Sodium Citrate Market Size (2024 - 2029)

The sodium citrate market is projected to experience significant expansion, driven by the rising consumption of packaged foods and beverages. Despite the initial negative impact of the COVID-19 pandemic, the market has shown recovery and is expected to continue its growth trajectory. The medical industry's increasing demand is also anticipated to contribute positively to the market's expansion. The Asia-Pacific region is expected to lead in terms of market size and growth rate during the forecast period, although health concerns related to long-term sodium citrate use may pose challenges.

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Market Size of Sodium Citrate Industry

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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

Sodium Citrate Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 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).

Grade
Food
Pharmaceutical
Industrial
Application
Food and Beverages
Pharmaceuticals
Cosmetics
Soaps and Detergents
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Sodium Citrate Market Size Summary

The sodium citrate market is poised for robust growth, driven primarily by the increasing consumption of packaged food and beverages. This growth trajectory is supported by the expanding application of sodium citrate as a food additive, particularly in non-alcoholic beverages, where it serves as a flavoring agent and preservative. The market's recovery post-COVID-19 lockdowns has been bolstered by the rising demand from the medical industry, where sodium citrate is utilized for its buffering and pH control properties. However, potential health concerns related to long-term usage may pose challenges to market expansion. The Asia-Pacific region is anticipated to lead the market, fueled by burgeoning demand in the food and beverage, medical, and personal care sectors, particularly in China and India.

Sodium citrate's versatility extends beyond the food and beverage industry, finding applications in cosmetics and pharmaceuticals as well. The market's partially consolidated nature features key players such as Pan Chem Corporation, Jungbunzlauer Suisse AG, Cargill, Incorporated, ADM, and ATPGroup, who are actively engaged in strategic initiatives to enhance their market presence. The Asia-Pacific region's dominance is further reinforced by China's significant role as a global importer of food and beverages and its expanding pharmaceutical industry. As the market continues to evolve, the strategic efforts of major companies and the increasing adoption of sodium citrate in various industries are expected to drive sustained growth over the forecast period.

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Sodium Citrate Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Consumption of Packed Food & Beverages

      2. 1.1.2 Increasing Demand from the Medical Industry

    2. 1.2 Restraints

      1. 1.2.1 Health Issues Associated with Long-term Usage

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Price Trend Analysis

    6. 1.6 Trade Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Grade

      1. 2.1.1 Food

      2. 2.1.2 Pharmaceutical

      3. 2.1.3 Industrial

    2. 2.2 Application

      1. 2.2.1 Food and Beverages

      2. 2.2.2 Pharmaceuticals

      3. 2.2.3 Cosmetics

      4. 2.2.4 Soaps and Detergents

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Sodium Citrate Market Size FAQs

The Sodium Citrate Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

Pan Chem Corporation, Jungbunzlauer Suisse AG, Cargill, Incorporated, ADM and ATPGroup are the major companies operating in the Sodium Citrate Market.

Sodium Citrate Market Report Snapshots

Sodium Citrate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)