Citrates Market by Type, Form, End-Use - Global Forecast 2024-2030

List of Tables

[189 Pages Report] The Citrates Market size was estimated at USD 3.92 billion in 2023 and expected to reach USD 4.11 billion in 2024, at a CAGR 5.15% to reach USD 5.57 billion by 2030.

The global citrates market encompasses a wide array of citrate salts derived from citric acid, which are utilized for their chelating, buffering, and flavor-enhancing properties in various applications. Key end-use segments include food & beverages, pharmaceuticals, personal care & cosmetics, detergents & cleaners, and industrial processes. Increasing demand for animal feed and growing demand for convenience foods and ready-to-drink beverages are the major growth drivers in the worldwide citrates market. Moreover, fluctuating raw material prices, mainly owing to scarce availability or production inefficiencies, restrict market growth. Moreover, strict governmental guidelines and quality control concerns associated with citrate production may impact citrates production in specific regions or countries. Furthermore, the expanding pharmaceutical sector requires the use of these salts as excipients or buffers in drug formulations. Emerging trends such as clean labeling and green chemistry principles drive innovation in sourcing natural ingredients for eco-friendly products. Companies investing in R&D initiatives to develop novel plant-based extract formulations may tap into potential growth opportunities.

KEY MARKET STATISTICS
Base Year [2023]	USD 3.92 billion
Estimated Year [2024]	USD 4.11 billion
Forecast Year [2030]	USD 5.57 billion
CAGR (%)	5.15%

Regional Insights

In North America, the citrates market is due to the well-established food processing industry and high consumer demand for processed food products that contain citrate-based additives. The United States has large-scale production capacities for citric acid - the primary raw material used in producing citrates. Meanwhile, Latin America shows potential for market growth as its economies strengthen and demand for processed foods increases. Within the EMEA region, Europe represents a significant share of global citrates demand due to stringent food safety regulations imposed by European Union (EU) authorities, which necessitate greater use of safe and natural ingredients such as citrates in F&B products. The Middle East and Africa have seen an upsurge in demand as their population continues to grow rapidly, along with increased urbanization rates that lead to higher consumption levels for food and beverage products containing natural preservatives such as citrate salts. Asia-Pacific is witnessing significant growth for citrates due to rapid industrialization, urbanization and increasing disposable incomes in countries such as China, India, Japan, South Korea, and ASEAN nations. This has led to significant growth in end-use industries such as F&B, pharmaceuticals, personal care products, detergents & cleaners that require citrate-based ingredients. In addition, rising awareness about health benefits associated with citrate consumption in rural areas of Asia-Pacific is creating new market opportunities.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Citrates Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing demand for animal feed with rising livestock population
- Growing demand for convenience foods and ready-to-drink beverages

Market Restraints
- Fluctuating raw material prices owing to scarce availability or production inefficiencies

Market Opportunities
- Innovation in the clean labeling and green chemistry principles
- Expanding application in the pharmaceutical sector, particularly in drug delivery system

Market Challenges
- Strict governmental guidelines and quality control concerns associated with citrate production

Market Segmentation Analysis
- Type: Growing adoption of sodium citrate in pharmaceutical industry
- Form: Significant usage of powdered citrates to offer long shelf life and improved thermal stability
- End-Use: Increasing demand in the animal feed and nutraceutical sector

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Citrates Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Citrates Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Jost Chemical Increases Production Capabilities for High-Purity Magnesium Citrate

Jost Chemical Company announced expanding its manufacturing capacity for magnesium citrate production to meet the growing demand in various applications. The expansion of magnesium citrate production by Jost Chemical Company aims to meet the growing demand for this vital nutrient in various applications. [Published On: 2023-04-24]

Advicenne Announces the Launch of Sibnayal in Denmark

Advicenne and FrostPharma jointly announced the reimbursement of Sibnayal, a fixed combination of potassium citrate and potassium bicarbonate, in Denmark, effective. The product has therapeutic value and significance in treating severe renal diseases, especially considering the absence of alternative treatments. [Published On: 2023-03-06]

Advicenne and SPA Announce an Exclusive Distribution Agreement for the Marketing of Sibnayal in Italy, Spain, and Portugal

Advicenne announced an exclusive distribution partnership with SPA Societa Prodotti Antibiotici for the marketing of the fixed-dose combination of potassium citrate and potassium bicarbonate in Italy, Spain, and Portugal. Under the terms of the agreement, SPA has been granted exclusive marketing rights to Sibnayal in its current approved indication, as well as potential new indications. [Published On: 2023-02-14]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Citrates Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Citrates Market, highlighting leading vendors and their innovative profiles. These include Adani Pharmachem Private Limited, Archer Daniels Midland Company, ATPGroup, Ava Chemicals Private Limited, BASF SE, Citribel NV, DPL-US, Dr. Paul Lohmann GmbH & Co. KGaA, Ebrator Biochemicals, FBC Industries, Inc., Foodchem International Corporation, Gadot Biochemical Industries Ltd., Ing. Petr Svec - PENTA s.r.o., Jungbunzlauer Suisse AG, Merck KGaA, Noah Chemicals, Inc., Novis Works LLC, Pan Chem Corporation, ProChem, Inc., RZBC Group Co., Ltd., Shandong Ensign Industry Co., Ltd., Shandong Juxian Hongde Citric Acid Co., Ltd., Tate & Lyle PLC, Thermo Fisher Scientific Inc., and Wang Pharmaceuticals and Chemicals.

Market Segmentation & Coverage

This research report categorizes the Citrates Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Calcium Citrate
- Magnesium Citrate
- Potassium Citrate
- Sodium Citrate

Form
- Liquid
- Powder

End-Use
- Animal Feed
- Food & Beverage
- Nutraceuticals
- Personal Care & Cosmetics
- Pharmaceuticals

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-A6768A62EAAF

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for animal feed with rising livestock population
  - 5.1.1.2. Growing demand for convenience foods and ready-to-drink beverages
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuating raw material prices owing to scarce availability or production inefficiencies
- 5.1.3. Opportunities
  - 5.1.3.1. Innovation in the clean labeling and green chemistry principles
  - 5.1.3.2. Expanding application in the pharmaceutical sector, particularly in drug delivery system
- 5.1.4. Challenges
  - 5.1.4.1. Strict governmental guidelines and quality control concerns associated with citrate production
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing adoption of sodium citrate in pharmaceutical industry
- 5.2.2. Form: Significant usage of powdered citrates to offer long shelf life and improved thermal stability
- 5.2.3. End-Use: Increasing demand in the animal feed and nutraceutical sector
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Citrates Market, by Type

6.1. Introduction
6.2. Calcium Citrate
6.3. Magnesium Citrate
6.4. Potassium Citrate
6.5. Sodium Citrate

7. Citrates Market, by Form

7.1. Introduction
7.2. Liquid
7.3. Powder

8. Citrates Market, by End-Use

8.1. Introduction
8.2. Animal Feed
8.3. Food & Beverage
8.4. Nutraceuticals
8.5. Personal Care & Cosmetics
8.6. Pharmaceuticals

9. Americas Citrates Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Citrates Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Citrates Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Jost Chemical Increases Production Capabilities for High-Purity Magnesium Citrate
- 12.3.2. Advicenne Announces the Launch of Sibnayal in Denmark
- 12.3.3. Advicenne and SPA Announce an Exclusive Distribution Agreement for the Marketing of Sibnayal in Italy, Spain, and Portugal
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio