Tricalcium Citrate Market is anticipated to hit $870.67 million by 2023 at a CAGR of 4%
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Tricalcium Citrate Market
European region holds the largest market share in the Tricalcium Citrate Market and is anticipated to reach $363.4 million by 2023 at a CAGR of 4.30%.
HYDERABAD, TELANGANA, INDIA, June 18, 2018 /EINPresswire.com/ -- According to the new market research report by IndustryARC titled “By Type (Granular, Powder); By Application (Food & Beverage, Healthcare, Agriculture, Cleaners and Detergents and Others) & By Region (Europe, North America, Asia-Pacific, RoW)-Forecast (2017-2021)”, the market is driven by the extensive use of food supplements globally and growing awareness about health.Europe held the largest market share in the Tricalcium Citrate Market
However, Americas witnesses highest growth during the forecast period and is expected to reach $192.6 million by 2023 at a CAGR of 4.8%.
Selected Value Chain Analysis done in the full report
The market for Tricalcium Citrate is quite small, although it finds variety of applications in health care, agrochemicals and many more. Tricalcium Citrate is basically fine white powder whose major application is in the health care industry where it is being used as supplements and additives. It is also a business, which is well positioned to add greater value in the future.
The value chain of Tricalcium Citrate analyzes the major steps involved in procuring the raw material citric acid in this case, and then adding selected additives in order to produce Tricalcium Citrate. Many other processes are performed further in transforming them into Tricalcium Citrate. Manufacturing of Tricalcium Citrate is not capitally intensive, nor does it require specialized equipment
Citric acid is reacted with calcium carbonate or calcium hydroxide salts to form precipitates which are later filtered to obtain calcium Citrate. It has industrial applications in health care, fertilizers, food & beverage, detergents and many more.
Among various steps involved in value chain, processing methods like fermentation, neutralization and filtration adds value at each step, making the end product better.
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https://industryarc.com/Report/16984/tricalcium-citrate-market.html
Excerpts on Market Growth Factors
The Tricalcium Citrate Market is primarily driven by the development of micronized grades for Tri-Calcium citrate in dairy foundation. Also, in detergents, Tri-Calcium is used as a replacement for Tri Sodium Phosphate.
The market value of healthcare segment is anticipated to reach $127.98 million by 2021 growing at a CAGR of 5.6% because of all the radical technological innovations in this sector.
Furthermore, Tricalcium Citrate has specific advantage from pharmacological point of view that shows calcium Citrate inhibits the growth of kidney and urinary duct stones.
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Key players of Tricalcium Citrate Market:
Among the existing players, Jungbunzlauer and BASF SE are the major players, holding 10% and 8% of the global market share respectively.
Thermo Fisher and Imery’s are the other major players, with 7% and Jungubunzlauer 5% global share respectively.
There are many other players for the Tricalcium Citrate market globally. These small companies hold the remaining 70% of the global share. This imbalance in major and minor players exists due to the market being highly fragmented.
Most of the players involved in the business are privately held and operate on a small scale to cater to the needs of the regional market.
Being prepared industrially on a very large scale by the major companies such as, Jungbunzlauer Suisse AG, BASF SE, Dastech International Inc. Alfa Aesar and Jost Chemical Co., Tricalcium Citrate is being distributed to various industries on a large scale.
Imery’s constitutes the least share among the major players as the revenue generated by the sales of Tricalcium Citrate is very less. When compared to other major players, its global presence is not as prominent.
From an in-depth analysis of patent holders, it is evident that no company has a monopoly of holding patents in the field. On the contrary, Kvasenkov Oleg Ivanovich, a scientist and author from Russia holds the maximum number of patents. (146 out of 153 patents in Russia are granted to him).
Tricalcium Citrate Market Report is segmented as indicated below
Tricalcium Citrate Market By Type:
1.Granular
2.Powder
Tricalcium Citrate Market By Application
1.Food & Beverages
2.Healthcare
3.Agriculture
4.Cleaners & Detergents
5.Others
Tricalcium Citrate Market By Geography (Covers 12 + Countries)
Tricalcium Citrate Market By Entropy
Tri-Calcium Citrate is most economic compared to other calcium additives.
Companies Cited/Referenced/Interviewed:
Dr. Paul Lohman GMBH KG
siamerica Group Inc.
Rochem International Inc.
City Chemical LLC
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10+
Related Reports:
A.Potassium Citrate Market
https://industryarc.com/Report/15987/potassium-citrate-market.html
B.Sodium Citrate Dihydrate Market
https://industryarc.com/Report/16253/sodium-citrate-dihydrate-market.html
What can you expect from the report?
The Tricalcium Citrate Market is Prepared with the Main Agenda to Cover the following 20 points:
1.Market Size by Product Categories
2.Market trends
3.Manufacturer Landscape
4.Distributor Landscape
5.Pricing Analysis
6.Top 10 End user Analysis
7.Product Benchmarking
8.Product Developments
9.Mergers & Acquisition Analysis
10.Patent Analysis
11.Demand Analysis (By Revenue & Volume)
12.Country level Analysis (15+)
13.Competitor Analysis
14.Market Shares Analysis
15.Value Chain Analysis
16.Supply Chain Analysis
17.Strategic Analysis
18.Current & Future Market Landscape Analysis
19.Opportunity Analysis
20.Revenue and Volume Analysis
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About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.
We look forward to support the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
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IndustryARC
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