Zinc Citrate Market is anticipated to grow at a healthy CAGR from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “Zinc Citrate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global zinc citrate market is estimated to be over US$ 150 Mn in 2018. It is anticipated to grow at a healthy CAGR from 2019 to 2030.
The growth in the global zinc citrate market can be attributed to growing consumer awareness regarding a healthier lifestyle and increasing demand for zinc citrate from end-use industries such as pharmaceuticals, personal care, and food & beverages. Due to its antimicrobial and anti-inflammatory properties, zinc citrate is widely used in oral care products such as toothpastes, mouthwashes, and chewing gums. Moreover, an increasing consumer base and developments in the healthcare industry, in developing countries are anticipated to boost the demand for zinc citrate products globally. However, substitution risk from other zinc products such as zinc gluconate, zinc acetate, and zinc picolinate and side effects associated with usage of zinc citrate will slow down market growth during the forecast timespan.
Zinc citrate is used widely in the pharmaceuticals, personal care products, and food & beverages industries. In the pharmaceutical industry, zinc citrate is used in medicines that treat common cold, improve the immune system, dietary supplements, and others. It is also used in dental care products to reduce the formation of dental plaque and tartar. The increasing awareness among consumers about health and the widespread applications of zinc citrate in different industries are the main drivers for the growth of global zinc citrate market.
Increasing population and a rise in disposable income among consumers in developing economies are factors that are anticipated to have a positive impact on the global zinc citrate market. In emerging countries such as China and India, the consumer base for zinc citrate contained products is increasing owing to developments in healthcare, food & beverages, and personal care. Rise in disposable income in emerging countries and changing consumer preferences for a healthier lifestyle & products are estimated to boost the global zinc citrate market.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, Zinc Citrate Market by Product Type (Zinc Citrate Dihydrate, Zinc Citrate Trihydrate), Application (Pharmaceutical, Food & Beverage, Personal Care, Feed & Pet Food) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/zinc-citrate-market/152
Substitute products available for zinc citrate and risks associated with consumable products containing zinc citrate may affect market growth. Substitutes such as zinc gluconate, zinc acetate, and zinc picolinate may cause serious adverse effects on the zinc citrate market. Similarly, the side effects associated with pharmaceuticals containing zinc citrate, include nausea, vomiting, diarrhea, and stomach ache. These factors may hinder market growth globally.
Asia Pacific region is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economies, increasing disposable income, and growing awareness regarding a healthier lifestyle and personal care is anticipated to present lucrative growth rates in the Asia Pacific region. Countries such as China and India will dominate the regional market over the forecast timespan.
The key manufacturers operating in the global zinc citrate market include Jungbunzlauer Suisse AG, Sucroal S.A, Kronox Lab Sciences, Dr. Paul Lohmann GmbH KG, Noah Technologies Corporation, Global Calcium, Advanced Compounds International, TIB Chemicals AG, Jost Chemical Co, Ningxiang Xinyang Chemical Co., Ltd., and others.
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