This report titled “Zinc Citrate Market - Growth, Future Prospects, and Competitive Analysis, 2016 – 2024” offers strategic insights into the trends in zinc citrate market along with the market size and forecast for the duration 2014 to 2024. The said research study incorporates in-depth analysis of multiple market segments based on applications and geographical distribution.
The global zinc citrate market is becoming increasingly competitive with growing number of mergers and collaborations between market players to reach full capabilities and gain international footprint. In addition, several players are also focused on developing their niche in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, MEA and Asia Pacific.
Based on application, the global zinc citrate market is categorized into Food, Beverages, Personal Care, Industrial Applications, Healthcare and Feed & Pet Food. In addition, zinc citrate manufacturing companies, distributors and academic organizations form the major client types for zinc citrate market. Market size (Kilo Tons) (US$ Mn) and forecast for all the considered segmentation is presented in this report for the period 2013-2024 along with their respective CAGRs (%) for the forecast period 2016-2024.
Based on the application, the global zinc citrate market is segmented as follows:
Zinc citrate is used in variety of applications such as food, beverages, personal care products, industrial applications, healthcare and feed and pet food. Based on applications, the market is broadly segmented into food, beverages, personal care, industrial, healthcare and feed & pet food applications. In 2015, healthcare was the largest application segment and is projected to maintain their dominance during the forecast period. Increasing use of zinc citrate various pharmaceutical applications to address health issues such as treatment of wounds, skin infection, dental issues and other respiratory diseases are expected to drive the growth of the segment during the forecast period. Personal care segment accounted for the second largest share in global zinc citrate market and projected to be the fastest growing segment in global zinc citrate market. Increasing population, growth in disposable income, higher standard of living from various regions are among major growth drivers fueling the growth of segment during the forecast period (2016-2024).
In 2015, Asia Pacific accounted for the largest share in global zinc citrate and is projected to be the fastest growing segment during the forecast period. Increasing population, rapid growth in disposable income driving the demand for food, beverages, beauty care and medical products in the region which in turn is fueling the demand for zinc citrate in the region during the forecast period. Followed by it, North America is projected to be the second largest region in the global zinc citrate market. Continuous development in domestic economies, increasing spending habits, life quality, and changing trends in ethnicity and shift in trend towards more healthy products are among few factors drive the demand for zinc citrate in the region over the forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Zinc Citrate market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
