Zinc Citrate Global Market Report 2024

The global zinc citrate market has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $1.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth observed in the historical period for zinc citrate can be attributed to several factors. These include the demand for nutritional supplements, applications in the pharmaceutical industry, increasing awareness of the benefits of zInc., the development of oral health products, trends in functional food and beverages, concerns about rising zinc deficiency, and the use of zinc citrate in cold remedies. These factors collectively contributed to the expansion of the market for zinc citrate during the specified historical period.

The global zinc citrate market is expected to see strong growth in the next few years. It will grow to $2.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth in the forecast period for zinc citrate can be attributed to several factors. These include the continued expansion of the dietary supplements market, a heightened focus on immune health, ongoing innovation in functional foods, an increased use of zinc citrate in skincare products, the development of customized nutritional solutions, and its incorporation into functional beverages. Major trends expected in the forecast period include a focus on product innovation and formulation, a preference for bioavailability in supplements, ongoing research on potential health benefits, regulatory support and adherence to standards, and an emphasis on sustainable sourcing and production practices. These trends reflect the evolving landscape of consumer preferences and industry practices in the market for zinc citrate.

The escalating demand within the pharmaceutical industry stands poised to drive the growth of the zinc citrate market in the foreseeable future. The pharmaceutical sector encompasses activities involving the development, production, and exploration of medical drugs. Zinc citrate, renowned for its antimicrobial and anti-inflammatory properties, plays a pivotal role in dental care products like mouthwashes, chewing gum, and toothpaste. Additionally, its effectiveness in alleviating the common cold renders it a sought-after component in pharmaceutical drugs. For instance, statistics released by the UK's Office for National Statistics in August 2021 indicated an $1.12 billion increase (8%) in pharmaceutical manufacturing, reaching a total of $15.25 billion in 2020. Thus, the surging demand within the pharmaceutical industry serves as a catalyst propelling the zinc citrate market.

The surging health consciousness among individuals is poised to propel the expansion of the zinc citrate market. Health awareness denotes the level of knowledge, consciousness, and understanding individuals, communities, or societies possess concerning health-related matters, practices, and risks. As consumers become increasingly health-conscious and acknowledge the potential health benefits associated with zInc., there's a heightened demand for dietary supplements and products incorporating zinc citrate to support overall well-being. For example, as per the Office for National Statistics in March 2022, a significant proportion of individuals in the UK (75.3% of males and 75.7% of females) reported being in good or very good health. Hence, the burgeoning health consciousness contributes significantly to driving the growth of the zinc citrate market.

Innovative nutritional supplements utilizing zinc citrate components represent a prominent trend gaining traction in the zinc citrate market. Zinc citrate, known for its role in enhancing immunity, regulating blood sugar levels, and promoting eye, heart, and skin health, is increasingly incorporated by major nutritional companies to craft innovative dietary supplements, aiming for a competitive edge. For instance, ChromaDex Corp., a US-based dietary supplement company, unveiled Tru Niagen Immune in April 2022. This product features a unique blend of immune-boosting nutrients, including vitamins C, D, and zinc citrate, alongside ChromaDex's proprietary NAD-boosting ingredient Niagen. The integration of these elements signifies an endeavor to provide enhanced nutrition for consumers seeking optimal health benefits.

Prominent companies in the zinc citrate market are channeling efforts toward innovation by introducing new products like Zinc Gluconate and Monomagnesium Citrate to enhance their market profitability. Zinc gluconate, an organic source of zInc., boasts high bioavailability and offers numerous health benefits, including bolstering immune system functionality and supporting healthy skin, hair, and bones. Monomagnesium citrate, a magnesium salt derived from citric acid, is partially neutralized and serves as a mineral source in functional foods, beverages, and dietary supplements. For instance, in June 2022, Jungbunzlauer Suisse AG, a Switzerland-based chemical company, introduced Zinc Gluconate and Monomagnesium Citrate to the market. Zinc gluconate, known for its high bioavailability and health advantages, supports immune function and sustains skin, hair, and bone health. Monomagnesium citrate serves as a magnesium supply and also provides a mild acidifying effect, resulting in a more concise ingredient list and clearer labeling.

In a strategic move witnessed in April 2021, Sino Chem, a Chinese-based state-owned company specializing in chemical and fertilizer manufacturing, including zinc citrate production, merged with ChemChina, another Chinese state-owned entity. This merger was aimed at focusing on higher-value chemicals and materials, thereby reshaping the core business strategies of both organizations. ChemChina, renowned for its expertise in agrochemicals, chemical materials, and petrochemical processing, aligns strategically with Sino Chem's objectives, aiming to leverage combined strengths to diversify offerings and pursue enhanced market positions in the chemical industry.

Major companies operating in the zinc citrate market report are Advanced Compounds International Inc., Continental Chemical USA, Dr. Paul Lohmann GmbH KG, Changzhou Feiyu Chemical Company Limited, Gadot Biochemical Industries Limited, Global Calcium Private Limited, Jost Chemical Company, Jungbunzlauer Suisse AG, KIC Chemicals Inc., Kronox Lab Sciences Limited, Noah Technologies Corporation, Sucroal SA, TIB Chemicals AG, Nantong Hengsheng Fine Chemical Industry Limited Company, Shandong Hengtong Biotechnology Company Limited, Ningxiang Xinyang Chemical Company Limited, Suqian Modern Biology Technology Company Limited, American Elements Corporation, Seidler Chemical Co. Inc., Feiyu Chemical, Pure Innovation, Ajinomoto Co. Inc., Wego Chemical Group, Spectrum Chemical Manufacturing Corp., MP Biomedicals LLC, Alfa Aesar, GFS Chemicals Inc., ChemCeed LLC, Zhejiang Tianyi Food Additive Co. Ltd., Shijiazhuang Donghua Jinlong Chemical Co. Ltd., Shanghai Ruizheng Chemical Technology Co. Ltd., Wuhan Fortuna Chemical Co. Ltd., Hubei Ocean Biotech Co. Ltd.

Asia-Pacific was the largest region in the zinc citrate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the zinc citrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the zinc citrate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of zinc citrate are dihydrate and trihydrate. Zinc citrate dihydrate refers to organometallic compounds, also known as metalorganics, and organo-inorganic compounds. These compounds are available in various forms, including liquid and powder, and find applications in industries such as personal care, health care, food and beverage, agriculture, and others.

This report provides zinc citrate market statistics, including zinc citrate industry global market size, regional shares, competitors with a zinc citrate market share, detailed zinc citrate market segments, market trends and opportunities, and any further data you may need to thrive in the zinc citrate industry. This zinc citrate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The zinc citrate market consists of sales of zinc citrate nutritional supplements, skin supplements, supplements for pharma, and dried zinc citrate. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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