Market Overview:
The global ferric citrate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food grade and pharma grade ferric citrate from various applications such as medicine, food & nutritional supplement, and other applications. North America is expected to lead the global ferric citrate market in terms of revenue during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Ferric citrate is a ferric salt of citric acid. It is used as an oral supplement to treat iron deficiency anemia.
Food Grade:
Food grade ferric citrate is a salt-based additive used as a preservative in food and beverage products. It helps to increase the shelf life of processed meat, poultry, seafood & dairy products by inhibiting microbial growth. Food grade ferric citrate has wide applications in bakery & confectionery items, canned vegetables/fruits and processed meat among others owing to its antimicrobial properties.
Pharma Grade:
Pharma grade is used in the production of ferric citrate. It is a powder form of iron (III) oxide which has high usage in medical and pharmaceutical industries owing to its properties such as antimicrobial, anti-inflammatory, antioxidant and others. The increasing prevalence of diseases due to the rising geriatric population coupled with increasing awareness regarding health & fitness are some factors that are expected to drive this market over the forecast period.
Application Insights:
The other application segment accounted for the largest revenue share of over 50% in 2017. The product is widely used as a citric acid alternative in various food & beverage applications including cakes, cookies, soft drinks and snacks. It is also employed as an ingredient in several medicines owing to its anti-inflammatory and anticoagulant properties.
Ferric citrate has been proven to be an effective chelating agent that can remove metal ions from water solution thereby making it suitable for consumption purposes. Thus, it finds numerous applications such as water treatment where it acts as a natural antioxidant by removing harmful free radicals generated during the process of treating city water with iron oxide particles suspended in carbonate buffer solutions (BCS).
The product demand from pharmaceutical industry is expected to witness significant growth on account of its ability to act as a natural antioxidant without any side effects or drug interactions which makes it suitable for oral consumption along with vitamin C supplementation.
Regional Analysis:
North America dominated the global ferric citrate market in 2017. The region is expected to witness a CAGR of XX% over the forecast period owing to high product demand from various end-use industries, such as food & beverage and pharmaceuticals. In addition, increasing prevalence of iron deficiency anemia among women is anticipated to drive the regional market growth over the forecast period.
Asia Pacific is expected to be one of fastest growing regions due to rapid industrialization and urbanization coupled with rising disposable income levels in emerging economies including China.
Europe was valued at USD X million in 2017 owing both Food Grade (Pharma grade) And Pharma Grade Ironcitrate Market By Application (Food & Nutritional Supplement).
Growth Factors:
- Increasing prevalence of anemia: The increasing prevalence of anemia is one of the key growth drivers for the ferric citrate market. According to a study by the World Health Organization (WHO), around 30% of the world’s population suffers from some form of anemia, which is expected to increase to 45% by 2030. This high prevalence is mainly attributed to the changing lifestyle and dietary habits, which lead to nutritional deficiencies in people. Ferric citrate is used as a treatment for iron deficiency anemia and its growing demand can be attributed to this factor.
- Rising geriatric population: The global geriatric population is growing at a rapid pace and this trend is expected to continue in the coming years. As per estimates by United Nations, there will be more than two billion people aged 60 or above by 2050, accounting for nearly one-third of the world’s population. This rising geriatric population presents a major opportunity for players operating in the ferric citrate market as they are more prone to suffer from iron deficiency anemia than other age groups due their low intake of dietary iron and increased requirement owingto their physiological changes such as loss of blood during menstruation or childbirth etcetera .
Scope Of The Report
Report Attributes
Report Details
Report Title
Ferric Citrate Market Research Report
By Type
Food Grade, Pharma Grade
By Application
Medicine, Food & Nutritional Supplement, Other
By Companies
Keryx, Panion & BF Biotech, Japan Tobacco, Nantong Feiyu, Innophos, Jost Chemical, Showa Kako, Ruipu Biological, Shreenath Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Ferric Citrate Market Report Segments:
The global Ferric Citrate market is segmented on the basis of:
Types
Food Grade, Pharma Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medicine, Food & Nutritional Supplement, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Keryx
- Panion & BF Biotech
- Japan Tobacco
- Nantong Feiyu
- Innophos
- Jost Chemical
- Showa Kako
- Ruipu Biological
- Shreenath Chemical
Highlights of The Ferric Citrate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Pharma Grade
- By Application:
- Medicine
- Food & Nutritional Supplement
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ferric Citrate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ferric citrate is a mineral supplement that helps to prevent iron deficiency anemia. It is also used to treat other conditions caused by a lack of iron, such as fatigue and weakness.
Some of the major companies in the ferric citrate market are Keryx, Panion & BF Biotech, Japan Tobacco, Nantong Feiyu, Innophos, Jost Chemical, Showa Kako, Ruipu Biological, Shreenath Chemical.
The ferric citrate market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ferric Citrate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ferric Citrate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ferric Citrate Market - Supply Chain
4.5. Global Ferric Citrate Market Forecast
4.5.1. Ferric Citrate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ferric Citrate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ferric Citrate Market Absolute $ Opportunity
5. Global Ferric Citrate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ferric Citrate Market Size and Volume Forecast by Type
5.3.1. Food Grade
5.3.2. Pharma Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ferric Citrate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ferric Citrate Market Size and Volume Forecast by Application
6.3.1. Medicine
6.3.2. Food & Nutritional Supplement
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ferric Citrate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ferric Citrate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ferric Citrate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ferric Citrate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ferric Citrate Demand Share Forecast, 2019-2026
9. North America Ferric Citrate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ferric Citrate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ferric Citrate Market Size and Volume Forecast by Application
9.4.1. Medicine
9.4.2. Food & Nutritional Supplement
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ferric Citrate Market Size and Volume Forecast by Type
9.7.1. Food Grade
9.7.2. Pharma Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ferric Citrate Demand Share Forecast, 2019-2026
10. Latin America Ferric Citrate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ferric Citrate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ferric Citrate Market Size and Volume Forecast by Application
10.4.1. Medicine
10.4.2. Food & Nutritional Supplement
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ferric Citrate Market Size and Volume Forecast by Type
10.7.1. Food Grade
10.7.2. Pharma Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ferric Citrate Demand Share Forecast, 2019-2026
11. Europe Ferric Citrate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ferric Citrate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ferric Citrate Market Size and Volume Forecast by Application
11.4.1. Medicine
11.4.2. Food & Nutritional Supplement
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ferric Citrate Market Size and Volume Forecast by Type
11.7.1. Food Grade
11.7.2. Pharma Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ferric Citrate Demand Share, 2019-2026
12. Asia Pacific Ferric Citrate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ferric Citrate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ferric Citrate Market Size and Volume Forecast by Application
12.4.1. Medicine
12.4.2. Food & Nutritional Supplement
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ferric Citrate Market Size and Volume Forecast by Type
12.7.1. Food Grade
12.7.2. Pharma Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ferric Citrate Demand Share, 2019-2026
13. Middle East & Africa Ferric Citrate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ferric Citrate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ferric Citrate Market Size and Volume Forecast by Application
13.4.1. Medicine
13.4.2. Food & Nutritional Supplement
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ferric Citrate Market Size and Volume Forecast by Type
13.7.1. Food Grade
13.7.2. Pharma Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ferric Citrate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ferric Citrate Market: Market Share Analysis
14.2. Ferric Citrate Distributors and Customers
14.3. Ferric Citrate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Keryx
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Panion & BF Biotech
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Japan Tobacco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nantong Feiyu
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Innophos
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jost Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Showa Kako
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ruipu Biological
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shreenath Chemical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
