According to the latest market survey conducted by Future Market Insights, the global tricalcium citrate market is relishing a market valuation of US$ 370.2 Mn in 2022, and all are set to expand with a CAGR of 4.7% during the 2022 – 2032 period. The market is anticipated to top a valuation of US$ 586.0 Mn by the end of the forecast period.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 370.2 Million |
| Market Size 2032 | US$ 586.0 Million |
| Value CAGR (2022 to 2032) | 4.7% |
| Collective Value Share: Top 3 Countries (2022E) | 32% to 35% |
The most commonly used citric acid salt is tricalcium citrate. It is prepared by neutralizing citric acid with a high-grade calcium source, such as calcium hydroxide or hydrated lime. With a total calcium content of 21%, it is the most affordable calcium salt out of all the common organic salts.
The three principal forms of tricalcium citrate are granular, powder, and micro-ionized powder. Food and beverage, healthcare, agriculture, cleaners & detergents, and personal care are some of the different end-user industries in this industry.
It has many applications including agrochemicals, polymers, fertilizers, plastics, surfactants, organic salts, detergents, and many others. Increasing consumption in end-use industries is expected to create a demand for tricalcium citrate during the forecast period.
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Over the period covered by the study (2015-2021), the food and beverages, and healthcare sector, in particular, have seen significant growth in their customer base. The market for tricalcium citrates was recorded to grow at a phenomenal CAGR of 4.1% between 2015 and 2021, mostly due to the rising need for curing various health-related problems including absorption disorders, inflammatory disease, and bone disorders.
Whereas, as per the latest survey conducted by FMI, the tricalcium citrate market is expected to progress at a CAGR of 4.7% between 2022 and 2032. The rising application of tricalcium citrate in various industries and the increasing awareness of food, health, and safety have led to high demand for tricalcium citrate.
In keeping with this pattern, the tendency of expansion was bolstered by the increasing purchasing power of consumers and demand for packed food in developed and developing countries. As per the article published by business standard, the market for packed food in India is predicted to double in the coming 5-10 years due to a surge in e-commerce, demographic dividend, and economic growth.
A Rise in the Use of Tricalcium Citrate Supplements, Especially among Women
The market for tricalcium citrate has been boosted by the rising number of millennials who choose tricalcium-based supplements. Women, particularly those in their mid-30s, have shown a stronger interest in tricalcium-based supplements as a means of maintaining their bone health.
The significant technical benefit of tricalcium citrate-based supplements is their high absorption efficiency, as they don't need any additional digestive acids (secreted during digestion) to be absorbed. Even when ingested on an empty stomach, it is safe to ingest. A range of tricalcium citrate supplements, including pills, capsules, chewable, liquids, and powders, have recently entered the market and are expected to drive the growth of tricalcium citrate in the future.
Numerous Applications of Tricalcium Citrate
During the projected period, an expanding population in need of cutting-edge pharmaceuticals for the treatment of various health issues is anticipated to drive the global market for tricalcium citrate. Common colds, canker sores, skin wounds, sore throats, zits, rheumatoid, tinnitus, fibromyalgia, respiratory illnesses, arthritis, and lupus are among the conditions that can be treated with tricalcium citrate.
Numerous consumer goods, including soaps and bath products, skincare, haircare, and dental care, include tricalcium citrate. These products serve as antibacterial agents. Personal care sales are expected to increase significantly over the course of the projection period as consumer awareness of healthy lifestyles rises. As a result, the tricalcium citrate market is anticipated to grow significantly over the coming years.
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In 2022, the food and healthcare sector dominated the market and generated the majority of global revenue. Personal Care, cleaners & detergents, industrial applications, agrochemicals, fertilizers, plastics, polymers, feed & pet food are other end-uses application. A significant portion of the growth of the tricalcium citrate market is anticipated to come from the end users’ applications in the food, and healthcare industries over the course of the forecast period as a result of these industries’ highest consumption of tricalcium citrate.
From 2022 to 2032, the food & beverage and healthcare market are expected to grow at the highest CAGR among all end-uses application of tricalcium citrates. In the healthcare industry, tricalcium citrate is frequently used in dental products like toothpaste, mouthwash, and chewing gum due to its antibacterial, anti-inflammatory, anti-plaque, and tartar-prevention qualities.
Skin infections, respiratory issues, sluggish wound healing, and dental issues are all signs of its deficiency. As a result, one of the main factors propelling the market forward is the healthcare sector's exponential increase.
North America is the leading tricalcium citrate market, holding the majority of shares in global revenue in 2022, as a result of the region's high consumption of drinks, packed food, and supplements. The U.S. and Canada were the highest consumers of packed, and processed food, nutritional supplements, and additives. This is expected to increase the sales of tricalcium citrate among the growing food and healthcare industry, thus creating a lucrative opportunity for the tricalcium citrate market in the North American region
The market is expected to expand at the fastest rate in the Asia Pacific. China’s fastest-growing food and packaging sector are increasing at a fast pace which forces the manufacturers to increase their production capacities. Furthermore, the growing pharmaceutical and healthcare sector in India widely uses tricalcium citrate to produce additives, supplements, and pharmaceutical formulations. This is anticipated to boost the demand for tricalcium citrate in the Asia Pacific region.
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To meet the rising industrial demand for tricalcium citrate applications in end-use industries including food & beverages, healthcare, packaging, agrochemical, and fertilizers, market participants are constantly improving the production process and formulations to increase their global footprint and better positioning themselves to take advantage of the burgeoning market opportunity, some major companies in the market are engaging in mergers and acquisitions, and new entrants to the sector are also doing the same.
A similar development has been tracked by Future Market Insights in its latest market study.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.7% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Tons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Form, End-User Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia Pacific; Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, ASEAN Countries, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Companies Profiled | Jungbunzlauer; City Chemical LLC; Parchem fine & speciality chemicals; Asiamerica Ingredients, Inc.; Jost Chemical Co.; Alfa Aesar; Dastech International Inc.; Generichem; Jungbunzlauer Suisse AG; A.B. Enterprises; BASF SE; Others |
| Customization & Pricing | Available upon Request |
In 2022, the value of the global tricalcium citrate market reached over US$ 370.2 Mn
During the forecast period, the global tricalcium citrate market is estimated to expand at a CAGR of 4.7% during 2022-2032.
The global tricalcium citrate market is projected to reach US$ 586.0 Mn by the end of 2032.
The key players operating in the tricalcium citrate market are City Chemical LLC, Parchem fine & speciality chemicals, Asiamerica Ingredients, Inc., Jost Chemical Co., Alfa Aesar, Dastech International Inc., Generichem, Jungbunzlauer Suisse AG, A.B. Enterprise and various others.
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Tricalcium Citrate Market
