Market Size of Sodium Citrate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sodium Citrate Market Analysis
The global sodium citrate market is estimated to register healthy growth, at an estimated CAGR of over 3%, over the forecast period.
COVID-19 negatively impacted the market in 2020. Several countries worldwide went into lockdown to curb the virus spreading due to the pandemic scenarios. However, the condition recovered in 2021, benefiting the market growth studied over the forecast period.
- The primary factor driving the studied market's growth is the growing consumption of packed food & beverages.
- Health issues associated with long-term usage will likely hinder the market's 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 the highest CAGR during the forecast period.
