The Business Research Company’s Zinc Citrate Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Zinc Citrate Global Market Report 2023 evaluates zinc citrate market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global zinc citrate market size is expected to grow from $1.77 billion in 2022 to $1.87 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the zinc citrate is expected to grow to $2.34 billion in 2027 at a CAGR of 5.7%.
Increasing demand for the pharmaceutical industry is expected to propel the growth of the zinc citrate market going forward. The pharmaceutical industry refers to the industry that involves the development, production, and discovery of medical drugs. Zinc citrate has antimicrobial and anti-inflammatory effects and is beneficial in dental care products such as mouthwashes, chewing gum, and toothpaste. It also reduces the common cold; as a result, it is used as a component in pharmaceutical drugs. For instance, in August 2021, according to the Office for National Statistics, a UK-based government department, the manufacture of pharmaceuticals increased by US$1.12 billion (8%) to a total of US$15.25 billion in 2020. Therefore, increasing demand for the pharmaceutical industry drives the zinc citrate market.
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The zinc citrate market segments in the report are:
1) By Type: Dihydrate, Trihydrate
2) By Form: Liquid, Powder
3) By Application: Personal Care, Health Care, Food and Beverage, Agriculture, Other Application
The table of contents in TBRC’s zinc citrate market report includes:
- Executive Summary
- Zinc Citrate Market Characteristics
- Zinc Citrate Market Trends And Strategies
- Zinc Citrate Market – Macro Economic Scenario
- Zinc Citrate Market Size And Growth
- Zinc Citrate Market Segmentation
- Zinc Citrate Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Zinc Citrate Market
- Zinc Citrate Market Future Outlook and Potential Analysis
- Appendix
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