The Global Citric Acid Market Continues To Grow Owing To the Huge Demand from the Food and Beverages Industry Worldwide Especially In Asia Pacific Regions as a Preservative and a Flavor Enhancer

 

Citric Acid Market

Citric acid, also known as hydroxycitric, is a natural weak acid. Citric acid is commonly added to processed food to make them more palatable. Citric acid has been used for centuries to treat health problems such as kidney stones and acid indigestion.

There are two different types of citric acid: oxalic and carotenoid. Oxalic acid, which is the most common form of the acid, is produced by citrus fruit enzymes while carotenoid is obtained from sugar. The body can convert the sugars into other useful forms, but it is difficult to change the structure of the sugar molecules. Citrus fruits, in particular, have very good enzyme systems that convert sugars into acids. Because of this, most processed foods that contain a lot of sugar are already low in acid content. However, the same cannot be said for all fruits.

Market Dynamics                                               

The acidity of various fruits can be affected by several factors including the maturity of the fruits, storage methods, and the way they are exposed to sunlight. However, one factor that can significantly increase or decrease the acidity of a fruit is the presence of a sugary solution, such as honey. Therefore, if anyone is looking to get rid of a sour taste in their mouth, all they need to do is to replace the honey with some organic acid fruits, such as grapes, cherries, oranges, or pineapple. Organic acid fruits have the same benefits as organic citric acid.

The main factor driving the market growth of citric acid is the rapid growth of the food industry in the world. For instance, according to Business Insider, there are 10 main dominating food companies present globally, such as PepsiCo. Unilever, Nestle, Coca-Cola, Kellogg's, General Mills, Mondelez, Associated British Foods, and Mars. These enterprises employ thousands and generate million dollar revenue every year. These food companies have created huge demand in the citric acid market to make their food and beverages more palatable.

However, using lactic acid as an alternative to citric acid is the main restraining factor hindering the growth of the citric acid market. Lactic acid is also utilized as a flavoring agent, curing agent, and food preservative. In addition. Concerns regarding the use of Genetically Modified Organism (GMO) as a source for glucose and sucrose that is used in the manufacturing process of citric acid is also expected to hinder the market growth.

This market is distributed in five regions that include North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America. Among these, Asia Pacific is estimated to hold a bigger share of the citric acid market owing to the rapid growth of the food and beverages industry in the region. According to the Food Safety and Standards Authority of India, the food and beverages industry generates US$ 400 billion annually which includes approximately US$ 130 billion. The citric acid market in Europe is estimated to witness significant growth owing to the prevalence of key players in the region.

Competitive Analysis

Major players operating in the global citric acid market include RZBC Group Co. Ltd., Huangshi Xinghua Biochemical Co. Ltd., Gadot Biochemical Industries Ltd., Anhui BBCA Biochemical Co. Ltd., Archer Daniel Midlands Company, Cargill Inc., Jungbunzlauer Suisse AG, and Tate & Lyle plc.

In 2018, Jungbunzlauer Suisse AG announced a new manufacturing facility to produce citric acid in Australia.


Location: India

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