Overview and Scope
Zinc citrate refers to the zinc salt of citric acid that is used in various industries for its strong anti-inflammatory properties.
Sizing and Forecast
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 dietary supplements 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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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the zinc citrate market in 2023. 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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Major Driver Impacting Market Growth
Increasing demand for the pharmaceutical industry is expected to propel the growth of the zinc citrate market going forward. The pharmaceutical industry refers to the industry that involves the development, production, and discovery of medical drugs. Zinc citrate has antimicrobial and anti-inflammatory effects and is beneficial in dental care products such as mouthwashes, chewing gum, and toothpaste. It also reduces the common cold; as a result, it is used as a component in pharmaceutical drugs. For instance, in August 2021, according to the Office for National Statistics, a UK-based government department, the manufacture of pharmaceuticals increased by US$1.12 billion (8%) to a total of US$15.25 billion in 2020. Therefore, increasing demand for the pharmaceutical industry drives the zinc citrate market.
Key Industry Players
Major companies operating in the zinc citrate market report 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., 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.
The zinc citrate market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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