Food additives are used to make flavours “sharper” as they acts as flavouring agents. Some common food additives include triammonium citrate, malicacid, fumaric acid, tartaric acid, etc.
Future Market Insights' analysis projects that the triammonium citrate market will grow at a CAGR of 5.9% during the period of forecasting. The industry is expected to increase in value from US$364.3 million in 2022 to US$646.3 million in 2032. The market for triammonium citrate was worth US$ 345.3 million at the end of 2021.
It is an inorganic substance that is a light ammonia odour and white crystalline powder. In food and oil, it serves as an emulsifier and flavouring ingredient. In water, triammonium citrate is easily soluble. So, it's also incorporated into washing solutions. It can function as a buffering agent since it contains a conjugate base of a weak acid.
The preservation of blood in blood collection tubes is another application for triammonium citrate in blood banks. In order to lower the risk of a caesarean section procedure, it is also administered as an antacid before to anaesthesia.
Triammonium citrate also functions as a chelating agent for the metal ions, aiding in the dispersion of the particles or breaking them up into smaller pieces.
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Global Triammonium Citrate Market: Drivers and Restraints
Increasing demand of triammonium citrate in food and beverages industry due to increasing demand for emulsifiers and preservatives, is primarily driving the growth of global triammonium citrate market.
Furthermore, it is also used as an ingredient in ready to drink beverages and other commercial beverage mixtures, which is further fuelling the growth of global triammonium citrate market. Moreover, the increasing demand for triammonium citrate in bakery and confectionary products such as chocolates, etc. is also fuelling the growth of global triammonium citrate market.
Increasing uses of triammonium citrate in pharmaceuticals is also catalysing the growth of global triammonium citrate market as it functions as acidity regulator.
Moreover, the increasing demand for triammonium citrate in cosmetics products owing to emulsifiers is further fuelling the growth of global triammonium citrate market. Furthermore, the increasing awareness of consumers regarding the benefits and uses of triammonium citrate due to extensive research and developments by the companies is further driving the growth of global triammonium citrate market.
Although, the global triammonium citrate market is growing but some factors are limiting the growth of the market. In certain foods these additives are permitted to use in a specific limit, which can be a limiting factor to the global triammonium citrate market.
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Global Triammonium Citrate Market: Region wise Outlook
The global triammonium citratemarket is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). ). The global triammonium citratemarket is increasing in developing countries such as India, etc. due to growing food and cosmetics industry.
Latin America is among the emerging clusters of the globe, which are anticipated to witness an above average CAGR over the forecast period. However, the global triammonium citratemarket is expected to witness a steady growth by the end of 2027.
Global Triammonium Citrate Market: Key Players
Some of the prominent players in the global triammonium citratemarket are-
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and Industry.
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Regional analysis includes
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies
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Global Triammonium Citrate Market: Segmentation
On the basis of product type, the global triammonium citratemarket is segmented into:-
On the basis of applications, the global triammonium citratemarket is segmented into:-
On the basis of functionality, the global triammonium citratemarket is segmented into:-
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Jan 31, 2023
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