Market Size of Zinc Citrate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Zinc Citrate Market Analysis
The market for zinc citrate is expected to grow at a CAGR of approximately 4% globally during the forecast period. Zinc citrate is manufactured by the neutralization of citric acid using a high purity zinc source. It is available in a white powder form and is odorless, insoluble in ethanol and is slightly soluble in water. Owing to the versatile and favorable chemical properties of zinc citrate, its application in personal care, health care and food and beverage segment is rising exponentially, consequently propelling the market growth.
However, the increasing threat from substitution from other zinc sources and side effects of zinc citrate is expected to hamper the growth of zinc citrate market during the forecast period. Moreover, the lockdown in numerous countries due to unfavorable conditions arising from the COVID-19 outbreak is also expected to hinder the market growth.
The growing usage in the agricultural industry as soil fertilizer and micronutrient suppliers are likely to deliver opportunities for the zinc citrate market over the next five years.
Asia-Pacific region dominates the market across the world with the escalating consumption of zinc citrate from countries, such as China and India.
