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
Report ID : 152 | Published Date : May 2020 | Pages : 160 | Region : Global | Report Code : CM-14
Zinc Citrate Market Overview and Introduction
Zinc Citrate is a white odorless powder and is produced by complete neutralization of citric acid with a high purity of zinc source followed by precipitation and dehydration. It is primarily used as a source of zinc in healthcare and personal care industries. Also, it is widely used in dental care products such as toothpastes, mouthwashes, and chewing gums in pharmaceutical industries. It is used in medicines, dietary supplements, and several other healthcare applications. The global zinc citrate market is anticipated to register significant growth over the forecast years.
The global zinc citrate market is driven by growing consumer awareness regarding health & personal care. Moreover, the widespread applications of zinc citrate and increasing demand from end-use applications such as pharmaceuticals, food & beverages, personal care, industrial applications, and feed & pet food have been contributing to growth of the global zinc citrate market. However, other cheaper substitutes of zinc citrate, such as zinc gluconate, hamper growth of the global zinc citrate market.
The global zinc citrate market is segmented based on product type, application, and region.
Zinc Citrate Market By Product Type
On the basis of product type, the global zinc citrate market is segmented into zinc citrate dehydrate and zinc citrate trihydrate. The zinc citrate trihydrate segment is estimated to have a larger share of the global zinc citrate market. This large share can be attributed to its widespread applications in pharmaceuticals, food supplements, and fertilizer & micronutrients for plants.
Zinc Citrate Market By Application
On the basis of application, the global zinc citrate market is segmented into pharmaceutical, food & beverage, personal care, feed & pet food, and other applications including industrial applications. In the application segment of zinc citrate, the pharmaceutical segment is estimated to account for the largest market share. Zinc citrate is used in medicines that improve the immune system, treat common cold, in dietary supplements, and oral care products.
Zinc Citrate Market By Region
The global zinc citrate market can be segmented into North America, Europe, Asia Pacific, and Rest of the World (ROW). North America and Europe dominate the zinc citrate market due to growth of pharmaceutical and personal care industries. Countries such as the US, the UK, Germany, France, and Italy have dominated their respective regional markets. Asia Pacific is likely to grow at the fastest rate owing to increasing population, developments in the healthcare and food & beverage industries, and rising disposable income in this region. The high demand for food products and personal care products in Asia Pacific is anticipated to drive the demand for the zinc citrate in this region. Countries such as China and India are dominating the regional market for zinc citrate.
Zinc Citrate Market Prominent Players
The key manufacturers operating in the global zinc citrate market include Noah Technologies Corporation, Advanced Compounds International, Kronox Lab Sciences, Jost Chemical Co., Jungbunzlauer Suisse AG, Sucroal S.A, Dr. Paul Lohmann GmbH KG, global calcium, TIB Chemicals AG, Ningxiang Xinyang Chemical Co., Ltd., and others.