The global Sodium Citrate market stood at approximately 950 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 3.1% during the forecast period until 2034.
Sodium citrate, represents the sodium derivative of citric acid, sharing its characteristic sour taste. Similarly to other salts, it also possesses a salty flavour. Familiarly termed as sour salt, it primarily functions as a food additive, often employed for flavour enhancement or preservation purposes. In the food and beverage sector, sodium citrate serves as a pivotal food additive and flavouring agent, particularly for its emulsifying, stabilizing, and acidity-regulating properties, crucial in the production of processed cheese, jams, carbonated beverages, and ice creams. Leveraging its buffering capabilities, the pharmaceutical industry integrates sodium citrate into formulations as a pH regulator and stabilizer, enhancing the efficacy and shelf life of medications while also utilizing it as an anticoagulant in blood transfusions and rehydration solutions. Moreover, sodium citrate plays a pivotal role in the cosmetics and personal care domain, where it functions as a pH adjuster and chelating agent in skincare products and shampoos, augmenting stability and texture. Its efficacy extends to household and industrial cleaning products, where it acts as a chelating agent, improving detergent performance in hard water environments. In industrial applications, sodium citrate finds utility in water treatment processes, photography, and textiles, serving as a chelating agent in metal cleaning and a stabilizer in electroplating baths. The diverse and indispensable nature of sodium citrate underscores its pivotal position in modern industry, facilitating product innovation, stability, and performance across multiple sectors, thus solidifying its status as a cornerstone ingredient in the business landscape. Based on grade, the global Sodium Citrate market is divided into- Industrial Grade, Food Grade, and Pharmaceutical Grade.
The Sodium Citrate market is experiencing notable revenue growth, propelled by several key factors. One significant driver is the increasing consumption of processed Food & Beverages globally. As consumer preferences shift towards convenience and ready-to-eat options, the demand for processed foods containing sodium citrate as a food additive and preservative has surged. Sodium citrate serves various functions in processed foods, including flavour enhancement, acidity regulation, and shelf-life extension, making it a crucial ingredient for manufacturers. Furthermore, the pharmaceutical industry's reliance on sodium citrate has contributed significantly to market growth. Sodium citrate is widely utilized in pharmaceutical formulations as a buffering agent to control pH levels and enhance stability. It is also employed as an anticoagulant in blood transfusions and as a component in oral rehydration solutions. The pharmaceutical sector's constant need for sodium citrate to produce medications for various ailments has further boosted market revenue. Moreover, the rising cost of personal medications has spurred demand for sodium citrate. With healthcare costs on the rise globally, pharmaceutical companies are seeking cost-effective solutions to manufacture medications without compromising quality. Sodium citrate offers a viable option as a versatile and affordable ingredient in pharmaceutical formulations, thus driving its adoption and market growth. As these trends continue, the global Sodium Citrate market is likely to reach approximately 1320 thousand tonnes in 2034.
The Asia-Pacific region is anticipated to dominate the market for several reasons. Firstly, the region boasts rapid industrialization and urbanization, leading to increased demand for various products and services, including those containing sodium citrate. Additionally, the growing population and rising disposable incomes in countries across Asia-Pacific drive the demand for processed foods and pharmaceutical products, both of which frequently utilize sodium citrate as a key ingredient. Moreover, the region's expanding healthcare sector, coupled with increasing awareness about the benefits of sodium citrate in pharmaceutical formulations, contributes to its dominance in the market. Furthermore, supportive government initiatives and investments in infrastructure development further propel market growth in the Asia-Pacific region. Overall, these factors create a conducive environment for the widespread adoption and consumption of sodium citrate in Asia-Pacific region.
Based on the end-user industry, the global Sodium Citrate market is divided into Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, Soaps & Detergents, and Others. Among these, Food & Beverage is the dominating segment and held about 38% of the global Sodium Citrate market in 2023.
Major players in the Global Sodium Citrate market are ADM, ATP Group, COFCO Biochemical, FBC Industries, Foodchem International Corporation, Juxian Hongde Citric Acid Co., Fuso Chemical Co., Ltd., Gadot Biochemical Industries LTD., Huangshi Xinghua Biochemical Co.Ltd., Hunan Dongting Citric Acid Chemicals Co., Ltd., Jungbunzlauer Suisse AG, Ltd, Lianyungang Mupro Food, natural biological group, Pan Chem Corporation, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Sodium Citrate which covers production, demand and supply of Sodium Citrate market in the globe.
• To analyse and forecast the market size of Sodium Citrate
• To classify and forecast Global Sodium Citrate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Sodium Citrate market in the globe.
To extract data for Global Sodium Citrate market, primary research surveys were conducted with Sodium Citrate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Sodium Citrate market over the coming years.
ChemAnalyst calculated Sodium Citrate demand across the globe by analyzing the volume of Sodium Citrate consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Sodium Citrate manufacturers and other stakeholders
• Organizations, forums and alliances related to Sodium Citrate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sodium Citrate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Sodium Citrate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
950 thousand tonnes
Market size Volume in 2034
1320 thousand tonnes
Growth Rate
CAGR of 3.1% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, Soaps & Detergents, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Sodium Citrate market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Sodium Citrate.
3. Capacity By Location
To better understand the regional supply of Sodium Citrate by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company[Quarterly Update]
Study the historical annual production of Sodium Citrate by the leading players and forecast how it will grow in the coming years.
6. Demand by Grade
Learn about the various grades of Sodium Citrate- Industrial Grade, Food Grade, and Pharmaceutical Grade, and their demands. It will allow you to choose which grade to concentrate on when designing your strategy.
7. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Food & Beverage, Pharmaceuticals, Cosmetics & Personal Care, Soaps & Detergents, and Others) are creating a market and the forecast for the growth of the Sodium Citrate market.
8. Demand by Region
Analyzing the change in demand of Sodium Citrate in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Sodium Citrate. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Sodium Citrate.
11. Company Share
Figure out what proportion of the market share of Sodium Citrate is currently held by leading players across the globe.
12. Manufacturing Process
Discover insights into the intricate manufacturing process of Sodium Citrate.
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What was the net market size of Sodium Citrate in terms of volume in 2023?
Ans:
The global market size of Sodium Citrate has reached approximately 950 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Sodium Citrate?
Ans:
Which industry is the leading end-user industry of Sodium Citrate?
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