According to the report “Tricalcium Citrate Market: By Type (Granular, Micro ionized Powder, and Powder); By Application (Food & Beverage, Personal Care, and Others) & By Region (Europe, North America, Asia-Pacific, RoW)-Forecast (2016-2022)” published by IndustryARC, estimates the market to reach $806.53 million by 2021.
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Tricalcium Citrate is commonly used salt of calcium due to its higher calcium content of 27% and good absorption properties. It is used in many end-use industries such as food & beverage, agriculture, healthcare and so on. However, food & beverage and healthcare industry are the major industries which are occupying prominent share among all other applications. Prior to food fortification applications it is being used as a preservative in dairy products and as firming agent. Tricalcium citrate is being used in fertilizer to improve plant growth, for better yield and quality crops. As per a recent report from IndustryARC, the global tricalcium citratemarket was $661.64 million as of 2016, and is estimated to grow at a CAGR of 3%-5% till 2021.
Market of tricalcium citrate is fragmented and degree of competition among the existing players is high. Manufacture of tricalcium citrate is not capital intensive hence the threat of new entrants are high. Calcium citrate are available in two different forms, powder and granular. Granular tricalcium citrate is used in fertilizers and pharmaceuticals whereas powder tricalcium citrate is being used in food and beverage applications.
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Technological developments in the micronized grades of calcium citrate in fortification application tend to drive the market although health hazards caused by the consumption of tricalcium citrate are one of the major challenges for tricalcium citrate. Europe tends to the leading consumer of tricalcium citrate followed by APAC.
The Prominent Players in this Market Include
There is high degree of competition among these players as they all serve to the same end-use industries also as the threat of new entrants is low and as several small players exists, they compete each other to sustain higher market shares. Among the existing players, Jungbunzlauer and BASF SE are the major players, holding more than 15% of the global market share; Major players hold minor share in the global tricalcium citrate market.
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