ANHYDROUS CITRIC ACID MARKET REPORT OVERVIEW
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The global anhydrous citric acid market size was USD 1108 million in 2022 and the market is projected to touch USD 1671.81 million by 2031, exhibiting a CAGR of 4.6% during the forecast period.
Anhydrous citric acid is a chemical compound categorized within the organic acid family. It presents as a white, crystalline powder with a distinct tart and acidic flavor. While it originates from the citric acid naturally occurring in several citrus fruits, particularly lemons and limes, it is predominantly manufactured through a fermentation process involving various strains of the fungus Aspergillus niger. Renowned for its acidic properties, anhydrous citric acid serves as a versatile acidifier and pH regulator in a diverse array of applications. It is commonly utilized to fine-tune the acidity levels of food and beverage products, effectively serving as a natural preservative.
With its sour taste, anhydrous citric acid is employed to impart a tangy or tart flavor to a wide range of food and beverage items. Consequently, it is a prevalent component in the creation of sour candies, soft drinks, and various culinary products. Additionally, citric acid functions as an antioxidant, playing a role in safeguarding specific food constituents from oxidation. This attribute can effectively prolong the shelf life of certain products. Moreover, it acts as a chelating agent, which means it can bind to metal ions in various applications, including the formulation of cleaning agents and detergents, thereby enhancing their efficacy.
COVID-19 Impact: Increased Demand for Food Preservation among Population to Fuel Market Growth
The pandemic heightened concerns regarding food safety and product longevity. Anhydrous citric acid, known for its preservative qualities, experienced a surge in demand within the food and beverage industry as it was sought after to enhance the shelf life of various products.
Lockdowns, restrictions, and reduced transportation during the pandemic resulted in supply chain disruptions for the anhydrous citric acid market. This, in turn, impacted the product's availability and punctual delivery.
LATEST TRENDS
"Increased Demand for Natural and Clean Label Ingredients and Environmental Concerns to Drive Market Growth"
Consumers are displaying an increased awareness of their health, leading to a preference for products with fewer artificial additives. They express concerns about the potential health risks associated with synthetic ingredients and chemical additives commonly found in their food and drinks. Natural and clean label ingredients are viewed as healthier and safer alternatives. Consumers are demanding transparency in food and beverage labeling, aiming for products with easily identifiable and comprehensible ingredients. Clean labels that prominently feature familiar, natural components instill trust in both the product and the brand behind it. Anhydrous citric acid, derived from citrus fruits, is acknowledged as a natural ingredient. It offers a viable substitute for synthetic acids and preservatives typically used in food and beverage products. The increased demand for anhydrous citric acid aligns with the consumer-driven objective of reducing the utilization of artificial additives in their food and drinks. The industry was placing a growing emphasis on sustainability. Both manufacturers and consumers were showing a heightened interest in sourcing and production practices that are environmentally friendly. This heightened focus on sustainability had the potential to impact the methods used for sourcing and producing anhydrous citric acid.
ANHYDROUS CITRIC ACID MARKET SEGMENTATION
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- By Type
Based on type the market can be categorized into12-40(Mesh Size), 30-100(Mesh Size), and Others.
The can be segmented based on mesh size, with common divisions including 12-40 mesh size, 30-100 mesh size, and other categories. These mesh size distinctions pertain to the particle size distribution of anhydrous citric acid crystals. The selection of a particular mesh size is of great significance across various applications, as it can influence factors such as solubility, texture, and overall product performance. For instance, the 12-40 mesh size is commonly employed in applications requiring rapid dissolution, whereas the 30-100 mesh size is often favored in scenarios where consistent texture or flowability is a key consideration. Additional mesh size categories are tailored to address specific requirements in both industrial and consumer sectors within the anhydrous citric acid market.
- By Application
Based on application the market can be categorized into food industry, beverage industry, chemical industry, and others.
