Market Trends of Zinc Citrate Industry
This section covers the major market trends shaping the Zinc Citrate Market according to our research experts:
Health Care Sector to Dominate the Market
- Health care sector stands to be the dominating segment owing to the widespread consumption of zinc citrate in pharmaceutical drugs and dental care.
- Owing to antimicrobial, anti-inflammatory and ability to inhibit the formation of dental plaque and tartar, zinc citrate is widely used in dental products such as toothpaste, mouthwashes, and chewing gums.
- Deficiency of zinc leads to several issues including skin infections, respiratory disorders, delay in wound healing and various dental issues among several others. Therefore, high growth in pharmaceutical industry is a major factor fuelling growth for zinc citrate market.
- In the pharmaceutical industry, zinc citrate is used in medicines for treating common colds, improving the immune system, canker sores, common cold, skin injuries, sore throat, zits, tinnitus, and several other applications. The growing pharmaceutical industry and remedial properties of zinc citrate are anticipated to help the overall market growth.
- Asia-Pacific countries like China, India and Singapore have been registering the strong growth in utilization of zinc citrate in healthcare industry; the requirement for zinc citrate market is projected to increase from this region in the forecast period.
Asia-Pacific Region to Dominate the Market
Asia-Pacific region stands to be the largest and fastest growing market for zinc citrate. Factors, such as extensive utilization in healthcare, personal care, and the food and beverage sector are expected to drive the market growth.
In the personal care industry, zinc citrate acts as an anti-bacterial agent thus finds application into various products such as deodorants, soap & bath products, hair care products, skincare products, and oral care products.
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.
Government initiatives to give minimal cost healthcare services to its populace, increasing instances of chronic & acute diseases, and impelling interest for pharmaceutical products are anticipated to drive the market. In the Asia-Pacific region, the China's healthcare industry has been witnessing a major growth, registering a growth rate of more than 10%, annually.
According to IBEF, the healthcare market in India is expected to reach USD 372 billion by 2022, due to the rise in incomes, greater health awareness, lifestyle diseases, and increasing access to insurance. There are over 10,500 manufacturing units and 3,000 pharmaceutical companies in India. Over 60,000 generic brands exist across 60 therapeutic categories. India accounts for 20% of global exports in generics, making it the largest provider of generic medicines globally. Indian vaccines are exported to 150 countries.
Hence, all such market trends are expected to drive the demand for zinc citrate market in the region during the forecast period.fastest-growing
