Global Zinc Citrate market trends 2024, Forecast To 2033
4 Mar, 2024
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 development, 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.
Global Zinc Citrate Market Key Driver
The zinc citrate market is anticipated to witness growth driven by the increasing demand within the pharmaceutical industry. With its antimicrobial and anti-inflammatory properties, zinc citrate finds application in dental care products like mouthwashes, chewing gum, and toothpaste, besides being utilized in pharmaceutical drugs to alleviate the common cold. The Office for National Statistics reports a notable increase in pharmaceutical manufacturing, rising by US$1.12 billion (8%) to reach US$15.25 billion in 2020. Consequently, the burgeoning demand within the pharmaceutical sector is set to propel the zinc citrate market forward, reflecting anticipated market sizes for 2023, 2024, and 2028.
Get A Free Sample Of The Global Zinc Citrate Market ReportGlobal Zinc Citrate Market Segments
The global 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
By Geography: The regions covered in the zinc citrate market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Zinc Citrate Industry Players
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.
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Zinc Citrate Market Overview
Zinc citrate refers to the zinc salt of citric acid that is used in various industries for its strong anti-inflammatory properties.
Zinc Citrate Global Market Report 2023 provides data on the global zinc citrate market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The zinc citrate market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.