Zinc Citrate Global Market 2024 - Key Drivers, Growth Factors, Technological Development And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Zinc Citrate Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The zinc citrate market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $1.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to nutritional supplements demand, pharmaceutical industry applications, growing awareness of zinc benefits, oral health products developmen, functional food and beverage trends, rising zinc deficiency concerns, use in cold remedies.

The zinc citrate market size is expected to see strong growth in the next few years. It will grow to $2.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to continued growth in die*tary supp*lements market, focus on immune health, innovation in functional foods, expanding use in skincare products, customized nutritional solutions, incorporation in functional beverages. Major trends in the forecast period include product innovation and formulation, preference for bioavailability, research on potential health benefits, regulatory support and standards, sustainable sourcing and production practices.

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Market Drivers and Trends:

The growing health awareness is expected to propel the growth of the zinc citrate market going forward. Health awareness refers to the level of knowledge, consciousness, and understanding that individuals, communities, or societies have about health-related issues, practices, and risks. As consumers become more health-conscious and aware of the potential health benefits of zinc, they seek die*tary supp*lement and products containing zinc citrate to support their overall well-being. This increased awareness drives the demand for zinc citrate in the die*tary supp*lement industry. For instance, in March 2022, according to the Office for National Statistics, a UK-based government body, most people in the UK (75.3% of males and 75.7% of women) said they were in good or very good health. Therefore the growing health awareness is driving the growth of the zinc citrate market.

Innovative nutritional supplements using zinc citrate components are a key trend gaining popularity in the zinc citrate market. Zinc citrate in nutrition improves immunity, blood sugar levels, and eye, heart, and skin health. As a result, major nutritional companies are using zinc citrate to produce innovative nutritional supplements to gain a competitive edge in the market. For instance, in April 2022, ChromaDex Corp., a US-based die*tary supp*lements company, launched Tru Niagen Immune. This product includes a unique combination of high-quality and proven immune-boosting nutrients (vitamins C, D, and zinc citrate), along with ChromaDex's proprietary NAD-boosting ingredient Niagen®, a patented nicotinamide riboside, and serves better nutrition for its consumers.

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Major Key Players of the Market:

Advanced Compounds International Inc., Continental Chemical USA, Dr. Paul Lohmann GmbH KG, Changzhou Feiyu Chemical Company Limited, Gadot Biochemical Industries Limited, Global Calcium Private Limited, Jost Chemical Company, Jungbunzlauer Suisse AG, KIC Chemicals Inc., Kronox Lab Sciences Limited, Noah Technologies Corporation, Sucroal SA, TIB Chemicals AG, Nantong Hengsheng Fine Chemical Industry Limited Company, Shandong Hengtong Biotechnology Company Limited, Ningxiang Xinyang Chemical Company Limited, Suqian Modern Biology Technology Company Limited, American Elements Corporation, Seidler Chemical Co. Inc., Feiyu Chemical, Pure Innovation, Ajinomoto Co. Inc., Wego Chemical Group, Spectrum Chemical Manufacturing Corp., MP Biomedicals LLC, Alfa Aesar, GFS Chemicals Inc., ChemCeed LLC, Zhejiang Tianyi Food Additive Co. Ltd., Shijiazhuang Donghua Jinlong Chemical Co. Ltd., Shanghai Ruizheng Chemical Technology Co. Ltd., Wuhan Fortuna Chemical Co. Ltd., Hubei Ocean Biotech Co. Ltd.

Zinc Citrate Market 2024 Key Insights:

• The zinc citrate market size is expected to see strong growth in the next few years. It will grow to $2.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
• Surging Demand In The Pharmaceutical Industry Boosts Growth In The Zinc Citrate Market
• Innovative Nutritional Supplements With Zinc Citrate
• Asia-Pacific was the largest region in the zinc citrate market in 2023

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