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How is the Growth Rate of the Zinc Citrate Market Estimated for 2024-2033?

There has been robust growth in the zinc citrate market size in the past few years. It is projected to expand from $1.86 billion in 2023 to $1.97 billion in 2024, with a compound annual growth rate (CAGR) of 5.9%. Factors contributing to the historic growth include demand for nutritional supplements, use in the pharmaceutical industry, rising knowledge about the advantages of zinc, progress in oral health products, trends in functional food and beverage, increasing worries about zinc deficiency, and its application in cold remedies.

Anticipations are strong for significant expansion of the zinc citrate market in the coming years, projecting it to reach $2.52 billion by 2028 with a compound annual growth rate (CAGR) of 6.3%. The predicted growth during the forecast period can be credited to consistent development in the dietary supplements sector, emphasis on immune health, advancements in functional foods, growing application in skincare products, bespoke nutritional solutions, and adoption in functional beverages. Key trends for the forecast period encompass product innovation and formulation, inclination towards bioavailability, studies on prospective health advantages, regulatory backing and standards, as well as sustainable procurement and production methodologies.

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What Key Drivers Are Propelling the zinc citrate Market’s Growth?

The surge in the pharmaceutical industry’s demand is projected to fuel the expansion of the zinc citrate market. The pharmaceutical sector pertains to the industry engaged in the creation, manufacturing, and exploration of medicinal drugs. Zinc citrate exhibits antimicrobial and anti-inflammatory properties, making it advantageous for dental hygiene products like mouthwashes, chewing gum, and toothpaste. It also alleviates the common cold, leading to its inclusion in pharmaceutical drugs. For instance, the Office for National Statistics, a UK government department, stated in August 2021, that the pharmaceutical production witnessed an 8% growth, increasing by US$1.12 billion, valuing a total of US$15.25 billion in 2020. Therefore, the rising demand from the pharmaceutical industry propels the zinc citrate market.

What Are the Significant Segments of the 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

Which New Trends Are Making Waves in the Zinc Citrate Market?

The trend of utilizing zinc citrate components in unique nutritional supplements is gaining traction in the zinc citrate market. Enhancements to immunity, blood sugar regulation and the health of the eyes, heart and skin can be attributed to zinc citrate in nutrition. Consequently, prominent nutrition firms are incorporating zinc citrate into their innovative supplement products to gain a market advantage. For example, ChromaDex Corp., a dietary supplement company based in the United States, launched Tru Niagen Immune in April 2022. This offering consists of a one-of-a-kind blend of high-quality, tested nutrients known to bolster immunity (such as vitamins C, D, and zinc citrate), along with Niagen®, a proprietary ingredient from ChromaDex that boosts NAD. This product also includes a patented nicotinamide riboside, providing superior nutrition to its consumers.

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Which Regions Are Significant to the Growth of the Zinc Citrate Market?

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.

The Zinc Citrate Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the zinc citrate market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Zinc Citrate Market Include

1. Zinc Citrate Market Executive Summary

2. Zinc Citrate Market Segments

3. Zinc Citrate Market Size And Template Market Growth Rate

4. Key Zinc Citrate Market Trends

5. Major Zinc Citrate Market Drivers

……

25. Key Mergers And Acquisitions In The Zinc Citrate Market

26. Top Zinc Citrate Companies

27. Zinc Citrate Market Opportunities And Strategies

28. Zinc Citrate Market, Conclusions And Recommendations

29. Appendix

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