Growth of Energy Drinks Market Driving the Demand in the Sodium Citrate Market
London, Mar 27, 2018: The market for energy drinks and other health-based beverages has been growing rapidly. Sodium citrate is used in the product formulation in these beverages as an acidity regulator, flavoring agent, and acidulant in club sodas. The growth of the energy drinks market is expected to drive the demand for sodium citrate.
SpendEdge’s latest procurement research report on the global sodium citrate market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the chemicals, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
“Large F&B businesses, especially in the US and Western European countries such as Germany, the UK, and France, are increasingly looking to source non-GMO-based sodium citrate ingredients for product formulations. Increasing awareness about the health and environmental risks associated with consuming GMO-based F&B products will drive the demand for non-GMO based sodium citrate.” – A. Kowshik, chemicals expert at SpendEdge.
As China remains the most significant bulk-based producer and exporter of sodium citrate, end-user businesses across multiple geographies are exporting the citrate from the country. Though they may take advantage of low costs associated with production in China, they may incur high costs associated with transportation and logistics of shipping. These costs are likely to continue the upward trend as oil prices rise. As a result, procurement professionals are facing challenges regarding sourcing of sodium citrate.
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This procurement report on the sodium citrate market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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