Global Zinc Citrate Market, By Type (Dihydrate Type, Trihydrate Type, Others), Application (Dental Care, Pharmaceutical, Food and Beverage, Others) – Industry Trends and Forecast to 2029.
Zinc Citrate Market Analysis and Size
In the forecast period, an increasing number of applications from the preventive healthcare products sector will act as a factor for the zinc citrate market. Several industry participants have been implementing strategic initiatives to gain a competitive advantage in evolving marketplaces, which has positively impacted overall business dynamics.
Data Bridge Market Research analyses that the zinc citrate was valued at 1.23 billion in 2021 and is expected to reach the value of USD 2.19 billion by 2029, at a CAGR of 7.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Zinc Citrate Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Dihydrate Type, Trihydrate Type, Others), Application (Dental Care, Pharmaceutical, Food and Beverage, Others),
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
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.)
|
|
Opportunities
|
|
Market Definition
Zinc Citrate is a zinc-containing nutritional supplement that contains the zinc salt form of citric acid. Zinc is an essential trace element that plays an important role in many biological processes, acts as an antioxidant, and helps to strengthen the immune system. Although the exact mechanism of action is unknown, zinc supplementation may be used to boost immunity against viruses or to disrupt the replication of certain viruses, such as the human papillomavirus (HPV).
Zinc Citrate Market Dynamics
Drivers
- Deficiency of essential minerals especially in developing nations is creating market demand
The increasing growth rate for the citrates market share in the populace with supplement deficiency of essential supplements in agricultural nations is causing an expanded interest for useful food sources and refreshments items; this has increased the interest for zinc citrates in the food varieties and drinks industry. Furthermore, the growing consumption of meat and meat products has necessitated the development of more nutritious feed products, which has had a significant impact on the market development of zinc citrates.
- Growing demand from the personal care and nutraceutical industry
Growing demand for zinc citrates in personal care and cosmetic products is expected to drive global zinc citrates market growth over the forecast period. Companies focusing on developing and selling manganese citrate that can cure the deficiency among consumers. Furthermore, various health benefits and effectiveness associated with citrates consumption are expected to drive demand for citrates in the pharmaceutical and nutraceutical industries, driving zinc citrates market growth over the forecast period.
Opportunities
Increasing international players' market penetration in developing regions in order to increase customer base in the region is expected to create lucrative opportunities for players operating in the target market.
Restraints
Increasing research and development costs, as well as volatility in raw material prices, are acting as market restraints for zinc citrate growth during the forecast period. The lack of public awareness about the benefits of zinc citrate in developing economies will be the most difficult challenge to market growth.
This zinc citrate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Zinc Citrate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Zinc Citrate Market
The COVID-19 Pandemic has caused bottlenecks in industry pipelines, transaction pipes, and store network exercises. This has put a significant financial strain on industry leaders' organisational spending. Citrates Market size has increased the requirement for a promising situation investigation, value pattern information, and serious outcomes. Utilize the DBMR group to create new sales channels and capture previously unknown business sectors. DBMR assists its customers in filling positions in these uncertain business sectors.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
During the COVID-19 pandemic, the tractor business experienced a sharp drop, with the dealership network being the most affected due to supply chain disruptions and manufacturing units that were not fully operational. Due to travel restrictions, production was delayed and supply was disrupted, resulting in a sharp decrease in tractor sales during 2019-2020.
Global Zinc Citrate Market Scope
The zinc citrate market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Dihydrate Type
- Trihydrate Type
- Others
Application
- Dental Care
- Pharmaceutical
- Food and Beverage
- Others
Zinc Citrate Market Regional Analysis/Insights
The zinc citrate market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the zinc citrate market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
In terms of revenue contribution, the North American market dominates the global zinc citrates market when compared to markets in other regions. Europe is the second-largest revenue contributor to the global zinc citrates market, trailed by markets in Asia Pacific, Latin America, and the Middle East and Africa. Over the next ten years, the Asia Pacific market is expected to grow at a faster rate in terms of revenue. The expanding pharmaceutical and nutraceutical industries are expected to drive the global zinc citrates market over the forecast period.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Zinc Citrate Market Share Analysis
The zinc citrate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Zinc Citrate market.
Some of the major players operating in the zinc citrate market are:
- 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.)
SKU-