Global Zinc Acetate Market Size, Share & Trends Analysis Report By Form (Dihydrate, and Anhydrous), By Application (Dietary & Medicine, Analytical Reagent, Wood Preservative, Chemical, and Others), By Regional Outlook and Forecast, 2023 - 2030

Global Zinc Acetate Market Size, Share & Trends Analysis Report By Form (Dihydrate, and Anhydrous), By Application (Dietary & Medicine, Analytical Reagent, Wood Preservative, Chemical, and Others), By Regional Outlook and Forecast, 2023 - 2030

The Global Zinc Acetate Market size is expected to reach $212.2 million by 2030, rising at a market growth of 5.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 66,975.27 Tonnes, experiencing a growth of 4.7% (2019-2022).

North America's food and beverage industry has shown a growing interest in fortifying products with essential nutrients, including zinc. Therefore, the North America segment captured $36.4 Million revenue in the market in 2022. It may find applications in nutritional fortification, addressing consumer preferences for healthier and functional food options. Thus, these factors will assist in the expansion of the segment.

Zinc is an indispensable micronutrient that is critical to immune system support. It participates in numerous immune processes, such as activating and developing immune cells. The importance of zinc in wound healing and tissue repair processes is well-documented. It is involved in the biosynthesis of proteins and DNA, indispensable for restoring impaired tissues. Zinc functions as an antioxidant, aiding in the body's defense against oxidative stress. This property can potentially contribute to preventing numerous diseases and benefit overall health. Furthermore, zinc supplements are frequently employed to alleviate the intensity and duration of common cold symptoms. Additionally, this is a source of the acetate ligand, which can act as a catalyst in organic synthesis reactions. Its ability to facilitate specific reactions enhances the efficiency of the synthesis process. This is employed in cross-coupling reactions, where it helps link different organic molecules together. This is particularly relevant in the synthesis of complex organic compounds. It can act as an initiator in polymerization reactions, contributing to the production of various polymers with specific properties and characteristics. In addition, it is utilized in the pharmaceutical industry to synthesize intermediates for drug manufacturing. These aspects will drive the expansion of the market.

However, it is derived from zinc, and any price fluctuations directly influence the raw material costs for these manufacturers. Increased zinc prices lead to higher production costs for zinc acetate, potentially affecting profit margins for manufacturers. The volatility in zinc prices can result in unpredictable production expenses for manufacturers of these. Manufacturers may face cost estimation and budgeting challenges, particularly if zinc prices experience sudden and significant changes. Additionally, fluctuations in zinc prices may influence the pricing strategies these producers adopt. Manufacturers may adjust the selling prices of these products in response to changes in zinc prices to maintain competitiveness and address cost considerations. Continuous or significant increases in zinc prices can squeeze profit margins for these manufacturers. Hence, these factors can restrain its demand.

By Form Analysis

Based on form, the market is segmented into dihydrate and anhydrous. In 2022, the anhydrous segment garnered a significant revenue share in the market. Anhydrous zinc acetate is a compound without water molecules. This form is often valued for its stability and high purity compared to its hydrated counterparts. Industries that require precise formulations may prefer the anhydrous form for its consistent chemical composition. Thus, owing to these aspects, the segment will witness increased demand in the coming years.

By Application Analysis

On the basis of application, the market is divided into dietary & medicine, analytical reagent, wood preservative, chemical, and others. The dietary and medicine segment recorded the maximum revenue share in the market in 2022. The immune-boosting properties of zinc have been well-recognized. Zinc acetate, a form of zinc with high bioavailability, has been sought for its potential in supporting immune system function. The integration of this into functional foods and beverages has been a growing trend. Food manufacturers have been fortifying products with essential nutrients, including zinc, to meet consumer demands for healthier and functional food options. Thus, the segment will expand rapidly in the coming years.

By Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured the highest revenue share in the market in 2022. The Asia-Pacific region has been a focal point for urbanization, industrialization, and economic expansion. The economy's advancement generates increased demand for pharmaceuticals, dietary additives, and industrial compounds like these. As a result of these factors, the segment will consequently experience substantial future growth.

List of Key Companies Profiled

• Merck KGaA
• Thermo Fisher Scientific, Inc.
• Jost Chemical Co.
• FENGCHEN GROUP CO., LTD.
• Fujifilm Holdings Corporation
• Celtic Chemicals Ltd.
• TIB Chemicals AG
• Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
• Kerry Group PLC
• GFS Chemicals, Inc.

Global Zinc Acetate Market Report Segmentation

By Form (Volume, Tonnes, USD Million, 2019-2030)

• Dihydrate
• Anhydrous

By Application (Volume, Tonnes, USD Million, 2019-2030)

• Dietary & Medicine
• Analytical Reagent
• Wood Preservative
• Chemical
• Others

By Geography (Volume, Tonnes, USD Million, 2019-2030)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA