Citric acid considered as a weak organic acid that has the chemical formula C6H8O7. It is found in citrus fruits, and is used as a food additive to add tartness to foods and as a preservative. Citric acid can also be used as a natural cleaning agent, and it is sometimes added to tap water to make it less corrosive.
Citric acid is a weak organic acid that is found in citrus fruits and other plants. It has many benefits, including:
1. Citric acid can be used to make cleaning solutions more effective.
2. It can be used as a preservative in food products.
3. It can be used to add flavor to food products.
4. It has antioxidant properties that can help protect cells from damage.
5. It can help the body absorb minerals from food products.
Industry growth is expected to be driven by high demand for the product in order to preserve food. Market growth will be aided by the rising demand for the product in the pharmaceutical industry for the manufacture of digestive medicines.
Citric acid adds tartness, sourness, and enhances flavours. Citric acid can be used in food products to prolong shelf life and inhibit microbial growth. Over the next eight year, product demand is expected to increase due to the aforementioned factors.
Get detailed insight: Citric Acid Market
The U.S. market is projected to grow steadily over the next 8 year. In 2016, it was valued at USD 448.4 Million. The majority of Citric acid is used in regional food processing to increase the shelf-life of convenience foods. Industry trends are expected to be influenced by the well-established food processing industry.
North American regulations for the use citric acid in nutraceuticals or nutricosmetics and dietary supplements, especially infant formulas, are very strict. This will be a problem for regional players. It has caused stagnation in the development of products for infant formulations.
Citric acid-based products are being introduced by manufacturers to various market segments, including confectionery, diabetes baked products, icecreams, low-calorie jellies and sugary drinks & snacks as well as low-fat dairy products. This is due to the rising demand for these products.
In order to meet increasing product demand, many companies in the industry are working to increase their production capabilities. Jungbunzlauer (a major manufacturer biodegradable ingredient) announced that it had built a new citric Acid plant in Austria in December 2017.
Key Market Segments
Type
- Anhydrous Citric Acid
- Liquid Citric Acid
Application
- Food
- Pharmaceuticals & Personal Care
- Detergents & Cleansers
- Animal Feed
- Textile
Key Market Players included in the report:
- Archer Daniels Midland Company
- Cargillorporated
- Tate & Lyle PLC
- Jungbunzlauer Suisse AG
- Cofco Biochemical (Anhui).
- Huangshi Xinghua Biochemical Co.Ltd
- RZBC Group Co. Ltd.
- Weifang Ensign Industry.
- Gadot Biochemical Industries Ltd.
- S.A. Citrique Belge N.V.
Regional Insights
According to the World Health Organization, approximately 65-70 million North Americans have problems with their digestive systems. This has resulted in a rise in demand for food and beverages containing digestive citric acid, as well as pharmaceuticals, which has had a positive impact on the industry’s trend.
According to the German Nutrition Society, awareness of the benefits of citric acid in maintaining healthy digestive systems has increased to 49% in Europe in 2016, compared to 44% in 2015, according to DGE. According to the DGE, there was a rise in people who consume citric acid-based yogurt for their digestive health.
Market growth is being driven by a growing awareness in the Middle East regarding citric acid-based pharmaceuticals as well as food & beverage. In an effort to expand their presence in the region, a number of international market players are opening offices and plants. Pfizer, for example, opened a new Saudi Arabian pharmaceutical manufacturing facility in January 2017.
The Asia Pacific market for citric acid is expected to grow at the fastest rate over the forecast period in China. Market forces include the growing geriatric population, prevalence of lifestyle diseases like cardiovascular disease, mental illness, and issues related to gut health.
Market Share insights
Citric acid is manufactured by companies such as Pfizer, Inc., Tate & Lyle plc, and Danisco A/S. For consistent product supply, citric acid buyers sign long-term agreements with distributors. Citric acid is supplied to consumers by distributors such as Metagenics or MP Biomedicals.
The growth of citric acid production is expected to be positively affected by major technological changes in manufacturing processes, and the increasing use of advanced machinery. Manufacturers have been able to create innovative products like encapsulated citric acids through the use of modern machinery.
Kenko Corporation, Archer Daniels Midland (ADM), and Cargill, Inc. are key end-users and consumers. The industry is also investing in R&D to develop citric acid products that can be used in food & beverage, pharmaceuticals, cosmetics, and other fields.
Key questions answered in this report:
1. What Industry Is In High Demand?
2. What is Citric Acid?
3. What is the expected market size of the Citric Acid market in 2022?
4. What are the applications of Citric Acid?
5. What is the share of the top 5 players in the Global Citric Acid Market?
6. How much is the Global Citric Acid Market worth?
7. What segments does the Citric Acid Market cover?
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