What Has Driven the Growth of the Zinc Citrate Market in Recent Years?
The zinc citrate market has seen considerable growth due to a variety of factors.
• The market size for zinc citrate has seen considerable expansion in the past few years. A growth forecast predicts an increase from $1.96 billion in 2024 to $2.07 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.6%. Factors contributing to growth during the historic period include heightened demand for nutritional supplements, wider applications in the pharmaceutical industry, increased awareness about the advantages of zinc, the introduction of new oral health products, trends in functional food and drinks, rising concerns about zinc deficiency, and its use in treatments for the common cold.
How Will the Zinc Citrate Market Size?
The Zinc Citrate market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the zinc citrate market is projected to experience robust growth, escalating to $2.73 billion in 2029 with a compound annual growth rate (CAGR) of 7.3%.
This growth during the predicted period is due to the sustained expansion in the dietary supplements sector, emphasis on immune health, advancements in functional foods, broader application in skincare products, personalized nutritional solutions, and its inclusion in functional beverages. Key trends for the forecast period encompass product innovation and formulation, favor for bioavailability, exploration for potential health advantages, regulatory backing and standards, and practices towards sustainable procurement and manufacturing.
Which Factors Are Boosting Growth In The Zinc Citrate Market?
The forecasted surge in the zinc citrate market is closely tied to the anticipated growth in the pharmaceutical sector. The term 'pharmaceutical industry' is used to describe the sector that is concerned with the creation, production, and identification of medicinal drugs. Zinc citrate, known for its antimicrobial and anti-inflammatory properties, is particularly useful in oral healthcare products like mouthwashes, chewing gums, and toothpaste. Furthermore, it serves as an effective treatment for the common cold. It is therefore a common ingredient in many pharmaceutical drugs. As outlined in a December 2022 report by Statistics Canada, a government agency, the personal and household goods subsector saw a third successive month of growth in October 2022, with an increase of 2.8%, leading to total sales of $11.6 billion. This growth was largely attributable to the pharmaceuticals and pharmacy supplies industry, which saw a 3.9% rise, resulting in sales of $6.4 billion. This was the industry's highest level of sales since January 2022. As such, the escalating requirements in the pharmaceutical sector act as a growth driver for the zinc citrate market.
What Key Areas Define The Segmentation Of The Global 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
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How Are Emerging Trends Reshaping The Dynamics Of The Zinc Citrate Market?
The rising trend of integrating zinc citrate components into innovative nutritional supplements is gaining traction in the zinc citrate market. Zinc citrate plays a key role in enhancing immunity, stabilizing blood sugar levels, and promoting heart, eye, and skin health. Consequently, top nutritional companies are incorporating zinc citrate to create groundbreaking nutritional supplements in order to achieve superior market positioning. In a case in point, ChromaDex Corp., a dietary supplement firm based in the US, unveiled Tru Niagen Immune in April 2022. This product boasts a distinct blend of high-quality and tested immune-fortifying nutrients, including vitamins C, D, and zinc citrate. Additionally, it contains ChromaDex’s exclusive NAD-stimulating ingredient, Niagen, a patented form of nicotinamide riboside which makes the product more nutritiously beneficial for its consumers.
Who Are the Key Players In The Zinc Citrate Market?
Major companies operating in the zinc citrate market include:
• 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 Most Dominant Region In The Zinc Citrate Market?
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.
