Global Food Grade Sodium Citrate Market is valued at approximately USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2020-2027. Food grade Sodium Citrate is mainly denoted by E with number E331, and has its wide applications in commercial industry. For the most part, it is used to extend the shelf life of the product. It is a very important ingredient in beverages acting as a flavoring agent. Food grade sodium citrate has its wide application in nutraceuticals industry to manufacture, food and beverages and other healthy drinks as sodium citrate acts as preservative and favoring agent. and Therefore, this factor may strengthen the adoption for Food Grade Sodium Citrate market across the globe. For instance, according to Statista, in the year of 2017, India's nutraceutical market was worth 260 billion Indian rupees, and now it is estimated that it will go up to 650 billion rupees by 2022, indicating a high growth potential in the sector. Moreover, the growth of food packing industry due to demand for high quality foods offering a longer shelf life around the world are the few factors responsible for the CAGR of the market during the forecast period. According to the Food packaging forum, the eco-friendly food packaging market is likely to reach USD 249.5 billion by 2025. However, continuous use of sodium citrate can be hazardous human health and for is one of the factors that restraining the market growth over the forecast period of 2020-2027.
The regional analysis of the global Food Grade Sodium Citrate market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the rising food and beverage industry in the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, owing to increasing purchasing power among the population in the region.
Major market player included in this report are:
Archer Daniels Midland Company (ADM)
Cargill IncorporatedATP Group
Gadot Biochemical Industries LTD
Pan Chem Corporation
S.A. Citrique Belge
Tate & Lyle
Laiwu Taihe Biochemical Co.Ltd
Shandong TTCA Co.Ltd
Weifang Ensign Industry Co. Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Food Grade Sodium Citrate Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers