The global Citric Acid Market is forecast to reach USD 4.17 Billion by 2027, according to a new report by Reports and Data. Citric acid is a weak acid that is formed in the tricarboxylic acid cycle or may be introduced with diet. Citric acid market is expected to witness substantial growth owing to the increasing demand for the product as a crucial ingredient in detergents, food and beverage, pharmaceuticals, and personal care products, among others. Growing demand for carbonated soft drinks will add to the demand of the market. Citric acid kills some types of viruses and bacteria and can be found in hand sanitizer, insect sprays, and products that kill fungus or algae, and even some tissues. It can safely remove toxins from polluted soil and even clean up nuclear waste.
The citric acid market is witnessing a demand as a cleaning agent following the ban of phosphate in several regions. Product application as an emulsifier, flavoring substance, and buffering agent is driving the demand for the citric acid market. Growth in the demand for organic food additive owing to the rising concern for health will boost the demand for the market.
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Key Players:
Key participants include Metagenics, Tate Lyle plc, Cargill, Inc., Pfizer, Inc., Danisco A/S, MP Biomedicals, Kenko Corporation, Archer Daniels Midland (ADM) Company, COFCO Biochemical, and Jungbunzlauer Company among others.
Further key findings from the report suggest:
- Citric acid helps in keeping canned and jarred foods fresh over a long period of time. It also helps in preventing fresh-cut fruits into turning brown, like apples. Citric acid helps thicken foods or give them slightly sour flavor.
- Citric acid is popular in detergents due to its non-toxic, non-corrosive, antioxidant, and biodegradable properties. Surge in the preference for concentrated liquid detergents in the laundry segment will drive the demand for the citric acid market.
- Acidulants are a chemical compound that bestows a sour, tart, or acidic flavor to the foods. They are different from acidity regulators, which are food additives intended to modify the food or enzyme stability. Citric acid is a typical acidulant.
- Anhydrous citric acid is a tricarboxylic acid that is found in citrus fruits. It is used as an excipient in pharmaceutical preparations owing to its antioxidant properties. It helps in maintaining the stability of active ingredients and is used as a preservative. It controls the pH by acting as an acidulant and acts as an anticoagulant by chelating calcium in the blood.
- The market in North America is expected to grow due to the demand in the food and beverage industry during the forecast period. Growing health awareness and deficiencies will propel the consumption of fruits rich in nutritional content. Additionally, the demand for products in the laundry application will boost the market growth.
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Market Segmentation:
Form Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- Anhydrous
- Liquid
Function Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- Acidulant
- Preservative
- Antioxidant
- Flavoring Agent
End-Use Industry Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- Food and Beverage
- Pharmaceuticals
- Personal Care
- Others
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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Key Questions Answered In The Report
- What will be the market size and growth rate in the forecast year?
- What are the key factors driving the global Citric Acid market?
- What are the risks and challenges in front of the market?
- Who are the key players in the global Citric Acid market?
- What are the trending factors influencing the market shares?
- What are the key outcomes of Porter’s five forces model?
- Which are the global opportunities for expanding the global Citric Acid market?
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