Citric acid was widely used in the food & beverage industry as an acidulant. The market is expected to witness significant growth in the food & beverage industry owing to increasing demand for processed and ready-to-eat foods. In addition, citric acid properties such as high solubility, non-toxicity, pleasant taste, and chelating and buffering characteristics are responsible for its growing consumption in a wide range of applications. Surging demand for citric acid in pharmaceuticals, detergents, cosmetics & toiletries and food & beverages is expected to boost the market growth over the forecast period. Moreover, the demand is expected to increase in household detergents and cleaners, which is expected to augment market growth. Asia Pacific is expected to propel market growth on account of growing food & beverages industry mainly in China and India. Growing concern for food safety, approval of ready-to-drink and processed foods is driving demand growth in food & beverage industry over the forecast period.
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Increasing demand for citric acid in personal care industry mainly in shampoos & conditioners is expected to augment market growth over the next six years. Market demand is further expected to propel owing to its wide use in water systems as citric acid provides less harmful formulations. FDA and EU have levied regulations on citric acid for use in food & beverages industry.
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Key market players include ADM, DSM, Jungbunzlauer, Gadot Boichemical Industries, Anhui BBCA Biochemical Co. and Cargill. With advancement in properties of citric acid, Cargill produces products which provides acidity, enhances flavors and acts as preservative and antioxidant. Jungbunzlauer products provide naturalness, variety and health in combination with consistency and taste in beverages.
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