What is Global Zinc Citrate Market?
The Global Zinc Citrate Market is a vast and dynamic sector that encompasses a wide range of products and applications. Zinc Citrate is a type of zinc salt that has a citrus flavor and is often used as a dietary supplement or in food and beverage products. It's also used in pharmaceuticals and oral care products due to its beneficial properties. The market for this product is global, meaning it spans across all continents and countries, with various manufacturers and suppliers contributing to its production and distribution. The market's value is determined by the demand for Zinc Citrate in various industries and its price in the global market. However, the market's dynamics can be influenced by various factors such as changes in consumer preferences, technological advancements, and economic conditions among others.
Zinc Citrate Dihydrate, Zinc Citrate Trihydrate, Zinc Citrate Anhydrous in the Global Zinc Citrate Market:
Zinc Citrate comes in three forms: Zinc Citrate Dihydrate, Zinc Citrate Trihydrate, and Zinc Citrate Anhydrous. Each form has its unique properties and uses in different industries. Zinc Citrate Dihydrate is a white, crystalline powder that is often used in dietary supplements due to its high zinc content. Zinc Citrate Trihydrate, on the other hand, is a more hydrated form of Zinc Citrate and is commonly used in food and beverage products due to its pleasant citrus flavor. Lastly, Zinc Citrate Anhydrous is a form of Zinc Citrate that contains no water. It's often used in pharmaceuticals and oral care products due to its high purity and stability. Despite their differences, all three forms of Zinc Citrate contribute to the overall value of the Global Zinc Citrate Market.
Dietary Supplements, Food and Beverage, Oral Care, Pharmaceutical, Others in the Global Zinc Citrate Market:
The Global Zinc Citrate Market finds its usage in various areas such as Dietary Supplements, Food and Beverage, Oral Care, Pharmaceutical, and Others. In Dietary Supplements, Zinc Citrate is used due to its high zinc content which is essential for the human body. In the Food and Beverage industry, it's used as a flavor enhancer due to its pleasant citrus flavor. In Oral Care, it's used in toothpaste and mouthwashes due to its antibacterial properties. In the Pharmaceutical industry, it's used in various drugs due to its high purity and stability. Lastly, in other industries, it's used in various products due to its versatile properties. Each of these areas contributes to the demand for Zinc Citrate, thereby influencing the dynamics of the Global Zinc Citrate Market.
Global Zinc Citrate Market Outlook:
The Global Zinc Citrate Market's outlook is promising. In 2022, the market was valued at US$ 39 million and is expected to reach US$ 44 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 1.6% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing demand for Zinc Citrate in various industries and its rising price in the global market. Jungbunzlauer, a leading manufacturer of Zinc Citrate, holds a significant share of the market, accounting for 21% of the total sales. This indicates the company's strong presence in the market and its ability to meet the growing demand for Zinc Citrate.
| Report Metric | Details |
| Report Name | Zinc Citrate Market |
| Accounted market size in 2023 | US$ 42 million |
| Forecasted market size in 2030 | US$ 51 million |
| CAGR | 2.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Jungbunzlauer, Gadot Biochemical Industries, Sucroal, Dr. Paul Lohmann, Penglai Marine, RZBC, TIB Chemicals, Zhengzhou Ruipu Biological Engineering, Nantong Feiyu Food Technology, Xinyang Chemical, Suqian Modern Biology Technology, Lianyungang Hengsheng Food Additive, Wujiang Shuguang Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
