Zinc Supplement Market

Global Zinc Supplement Market Size (2024 to 2029)

As per our analysis report, the global Zinc Supplement Market is expected to reach USD 9,302.15 million by 2029 from USD 5936.04 million in 2024, growing at a compound annual growth rate (CAGR) of 9.40 % during the forecast timeline.

Zinc is essential for growth, DNA synthesis, and immune function. It naturally occurs in plant and animal foods, while fortified products like breakfast cereals contain synthetic zinc. Supplements in the form of capsules, tablets, and lozenges with zinc support immune function and are used in natural cold remedies. For instance, a 12-week study involving 60 people with diabetic foot ulcers revealed that those treated with a daily dose of 50 mg of zinc experienced notable reductions in ulcer size compared to the placebo group. As people become more health-conscious and fitness-aware, there is a growing interest in nutraceuticals, likely leading to an increase in the demand for nutrient supplements. This trend is expected to bolster the nutrient supplements market.

Global Zinc Supplement Market Drivers:

Rise in demand for Zinc supplements to improve body weight management. Zinc supplementation offers notable benefits for individuals with obesity, as it positively affects body weight management, inflammatory biomarkers, and insulin resistance. The global prevalence of overweight and obesity is rapidly increasing, impacting over one-third of the world's population. People with obesity often adopt restricted calorie diets (RCD) as a fundamental approach to combat obesity. However, such diets may lead to deficiencies in essential micronutrients. A recent meta-analysis of 23 studies has demonstrated that people with obesity tend to have lower serum zinc concentrations than those without obesity. As a result of these findings and the increasing awareness of the role of zinc in body weight management, the demand for zinc supplements is expected to continue rising in the coming years.

Increasing demand for skin, hair, and nails related issues. Mild zinc deficiency can lead to various skin issues, such as dry skin, acne, and impaired wound healing. Acne is a prevalent skin condition affecting approximately 9.4% of the global population. Studies have shown that individuals with acne tend to have lower zinc levels. Additionally, zinc, in combination with 2% undecylenic acid, is utilized for the treatment of dermatophytoses, a group of skin, hair, and nail disorders caused by specific fungi. For instance, a randomized control trial involving 151 patients with tinea pedis (a type of dermatophytosis) examined the efficacy of a powder containing 20% zinc-undecylenate, 2% undecylenic acid, and a placebo powder. Considering these findings and the potential benefits of zinc in addressing derma-related issues, zinc supplements are expected to play a crucial role in reducing symptoms and driving market growth.

Growing adoption of plant-based zinc supplements for treating zinc deficiency. Plant-based products are in high demand these days since most consumers are adopting a vegan lifestyle, and there is also a change in consumer preference for plant-based sources due to their nutritional values, low calories, and inclination towards clean eating. On the other hand, rising health concerns related to lactose tolerance have also contributed to the growth of plant-based supplements.

Global Zinc Supplement Market Restraints:

Side effects associated with zinc. The market growth rate can be hampered on the basis of health-related factors and production, supply chain, and storage. Oral zinc supplementation can lead to various side effects, including indigestion, diarrhea, headache, etc. High-dose use of oral zinc can also result in copper deficiency, particularly for those with already low copper levels, and may lead to neurological issues, such as numbness and weakness in the extremities. To avoid adverse effects, it's important to be mindful of the recommended daily doses of zinc. Despite the potential benefits of zinc supplements, the growth of the zinc supplement market may be hindered by maintenance costs. These supplements need extra care while transporting, and storage needs to be in optimum condition to prevent any spillage and spoilage. As a result, this could present challenges for the zinc supplement market producers during the forecast period.

Impact of COVID-19 on the Zinc Supplement Market:

The global COVID-19 pandemic had a significant impact on businesses worldwide, disrupting their operations across various industries. To control the rapid spread of the disease, numerous countries implemented lockdown measures, resulting in the temporary closure of manufacturing facilities and a halt in production.

The market for zinc supplements had a positive impact. It was believed that zinc supplement reduces the risk of coronavirus infections, presenting significant business opportunities during the pandemic. Zinc's ability to block tissue breakdown and pathogen entry, along with its antiviral properties, has led to a high demand for zinc supplements as part of COVID-19 treatment options. The cost-effectiveness and global availability have further boosted the demand. Doctors are recommending zinc supplements for prevention and treatment during the pandemic, resulting in new revenue streams for manufacturers due to their positive immunological response.

