Press release
Zinc Gluconate Market Poised to Expand at a Robust Pace by 2024
Zinc gluconate is primarily used in pharmaceutical industry as a zinc supplement. As an ingredient, it is used for treating wound healing, common cold and various diseases that are caused by zinc deficiencies. Few deficiencies include delayed sexual maturation, skin changes, mental lethargy and any susceptibility to infections. Zinc gluconate is also used in manufacturing of dietetic foods, processed cereal-based foods and baby foods for infants and young children. Zinc gluconate is used as a chelating agent, high alkalinity bottle cleanser, finish remover, and in the tanning and textile industries. Also, zinc gluconate might be used for cosmetics purposes.
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The zinc gluconate market is primarily driven by its requirement in food processing and pharmaceutical industries. Growth in its use for human and veterinary medicine along with supplements is anticipated to drive the market growth in the near future. Easy availability of alternate options for zinc supplements and salts for similar applications may slow down the market growth. Zinc sulfate is one of the cheapest substitute available for Zinc gluconate which can act as a restraint for this market.
Owing to benefits such as healthy support system build up, proper interactions and balance of essential elements in the body, maintenance of zinc levels, healthy DNA metabolism and synthesis among others, use of zinc gluconate in pharmaceutical industry is anticipated to witness significant traction in the next five to six years. This is further expected to bolster zinc gluconate market growth across the globe.
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In terms of regional outlook Asia pacific is the leading region for production as well as for consumption of zinc gluconate in food industry and pharmaceutical industry. Also, North America and Europe are the expected to be emerging markets for zinc gluconate, where it is anticipated to find profound use as food additive and related applications. Rest of the world especially Middle East and Africa may experience significant demand for zinc gluconate during the forecast period.
Some of the key players of zinc gluconate market include Jost Chemical, Ferro chem Industries, Tomita Pharmaceutical, Aditya Chemicals, Fuso Chemical Company, Global Calcium, Kelatron, Xingzhou Medicine Foods, Xinhong Pharmaceutical, Fengda Bio-Technology, Fuqiang Food Chemical, Ruibang Laboratories, Tianyi Food Additives, lobal Calcium, Feiyu Fine Chemical, Ruipu Biological Engineering, Gress Chemicals, Tengyuan Food Additive, Xinganjiang Pharma and Fuxin Chemical. Companies in this market are focused on research and development in order to develop products suiting end use consumer needs worldwide.
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