Market Size of Zinc Citrate Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
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.
Zinc Citrate Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Rising Demand for Health Care Sector
-
1.1.2 Growing Utilization in Food and Beverage
-
-
1.2 Restraints
-
1.2.1 Zinc Derivatives as Substitute
-
1.2.2 Health Hazard Related to Zinc Citrate
-
1.2.3 Unfavorable Conditions Arising Due to COVID-19 Outbreak
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porters Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Buyers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION
-
2.1 Product
-
2.1.1 Di-hydrate
-
2.1.2 Tri-hydrate
-
-
2.2 Application
-
2.2.1 Personal Care
-
2.2.2 Health Care
-
2.2.3 Food and Beverage
-
2.2.4 Agriculture
-
2.2.5 Others
-
-
2.3 Geography
-
2.3.1 Asia-Pacific
-
2.3.1.1 China
-
2.3.1.2 India
-
2.3.1.3 Japan
-
2.3.1.4 South Korea
-
2.3.1.5 Rest of Asia-Pacific
-
-
2.3.2 North America
-
2.3.2.1 United States
-
2.3.2.2 Canada
-
2.3.2.3 Mexico
-
-
2.3.3 Europe
-
2.3.3.1 Germany
-
2.3.3.2 United Kingdom
-
2.3.3.3 France
-
2.3.3.4 Italy
-
2.3.3.5 Rest of Europe
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle-East and Africa
-
2.3.5.1 Saudi Arabia
-
2.3.5.2 South Africa
-
2.3.5.3 Rest of Middle-East and Africa
-
-
-
Zinc Citrate Market Size FAQs
What is the current Zinc Citrate Market size?
The Zinc Citrate Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in Zinc Citrate Market?
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.
