Global zinc citrate market size is expected to grow at an appreciable rate over 2021-2027. This is a result of the rising consumption of zinc supplements to manage blood sugar levels, shorten the duration of cold, and boost heart health. In addition, the increasing use of zinc citrate in toothpaste, mouthwash, and other dental care products to prevent gingivitis will also bolster industry expansion over the forthcoming years. Zinc refers to a mineral and a key trace element required by the body for its normal functioning. Zinc citrate is considered an organic zinc salt and represents a nutritionally functional chelate of citrate and zinc. As a food supplement, the product is capable of boosting immune health, decreasing risks of preterm birth, and supporting childhood growth, among other benefits.
Rising burden of skin diseases such as decubitus ulcers and acne is one of the key trends proliferating the overall zinc citrate market expansion over 2021-2027. Apart from wound healing, zinc has strong anti-inflammatory properties, thereby resulting in the increased usage of zinc citrate for skincare products. Escalating sales of pharmaceutical products in developing countries such as India will further assert a positive influence on the industry, as this mineral is widely used in drugs to treat common cold, lung infections, and other diseases.
With regards to application, the food and beverage segment will hold a considerable share of the zinc citrate market by 2027. This is attributable to the widespread adoption of the compound in functional foods and dietary supplements, owing to its high bioavailability and proven effects on human health. Furthermore, the anticipated surge in usage of the mineral within supplements and fortified foods can also be credited to its physiological versatility, along with relatively low costs.
Regionally, the North America zinc citrate industry is poised to exhibit a remarkable growth rate through 2027, on account of the rising prevalence of skin diseases like acne vulgaris in the U.S. According to a Medscape report, acne is considered the most common skin condition in the country, affecting over 50 million Americans per year. This, in turn, could amplify the demand for skincare products comprising zinc citrate, which is known for its anti-inflammatory properties. Additionally, the rising disposable income and the high spending on safe foods and beverages by regional consumers are also likely to fuel the consumption of zinc citrate as a food supplement.
The competitive landscape of the global zinc citrate market comprises companies such as TIB Chemicals, Global Calcium, Dr. Paul Lohmann, Gadot Biochemical Industries, Jost Chemical Company, Sucroal, Kronox Lab Sciences, Advanced Compounds International, Noah Technologies Corporation, and Jungbunzlauer Suisse AG, among others. These companies are focusing on implementing various strategies such as new product launches, acquisitions, and collaborations to reinforce their presence and gain a competitive advantage over rivals in the global market.
Disruptions in Agricultural Activities During COVID-19 May Influence Zinc Citrate Market Trends:
The ongoing coronavirus pandemic has led to disrupted harvesting activities in the agricultural sector as well as supply chains, due to the non-availability of migrant labor. Transportation problems and other restrictions further triggered the impact on the agricultural industry, which could pose a negative influence on the zinc citrate industry outlook. This is due to the fact that the mineral is widely used as a micronutrient to ensure the proper growth and development of plants.
However, the rising awareness about the potential of zinc supplements in treating viral diseases may aid the recovery of the industry in the near future. Zinc demonstrates the ability to boost antiviral activity, whether by reducing the multiplication ability of the virus or improving immune cell functions. Studies suggest that the combination of Vitamin C and zinc could also limit the severity and duration of cold symptoms, which will generate lucrative growth opportunities for the zinc citrate industry over the coming years.