Global Citrate and Citrate Salts Market – Industry Trends and Forecast to 2029

Citrate and Citrate Salts Market Analysis and Size

The brisk growth of the food and beverage industry, as well as the brisk demand for treated food, are expected to increase the demand for citrates, which are an essential flavouring additives.

Data Bridge Market Research analyses that the citrate and citrate salts market which was valued at USD 2.57 billion in 2021 is expected to reach the value of USD 4.13 billion by 2029, at a CAGR of 6.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Citrate and Citrate Salts Market Scope and Segmentation

Market Definition

Citric acid is a chemical compound with the formula C6H8O7. It is a weak colourless organic acid. It is naturally found in citrus fruits. It acts an intermediate in the citric acid cycle, which occurs in all aerobic organisms' metabolism. More than two million tonnes of citric acid are produced each year. It's commonly used as an acidifier, flavouring agent, and chelating agent.

Drivers:

• Growing demand for citrate and citrate salts in numerous end user industries

The demand for citrate is expected to rise due to its numerous applications in various industries. Citrate is primarily used as an acidity regulator in the food and beverage industries. It's also used to keep processed foods like sugar, syrups, and fish products fresh. It's also in alcoholic drinks and dairy-based drinks. Citrate is widely used in the pharmaceutical and personal care industries, among others. Citrate promotes the healthy functioning of numerous organs in the human body and cardiovascular function.

• Change in consumer preference from traditional oils to a healthier alternative

Manufacturers are implementing cutting-edge technological solutions to improve the nutritional quality of processed foods, which is expected to drive up demand. Furthermore, the expansion of the global retail sector, combined with an increase in consumer disposable income, is expected to positively impact citrate and citrate salts production and distribution worldwide. The growing global population's exponentially increasing demand for processed food is expected to drive the growth of the global citrate and citrate salts market in the near future.

Opportunity

The increased demand for citrate has attracted many key players in the market and domestic players such as retailers, wholesalers, suppliers, and others. Citrate consumption lowers the risk of heart attack and contains a lot of antioxidants. Citrate is used to treat gout and arrhythmia in patients with low blood potassium levels. With all of the additional benefits of citrate, there is a good opportunity for the market's key players to increase their market share.

Restraints

Consistent use of citrate may have an effect on the body and mind of consumers. As a result, many consumers are opting for green chemicals. This factor is likely to limit the citrate market's growth. Consumers prefer fresh and organic food products with fewer chemicals. This shift in consumer perception will have a direct impact on the growth of the citrate market. Several developed countries have already prohibited the use of medicines with severe side effects. As a result, market players are constantly developing new chemicals that are not harmful to the body. This shifting trend is likely to slow the global citrate market's growth.

This citrate and citrate salts market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the citrate and citrate salts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Citrate and Citrate Salts Market

The outbreak of COVID 19 has put most of the human population on lockdown, and major business activities have been halted, affecting the global economy. Many large and small-scale manufacturers are having difficulty selling their goods. This has also had an impact on the food and beverage industry, as the supply chain has been disrupted. Consumers' awareness of the nutritional benefits of natural food products has grown, which may increase demand for such products. With the pharmaceutical industry operating at full capacity, the citrate market is expected to be impacted at a low to moderate level for the next two to three quarters.

Global Citrate and Citrate Salts Market Scope

The citrate and citrate salts market is segmented on the basis of type and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Citrate
• Magnesium Citrate
• Zinc Citrate
• Potassium Citrate
• Calcium Citrate
• Others

End use

• Food and Beverages
• Personal Care
• Pharmaceuticals
• Household
• Others

Citrate and Citrate Salts Market Regional Analysis/Insights

The citrate and citrate salts market is analysed and market size insights and trends are provided by country, type and end use as referenced above.

The countries covered in the citrate and citrate salts market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Citrates have significant market potential in the Asia-Pacific (APAC) and Middle East regions. The growing urban population, rising disposable consumer spending, and changing lifestyle patterns of users in these countries are all happening at the same time.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Citrate and Citrate Salts Market Share Analysis

The citrate and citrate salts market competitive landscape provides details by competitor. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to citrate and citrate salts market.

Some of the major players operating in the citrate and citrate salts market are:

• DSM (Netherlands)
• BASF SE (Germany)
• Lonza Group (Switzerland)
• Glanbia Plc (Ireland)
• ADM (U.S.)
• Farbest Brands (U.S.)
• SternVitamin GmbH & Co. KG (Germany)
• Adisseo (France)
• BTSA Biotechnologias Aplicadas S.L. (Spain)
• Rabar Pty Ltd (Australia)
• Orkla Health (Norway)
• Epax (Norway)
• BioProcess Algae LLC (U.S.)
• Croda International plc (U.K.)

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