Monosodium Citrate: Market outlook
Monosodium citrate, also known as sodium dihydrogen citrate is an odorless, white, fine monobasic salt of citric acid. Monosodium citrate is produced by partial neutralization of citric acid by a high purity sodium source followed by spray drying or crystallization process. Monosodium citrate is used in a wide number of industrial applications owing to functions including buffering agent, sequestrant, emulsifier, flavor enhancer, and others. In food and beverage industry monosodium citrate is used as an emulsifying and buffering agent to adjust PH level, besides, it is also used as food additive to enhance the flavor and appeal of products ice-cream, like gelatin mix, jams, milk powder, sweets, processed cheeses, carbonated beverages, wine, and others. Furthermore, monosodium citrate is used in tablet preparation and pharmaceutical formulations to improve stability and increasing activity of preservatives to extend the shelf life of the products. Monosodium citrate is further used in cosmetic and personal care products including skincare, soap and bath products, hair care, color cosmetics, deodorants, and fragrances to adjust the stability of the ingredients and formulations. Apart from these end-user applications, monosodium citrate is used in adhesives, agrochemicals, sealants, construction, fine chemicals, paints, coatings, paper, and polymers among other industrial applications.
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The Increasing Demand from End User Industries Coupled with Multifunctional Properties is Upsurging the Demand for Monosodium Citrate
Monosodium citrate has application ranging from food and beverage industry to the cosmetic industry to pharmaceuticals, to inks, paints, coatings, metal surface treatment, and many more. The increasing potential in the end-use industry, coupled with the growth prospects of the end-user industry is anticipated to drive the growth of monosodium citrate over the forecast years. The increasing demand for buffering agent and emulsifiers in the food industry is creating strong market prospects for the growing sales for monosodium citrate. The growing demand for processed food owing to changing dietary patterns of the consumers is leading to increasing driving the market for monosodium citrate. Furthermore, rising premiumization, self-care trend, and increasing online penetration is providing robust sales opportunity for beauty and personal care products, and this is creating space for monosodium citrate over the forecast period. Another driver responsible for the lucrative demand for monosodium citrate is the evolving and increasing healthcare industry. Monosodium citrate is used in the formulation of pharmaceuticals to extend the shelf life of the products, the growing healthcare industry thus is responsible for boosting the demand for monosodium citrate over the forecast period.
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Global Monosodium Citrate: Market Segmentation
On the basis of form, global monosodium citrate can be segmented as:-
On the basis of functionality, global monosodium citrate can be segmented as:-
- PH Regulation
- Chelating Agent
- Buffering Agent
- Flavor Enhancer
- Emulsifying Agent
On the basis of end use, global monosodium citrate can be segmented as:-
- Food and Beverage Industry
- Cosmetic and Personal Care
- Cleaners & Detergents
- Other Industrial Applications
Global Monosodium Citrate: Key Players
Some the key players operating their business in the global monosodium citrate market are Archer-Daniels-Midland Co, Cargill Incorporated, Merck KGaA, Gadot Biochemical Industries Ltd., Citrique Belge, Foodchem International Corporation, Thai Citric Acid Co.,Ltd. COFCO Bio-chemical (Anhui) Co., Ltd., and Anil Bioplus Limited, among others
Opportunities for Monosodium Citrate Market Participants:
The manufactures of monosodium citrate are shifting towards setting their production footprints in the emerging economies like China because of the cost-effective production of chemicals in the region as compared to the western countries. Besides, monosodium citrate is expected to register a strong market presence in the Asia Pacific owing to the presence of China and India, which account for 32.68% of the world’s population. The increasing population is anticipated to uplift end-user industries and create demand for consumer products which will further boost the demand for monosodium citrate, which is used in the formulation of these products. The manufacturers are anticipated to reinforce their research and development facilities and strengthen their supply chain in order to attain a good profit margin. However, fluctuations in the raw materials prices may hinder the steady growth of the global monosodium citrate market.
The monosodium citrate market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the monosodium citrate market, including but not limited to: regional markets, form, functionality, and end use.
The study is a source of reliable data on:
- Monosodium citrate market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The monosodium citrate market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the monosodium citrate market report projects the attractiveness of each major segment over the forecast period.
Highlights of the Monosodium Citrate market report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the monosodium citrate market
- Recommendations to companies for strengthening their foothold in the monosodium citrate market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.