Global Zinc Citrate Market, 2024 Dublin, May 01
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Dublin, May 01, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Zinc Citrate Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2013 to 2024" report to their offering. The Global Zinc Citrate Market is expected to reach US$ 227.6 Mn by 2024, expanding at a CAGR of 5.7% during the forecast period 2016 to 2024. Zinc citrate market is expected to witness significant growth with increasing application for the zinc citrate in various end use industries such as food, beverages, personal care, industrial application, healthcare, and food & pet food. Zinc citrate is mainly used in healthcare and personal care industry. It is widely used in dental care products such as toothpastes, mouth washes and chewing gums due to its antimicrobial and anti-inflammatory effects and its ability to reduce or inhibit the formation of dental plaque and tartar. In pharmaceutical industry, zinc citrate is used in medicines for treating common colds, improving immune system and several other applications. Zinc citrate is increasingly used in food supplements, functional foods and beverages. It is also used in the agricultural industry as soil fertilizer and micronutrient supplier to plants. Global zinc citrate market is segmented on the basis of application and geography. By applications, in 2015 healthcare segment was the most dominant segment accounting for over 29.41% revenue share in global zinc citrate market. Growing use of zinc citrate in toothpaste, mouthwashes, chewing gums and medicines is anticipated to drive the growth of the segment during the forecast period. Personal care application is anticipated to be the fastest growing application among all applications in global zinc citrate market. Growing demand for personal care products owing to growing consumer concerns over beauty and care is projected to drive the demand for zinc citrate over the forecast period.
On the basis of geography, Asia Pacific was estimated to be the largest market for zinc citrate in 2015. Growth in population along with growing health concerns among consumers fueling the demand for medical and healthcare products. Further, high demand for food and personal products in the regions is anticipated to drive the demand for the zinc citrate in the region. The region is also anticipated to be the fastest growing region during the forecast period. Followed by it, North America is anticipated to be the second largest region in global zinc citrate market. The region is anticipated to witness significant growth over the forecast period. Major players in global zinc citrate market are investing in expansion of production capacity along with high focus on research and development to lower the production cost. To increase the market penetration companies are focusing in merger and acquisition. Overall, global zinc citrate market is anticipated to register significant growth over the forecast period (2016-2024).
Market Dynamics Market Drivers
- Increasing Demand from End-use Applications
- Widening Applications of Zinc Citrate
Challenges
- Increasing Threat from Substitution from Other Zinc Sources and Side Effects of Zinc Citrate
Future Prospects
- Rising Demand from Emerging Countries
Key Trends :
- Merger & Acquisition
- Production capacity expansion
- Joint ventures and agreements
- Investment in research and development
Key Topics Covered: Chapter 1 Preface
Chapter 2 Executive Summary Chapter 3 Global Zinc Citrate Market Dynamics 3.1 Overview Chapter 4 Global Zinc Citrate Market, by Application Chapter 5 Global Zinc Citrate Market, By Geography Chapter 6 Company Profiles
- Advanced Compounds International
- Ava Chemicals Private Ltd.
- Gadot Biochemical Industries Ltd.
- Jost Chemical Co.
- Jungbunzlauer
- KIC Chemicals Inc.
- Kronox Lab Sciences Pvt. Ltd.
- Lianyungang Nuoxin Food Ingredient Co., Ltd.
- Noah Technologies Corporation
- Tate & Lyle
- TIB Chemicals Industries AG
- Salvi Chemicals Industries Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/jk...lobal_zinc
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