Citric Acid Market Size 2022 Trending Technologies, Industry Growth, Share and Business Trends To 2029

Posted by aartimurkute on November 4th, 2022

With the growing incidence of diseases due to lifestyle changes, people are becoming more concerned about their health. Various social campaigns and advertisements have enabled people to learn about the harmful side effects of chemical additives. This has triggered a shift toward organic and natural food additives in food products. This, in a way, has created significant demand for citric acid to be used in food items. This demand curve is further steepened by the stringent norms laid down by governments and pervasive clean label trends. Greater emphasis on the use of natural ingredients in pharmaceutical and food products along with their labelling is encouraging the food and pharmaceutical manufacturers to replace malic acid with its natural counterparts. Such an environment is unravelling new opportunities for market expansion.

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Substantial Applications of Citric Acid in Food and Beverage Industry to Bolster Market Growth

The citric acid market is making strides towards its fruition at the helm of its robust applications across the food and beverages industry. When added to food products, citric acid efficiently preserves and maintains their quality and freshness. Provided acidic properties allow citric acid to lower down the growth of bacteria, yeast, fungi, and moulds. This retains the quality, colour, and texture of the food items while concurrently increasing their shelf life. It significantly enhances the flavour of food products and offers antioxidants that are necessary and beneficial for humans. In addition, citric acid is also essentially used in various processed food items prepared for infants as it assists in holistic development and growth of infants. Comprehensive use of citric acid in the food and beverages industry is set to unlock new growth prospects for the market.

Ascending Demand for Powder Citric Acid to Facilitate Market Expansion

Citric acid, when in powdered form, paves its way in various culinary applications as an effective vinegar and lemon juice alternative. As an efficient chelating agent, citric acid eliminates and prevents the development of limescale in boilers and evaporators. It is vastly used in the food and beverages industry as for flavouring and preservation. Being an emulsifying agent, it also prevents separation of fats in ice creams. Moreover, its usage in water treatment improves the efficiency of laundry soaps and detergents. Against this backdrop, the growing demand for powder form citric acid is setting the momentum for the global citric acid market.

Skyrocketing Demand for Citric Acid to Sustain Lucracy of Europe in Global Market

Europe to stay at the forefront of global citric acid amid surging demand for citric acid in various processed foods in emerging economies of the region. The regional market is booming with exceptional growth prospects across Germany, the UK, Spain, and Italy as these economies witness a substantial uptick in demand and application of citric acid. Pharmaceutical companies in these economies are leveraging citric acid to come up with novel drugs and improve their efficacy. Ascending number of brewery establishments in the region is further fuelling the demand for citric acid, owing to its capability to add some amount of tartness.

Prominent Market Players

Some of the most competitive players operating in the global citric acid market include Delek Group, Gadot Biochemical Industries Ltd., Archer Daniels Midland Company, Cargill Inc., Cofco Biochemical, Jungbunzlauer Suisse AG, and Tate & Lyle Plc.

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