Sodium Citrate Price History and Forecast Analysis | Procurement Resource

During the initial quarter of 2023, sodium citrate prices in Asia surged, responding to heightened domestic and international inquiries that bolstered sales and drove prices upward. To meet the escalating demand, some manufacturers ramped up production, effectively averting potential shortages.

Yet, the succeeding quarter witnessed a downturn as trading activities within the food and pharmaceutical sectors gradually waned, signaling a reduced need for sodium citrate. China’s dwindling export orders, influenced by sluggish economic activity, also contributed to the price dip.

Similarly, Europe experienced an initial surge in prices in the first quarter due to heightened consumer interest and limited stock availability. However, the second quarter saw a gradual decline, impacted by lackluster performance in the citric acid sector and diminished demand from related industries. North America mirrored this trend with a price hike in the first quarter propelled by the food and pharmaceutical sectors and increased expensive imports from China. Nevertheless, the second quarter saw prices falter due to declining citric acid prices and economic instability, impeding the recovery of sodium citrate prices.

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Definition

Sodium citrate, a sodium salt of citric acid, is a crystalline compound with diverse applications. It is known for its excellent chelating properties, making it valuable in the food and beverage industry as a preservative and flavor enhancer. Sodium citrate acts as an emulsifying agent in cheese products, contributing to a smooth texture. It is also used in medicine as an anticoagulant in blood transfusions and as an alkalizing agent in medications. Sodium citrate exhibits a pH buffering capacity, maintaining acidity in various products. Its ability to complex with metal ions makes it a versatile compound in many industrial processes, from food production to pharmaceuticals and beyond.

Key Details About the Sodium citrate Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sodium citrate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Sodium citrate Price trends, including India Sodium citrate price, USA Sodium citrate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Sodium citrate Price Trend:

Sodium citrate, a highly adaptable compound, is widely utilized in various industries. Within the food sector, it functions as an additive, serving as an emulsifier, preservative, and flavor enhancer. Its role in maintaining the consistency of processed cheese is significant, preventing separation and ensuring a smooth, creamy texture. In beverages, particularly soft drinks and fruit-based ones, sodium citrate helps regulate acidity while amplifying the overall flavor. In pharmaceuticals, it serves as a vital anticoagulant in blood transfusion bags, preventing clotting during storage. Moreover, the cosmetic industry benefits from its use as a pH stabilizer in skincare formulations. Its ability to chelate makes it valuable in industrial processes such as water treatment and metal cleaning, where it binds to metal ions, averting undesirable interactions. Sodium citrate’s adaptability and safe nature render it an essential ingredient across numerous industrial applications.

Key Players:

• Pan Chem Corporation
• Jungbunzlauer Suisse AG
• Cargill Incorporated
• ADM
• ATP Group

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