Zinc Citrate Market By Product Type (Zinc Citrate Dihydrate, Zinc Citrate Anhydrous), By Application (Pharmaceuticals, Food & Beverages, Cosmetics & Personal Care, Animal Feed, Other Applications), By End-User Industry (Pharmaceuticals & Healthcare, Food & Beverages, Cosmetics & Personal Care, Animal Feed & Veterinary), and By Region; Global Insights & Forecast (2024 – 2030)

Published: January, 2025  
|   Report ID: CM6395  
|   Chemicals and Material

As per Intent Market Research, the Zinc Citrate Market was valued at USD 1.7 billion in 2023 and will surpass USD 3.6 billion by 2030; growing at a CAGR of 11.1% during 2024 - 2030.

The global zinc citrate market has gained significant momentum in recent years, primarily driven by increasing awareness of the health benefits of zinc and its widespread applications across industries. Zinc citrate is a highly bioavailable form of zinc, used extensively in dietary supplements, pharmaceuticals, food fortification, cosmetics, and animal feed. As consumers continue to prioritize health and wellness, the demand for zinc-enriched products has surged. The market is also fueled by a growing focus on improving nutrition, boosting immune health, and enhancing the functionality of personal care products. With its versatile applications, zinc citrate remains a critical component in a variety of sectors.

Zinc Citrate Dihydrate Segment is Largest Owing to Pharma Demand

The Zinc Citrate Dihydrate segment is the largest in the zinc citrate market, driven by its dominant use in pharmaceutical applications. Zinc citrate dihydrate is known for its high solubility and excellent bioavailability, making it a popular choice in dietary supplements and oral formulations. In the pharmaceutical industry, it is used to treat zinc deficiencies and support immune health, skin care, and wound healing. Its superior absorption properties ensure that zinc citrate dihydrate remains highly effective for therapeutic purposes.

The growing global demand for dietary supplements, coupled with rising awareness regarding immune system health, has spurred the adoption of zinc citrate dihydrate. Additionally, as consumers continue to seek natural and bioavailable solutions for their nutritional needs, zinc citrate dihydrate's prominence in pharmaceutical products will continue to grow. This segment's significant presence in the health and wellness industry positions it as the largest subsegment within the zinc citrate market.

Pharmaceuticals Segment is Largest Owing to Health Benefits

The Pharmaceuticals application segment is the largest within the zinc citrate market, primarily driven by the increasing demand for zinc-based dietary supplements and therapeutic products. Zinc plays a vital role in immune system function, wound healing, and skin health, making zinc citrate a popular choice for pharmaceutical formulations. Zinc citrate’s superior bioavailability compared to other zinc compounds ensures that it is effectively absorbed by the body, making it ideal for use in nutritional supplements and medicinal products aimed at addressing zinc deficiencies.

The expanding global demand for immunity-boosting products, especially amidst health crises, has propelled the growth of the pharmaceuticals segment. Furthermore, as consumers become more health-conscious and seek supplements that promote overall wellness, the demand for zinc citrate in pharmaceutical applications continues to increase. This robust growth in the healthcare sector will continue to drive the dominance of the pharmaceuticals segment in the zinc citrate market.

Pharmaceuticals & Healthcare Segment is Largest Owing to Supplement Demand

The Pharmaceuticals & Healthcare end-user industry is the largest in the zinc citrate market, fueled by the widespread use of zinc citrate in dietary supplements and over-the-counter healthcare products. Zinc supplements are in high demand globally, particularly as consumers turn to nutritional solutions that support immune function, skin health, and overall well-being. Zinc citrate's bioavailability and non-toxic properties make it a preferred ingredient in supplements, contributing to its prominence in the pharmaceuticals and healthcare industry.

The growing health awareness, combined with an increase in self-care and preventive health measures, has driven consumers to opt for natural and bioavailable zinc supplements. As the global trend towards preventive healthcare continues to rise, the pharmaceuticals & healthcare end-user industry is expected to maintain its dominance, further boosting the demand for zinc citrate in this sector.

Asia-Pacific Region is Fastest Growing Owing to Increasing Health Awareness

The Asia-Pacific region is the fastest-growing market for zinc citrate, driven by increasing health awareness, improving living standards, and rising demand for nutritional supplements. Countries such as China and India are witnessing a significant shift towards dietary supplementation and health products, with zinc citrate being a key ingredient in meeting these needs. The region's large population base, coupled with growing middle-class incomes, has contributed to the rapid adoption of zinc-based health solutions in both the pharmaceutical and food & beverage sectors.

Additionally, Asia-Pacific's growing focus on improving healthcare infrastructure and addressing widespread micronutrient deficiencies has further propelled the demand for zinc citrate. The rise in chronic health conditions, coupled with the region's expanding pharmaceutical and nutraceutical industries, makes Asia-Pacific the fastest-growing region in the zinc citrate market. This growth is expected to continue as health-conscious consumers in the region increasingly seek zinc-enriched products.

Competitive Landscape and Leading Companies

The zinc citrate market is highly competitive, with several leading companies shaping the landscape through product innovations, strategic partnerships, and expansions. Prominent players in the market include Sigma-Aldrich (Merck Group), Jost Chemical Co., Glanbia Nutritionals, Triveni Interchem Pvt. Ltd., and Shandong Xinhua Pharmaceutical Company. These companies are leading the market by offering high-quality zinc citrate products, catering to the growing demand from pharmaceuticals, food & beverages, and cosmetics industries.

