Ammonium Ferric Citrate Market: Emerging Trends and Growth Opportunities
Ammonium Ferric Citrate is a chemical compound commonly used in various industries for its versatile applications. In this comprehensive overview, we will delve into its definition, market overview, growth prospects, and industry trends. Definition: Ammonium Ferric Citrate, also known as ammonium iron(III) citrate, is a chemical compound composed of iron, ammonia, and citric acid. It is a stable, water-soluble salt with a wide range of applications, primarily in the pharmaceutical, food and beverage, and agriculture sectors. Its versatility arises from its unique properties, including its ability to act as an iron supplement, a reducing agent, and a stabilizing agent in various formulations. Market Overview: The Ammonium Ferric Citrate market has witnessed steady growth in recent years due to its diverse applications and increasing demand across several industries. The market is characterized by a growing emphasis on health and nutrition, leading to a rising need for ...