Zinc Citrate Market Size (2024 - 2029)

The zinc citrate market is anticipated to experience growth due to its increasing application in personal care, health care, and food and beverage sectors, driven by its favorable chemical properties. Despite challenges such as competition from alternative zinc sources, potential side effects, and disruptions caused by the COVID-19 pandemic, the market is poised for expansion. Opportunities are also emerging in the agricultural sector, where zinc citrate is used as a soil fertilizer and micronutrient supplier. The Asia-Pacific region leads in market consumption, particularly in countries like China and India.

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Market Size of Zinc Citrate Industry

Market Summary - Zinc Citrate Market
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Zinc Citrate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Zinc Citrate Market Analysis

The market for zinc citrate is expected to grow at a CAGR of approximately 4% globally during the forecast period. Zinc citrate is manufactured by the neutralization of citric acid using a high purity zinc source. It is available in a white powder form and is odorless, insoluble in ethanol and is slightly soluble in water. Owing to the versatile and favorable chemical properties of zinc citrate, its application in personal care, health care and food and beverage segment is rising exponentially, consequently propelling the market growth.

However, the increasing threat from substitution from other zinc sources and side effects of zinc citrate is expected to hamper the growth of zinc citrate market during the forecast period. Moreover, the lockdown in numerous countries due to unfavorable conditions arising from the COVID-19 outbreak is also expected to hinder the market growth.

The growing usage in the agricultural industry as soil fertilizer and micronutrient suppliers are likely to deliver opportunities for the zinc citrate market over the next five years.

Asia-Pacific region dominates the market across the world with the escalating consumption of zinc citrate from countries, such as China and India.

Zinc Citrate Industry Segmentation

The zinc citrate market report include:

Product
Di-hydrate
Tri-hydrate
Application
Personal Care
Health Care
Food and Beverage
Agriculture
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Zinc Citrate Market Size Summary

The zinc citrate market is poised for steady growth, driven by its increasing applications across various sectors such as personal care, healthcare, and food and beverage. This growth is attributed to the compound's favorable chemical properties, which make it a valuable ingredient in products ranging from pharmaceutical drugs to dental care items. The healthcare sector, in particular, is a significant contributor to market expansion, with zinc citrate being utilized for its antimicrobial and anti-inflammatory properties. Despite the promising growth trajectory, the market faces challenges from potential substitutions and side effects, as well as disruptions caused by the COVID-19 pandemic. However, opportunities in the agricultural sector as a soil fertilizer and micronutrient supplier are expected to bolster market prospects.

The Asia-Pacific region emerges as the largest and fastest-growing market for zinc citrate, with countries like China and India leading the charge. The region's dominance is fueled by extensive use in healthcare, personal care, and food and beverage industries. The growing demand for personal care products, driven by increased consumer awareness and concern for beauty and care, further propels market growth. Additionally, government initiatives to provide affordable healthcare, coupled with the rising incidence of chronic diseases, are expected to sustain demand for zinc citrate. The market landscape is characterized by a mix of large and small players, with key companies such as Jungbunzlauer Suisse AG and Sucroal S.A. playing a pivotal role in shaping the market dynamics.

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Zinc Citrate Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand for Health Care Sector

      2. 1.1.2 Growing Utilization in Food and Beverage

    2. 1.2 Restraints

      1. 1.2.1 Zinc Derivatives as Substitute

      2. 1.2.2 Health Hazard Related to Zinc Citrate

      3. 1.2.3 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porters Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product

      1. 2.1.1 Di-hydrate

      2. 2.1.2 Tri-hydrate

    2. 2.2 Application

      1. 2.2.1 Personal Care

      2. 2.2.2 Health Care

      3. 2.2.3 Food and Beverage

      4. 2.2.4 Agriculture

      5. 2.2.5 Others

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Zinc Citrate Market Size FAQs

The Zinc Citrate Market is projected to register a CAGR of 4% during the forecast period (2024-2029)

Jungbunzlauer Suisse AG, Sucroal S.A, Jost Chemical Co, Feiyu Chemical and Noah Technologies Corporation are the major companies operating in the Zinc Citrate Market.

Zinc Citrate Report Snapshots

Zinc Citrate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)