REPORT COVERAGE:

This research report on the global zinc supplement market has been segmented and sub-segmented based on type, product type, application and region.

Global Zinc Supplement Market - By Type:

• Zinc Gluconate
• Zinc Acetate
• Zinc Sulfate
• Zinc Picolinate
• Zinc Orotate
• Zinc Citrate

Based on type, zinc acetate has dominated the market in 2022 and is likely to lead the zinc supplement market in the forecasted period. For instance, the best zinc supplements, like TESTOGEN, BioTrust, and many more, contain a major amount of zinc acetate as an ingredient. Zinc acetate is a white crystalline salt that is soluble in water and alcohol. Regular intake of zinc acetate offers various health benefits, such as enhancing immune system function, reducing the risk of certain cancers, and alleviating menopause-related symptoms like hot flashes and night sweats.

Furthermore, zinc citrate is the second most in-demand form of zinc and is commonly available as a dietary supplement or chewable tablet. Its benefits in daily consumption and quick dissolution in fluids like digestive juices enable efficient absorption into cells, making it effective at various intake levels.

Global Zinc Supplement Market - By Product Type

• Capsule
• Tablet
• Liquid

Based on product type, the capsule type will be the most consumed form of zinc supplement in 2022 and is expected to be the dominant segment type in the projected period. Some of the high-demand zinc capsule brands are Thorne (30mg), Vitamin CODE (30mg), Care/of (15mg), etc. This is followed by the tablet form which is almost in equal demand, for acne treatment the most consuming zinc supplement brand is Puritan’s Pride Zinc for Acne (25mg).

Global Zinc Supplement Market - By Application:

• Supermarkets/Hypermarkets
• Convenience Stores
• Other

Based on application, supermarkets or hypermarkets will going to hold most of the market share. Supermarkets are larger in size than convenience stores and contain various kinds of items, from food & beverages and clothing to pharmacies and nutraceutical-related items. Thus, it is expected to dominate in a projected period as well.

Additionally, convenience stores have also started keeping nutraceutical, health, and wellness products, and thus, are expected to grow at a substantial rate during the forecasted period.

Global Zinc Supplement Market - By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Based on region, the zinc supplement market in Asia-Pacific holds a dominant position based on revenue and market share. This is mainly due to the presence of major emerging contract manufacturing hubs and companies in the region. The Asia-Pacific region is projected to witness large revenue growth, driven by demographic and lifestyle trends, as well as the increasing adoption of technological advancements in manufacturing products.

In North America, the market is expected to experience a moderate growth rate, influenced by changing lifestyles and consumer preferences focusing on health and wellness products.

Europe also commands a significant share of the overall industry as of 2022 and is anticipated to exhibit a healthy CAGR in the coming years. Countries such as the UK and Germany have contributed significantly to the region's market share.

The rest of the world is also expected to experience considerable growth, with a noteworthy CAGR in the forecasted period.

KEY MARKET PLAYERS:

Companies playing a significant role in the global zinc supplement market include Nutiva Inc (U.S.), MusclePharm (U.S.), Nature's Bounty (U.S.), and Glanbia plc. (Ireland), Now Health International. (U.S.), The Simply Good Food Co (U.S.), Iovate Health Sciences International Inc. (Canada), Vee Excel Drugs And Pharmaceuticals Private Limited (India), CytoSport, Inc. (U.S.), True Nutrition (U.S.), Kerry Group Plc (Ireland), Orgain Inc. (U.S.), Reliance Private Label Supplements (U.S.), Herbalife Nutrition, Inc. (U.S.), Danone SA (France), GNC Holdings, LLC. (U.S.)

RECENT HAPPENINGS IN THE MARKET:

• In May 2023, Nestlé Health Science Company's Nature's Bounty introduced two additions to its Optimal Solutions line of dietary supplements. The Hair Growth and Metabolism Booster supplements offer women clinically-supported ingredients to support their hair growth and weight goals. These products are currently accessible at CVS and Amazon.com, and they will be available at Walmart in the near future. Additionally, the Hair Growth supplement can also be found at Walgreens.
• In April 2022, Atkins, a nutritional snacking brand under The Simply Good Foods Company (Nasdaq: SMPL), introduced ready-to-drink shakes packaged in Tetra Pak cartons that utilize 78 percent renewable, plant-based materials. While Tetra Pak introduced plant-based polymer layers for aseptic packaging in 2016, it has now extended this offering to its Denton, Texas, factory. Remarkably, Atkins is the first brand to launch this eco-friendly carton format in the United States.