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The Global Sodium Citrate Market was Valued at US$ 1.24 Bn in 2019 and it is Expected to Reach More than US$ 1.77 Bn by 2028, Likely to Grow with the CAGR of 4.0 % During the Forecast Period.
Sodium Citrate is a white crystalline powder, can refer to any salt of citric acid including trisodium citrate, disodium citrate, and monosodium citrate. It is used in cosmetic products to adjust their acidity level and in soft drinks as an anticoagulant. The global sodium citrate has sown moderate growth since last few years and anticipated to gain momentum during the forecast period. Some of the factors fuelling the growth of global market include huge demand from food & beverages industries, wide range of applications, and benefits of sodium citrate.
Rising Demand from Pharmaceutical and Food & Beverages Industry is anticipated to propel the Market Growth
Sodium citrate is majorly being used in food & beverages industry. This is considered as an important chemical when it comes to improves shelf life and taste of packaged food products. Sodium citrate controls the acidity level of food items and also used in several soft-drinks to improve taste. Also, these chemicals are used as an emulsifier to improve storage life of oil.
Moreover, sodium citrate is also used in pharmaceutical industry in several medicines speciality the one which is used to reduce the acid contents in body fluids such as urine. If kidneys pump less amount of acid, the level of acidity increases in human body. In this case, physicians recommend medicines containing sodium citrate. Also, these chemicals are also used to cure acute constipation issue. Rising occurrences of target diseases around the globe due to changing food habits is anticipated to fuel the market growth during the forecast period.
Adverse Effects of These Chemicals Might Hamper the Market Growth
According to several studies conducted in medical sector, sodium citrate has some side-effects which might hamper the market growth in coming years. Patients treated form these chemicals often suffer from muscle contraction. Sodium citrate raises the sodium level in human body which can develop symptoms of numbness and dizziness in consumer’s body. Moreover, rising health awareness among consumers are leading to shift their preferences from preserved foods to fresh and organic food which might hamper the growth of global market.
Food & Beverages Segment is estimated to Dominate the Global Market Throughout the Forecast Period
Based on application, the food & beverages sector is expected to account for highest share over the forecast period. Sodium Citrate is majorly being used in food & beverages industry due to its significant properties. Sodium citrate controls pH level, improves taste, and act as a chelating agent and prevent spoilage of food by increasing the actions of antioxidants. Sodium citrate is also used as a preservative in drink mixes and ready-to-drink such as club soda. Sodium Citrate also used in cheese making to melt the cheese by acting as an emulsifier for oils. These factors are anticipated to favour the segment growth.
Asia Pacific is anticipated to lead the Global Market during the Forecast Timespan
By geography, Asia Pacific is anticipated to occupy highest share throughout the forecast period. Rising food & beverages industry in Indonesia, India, and China is anticipated to poise a positive impact on the regional growth. Moreover, rising expenditure on healthcare industry is anticipated to surge demand for sodium citrate in Asia Pacific.
Furthermore, Middle East & Africa is anticipated to witness noteworthy growth in coming years. The growth of the region can be attributed to developing healthcare industry in Middle East. Moreover, companies are focused on expanding their operations in order to expand their presence which is anticipated to positively influence the regional growth.
Key players operating in global Sodium Citrate market include Anil Bioplus Limited, Archer Daniels Midland Company, Jiali-Bio Group (Qingdao) Ltd, ATP Group, Niran (Thailand) Co., Ltd, Cargill Incorporated, Yixing-union Biochemical Co., Ltd, Gadot Biochemical Industries LTD, Weifang Ensign Industry Co. Ltd, Jungbunzlauer Suisse AG, Shandong TTCA Co., Ltd, and Pan Chem Corporation.
Global Sodium Citrate Market by Type
- Trisodium Citrate
- Disodium Citrate
- Monosodium Citrate
Global Sodium Citrate Market by Form
Global Sodium Citrate Market by Application
- Food & Beverages
- Detergents & Cleaners
Global Sodium Citrate Market by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America