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Zinc Citrate Market Size
Zinc Citrate Market size was valued at USD 1.7 billion in 2022 and is anticipated to register a CAGR of over 7.4% between 2023 and 2032. Zinc citrate is commonly used in dietary supplements due to its bioavailability and ease of absorption. Increasing consumer awareness of the importance of zinc for overall health and immunity has led to a growing demand for dietary supplements containing zinc citrate.
Zinc citrate is used in pharmaceuticals for its therapeutic properties. It is included in various over-the-counter and prescription medications, such as cold and flu remedies, wound care products, and dermatological treatments. Zinc citrate is used in various industrial applications, including in the textile industry for dyeing and finishing processes and in the manufacturing of zinc-containing chemicals. Demand in these sectors can be influenced by economic factors, market trends, and technological advancement.
Report Attributes | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 1.7 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 7.4% |
2032 Value Projection: | USD 3.6 Billion |
Historical Data for: | 2018 – 2022 |
No. of Pages: | 300 |
Tables, Charts & Figures: | 137 |
Segments covered: | Product, Application, Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The price of raw materials used in the production of zinc citrate, such as zinc oxide and citric acid, can be subject to price volatility. This can affect the overall production costs and profit margins for manufacturers. The zinc citrate industry is subject to various regulations and standards, including those related to safety, quality, labeling, and permissible usage levels in different products.
COVID-19 Impact
The pandemic has led to increased consumer awareness of the importance of maintaining a strong immune system. As a result, there has been a surge in demand for dietary supplements containing zinc citrate, as zinc is known to support immune function. This has boosted the sales of zinc citrate in the nutraceutical industry. The urgency to address the pandemic led to changes in regulations and standards, including those related to the production and labeling of dietary supplements and pharmaceuticals. Manufacturers had to adapt to these changes, which often required time and resources.
Zinc Citrate Market Trends
Consumers were increasingly seeking clean label and natural products. This trend extended to dietary supplements, where there was a preference for zinc citrate derived from natural sources.
Zinc citrate's use in oral care products, such as toothpaste and mouthwash, continued to grow. It is known for its ability to reduce plaque and combat bad breath, making it a popular ingredient in the oral care industry. Ongoing research and development efforts aimed at discovering new applications for zinc citrate in pharmaceuticals, personal care products, and industrial applications. Researchers were exploring its potential in wound healing, dermatology, and as an antimicrobial agent.
Zinc Citrate Market Analysis
Based on product, the market is divided into Zinc Citrate Dihydrate, Zinc Citrate Trihydrate, Others. Zinc Citrate Dihydrate segment held the dominant market share of USD 1.2 billion in 2022. The demand for zinc citrate dihydrate in nutraceuticals is driven by its high bioavailability and suitability for dietary supplements. Consumers seek products that are easily absorbed to support their health, and zinc citrate dihydrate fits this demand. Zinc citrate trihydrate is widely used in oral care products, such as toothpaste and mouthwash.
Based on application, the zinc citrate market is categorized into Pharmaceuticals, Food & Beverages, Dietary Supplements, Oral Care, Cosmetics & Personal Care, Others. Pharmaceuticals accounted for over 25% business share in 2022 and is projected to grow through 2032. In the pharmaceutical industry, the demand for zinc citrate is driven by its therapeutic properties. Zinc citrate may be used in cold and flu remedies, wound care products, and dermatological treatments, leading to steady demand.
North America dominated the zinc citrate market in 2022. Within North America, the U.S. generated a revenue of over USD 0.5 billion in 2022. The North American region places a strong emphasis on health and wellness. The demand for dietary supplements and nutraceuticals containing zinc citrate is driven by consumers' interest in maintaining overall health and boosting immunity, particularly in light of public health concerns.
Zinc Citrate Market Share
Major players operating in the zinc citrate industry include:
- American Elements
- Global Calcium
- Jost Chemical Co.
- Seidler Chemical Co., Inc.
- NOAH Technologies Corporation
- L.C. Industries, Inc.
- Nutraceutix
American Elements and global calcium are dominant players in the market due to their vast product portfolio. American Elements ecosystem integration, along with consistent innovation, have attracted millions of customers. Their brand recognition and exclusive content deals solidify their leadership in the highly competitive market.
Zinc Citrate Industry News
- In 2022, the company Albion Laboratories acquired the zinc citrate business of the company Chemetall. This acquisition is expected to strengthen Albion Laboratories' position in the market.
- In 2023, American Elements announced that it would be expanding its zinc citrate production capacity by 20%. This expansion is expected to meet the growing demand for zinc citrate from a variety of industries.
The zinc citrate market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2018 to 2032, for the following segments:
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By product, 2018 – 2032
- Zinc Citrate Dihydrate
- Zinc Citrate Trihydrate
- Others
By application, 2018 – 2032
- Pharmaceuticals
- Food & Beverages
- Dietary Supplements
- Oral Care
- Cosmetics & Personal Care
- Others
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- ANZ
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- UAE
- South Africa
- Saudi Arabia
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