Ammonium Ferric Citrate Market

Ammonium Ferric Citrate Market - Size, Share,
Outlook, and Opportunity Analysis, 2019 – 2027
The global ammonium ferric citrate market size is expected to witness potential gains
in the future, and register a significant CAGR over the forecast period (2019 - 2027).
Market Overview
Ammonium ferric citrate is a water soluble, reddish-brown compound, whose odor
carries a faint trace of ammonia. The compound is used as a food additive in powder
form with the purpose of controlling and regulating acidity. Unlike ferric citrate,
ammonium ferric citrate is highly soluble. The compound is a source of iron, and
therefore has application as a nutrient supplement. It is created by reacting ferric
hydroxide with citric acid, and then treated with ammonium hydroxide, followed by a
process of evaporating and drying. The resultant product is either a brown form
containing 16-18% of ferric ammonium citrate and iron, or a greenish compound
carrying 14-16% iron.
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Market Dynamics
Ammonium ferric citrate has a wide range of applications in processes such as water
purification, as a reducing agent, in blueprinting, for medical treatment, as a food
additive in animal food, and in photography. Increasing demand for ammonium ferric
citrate in several end use industries such as pharmaceutical, food and beverage,
wastewater management, and printing among others, is expected to be a major
contributing factor to the growth of the global ammonium ferric citrate market. Growth
of the pharmaceutical industry is driven by increasing disease incidence resulting
from pollution and unhealthy lifestyle. Furthermore, demand for convenience food
and changing food habits among the populace is adding to the revenue generated by
the food and beverage industry.
However, factors such as environmental and health hazards caused by ammonium
ferric citrate can pose a challenge to the market growth. Prolonged exposure or
contact with the skin can cause mild irritation to the skin. Moreover, the dust can
irritate the throat, nose, and lungs.
Market Outlook
The Asia Pacific region is estimated to witness the fastest growth in the global
ammonium ferric citrate market during the forecast period, due to increasing
developments in the pharmaceutical sector, escalating population, swiftly expanding
urban sector, as well as the rise in the revenue generated by the construction and
automotive industries. China is predicted to generate the highest revenue owing to
increasing manufacturing, distribution, and export of ammonium ferric citrate to
regions such as Europe and Latin America. Countries such as Japan and India are
also likely to have a major market share owing to the latter’s distribution channels in
the North America region.
Key Players
Some of the key players operating in the market are Eminenco Pharma, West
Bengal Chemical Industries Limited, Shreenath Chemicals, New Alliance Dye
Chemicals Private Limited, West Bengal Chemical Industries Limited, and Devendra
Kirti Pharmachem among others.
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The global ammonium ferric citrate market size is expected to witness potential gains in the future, and register a significant CAGR over the forecast period (2019 - 2027).

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