As demand continues to rise, key players are focusing on expanding their product offerings and improving the bioavailability of zinc citrate. Strategic partnerships, acquisitions, and regional expansions are common strategies used by these companies to enhance their market share. Moreover, sustainability initiatives and regulatory compliance are becoming increasingly important in the competitive landscape, pushing companies to innovate and meet the growing global demand for functional, health-enhancing products. The competitive environment in the zinc citrate market remains dynamic, with companies continuing to adapt to shifting consumer preferences and regulatory changes

Recent Developments:

  • Sigma-Aldrich, a subsidiary of Merck Group, has announced the expansion of its zinc citrate production capabilities to meet the rising demand in the dietary supplement industry.
  • NutraScience Labs introduced a new line of dietary supplements featuring zinc citrate as a key ingredient, aimed at supporting immune health.
  • Glanbia Nutritionals has acquired a leading zinc citrate manufacturer to strengthen its portfolio of health and wellness products.
  • Triveni Interchem Pvt. Ltd. has entered a partnership with a major cosmetics company to supply zinc citrate for use in personal care products.
  • Shenzhen Zhenyu Technology Co., Ltd. announced that it has received regulatory approval for its zinc citrate formulations, ensuring compliance for use in dietary supplements across international markets

List of Leading Companies:

  • Sigma-Aldrich (Merck Group)
  • Galvanox, LLC
  • NutraScience Labs
  • Jost Chemical Co.
  • Triveni Interchem Pvt. Ltd.
  • Shandong Xinhua Pharmaceutical Company
  • Shenzhen Zhenyu Technology Co., Ltd.
  • Glanbia Nutritionals
  • BASF SE
  • Zinc Oxide LLC
  • Ferro Chemie Pvt Ltd
  • Acme-Hardesty Co.
  • Aarti Industries Ltd.
  • Vital Nutrients
  • Yunnan Tin Company Limited

Report Scope:

Report Features

Description

Market Size (2023)

USD 1.7 Billion

Forecasted Value (2030)

USD 3.6 Billion

CAGR (2024 – 2030)

11.1%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

 

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Major Companies

Zinc Citrate Market By Product Type (Zinc Citrate Dihydrate, Zinc Citrate Anhydrous), By Application (Pharmaceuticals, Food & Beverages, Cosmetics & Personal Care, Animal Feed, Other Applications), By End-User Industry (Pharmaceuticals & Healthcare, Food & Beverages, Cosmetics & Personal Care, Animal Feed & Veterinary)

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Zinc Citrate Market, by Product Type (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Zinc Citrate Dihydrate

   4.2. Zinc Citrate Anhydrous

   4.3. Others

5. Zinc Citrate Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Pharmaceuticals

   5.2. Food & Beverages

   5.3. Cosmetics & Personal Care

   5.4. Animal Feed

   5.5. Other Applications

6. Zinc Citrate Market, by End-User Industry (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Pharmaceuticals & Healthcare

   6.2. Food & Beverages

   6.3. Cosmetics & Personal Care

   6.4. Animal Feed & Veterinary

   6.5. Others

7. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Regional Overview

   7.2. North America

      7.2.1. Regional Trends & Growth Drivers

      7.2.2. Barriers & Challenges

      7.2.3. Opportunities

      7.2.4. Factor Impact Analysis

      7.2.5. Technology Trends

      7.2.6. North America Zinc Citrate Market, by Product Type

      7.2.7. North America Zinc Citrate Market, by Application

      7.2.8. North America Zinc Citrate Market, by End-User Industry

      7.2.9. By Country

         7.2.9.1. US

               7.2.9.1.1. US Zinc Citrate Market, by Product Type

               7.2.9.1.2. US Zinc Citrate Market, by Application

               7.2.9.1.3. US Zinc Citrate Market, by End-User Industry

         7.2.9.2. Canada

         7.2.9.3. Mexico

    *Similar segmentation will be provided for each region and country

   7.3. Europe

   7.4. Asia-Pacific

   7.5. Latin America

   7.6. Middle East & Africa

8. Competitive Landscape

   8.1. Overview of the Key Players

   8.2. Competitive Ecosystem

      8.2.1. Level of Fragmentation

      8.2.2. Market Consolidation

      8.2.3. Product Innovation

   8.3. Company Share Analysis

   8.4. Company Benchmarking Matrix

      8.4.1. Strategic Overview

      8.4.2. Product Innovations

   8.5. Start-up Ecosystem

   8.6. Strategic Competitive Insights/ Customer Imperatives

   8.7. ESG Matrix/ Sustainability Matrix

   8.8. Manufacturing Network

      8.8.1. Locations

      8.8.2. Supply Chain and Logistics

      8.8.3. Product Flexibility/Customization

      8.8.4. Digital Transformation and Connectivity

      8.8.5. Environmental and Regulatory Compliance

   8.9. Technology Readiness Level Matrix

   8.10. Technology Maturity Curve

   8.11. Buying Criteria

9. Company Profiles

   9.1. Sigma-Aldrich (Merck Group)

      9.1.1. Company Overview

      9.1.2. Company Financials

      9.1.3. Product/Service Portfolio

      9.1.4. Recent Developments

      9.1.5. IMR Analysis

    *Similar information will be provided for other companies 

   9.2. Galvanox, LLC

   9.3. NutraScience Labs

   9.4. Jost Chemical Co.

   9.5. Triveni Interchem Pvt. Ltd.

   9.6. Shandong Xinhua Pharmaceutical Company

   9.7. Shenzhen Zhenyu Technology Co., Ltd.

   9.8. Glanbia Nutritionals

   9.9. BASF SE

   9.10. Zinc Oxide LLC

   9.11. Ferro Chemie Pvt Ltd

   9.12. Acme-Hardesty Co.

   9.13. Aarti Industries Ltd.

   9.14. Vital Nutrients

   9.15. Yunnan Tin Company Limited

10. Appendix

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A comprehensive market research approach was employed to gather and analyze data on the Zinc Citrate Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Zinc Citrate Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach -

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Zinc Citrate Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down -

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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