Food and Beverages
Citric Acid Market is Expected to Reach $4376 Million by 2023.
According to the new market research report by IndustryARC titled “Citric Acid Market By End-Use Industry (Food & Beverage, Pharmaceutical, Soap & Detergent, Printing and Others), By Application (Acidulant, Stabilizer, Cleaning Agent, Binding Agent and Others) & By Geography - Forecast (2018-2023)”, the market is driven by the growth of the food, pharmaceutical, cosmetics, and toiletries industries.
Asia Pacific to dominate the Citric Acid Market during the forecast period
Asia Pacific is likely to dominate the Citric Acid Market during the forecast period. China is the major consumer of household detergents, with citric acid finding its application in detergents. Europe occupies the second position in the market, followed by US, due to the consumption of citric acid across the world. Africa, Japan, and Middle East hold an equal share due to detergent consumption in household activities. In the Americas, the large end user segment is the food and beverage segment, followed by the industrial segment and pharmaceutical segment. In Europe, citric acid is used as acidulates in the food & beverage industry.
Selected Analysis done in the full Report:
Citric acid has high antioxidant properties due to which it is used as an excipient in pharmaceutical preparations. The salts of citric acid are used as anticoagulants due to their Calcium chelating ability. 10% of citric acid is used in non-food related products such as cosmetics, pharmaceuticals, and chemical industry. In Biotechnology and pharmaceutical industries, citric acid is used as a substitute for nitric acid to enhance high purity process piping. It is even used in effervescent systems. These systems are applied in denture cleaning products, pain relief and vitamin tablets. Citric acid is also used to control the pH of the system. It acts as a buffering system which is used in pharmaceutical and cosmetic applications to preserve the stability.
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Excerpts on Market Growth Factors
- Citric acid is used in the food canning industry to lower the pH and stop enzymatic oxidation. It also plays an important role in the stability of the frozen food.
- Citric acid is used as a blood anticoagulant as the citrate ion chelates the Calcium, thereby preventing blood from clotting.
- Citric acid is an environmentally friendly chemical. Hence, it is used as a major chemical in the industrial sector. This factor drives the demand for the Citric Acid Market.
- Citric acid is used in the manufacturing of detergents, where Sodium Citrate is used to increase the effectiveness of surfactants due to its high solubility and degradability.
