Sodium Citrate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Grade (Food, Pharmaceutical, and Industrial), Application (Food and Beverages, Pharmaceuticals, Cosmetics, Soaps and Detergents, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Sodium Citrate Market
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >3 %
Sodium Citrate Market Report

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Market Overview

The global sodium citrate market is estimated to witness a healthy growth, at an estimated CAGR of over 3%, over the forecast period. The major factor driving the growth of the market studied is growing consumption of packed food & beverages.

  • Health issues associated with long-term usage is likely to hinder the markets growth.
  • Increasing demand from the medical industry is also likely to augment the market growth in the coming years.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.

Scope of the report

The global sodium citrate market report includes:

Grade
Food
Pharmaceutical
Industrial
Application
Food and Beverages
Pharmaceuticals
Cosmetics
Soaps and Detergents
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Food and Beverages Segment to Dominate the Market

  • Sodium citrate is primarily used as a food additive to add flavor to or preserve the food. In certain types of club soda, sodium citrate is used as a flavoring agent.
  • In addition, sodium citrate is used as a flavoring agent in many ready-to-drink beverages, gelatin mix, ice creams, processed cheese, and sweets, among many others. Moreover, sodium citrate is used in, both, hydrous & anhydrous form.
  • Furthermore, sodium citrate is also used in combination with citric acid as a buffering agent to maintain pH in many food & beverage applications.
  • The food & beverage industry, especially in Asia-Pacific and GCC (primarily in UAE), is a lucrative market. The demand for food & beverage products is increasing rapidly in the UAE, and this trend has been anticipated to continue the next few years.
  • Owing to all these factors, the market for sodium citrate is likely to grow across the world during the forecast period.
Sodium Citrate Market Forecast

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market owing to the increasing demand form the food & beverage, medical, and personal care industries in the countries such as China and india.
  • China, one of the largest pharmaceutical markets in the world, is not yet mature. The combined forces of economic and demographic development, government stimulus, enhanced health awareness among the public, market consolidation, and improved R&D capabilities may help the country in maturing into a sophisticated market within the next decade.
  • At present, penetration of personal care products in India is comparatively lower when compared to developed or even other developing economies. However, improving economic environment and increasing purchasing power of the Indian population is expected to increase the adoption of personal care products in the country.
  • According to a report published by the Ministry of Economy and Industry, the beauty and personal care (BPC) industry in the country is expected to reach more than USD 10 billion by 2021, at an estimated growth rate of 5%-6% annually. The personal care and cosmetics sector in India is expected to register continuous growth, with increasing shelf space in retail stores and boutiques in India.
  • Due to all such factors, the market for sodium citrate in the region is expected to have a steady growth during the forecast period.
 Sodium Citrate Industry

Competitive Landscape

The sodium citrate market is partially consolidated in nature. Some of the major players in the market include Pan Chem Corporation, Jungbunzlauer Suisse AG, Cargill, Incorporated, ADM, and ATPGroup, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Consumption of Packed Food & Beverages

      2. 4.1.2 Increasing Demand from the Medical Industry

    2. 4.2 Restraints

      1. 4.2.1 Health Issues Associated with Long-term Usage

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Price Trend Analysis

    6. 4.6 Trade Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Grade

      1. 5.1.1 Food

      2. 5.1.2 Pharmaceutical

      3. 5.1.3 Industrial

    2. 5.2 Application

      1. 5.2.1 Food and Beverages

      2. 5.2.2 Pharmaceuticals

      3. 5.2.3 Cosmetics

      4. 5.2.4 Soaps and Detergents

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ADM

      2. 6.4.2 ATPGroup

      3. 6.4.3 Cargill, Incorporated

      4. 6.4.4 COFCO

      5. 6.4.5 FBC Industries

      6. 6.4.6 Foodchem International Corporation

      7. 6.4.7 FUSO CHEMICAL CO., LTD.

      8. 6.4.8 Gadot Biochemical Industries LTD.

      9. 6.4.9 HUANGSHI XINGHUA BIOCHEMICAL CO.LTD.

      10. 6.4.10 HUNAN DONGTING CITRIC ACID CHEMICALS CO., LTD.

      11. 6.4.11 Jungbunzlauer Suisse AG

      12. 6.4.12 Juxian Hongde Citric Acid Co., Ltd

      13. 6.4.13 Lianyungang Mupro Food

      14. 6.4.14 natural biological group

      15. 6.4.15 Pan Chem Corporation

      16. 6.4.16 S.A. Citrique Belge N.V.

      17. 6.4.17 Tate & Lyle

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Sodium Citrate Market market is studied from 2016 - 2026.

The Sodium Citrate Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Pan Chem Corporation, Jungbunzlauer Suisse AG, Cargill, Incorporated, ADM, ATPGroup are the major companies operating in Sodium Citrate Market.

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