During the initial months of 2023, sodium citrate prices in Asia surged, bolstered by heightened domestic and international interest, fueling both sales and pricing. To cope with escalating demand, several manufacturers increased their production rates, averting any scarcity issues.

Yet, the second quarter took a downward turn as trade activities in the food and pharmaceutical sectors gradually waned, resulting in a decreased appetite for sodium citrate. China's dwindling export orders, amidst sluggish economic conditions, further contributed to the price dip.

In Europe, the first quarter witnessed a sharp price hike due to heightened consumer demand and limited stock availability. However, the subsequent quarter saw a gradual decline, influenced by underperformance in the citric acid sector and reduced demand from related industries. A parallel trend unfolded in North America, where a first-quarter surge in prices, driven by the food and pharmaceutical sectors and costly imports from China, was followed by a setback in the second quarter. The declining prices of citric acid and economic instability hampered the recovery of sodium citrate prices in this region.

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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 analysis, 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 used across multiple industries. Within the food sector, it acts as a versatile additive, serving as an emulsifier, preservative, and flavor enhancer. Its role in processed cheese ensures stability, preventing separation and maintaining a creamy texture. In beverages, it regulates acidity and amplifies flavors in soft drinks and fruit-based drinks. Its significance extends to pharmaceuticals, where it functions as a crucial anticoagulant in blood transfusion bags, averting clotting during storage. Additionally, the cosmetic industry relies on sodium citrate as a pH stabilizer in skincare products. Its chelating properties render it valuable in diverse industrial processes like water treatment and metal cleaning, where it binds to metal ions, preventing undesired interactions. The adaptability and safety of sodium citrate render it an essential element in numerous industrial applications.

Key Players:

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

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