Citric acid is described as “nature’s acidulant”, occurring in a wide variety of plants, citrus fruits, animal tissues, micro-organisms and fluids, holding an important role in metabolism. Citric acid is in great demand as acidifying agent with great solubility nature that hardly could be substituted. It is widely used to impart tartness, pH adjustment, sourness, and also for enhancing flavors. Citric acid is widely used in food and beverage industry. Apart from this it also used in pharmaceutical products, personal care, cleaners & detergent and others. Moreover, citric acid is used for food safety and preservation, preparation of ready-to-made processed beverages and food products. In pharmaceutical industry citric acid is used as stabilising & flavoring agent and in medical products such as soluble aspirin, antacid and also in dentifrices. Also, it is used in shampoos and conditioners, toiletries and detergents considering the personal care market.
Global Citric Acid Market Segmentation:
On the basis of applications, citric acid market is segmented into food, beverages, pharmaceutical, personal care, metal cleaning and others. Further, on the basis of product types, food segment is sub-segmented into bakery and confectionaries, frozen foods, dairy products and others. Personal care segment is sub-segmented into detergent & toiletries. In pharmaceutical citric acid used in the form of salt or liquid to produce medicine tablets and in personal care products as solvent is an antimicrobial pesticide that is used as a disinfectant, sanitizer, germicide and virucide.
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Geographically citric acid market is segmented into North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa. China and U.S. are big hub of citric acid in terms of manufacturing and consumption. Asia pacific excluding Japan holds largest market of citric acid owing to increase in demand for beverages and food products in this region. North America and Western Europe are second and third largest market for citric acid respectively. Courtiers like US, China and India are fueling the global citric acid market.
Global Citric Acid Market Dynamics:
Increasing demand for food and beverages and personal care are the most significant driver for global citric acid market. Moreover, deficiencies and health consciousness among consumers are another factors that enhance the demand for citric acid rich products. However, manufacturers need to be concerned about justified quantity of citric acid in the products, while manufacturing.
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Global Citric Acid Market Key Players:
Some of the key players operating in the market are Pfizer Inc., Tate & Lyle plc, Cargill, COFCO Biochemical(anhui) CO.,LTD, Shandong Juxian Hongde Citric Acid Co. Ltd, Koninklijke DSM N.V., Archer Daniels Midland Company, Jungbunzlauer Suisse AG, Gadot Biochemical Industries LTD., Weifang Ensign Industry Co. Ltd, Huangshi Xinghua Biochemical Co. Ltd.,