Global Citric Acid Industry Report: Analysis and Forecast 2022-2027
Citric Acid Industry by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices
The global citric acid market reached a volume of about 2.47 million tonnes in 2021. The industry is projected to grow at a CAGR of around 4% in the forecast period of 2022-2027 to reach a volume of about 3.03 million tonnes by 2027.
The global citric acid industry includes a detailed analysis of the industry’s major segments, trends, drivers, restraints, competitive landscape, and other important market factors. Citric acid is commonly used in the packaging of food and beverage items. In the food and non-food industries, it is used as a preservative, acidulant, antioxidant, buffering, and binding agent, propelling the industry forward. The highest category spender by region—Europe—is the important demand indicator.
Citric Acid: Industry Definition and Segmentation
Citric acid is an organic, colourless, and odourless acid that occurs naturally in citrus fruits and has low acidity. It’s mostly found in citrus fruits like limes and lemons, and it has a sour and tangy flavour. The acid is widely utilised in synthetic form as a culinary additive, cleaning agent, and nutritional supplement. Due to a growth in the number of vegans, the European region holds a considerable share of the citric acid industry, contributing to the need for natural food additives and flavours.
Get a Free Sample Report with Table of Contents: – https://www.procurementresource.com/reports/citric-acid-industry-report/request-sample
The Citric Acid report comprises segments:
- By form – liquid and anhydrous
- By application – food and beverage bakery, confectionery, dairy beverages, and others
- By region – North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Snapshot of the Report
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Read Full Report with Table of Contents: – https://www.procurementresource.com/reports/citric-acid-industry-report
Citric acid is assisting producers in delivering a clean label for their products while also satisfying customer needs for less expensive, safe, and permitted components, which is positively benefiting the market. In addition, the market’s expansion is aided by the advent of a variety of novel product launches with a variety of flavour options. Other significant businesses research and development initiatives are expected to boost demand shortly.
Category Insight by Region
The citric acid industry is dominated by the European region. Drinks, confectioneries, convenience foods, dairy, medications, personal care and cosmetics, detergents and cleansers, animal feed, and other citric acid industries are all benefiting from the vast range of applications. Furthermore, the market is expanding due to the rising demand for RTD drinks and RTE food products. The market is driven by its usage as a pH adjuster in the production of gelatin desserts, jellies, and jams, among other things. Citric acid is also commonly utilised in cleaning goods because phosphate is prohibited, resulting in an increase in demand for citric acid. The acid outperforms phosphoric, tartaric, and lactic acids in terms of shelf-life extension and pH.
Best Procurement Practices
The global citric acid industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of citric acid products across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Category Management Studies
Carl Wilhelm Scheele, a scientist who crystallised citric acid from lemon juice in 1784, was the first to discover it. The fluid was treated with hydrated lime (calcium hydroxide) to precipitate calcium citrate, separated, and transformed into the acid using diluted sulfuric acid in 1890. To make citric acid, colonies of a Niger are given sucrose or glucose-containing medium in the industrial process. Sugar can be obtained from corn steep liquor, molasses, hydrolyzed corn starch, or any other sugary solution. After removing the mould from the solution, citric acid is extracted by precipitating it with calcium hydroxide to make calcium citrate salt, which is then treated with sulfuric acid to regenerate citric acid as indirect citrus fruit juice.
Key Supplier Profiles included in the Citric Acid Industry Report
The key market players are Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle PLC, Jungbunzlauer Suisse AG, Cofco Biochemical (Anhui) Co., Ltd., and Huangshi Xinghua Biochemical Co.
The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliernutms.
Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.
Company Name: Procurement Resource
Contact Person: Jolie Alexa
Toll Free Number: USA & Canada: +1-415-325-5166 | Europe & Africa: +44-702-402-5790 | APAC: +91-8586081494
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States
Blog – https://procurementresource.blogspot.com/
Reference Link: https://takeitcool.com/citric-acid-industry-report/