Market Overview The Sodium Citrate market is expected to experience a value-based growth rate of 4.7% from 2019, reaching USD 1.05 Billion by 2027. Sodium Citrate, also known as trisodium citrate, is an odorless hygroscopic crystalline sodium salt of citric acid with alkalinizing properties. It is produced by completely neutralizing citric acid with high-purity sodium carbonate or sodium bicarbonate, followed by crystallization.
Sodium Citrate, identified by its unique E-Number, E331, is acknowledged as a safe food additive by both the European Union (EU) and the European Free Trade Association (EFTA). It adheres to the standards outlined for food grade and pharmaceutical use in the Food Chemicals Codex and the United States Pharmacopeia.
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The global market is witnessing substantial growth due to increased demand for sodium citrate in food processing and kidney-related health issues. Rising cases of kidney stone diseases and urinary disorders have driven the demand for sodium citrate. The expansion of the food and beverage industry has directly contributed to the growth of Sodium Citrate, which is utilized for antioxidant preservation, flavor enhancement, and buffering, ultimately extending the shelf life of food items. The growing expenditure on personal medication is also expected to play a significant role in market growth.
In 2018, Asia Pacific dominated the market with a 31.9% share, driven by demand in food and beverage applications and significant growth in healthcare industries. China and India are key contributors to the Asia Pacific region.
Key Report Highlights
Regional and country-specific statistics for the global sodium citrate market from 2016-2027, with 2018 as the base year.
Estimation of market size with historical and forecasted trend analysis.
Analysis of alternative types, regulatory frameworks, and regional developments.
Demand and Supply GAP Analysis, pricing strategies, and market share analysis of top industry players.
Strategic recommendations for new entrants, market trends, and competitive landscape mapping.
Company profiling with detailed strategies, financials, and recent developments.
Sodium Citrate Market Trends The market is driven by growth in industries requiring substantial sodium citrate usage in manufacturing. Additionally, sodium citrate plays a crucial role in kidney-related diseases, exhibiting alkalizing and anti-urolithic effects. The Asia Pacific region, with its rapid industrialization, urbanization, and large population, leads both in chemical manufacturing and consumer demand for food and beverage products.
However, potential side effects of sodium citrate, including nausea and diarrhea, may pose challenges to market growth. The medical use of sodium citrate during pregnancy is subject to supervision.
The Asia Pacific region is expected to maintain its market leadership with a CAGR of 6.8% throughout the forecast period, driven by advancements in the food and beverage, consumer goods, and healthcare industries in China and India.
Key Companies in the Market Prominent companies in the sodium citrate market include BASF SE, The Archer Daniels Midland Company, Pan Chem Corporation, Gadot Biochemical Industries Ltd., Cargill, Incorporated, ATP Group, Tate & Lyle PLC, S.A. Citrique Belge N.V., Jungbunzlauer Suisse AG, and Huangshi Xinghua Biochemical Co Ltd.
Market Figures
The global Sodium Citrate market valuation was USD 724.3 million in 2018 and is projected to reach USD 1.05 Billion by 2027.
In the end-use verticals segment, the medical and pharmaceutical sub-segment is predicted to grow at a CAGR of 5.1%.
The online retailing sub-segment is forecasted to achieve the highest growth of 6.9% due to the global shift towards online selling platforms.
The buffering and sequestering agent sub-segment is expected to grow at a CAGR of 3.5%.
The diuretic sub-segment is projected to achieve a CAGR of 5.6%, capturing 28.1% market share by 2027.
Market Segmentation
Distribution Channel Outlook: Online Retailing, Offline Retailing
Application Outlook: Acidulant, Diuretic, Buffering & Sequestering Agent, Other Applications
End-Use Verticals Outlook: Food & Beverage Industry, Medical & Pharmaceutical, Personal Care Products, Others
Regional Outlook: North America, Europe, Asia Pacific, MEA, Latin America
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