Ammonium Ferric Citrate Market

Ammonium Ferric Citrate Market - Size, Share, Outlook, and Opportunity Analysis, 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.
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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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