Global Tricalcium Citrate Market, By Type (Granules, Powder, Micro Ionized Powder), End-Use Industry (Food & Beverage Industry, Personal Care Industry, Agrochemicals Industry, Health Care Industry, Fertilizers Industry, Feed & Pet Food, Others), Applications (Polymers, Fertilizers, Plastics, Surfactants, Organic Salts, Detergents, Others) – Industry Trends and Forecast to 2029.
Tricalcium Citrate Market Analysis and Size
The fast-growing food and beverage industry, as well as the high demand for treated food, are expected to drive up demand for citrates, which are essential flavouring additives.
Data Bridge Market Research analyses that the tricalcium citrate 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 insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Tricalcium Citrate Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Granules, Powder, Micro Ionized Powder), End-Use Industry (Food & Beverage Industry, Personal Care Industry, Agrochemicals Industry, Health Care Industry, Fertilizers Industry, Feed & Pet Food, Others), Applications (Polymers, Fertilizers, Plastics, Surfactants, Organic Salts, Detergents, Others)
|
|
Countries Covered
|
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
|
|
Market Players Covered
|
DSM (Netherlands), BASF SE (Germany), Lonza Group (Switzerland), Glanbia Plc (Ireland), ADM (US), Farbest Brands (US), 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)
|
|
Opportunities
|
|
Market Definition
Tricalcium citrate is available in the form of a white, odourless, crystalline powder or fine powder. It is only slightly soluble in water but completely soluble in diluted hydrochloric acid. Tricalcium citrate, unlike other salts, is more soluble at lower temperatures (so-called "inverse solubility"). It is nearly insoluble in alcohol.
Drivers:
- Growing demand for Tricalcium Citrate in numerous end user industries.
Citrate demand is expected to rise due to its numerous applications in a variety of industries. In the food and beverage industries, tricalcium citrate is primarily used as an acidity regulator. It is also used to keep processed foods fresh, such as sugar, syrups, and fish products. It's also in alcoholic drinks and dairy-based drinks. Tricalcium citrate is widely used in the pharmaceutical and personal care industries, among others. Tricalcium citrate promotes the healthy functioning of numerous organs in the human body, as well as 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 will increase demand. Furthermore, the global retail sector's expansion, combined with rising consumer disposable income, is expected to boost tricalcium citrate production and distribution globally. In the near future, the growing global population's exponentially increasing demand for processed food is expected to drive the growth of the global tricalcium citrate market.
Opportunity
Citrate's increased demand has attracted many key market players, as well as domestic players such as retailers, wholesalers, suppliers, and others. Consumer awareness of the health benefits of low sodium levels in food products is expected to drive growth in the processed food industry citrate market. Consumption of tricalcium citrate lowers the risk of heart attack and contains a lot of antioxidants. Citrate is prescribed to patients with low potassium levels in their blood to treat gout and arrhythmia. With all of the additional benefits of citrate, the market's key players have a good opportunity to increase their market share.
Restraints
Volatile raw material prices and easy availability of substitutes will stymie the growth of the tricalcium citrate market during the forecast period.
This tricalcium citrate 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 Tricalcium Citrate 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 Tricalcium Citrate Market
The outbreak of COVID 19 has put the majority 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 Tricalcium Citrate Market Scope
The tricalcium citrate 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
- Granules
- Powder
- Micro Ionized Powder
End use
- Food and Beverages
- Personal Care
- Agrochemicals
- Health Care
- Fertilizers
- Feed & Pet Food
- Others
Tricalcium Citrate Market Regional Analysis/Insights
The tricalcium citrate 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 tricalcium citrate market report are U.S., Canada and Mexico in North America, Germany, 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 Tricalcium Citrate Market Share Analysis
The tricalcium citrate 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 tricalcium citrate market.
Some of the major players operating in the tricalcium citrate market are:
- DSM (Netherlands)
- BASF SE (Germany)
- Lonza Group (Switzerland)
- Glanbia Plc (Ireland)
- ADM (US)
- Farbest Brands (US)
- 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)
SKU-