The Data Bridge Market Research analyses that the zinc citrate was valued at 1.23 billion in 2021 and is expected to reach the value of USD 2.19 billion by 2029, at a CAGR of 7.50% during the forecast period.
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Zinc Citrate Market Analysis and Size: -
In the forecast period, an increasing number of applications from the preventive healthcare products sector will act as a factor for the zinc citrate market. Several industry participants have been implementing strategic initiatives to gain a competitive advantage in evolving marketplaces, which has positively impacted overall business dynamics.
Zinc Citrate Market Dynamics: -
Drivers
· Deficiency of essential minerals especially in developing nations is creating market demand
The increasing growth rate for the citrates market share in the populace with supplement deficiency of essential supplements in agricultural nations is causing an expanded interest for useful food
sources and refreshments items; this has increased the interest for zinc citrates in the food varieties and drinks industry. Furthermore, the growing consumption of meat and meat products has necessitated the development of more nutritious feed products, which has had a significant impact on the market development of zinc citrates.
· Growing from demand the personal care and nutraceutical industry
Growing demand for zinc citrates in personal care and cosmetic products is expected to drive global zinc citrates market growth over the forecast period. Companies focusing on developing and selling manganese citrate that can cure the deficiency among consumers. Furthermore, various health benefits and effectiveness associated with citrates consumption are expected to drive demand for citrates in the pharmaceutical and nutraceutical industries, driving zinc citrates market growth over the forecast period.
Opportunities
Increasing international players' market penetration in developing regions in order to increase customer base in the region is expected to create lucrative opportunities for players operating in the target market.
Restraints
Increasing research and development costs, as well as volatility in raw material prices, are acting as market restraints for zinc citrate growth during the forecast period. The lack of public awareness about the benefits of zinc citrate in developing economies will be the most difficult challenge to market growth.
Global Zinc Citrate Market Scope
The zinc citrate market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
· Dihydrate Type
· Trihydrate Type
· Others
Application
· Dental Care
· Pharmaceutical
· Food and Beverage
· Others
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Zinc Citrate Market Regional Analysis/Insights: -
The zinc citrate market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the zinc citrate market report are
· U.S., Canada and Mexico in North America,
· Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
· China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC),
· Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East
· Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
In terms of revenue contribution, the North American market dominates the global zinc citrates market when compared to markets in other regions. Europe is the second-largest revenue contributor to the global zinc citrates market, trailed by markets in Asia Pacific, Latin America, and the Middle East and Africa. Over the next ten years, the Asia Pacific market is expected to grow at a faster rate in terms of revenue. The expanding pharmaceutical and nutraceutical industries are expected to drive the global zinc citrates market over the forecast period.
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MAJOR TOC OF THE REPORT:-
Ø Chapter One: Introduction
Ø Chapter Two: Market Analysis and Size
Ø Chapter Three Market Dynamics
Ø Chapter Four: Market Scope
Ø Chapter Five: Market Regional Analysis/Insights
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