Zinc citrate finds applications primarily in the pharmaceutical and nutraceutical industries as a dietary supplement. It features high bioavailability, making it an ideal choice for improving zinc intake. Its primary use is to address zinc deficiencies, supporting immune function, wound healing, and overall health. Zinc citrate is easy to absorb, making it a favored choice for users seeking to supplement their diet with this essential mineral. Its versatility and effectiveness make it a valuable component in various nutritional supplements and pharmaceutical formulations.
According to Data Bridge Market Research, the Global Zinc Citrate Market accounted for a value of 1.23 billion in 2021 and is expected to reach a value of USD 2.19 billion by 2029. The market is expected to grow with a CAGR of 7.50% in the forecast period of 2022 to 2029.
“Deficiency of essential minerals boosts the market’s growth”
The zinc citrate market is experiencing growth due to a deficiency of essential minerals, particularly in developing nations. Inadequate access to proper nutrition in these regions often leads to mineral deficiencies, including zinc. Zinc citrate is a valuable dietary supplement known for its bioavailability and ease of absorption. As awareness of the importance of zinc in maintaining health grows, there is a heightened demand for supplements such as zinc citrate to address deficiencies, fueling the market's expansion as it meets the nutritional needs of populations worldwide.
What restraints the growth of the global zinc citrate market?
“Increasing research and development costs restraints the market’s growth”
The growth of the zinc citrate market faces constraints due to increasing research and development costs. Developing high-quality zinc citrate products requires extensive research to ensure safety, efficacy, and compliance with regulatory standards. This demand for rigorous R&D efforts, including clinical trials and safety assessments, can lead to substantial expenses. These costs are often passed on to consumers, affecting product affordability and market adoption. Balancing the need for quality with cost-effective production is a challenge in the zinc citrate market, impacting its growth potential.
Segmentation: Global Zinc Citrate Market
The global zinc citrate market is segmented on the basis of type and application.
- On the basis of type, the zinc citrate market is segmented into dihydrate type, trihydrate type, and others.
- On the basis of application, the zinc citrate market is segmented into dental care, pharmaceutical, food and beverage, and others.
Regional Insights: North America dominates the Global Zinc Citrate Market
North America market dominates the global zinc citrates market due to its well-established pharmaceutical and dietary supplement industries. High health awareness and the presence of key manufacturers contribute to this dominance. Stringent quality standards and a strong consumer base seeking nutritional supplements further bolster North America's prominence in the zinc citrate market.
Europe is the second-largest revenue contributor to the global zinc citrates market, Asia Pacific market is anticipated to outpace growth in the zinc citrate market, followed by Latin America the Middle East, and Africa. The upsurge is attributed to the thriving pharmaceutical and nutraceutical sectors, anticipated to be key drivers for the global zinc citrate market throughout the forecast period.
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The Prominent Key Players Operating in the Global Zinc Citrate Market Include:
- Ajinomoto Co., Inc. (Japan),
- Clariant AG (Switzerland),
- Solvay SA (Belgium),
- BASF SE (Germany),
- NovoTech Nutraceuticals Inc. (U.S.),
- Dunstan Nutrition Ltd. (New Zealand),
- Shijiazhuang DonghuaJinlong Chemical Co Ltd. (China),
- Schaumann GmbH and Co. KG. (Germany),
- Aliphos Belgium SA/NV (Belgium), and
- Albion Laboratories, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global zinc citrate market companies contact, https://www.databridgemarketresearch.com/ar/contact
Research Methodology: Global Zinc Citrate Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
