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Zinc Citrate Market to Grow at 6.8% CAGR, Reaching $2.66 Billion by 2029
Zinc Citrate
Zinc Citrate Market Outlook: How is the Market Expected to Grow by 2025?
In recent times, the zinc citrate market has seen a consistent growth. It is projected to increase from $1.96 billion in 2024 to $2.04 billion in 2025, with a compound annual growth rate (CAGR) of 4.2%. The growth in the past years has been driven by factors such as the demand for nutritional supplements, use in the pharmaceutical industry, increasing acknowledgment of the benefits of zinc, the development of oral health products, the rise in trends of functional food and beverages, growing concerns over zinc deficiency, and its deployment in the treatment of cold symptoms.
Zinc Citrate Market Forecast: What Size Will It Reach By 2029?
In the upcoming years, the zinc citrate market is slated to experience robust expansion, with an anticipated value of $2.66 billion in 2029 and a compound annual growth rate (CAGR) of 6.8%. Factors facilitating growth during the predicted period include the persistent development of the dietary supplements market, emphasis on immune health, innovative functional foods, growing utilization in skincare items, tailored nutritional remedies, and employment in functional beverages. The forecast period will witness dominant trends such as product innovation and development, a bias towards bioavailability, studies on potential health advantages, regulatory backing and standards, and sustainable procurement and manufacturing methods.
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Which Key Market Drivers Will Shape Zinc Citrate Industry Trends in 2025-2029?
The zinc citrate market is set to grow due to the escalating demand within the pharmaceutical industry. This industry is focused on the creation, production, and discovery of therapeutical drugs. Known for its antimicrobial and anti-inflammatory properties, zinc citrate is a significant component in dental hygiene products such as mouthwash, toothpaste, and chewing gum. It also contributes to reducing the severity of the common cold, hence its use in some pharmaceutical drugs. An example of this rising demand was evident in a December 2022 report by Statistics Canada, a governmental agency in Canada. It detailed a 2.8% sales increase in personal and household goods for the third consecutive month in October 2022, amounting to a total of $11.6 billion. The surge was majorly attributed to the pharmaceuticals and pharmacy supplies industry, which saw a 3.9% rise, hitting $6.4 billion, this being the highest level since January 2022. Thus, the growing demand in the pharmaceutical industry is giving a positive push to the zinc citrate market.
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What Are the High-Growth Segments in the Zinc Citrate Market?
The zinc citrate market covered in this report is segmented -
1) By Type: Dihydrate, Trihydrate
2) By Form: Liquid, Powder
3) By Application: Personal Care, Health Care, Food and Beverage, Agriculture, Other Application
Subsegments:
1) By Dihydrate Zinc Citrate: Pharmaceutical Grade Dihydrate Zinc Citrate, Food Grade Dihydrate Zinc Citrate, Industrial Grade Dihydrate Zinc Citrate
2) By Trihydrate Zinc Citrate: Pharmaceutical Grade Trihydrate Zinc Citrate, Food Grade Trihydrate Zinc Citrate, Industrial Grade Trihydrate Zinc Citrate
3) By Other Types: Zinc Citrate Blends or Complexes, Specialty Grades for Specific Applications
Which Global Trends Are Driving Zinc Citrate Market Expansion?
The growing trend of formulating innovative dietary supplements with zinc citrate components is becoming more prevalent in the zinc citrate market. The use of zinc citrate in nutritional products can enhance immune function, stabilize blood sugar, and promote the health of eyes, heart, and skin. Therefore, leading nutritional firms are incorporating zinc citrate in their innovative dietary supplements to establish a competitive advantage. For instance, in April 2022, ChromaDex Corp., a US company that specializes in dietary supplements, introduced Tru Niagen Immune. This product features a special blend of premium, scientifically validated nutrients for boosting the immune system, such as vitamins C and D, along with zinc citrate. It also includes ChromaDex's own NAD-enhancing ingredient, Niagen, which is a patented form of nicotinamide riboside, and provides superior nutrition to its users.
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Who Are the Fastest-Growing Companies in the Zinc Citrate Industry?
Major companies operating in the zinc citrate market are 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., 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.
What Is the Regional Outlook for the Zinc Citrate Market by 2029?
Asia-Pacific was the largest region in the zinc citrate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the zinc citrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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