Global Zinc Supplement Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Type (Zinc Gluconate, Zinc Acetate, Zinc Sulfate, Zinc Picolinate, Zinc Orotate, Zinc Citrate), Product (Capsule, Tablet, Liquid), Application (Supermarkets/Hypermarkets, Convenience Stores, Other), And Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2024 To 2032

Updated On: June, 2024
ID: 14031
Pages: 150

Global Zinc Supplement Market Size (2024 to 2032)

As per our analysis report, the global Zinc Supplement Market is expected to reach USD 12.17 billion by 2032 from USD 5.93 billion 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.

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.

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

REPORT METRIC

DETAILS

Market Size Available

2023 to 2032

Base Year

2023

Forecast Period

2024 to 2032

CAGR

9.40%

Segments Covered

By Type, Product Type, Application And Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Nutiva Inc (U.S.), MusclePharm (U.S.), Nature's Bounty (U.S.), 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.)

SEGMENTAL ANALYSIS

Global Zinc Supplement Market Analysis By Type

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 Analysis By Product Type

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 Analysis By Application

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.

REGIONAL ANALYSIS

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 PLAYERS IN THE GLOBAL ZINC SUPPLEMENT MARKET

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.

DETAILED SEGMENTATION OF THE GLOBAL ZINC SUPPLEMENT MARKET INCLUDED IN THIS REPORT

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

By Type

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

By Product Type

  • Capsule
  • Tablet
  • Liquid

By Application

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Other

By Region

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

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Frequently Asked Questions

1. What are the current trends driving the zinc supplement market?

The zinc supplement market is witnessing several trends, including increasing awareness about the importance of zinc for immune health, rising adoption of preventive healthcare measures, growing interest in natural and organic supplements, and the expanding aging population seeking products for overall health and well-being.

2. What are the key factors contributing to the growth of the zinc supplement market?

Key growth drivers for the zinc supplement market include the growing awareness about the health benefits of zinc, rising incidence of zinc deficiency-related health conditions, expanding applications of zinc supplements beyond traditional healthcare to include sports nutrition and beauty products, and strategic marketing initiatives by key players to promote product uptake.

3. What are the emerging opportunities in the zinc supplement market?

Emerging opportunities in the zinc supplement market include the development of innovative formulations such as effervescent tablets, gummies, and fortified foods, expanding distribution networks to untapped markets, strategic partnerships and collaborations for product development and marketing, and leveraging digital platforms for targeted marketing and consumer engagement.

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