Ferric Ammonium Citrate Market

Market Overview

According to Reed Intelligence the Global Ferric Ammonium Citrate Market Size will approximately grow at a CAGR of 10.6% during the forecast period.

Ferric Ammonium Citrate comprises ferric iron (Fe3+), ammonium ions, and citric acid. Due to its distinct characteristics, it is utilized in numerous industries and applications.

Ferric Ammonium Citrate is frequently used in the pharmaceutical and medical industries. It is an ingredient in pharmaceutical formulations, dietary supplements, and medications. As a source of iron, which is an essential mineral for the human body, it can be found in certain iron supplements. Iron is essential for many physiological processes, including oxygen transport, energy production, and DNA synthesis.

The growth of the global ammonium ferric citrate market can be caused by the increased demand from the food and beverage industries as a preservative and coolant. This compound contributes to enhancing these products' appearance and flavor and providing additional functional advantages, such as pH regulation and preservation. Moreover, the food industry is continuously innovating and introducing novel products. This generates a constant demand for novel ingredients, such as advanced chemicals.

Market Dynamics

Market Drivers

• Growing Demand for Pharmaceutical and Dietary Supplements

Ferric Ammonium Citrate is frequently utilized as an iron supplement in pharmaceuticals and dietary supplements. Iron deficiency is a prevalent global health problem, and Ferric Ammonium Citrate is an effective treatment. Rising awareness of iron-deficiency anemia and a growing emphasis on preventive healthcare has increased the demand for iron supplements, thereby driving the Ferric Ammonium Citrate market growth.

• Increasing Utilization in the Food and Drink Industry

The food and beverage industry also employs ferric ammonium citrate as a food additive. It is a source of iron and imparts a distinctive red hue to numerous culinary products. As consumers pursue healthier options, a growing demand for fortified foods and beverages is growing. Ferric Ammonium Citrate is commonly added to cereals, infant formulas, nutritional bars, and beverages to boost their nutritional value. The expansion of the Ferric Ammonium Citrate in the food and beverage industry is attributable to the growing demand for functional foods and awareness of iron-fortified products.

Market Restraints

• Availability of Substitutes

Ferric ammonium citrate competes with iron compounds used in various applications, including iron supplements, food fortification, and water remediation. Ferrous sulfate, ferrous fumarate, and ferric chloride are alternatives. These alternatives may provide similar or comparable benefits at a lower price or with improved solubility, affecting the market demand for ferric ammonium citrate.

Market Opportunities

• Agriculture and Feed for Animals

Iron is essential for plant development and animal nutrition. In agricultural fertilizers and animal feed supplements, ferric ammonium citrate can be used as a source of iron. The agricultural sector's increasing emphasis on crop yield and animal health presents an opportunity for the market for ferric ammonium citrate to expand. Developing specialized formulations for various crops, promoting the benefits of iron supplementation in animal feed, and forming partnerships with the agricultural and veterinary industries can unleash growth potential in this industry.

Market Scope

Segmental Analysis

Segmentation By Type

• Pharma Grade

It is commonly used in pharmaceutical and dietary applications. Ferric iron, ammonium, and citrate combine to produce this complex salt. The compound is valued for its capacity to provide a bioavailable and stable iron source. Ferric ammonium citrate of pharmaceutical grade is subjected to exact quality control measures to ensure purity, safety, and consistency. Good Manufacturing Practices (GMP) are followed to meet pharmaceutical standards and regulatory requirements.

• Food Grade

It is commonly used in the food industry as a source of iron. The combination of ferric iron, ammonium, and citric acid forms this soluble salt. This compound is highly water-soluble and yellowish to light brown in color. By adding Ferric Ammonium Citrate to food products, manufacturers can increase the nutritional value of their products and aid in preventing iron deficiency anemia, a common nutritional disorder. Ferric Ammonium Citrate of food grade ensures that the iron fortification is safe to consume and meets the regulatory requirements for food additives.

Segmentation By Application

• Medicine

Citrate of Ferric Ammonium can be used in water treatment procedures. It is frequently employed as a coagulant or flocculant to assist in removing impurities, turbidity, and organic matter from water. It aids in precipitating suspended particles, making them easier to settle and filter out. It is also used as a reagent in numerous analytical procedures. It can be used as a colorimetric indicator for detecting specific substances and a reducing agent in chemical reactions.

• Food & Nutritional Supplement

Ferric ammonium citrate is frequently used in food fortification as a source of iron. Iron is an essential mineral for the body, and adding iron to food products prevents iron deficiency anemia, particularly in at-risk populations. It can be added to various foods, including cereals, infant formulas, bread, macaroni, and dietary supplements.

Regional Analysis

The Global Ferric Ammonium Citrate Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America

In North America, specifically the United States and Canada, the pharmaceutical and food processing industries are highly developed, creating a demand for ferric ammonium citrate. The extent and growth of the market in North America can be affected by demographics, healthcare trends, dietary preferences, and regulatory policies.

Europe

The European market for Ferric Ammonium Citrate is influenced by the demand for iron supplements, government regulations, and economic conditions in general. As Ferric Ammonium Citrate is commonly used in iron supplements to treat iron deficiency anemia, the pharmaceutical industry will likely drive market growth. Keryx (Akebia), Panion and BF Biotech, Japan Tobacco (JT), Showa Kako, Nantong Feiyu, and others are the leading competitors in the European FAC market.

Asia-Pacific

The compound ferric ammonium citrate is utilized in numerous industries, including the pharmaceutical, food and beverage, and photography sectors. It is commonly used as a dietary supplement and as a source of iron in culinary products. With its large population and expanding industries, the Asia-Pacific region has become a significant market. China, India, Japan, South Korea, and Southeast Asian nations have historically been the largest consumers of Ferric Ammonium Citrate in the Asia-Pacific region. Due to the expansion of the pharmaceutical and food industries and the growing awareness of iron deficiency and its associated health issues, these nations have experienced an increase in demand.

South America

The market for Ferric Ammonium Citrate in South America would be influenced by factors such as industrial demand, population health, government regulations, and economic conditions. Different countries in the region, including Brazil, Argentina, Colombia, Peru, and Chile, may have varying market sizes and rates of expansion.

Middle East and Africa

The pharmaceutical and food industries are anticipated to experience significant growth in the Middle East and Africa, which could positively impact the demand for ferric ammonium citrate. Countries in the region, such as Saudi Arabia, the United Arab Emirates, and South Africa, have a growing population and a greater emphasis on healthcare, which may increase demand for pharmaceutical products containing ferric ammonium citrate.

Key Players

1. Keryx (Akebia)
2. Panion & BF Biotech
3. Japan Tobacco (JT)
4. Showa Kako
5. Nantong Feiyu
6. Innophos
7. Jost Chemical
8. Ruipu Biological
9. Shreenath Chemical
10. West Bengal Chemical Industries

Recent Developments

19 August 2021 - Grede, a prominent manufacturer specializing in the production of meticulously engineered cast and machined iron components, has successfully completed the acquisition of Neenah Enterprises, Inc. (NEI) Advanced Cast Products (ACP) business.