Citric Acid Market Overview:

Citric acid is the nature’s acidulant and present in citrus fruits, plants, microbes, and fluids. It helps in metabolic processes and is highly soluble in nature. The acid faces huge demand as an acidifying tool. The market for the acid is growing due to its wide usage in foods & beverages. It is demanded heavily from ready-to-eat foods. Moreover, the market is expanding further due to other uses of citric acid.

Apart from this it also used in pharmaceutical products, personal care, cleaners & detergent and others. In pharmaceutical industry citric acid is used as stabilizing & flavoring agent and in medical products such as soluble aspirin, antacid and also in dentifrices. In the personal category, it is used in shampoos and conditioners, and detergents.

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Key Players:

Archer-Daniels-Midland Company

Cargill

Huangshi Xinghua

Gadot Biochemical Industries Limited

S.A. Citrique Belge N.V

COFCO Biochemical

Industry Updates:-

In September 2018, The Saudi arm of Veolia Water Technologies signed a deal with Saudi Bio-Acids Company to design and build the Middle East's first citric acid production facility in Jeddah. The plant is expected to have a production capacity of approximately 72,574t of critic acid anhydrous, critic acid monohydrate, and trisodium citrate within three years of becoming operational.

Regional Analysis:-

The global citric acid market spans across the regions of North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the largest market for citric acid. The expanding food industry which makes extensive use of citric acid, growing acceptance of carbonated beverages and processed foods are driving the growth of the citric acid market in the Asia Pacific. China is one of the major contributors to the Asia Pacific market and held a substantial share of the global market in 2017.

Comparatively low cost of production, the growth of end-user industries such as cosmetics and personal care, pharmaceuticals, and home care are also stimulating the growth of the global citric market.

North America and Europe are also major markets for citric acid and projected to showcase high growth over the forecast period. The Middle East & Africa market is at nascent stage, however, the growth of the food & beverage and cosmetics industry in the Gulf economies is likely to provide opportunities for growth over the forecast period. Latin America holds the least share of the market and is expected to have limited growth over the forecast period

Segmentation:-

The Global Citric Acid Market has been segmented based on forms, function, and application. By form, the global citric acid market has been segmented into powder and liquid. The powder segment has been further segmented into anhydrous, monohydrate, dihydrate, and others. By function, the global citric acid market has been segmented into acidulant, antioxidant, preservative/sequestrant, a chelating agent, emulsifying agent, buffering agent, flavoring agent, and others. By application, the global citric acid market has been segmented into food and beverage, cosmetics and personal care, pharmaceuticals, detergents and cleaners, and others.

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