The market can be segmented by its application, with typical categories comprising clinical, laboratories, and institutes, as well as others. In clinical applications, anhydrous citric acid finds utility in diverse pharmaceutical uses, such as drug formulation. Laboratories and institutes incorporate it into their research, experiments, and analytical procedures. The others category encompasses a broad spectrum of industrial and commercial applications, encompassing areas like food and beverage manufacturing, cosmetics, and the production of cleaning products. This underscores the versatility of anhydrous citric acid in meeting a wide array of application requirements across various sectors.
DRIVING FACTORS
"Growing Food and Beverage Industry to Boost the Market"
The anhydrous citric acid market growth is experienced significantly due to its extensive consumption by the food and beverage industry. With the continuous global expansion of this industry, the market for citric acid, valued for its role as a flavor enhancer, acidulant, and preservative, also witnesses substantial growth.
"Consumer Demand for Natural Ingredients to Expand the Market"
The rising consumer demand for natural and clean label components in their food and beverages is met by anhydrous citric acid, which is sourced from citrus fruits and presents a natural substitute for synthetic acids and preservatives, aligning perfectly with this trend.
RESTRAINING FACTOR
"Price Volatility to Potentially Impede Market Growth"
The variability in the cost of essential raw materials like citrus fruits can be influenced by factors such as weather conditions, crop yields, and market dynamics. This price instability has the potential to impact the overall production costs of anhydrous citric acid.
ANHYDROUS CITRIC ACID MARKET REGIONAL INSIGHTS
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"North America to Dominate the Market due to Increasing Demand For Natural And Clean Label Ingredients"
The North America, encompassing the United States and Canada, holds a significant anhydrous citric acid market share and is well-established. Market growth in this region is largely propelled by the increasing demand for natural and clean label ingredients in the food and beverage sector. Anhydrous citric acid is widely utilized across the food and beverage industry, pharmaceuticals, and personal care products. Regulatory compliance and adherence to stringent quality standards are pivotal factors influencing the market share and dynamics in this region.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Extensive Engagement In Numerous Sectors"
The anhydrous citric acid market is marked by the presence of key industry leaders renowned for their manufacturing and distribution of anhydrous citric acid. One such prominent player is Cargill, a global agribusiness conglomerate recognized for its extensive engagement in numerous sectors, which encompasses the manufacturing and supply of citric acid for applications in the food, beverage, and industrial domains.
List of Market Players Profiled
- Cargil (U.S.)
- ADM (U.S.)
- Citrique Belge (Belgium)
- Gbi (U.S.)
- Jungbunzlauer (Switzerland)
INDUSTRIAL DEVELOPMENT
October 2023: Prominent market players in the Cryogenic Storage Dewars Market are embracing contemporary trends, which encompass the integration of advanced technology, government support for research and development, and a growing emphasis on sustainability.
REPORT COVERAGE
The future demand for anhydrous citric acid market is covered in this study. The Research report includes the Increased Demand for Food Preservation due to the Covid-19 Impact. The report covers the latest trends in Increased Demand for Natural and Clean Label Ingredients. The paper includes a segmentation of the anhydrous citric acid market. The research paper includes the driving factors that are Growing Food and Beverage Industry to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for anhydrous citric acid.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1108 Million in 2022 |
Market Size Value By |
US$ 1671.81 Million by 2031 |
Growth Rate |
CAGR of 4.6% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the anhydrous citric acid market expected to touch by 2031?
The global anhydrous citric acid market is expected to reach 1671.81 million by 2031.
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What CAGR is the anhydrous citric acid market expected to exhibit by 2031?
The anhydrous citric acid market is expected to exhibit a CAGR of 4.6% by 2031.
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Which are the driving factors of the anhydrous citric acid market?
Growing Food and Beverage Industry, and Consumer Demand for Natural Ingredients are some of the driving factors of anhydrous citric acid market.
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What are the key anhydrous citric acid market segments?
The key anhydrous citric acid market segmentation that you should be aware of, which include, Based on type the anhydrous citric acid market is classified as12-40(Mesh Size), 30-100(Mesh Size), and Others. Based on application the anhydrous citric acid market is classified as Food Industry, Beverage Industry, Chemical Industry, and Others.