The Sodium Citrate Dihydrate market is expected to record a CAGR of over 3% during the forecast period.
Sales of sodium citrate dihydrate are expected to rise as medical industry demand is on the rise. In addition to this, demand for sodium citrate dihydrate is rising on account of seasonal beverage variations and new detergent applications.
Increasing consumption of processed food and beverage is also projected to contribute to the growth of the sodium citrate dihydrate market share.
The report sheds light on the factors improving the sales of sodium citrate dihydrate and, in turn, the opportunities for the market players. However, the sodium citrate dihydrate market also faces some challenges, limiting its market share from reaching its potential.
Some of the key sodium citrate dihydrate market trends promoting the demand for sodium citrate dihydrate include urbanization, need for pharmaceutical supplies, increased consumer knowledge, and the tendency toward packaged foods.
In the next years, increased demand from the pharmaceutical industry is likely to drive market expansion.
The global The sodium citrate dihydrate market is expected to record a CAGR of over 3% during the forecast period., on the other hand, is projected to be hampered by price fluctuations in raw materials.
Furthermore, during the forecast period, an increase in demand from the medical industry is expected to boost the market growth. On the other hand, organic food preservatives are preferred by customers since they contain fewer chemicals.
This shift in customer preferences could negatively impact the The sodium citrate dihydrate market is expected to record a CAGR of over 3% during the forecast period.growth.
Rising health issues associated with the continued usage of sodium citrate and fluctuating raw material prices are projected to provide significant obstacles to market expansion in the near future.
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Seasonal factors for beverages and new detergent applications are the principal growth drivers for the rise in sales of sodium citrate dihydrate. However, fluctuations in raw materials prices hinder the steady growth of the global sodium citrate dihydrate market.
Sodium citrate dihydrate (C6H5Na3O7•2H2O), also known as citric trisodium salt dihydrate, or trisodium citrate dehydrate, is obtained from citric acid and is available in granular or powder form, having a salty but pleasant taste.
Sodium citrate dihydrate is odourless and freely soluble in water, marginally deliquescent in moist air, and insoluble in alcohol. It is prepared by completely neutralizing citric acid with high purity sodium hydroxide or carbonate followed by crystallization.
Sodium citrate dihydrate is a non-toxic, neutral salt having low reactivity. It shows chemical stability when stored at ambient temperatures. Sodium citrate dihydrate is biodegradable and disposable with regular waste or sewage, thus improving sales.
It is widely used in preservatives and as a flavouring agent in the food industry. The consistent demand for sodium citrate dihydrate is a testament that sodium citrate is regarded as safe when used in normal quantities.
In the pharmaceutical industry, there has been a consistent rise in the sales of sodium citrate dihydrate. Sodium citrate dihydrate also finds its use as a buffering agent, alkalizing agent, emulsifying agent, or sequestering agent.
The food and beverage sector is a rich market, particularly in Asia-Pacific and the Gulf Cooperation Council (mainly in the UAE).
In addition, the UAE's demand for food and beverage goods is rising fast, and this trend is expected to continue in the next years. Due to these factors, the demand for sodium citrate dihydrate is expected to expand throughout the forecast period.
The global sodium citrate dihydrate market is predicted to expand significantly in the next years. The attention of large chemical corporations is gradually shifting towards rising economies due to several advantageous variables and rising demand for sodium citrate dihydrate.
China has advanced to become the world's largest chemical manufacturing base in terms of capacity and sales of sodium citrate dihydrate. The reason for this is the country's cost advantage over western countries in terms of chemical product manufacture and the high demand for sodium citrate dihydrate within the country.
Furthermore, the licensing procedures are shorter, and building expenses are lower than in Europe, thus positively impacting the sales of sodium citrate dihydrate.
The major players in the sodium citrate dihydrate market include Cargill Inc., Archer Daniels Midland Co., American Tartaric Products Inc., Gadot Biochemical Industries Ltd., Citrique Belge, Jungbunzlauer, Huangshi Xinghua Biochemical Co., Ltd., RZBC Group, Shandong TTCA Co., Ltd., Weifang Ensign Industry Co. Ltd and others.
As a result of the tremendous growth of the food and beverage industry in countries like China, India, and Indonesia, Asia-Pacific now leads the sales of sodium citrate dihydrate. In addition, China is one of the world's major pharmaceutical markets, and demand for sodium citrate dihydrate in pharmaceutical applications is increasing.
As a result, the rising population in developing countries like China and India is expected to promote the pharmaceutical industry's growth in Asia-Pacific.
The major market players in the Asia Pacific are responsible for the consistent rise in sales of sodium citrate dihydrate.
Report Attributes | Details |
---|---|
Growth rate | CAGR of 3% from 2022 to 2032 |
Base year for estimation | 2021 |
Historical data | 2015 to 2020 |
Forecast period | 2022 to 2032 |
Quantitative units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia |
Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
Key companies profiled | Cargill Inc.; Archer Daniels Midland Co.; American Tartaric Products Inc.; Gadot Biochemical Industries Ltd.; Citrique Belge; Jungbunzlauer; Huangshi Xinghua Biochemical Co., Ltd.; RZBC Group; Shandong TTCA Co., Ltd.; Weifang Ensign Industry Co. Ltd; others |
Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
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The sodium citrate dihydrate market is likely to register a CAGR of over 3% during the forecast period.
Key players holding substantial sodium citrate dihydrate market share include Cargill Inc., Archer Daniels Midland Co.,American Tartaric Products Inc., Gadot Biochemical Industries Ltd., Citrique Belge, Jungbunzlauer, Huangshi Xinghua Biochemical Co.,Ltd., RZBC Group, Shandong TTCA Co., Ltd., Weifang Ensign Industry Co. Ltd and others.
Demand for sodium citrate dihydrate is likely to rise on the back of increasing demand from the healthcare industry.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Sodium Citrate Dihydrate Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Sodium Citrate Dihydrate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Function 5.1. Chelating Agent 5.2. Buffering Agent 5.3. Flavor Enhancer 5.4. Emulsifying Agents 5.5. Other Functions 6. Global Sodium Citrate Dihydrate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Food 6.2. Beverage 6.3. Detergents and Washing Solutions 6.4. Cosmetics & Personnel Care 6.5. Healthcare Products 6.6. Industrial Applications 6.7. Other Applications 7. Global Sodium Citrate Dihydrate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia & Pacific 7.6. MEA 8. North America Sodium Citrate Dihydrate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Sodium Citrate Dihydrate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Sodium Citrate Dihydrate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. East Asia Sodium Citrate Dihydrate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. South Asia & Pacific Sodium Citrate Dihydrate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. MEA Sodium Citrate Dihydrate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Sodium Citrate Dihydrate Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. American Elements 16.2. American Tartaric Products Inc. 16.3. Archer Daniels Midland Co 16.4. Cargill Incorporated 16.5. Citribel 16.6. COFCO Bio-chemical 16.7. ECSA Group 16.8. Foodchem International Corporation 16.9. Gadot Biochemical Industries Ltd 16.10. Huangshi Xinghua Biochemical Co.,Ltd. 16.11. Jungbunzlauer 16.12. Laiwu Taihe Biochemical Co., Ltd. 16.13. Merck KGaA 16.14. Muby Chemicals 16.15. RZBC Group 16.16. Shandong Juxian Hongde Citric Acid Co., Ltd 16.17. Spectrum Chemical Manufacturing Corp. 16.18. Thai Citric Acid Co., Ltd. 16.19. Thermo Fisher Scientific 17. Assumptions & Acronyms Used 18. Research Methodology
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