-- Market Introduction:-
Citric acid is an organic acid that can be derived from the citrus fruits. It is used as an intermediate in biochemistry. This acid generally comes in powdered and liquid form. And, is used in a number of end-use industries such as cleaning agent, food & beverages, pharmaceuticals, cosmetics & personal care, among others. However, F&B remains the key application areas of Citric Acid for being an excellent chelating agent, binding metals by making them soluble.
The versatile Citric acid is safe for the oral consumption. Hence, it is extensively used in food items and medicines. This also makes the acid ideal for a wide range of applications areas. Some of the newly found application areas of the Citric acid include personal care & cosmetics, due to its acidulant qualities and it’s added to the Ice creams as an emulsifying agent to prevent fats from separating
Leading Players:
COFCO Biochemical (AnHui) Co. Ltd., Archer-Daniels-Midland Company, Jungbunzlauer Suisse AG, Cargill, Incorporated, RZBC Group Co. Ltd., Huangshi Xinghua Biochemical Co.Ltd
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Industry/ Innovation/ Related News:
June 27, 2018 – Ceapro Inc. (Canada) a biotechnology company involved in the development of proprietary extraction technology to be used in the healthcare and the cosmetic sectors announced the publication of data from its functional beverage formulation study in the Journal of Functional Foods. The Company also shared its plans to further improve the formulation by assessing the use of other sweeteners and flavors and optimizing the concentration of citric acid in the future to satisfy the sensory expectations of the target group of consumers.
Global Citric Acid Market Segments:
For the convenience of the report and enhanced understanding; MRFR has segmented the analysis into four key dynamics:
By Grades : Comprising - Food Grade, and Pharmaceutical Grade among others.
By Forms : Liquid and Powder.
By Applications: Cleaning & Chelating Agent, Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, among others.
By Regions : North America, Europe, APAC, and the Rest-of-the-World
Global Citric Acid Market Geographical Analysis:
Globally, Europe is the largest market for Citric Acid followed by the North America and Asia-Pacific markets respectively. Augmented demand for the Citric acid, backed by the increasing applications in various end-user industries such as Cleaning & Chelating Agent, Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, among others, drive the market growth in the region. Growing end-users industries in some of the European countries like Germany, Italy, France and the UK fosters the growth of the regional market.
Besides increasing demand for functional food additives backed by the presence of a huge number of food enthusiasts in the region, the European market is growing pervasively, witnessing the upsurge in consumer preference towards processed and convenience food items.
The North America market stands as the second-largest market for Citric Acid owing to the presence of leading manufacturers in the region with the superior product offering. Owing to the high consumption of Citric Acid in the well-developed industries such as personal care, and F&B mainly in the US, Canada, and Mexico among the other North American countries, the region is estimated to create a substantially large revenue pocket for the global Citric Acid market by 2022.
The Asia-Pacific market accounts for one of the lucrative markets for Citric Acid, expanding rapidly in the global market. The market is growing constantly owing to the presence of several notable manufacturers and the growing industrialization in the region. Moreover, the factors such as burgeoning industries such as Food and beverages, cosmetic & personal care products and pharmaceutical help to bolster the regional market growth. APAC market, accounting for the largest producer and consumer of Citric Acid, is estimated to register a phenomenal CAGR during the review period
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Target Audience
Raw Materials Suppliers
Aftermarket suppliers
Research Institute / Education Institute
Potential Investors
Key executive (CEO and COO) and strategy growth manager
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Release ID: 450764
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