During the first quarter of 2023, sodium citrate prices in Asia surged upward due to heightened local and global interest, spurring sales and consequently, price hikes. To meet escalating demands, several producers ramped up their output, averting potential shortages.

However, the second quarter painted a contrasting picture as trade activities within the food and pharmaceutical sectors tapered off, leading to diminished interest in sodium citrate. China's reduced export orders, amidst sluggish economic conditions, further fueled the price downturn.

In Europe, a robust first quarter witnessed a sharp price spike owing to heightened consumer attention and constrained stock availability. Nonetheless, the subsequent quarter observed a gradual decline attributed to lackluster performance in the citric acid sector and reduced demands from related industries. North America mirrored this trend, experiencing a price surge in the initial quarter propelled by robust activity in the food and pharmaceutical realms, along with an influx of pricier imports from China. Yet, as citric acid prices fell and economic uncertainties prevailed, the recovery of sodium citrate prices in the second quarter remained stymied.

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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 remarkably adaptable compound, boasts broad industrial use across multiple sectors. Within the food industry, it serves as a versatile additive, functioning as an emulsifier, preservative, and flavor enhancer. Its role in processed cheese ensures stability and a smooth texture, averting separation and ensuring a rich, creamy quality. In beverages, it regulates acidity and amplifies taste, contributing to the flavor profile of soft drinks and fruit-based beverages.

In pharmaceuticals, sodium citrate takes on a critical role as an anticoagulant in blood transfusion bags, preventing clotting during storage and ensuring the integrity of blood products. Its application extends further into cosmetics, where it acts as a pH regulator in skincare formulations.

Moreover, its chelating properties render it invaluable across industries, aiding in water treatment and metal cleaning by binding to metal ions, preventing undesired interactions. The versatility and safety of sodium citrate solidify its position as an indispensable component in various industrial applications.

Key Players:

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

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