The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The zinc citrate market has witnessed robust growth in recent years, and projections indicate a continuing upward trajectory. From a valuation of $1.86 billion in 2023, it is anticipated to reach $1.97 billion in 2024, boasting a compound annual growth rate (CAGR) of 5.9%.

Contributing Factors to Historic Growth

Several factors have contributed to the market’s historic growth, including:

• Demand for nutritional supplements
• Utilization in the pharmaceutical industry
• Increased awareness of zinc’s benefits
• Development of oral health products
• Trends in functional food and beverage consumption
• Rising concerns regarding zinc deficiency
• Use in cold remedies

Surging Demand In The Pharmaceutical Industry Boosts Growth In The Zinc Citrate Market

Driving Force: Pharmaceutical Sector

The pharmaceutical industry’s burgeoning demand is anticipated to be a significant driver for the zinc citrate market. Zinc citrate’s antimicrobial and anti-inflammatory properties make it valuable in various pharmaceutical applications, particularly in dental care products and cold remedies.

Market Players and Dynamics

Major companies operating in the zinc citrate market include Advanced Compounds International Inc., Continental Chemical USA, and Dr. Paul Lohmann GmbH KG, among others. The increase in pharmaceutical manufacturing, as evidenced by a rise in revenues, further underscores the market’s growth potential.

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Innovative Nutritional Supplements With Zinc Citrate

Embracing Innovation

A notable trend within the zinc citrate market is the emergence of innovative nutritional supplements incorporating zinc citrate components. These supplements cater to consumers’ increasing focus on immunity, blood sugar regulation, and overall health enhancement.

Case in Point: ChromaDex Corp.

ChromaDex Corp.’s launch of Tru Niagen Immune exemplifies this trend. This product, combining zinc citrate with other immune-boosting nutrients, reflects the market’s pursuit of novel formulations to meet consumer demands.

Sino Chem And Chemchina Join Forces To Enhance Chemical Manufacturing And Business Strategies

Strategic Alliances

The merger between Sino Chem and ChemChina in April 2021 marks a strategic move aimed at enhancing chemical manufacturing capabilities and refining business strategies. This consolidation reflects a broader trend of industry players seeking synergy and efficiency gains through collaboration.

Market Segmentation

The zinc citrate market is segmented by type (dihydrate, trihydrate), form (liquid, powder), and application (personal care, health care, food and beverage, agriculture, and others). This segmentation facilitates a nuanced understanding of market dynamics and consumer preferences.

Asia-Pacific: Leading the Charge

Regional Dynamics

Asia-Pacific emerged as the largest region in the zinc citrate market in 2023 and is poised for continued growth in the forecast period. The region’s rapid economic development, coupled with increasing consumer awareness of health and wellness, positions it as a key driver of market expansion.

Future Outlook

Looking ahead, the zinc citrate market is forecasted to reach $2.52 billion by 2028, boasting a CAGR of 6.3%. Major trends anticipated in this period include product innovation, emphasis on bioavailability, research into health benefits, regulatory compliance, and sustainable practices across the supply chain.

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The Zinc Citrate Global Market Report 2024  provides an overview of the zinc citrate market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The zinc citrate market forecast analyzes zinc citrate market size, zinc citrate market share, leading competitor and their market positions.

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