Sodium Citrate Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Sodium Citrate Market Analysis
The global sodium citrate market is estimated to register healthy growth, at an estimated CAGR of over 3%, over the forecast period.
COVID-19 negatively impacted the market in 2020. Several countries worldwide went into lockdown to curb the virus spreading due to the pandemic scenarios. However, the condition recovered in 2021, benefiting the market growth studied over the forecast period.
- The primary factor driving the studied market's growth is the growing consumption of packed food & beverages.
- Health issues associated with long-term usage will likely hinder the market's growth.
- Increasing demand from the medical industry is also likely to augment the market growth in the coming years.
- Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
Sodium Citrate Market Trends
This section covers the major market trends shaping the Sodium Citrate Market according to our research experts:
Food and Beverages Segment to Dominate the Market
- Sodium citrate is primarily used as a food additive to flavor or preserve food. In certain types of club soda, sodium citrate is used as a flavoring agent.
- In addition, sodium citrate is used as a flavoring agent in many ready-to-drink beverages, gelatin mix, ice creams, processed cheese, and sweets, among many others. Moreover, sodium citrate is used in both hydrous & anhydrous forms.
- Furthermore, sodium citrate is combined with citric acid as a buffering agent to maintain pH in many food & beverage applications. It is used in various cosmetic products, including baby products, make-up, bath products, hair dyes and colors, and skin care products.
- In 2022, the global cosmetics market experienced growth of over 16% in comparison to the previous year. As of 2021, the French cosmetics company L'Oréal was the leading beauty manufacturer in the world, generating revenues of about USD 35 billion.
- Sodium Citrate is the natural sodium salt of citric acid. It retains citric acid's sour taste and is used as a sour salt flavor additive and food preservative. It is majorly used in non-alcoholic beverages, specifically lemon-lime soft drinks. It is also used to control acidity and acts as a stabilizer.
- According to the estimates by Statista, the non-alcoholic drinks market amounts to USD 1.48 tons in 2023 and is expected to grow annually by 4.65% by 2027.
- The food & beverage industry is lucrative, especially in Asia-Pacific and GCC (primarily in UAE). The demand for food & beverage products is increasing rapidly in the UAE, which is anticipated to continue in the next few years.
- According to the Dubai Department of Economy and Tourism, Dubai includes 13,000 food and beverage outlets. The UAE's Food and beverage trade increased steadily, reaching USD 20 billion in the first nine months of 2021.
- Owing to all these factors, the market for sodium citrate will likely grow worldwide during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market owing to the increasing demand from the food & beverage, medical, and personal care industries in the countries such as China and India.
- China is the world's largest importer of both food and beverages. In December 2022, approximately 13.8 million metric tons of soft drinks were produced in China, indicating a 4.6% increase compared to the same period of the previous year.
- In the pharmaceutical industry, it controls pH and can be used as an alkalizing and buffering agent, emulsifier, sequestering agent, diuretic and expectorant. Also, it acts as an anticoagulant for blood withdrawal.
- China is the second-largest market for pharmaceuticals globally. China's pharmaceutical industry experienced rapid progress when the country entered the World Trade Organization. As of 2021, China holds 12% of the global pharmaceutical market, following the United States, responsible for 40% of the total revenue worldwide.
- In 2021, China produced over 38 million metric tons of sodium hydroxide, followed by Japan with 4.16 million metric tons and South Korea with 2.23 million metric tons.
- According to the Ministry of Industry and Information Technology, in January-April 2022, major beverage firms produced 57.9 million tons of beverages, up 1% from the same period in 2021.
- Presently, the penetration of personal care products in India is comparatively lower than in developed or other developing economies. However, improving the economic environment and increasing purchasing power of the Indian population is expected to increase the personal care products adoption in the country.
- Due to all such factors, the sodium citrate market in the Asia-Pacific region is expected to grow steadily during the forecast period.
Sodium Citrate Industry Overview
The sodium citrate market is partially consolidated in nature. Some of the major players in the market include Pan Chem Corporation, Jungbunzlauer Suisse AG, Cargill, Incorporated, ADM, and ATPGroup, among others.
Sodium Citrate Market Leaders
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Pan Chem Corporation
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Jungbunzlauer Suisse AG
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Cargill, Incorporated
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ADM
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ATPGroup
*Disclaimer: Major Players sorted in no particular order
Sodium Citrate Market News
- February 2023: Jungbunzlauer Suisse AG, based on its vision "From nature to ingredients'', aimed to help its customers by manufacturing safer and more sustainable products. The company started citric acid production by renewable raw materials fermentation, such as carbohydrates from corn, to effectively remove rust while maintaining the base metal integrity.
- February 2022: ADM acquired Comhan, a leading South African flavor distributor. The acquisition helped the company expand its footprints in South Africa by extending its production and supply chains of innovative flavored products.
Sodium Citrate Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Consumption of Packed Food & Beverages
4.1.2 Increasing Demand from the Medical Industry
4.2 Restraints
4.2.1 Health Issues Associated with Long-term Usage
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Trend Analysis
4.6 Trade Analysis
5. MARKET SEGMENTATION
5.1 Grade
5.1.1 Food
5.1.2 Pharmaceutical
5.1.3 Industrial
5.2 Application
5.2.1 Food and Beverages
5.2.2 Pharmaceuticals
5.2.3 Cosmetics
5.2.4 Soaps and Detergents
5.2.5 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 ADM
6.4.2 ATPGroup
6.4.3 Cargill, Incorporated
6.4.4 COFCO
6.4.5 FBC Industries
6.4.6 Foodchem International Corporation
6.4.7 FUSO CHEMICAL CO., LTD.
6.4.8 Gadot Biochemical Industries LTD.
6.4.9 HUANGSHI XINGHUA BIOCHEMICAL CO.LTD.
6.4.10 HUNAN DONGTING CITRIC ACID CHEMICALS CO., LTD.
6.4.11 Jungbunzlauer Suisse AG
6.4.12 Juxian Hongde Citric Acid Co., Ltd
6.4.13 Lianyungang Mupro Food
6.4.14 natural biological group
6.4.15 Pan Chem Corporation
6.4.16 S.A. Citrique Belge N.V.
6.4.17 Tate & Lyle
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Sodium Citrate Industry Segmentation
Sodium citrate is the sodium salt of citric acid. It is white, crystalline powder or white, granular crystals, slightly deliquescent in moist air, freely soluble in water, and practically insoluble in alcohol. The sodium citrate market is segmented by grade, application, and geography. By grade, the market is segmented into food, pharmaceutical, and industrial. By application, the market is segmented into food and beverages, pharmaceuticals, cosmetics, soaps and detergents, and other applications. The report also covers the market size and forecasts for the sodium citrate market in 15 countries across major regions. The market sizing and forecasts are done for each segment based on revenue (USD million).
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| Soaps and Detergents | |
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Sodium Citrate Market Research FAQs
What is the current Sodium Citrate Market size?
The Sodium Citrate Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Sodium Citrate Market?
Pan Chem Corporation, Jungbunzlauer Suisse AG, Cargill, Incorporated, ADM and ATPGroup are the major companies operating in the Sodium Citrate Market.
Which is the fastest growing region in Sodium Citrate Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Sodium Citrate Market?
In 2024, the Asia Pacific accounts for the largest market share in Sodium Citrate Market.
What years does this Sodium Citrate Market cover?
The report covers the Sodium Citrate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sodium Citrate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sodium Citrate Industry Report
Statistics for the 2024 Sodium Citrate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sodium Citrate analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
