Citric Acid Anhydrous Market Size, Share, Growth, and Industry Analysis, (Citric Acid Granular, Citric Acid Powder), By Application (Food & Beverages, Pharmaceuticals & Personal Care, Detergents & Cleansers and Others) and Regional Insights and Forecast to 2031

CITRIC ACID ANHYDROUS MARKET REPORT OVERVIEW

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The global citric acid anhydrous market size was USD 1049.6 million in 2020 and will touch USD 1454.5 million by 2027, exhibiting a CAGR of 4.6% during the forecast period.

The market is being driven by rising citric acid demand in the food and beverage, chemical, and pharmaceutical industries. The expansion of the worldwide citric acid anhydrous market is also attributable to its wide variety of uses in different sectors such as food and beverage, chemical, and medicinal.

COVID-19 Impact: Pandemic Downgraded the Demand with Disrupted Supply Chain

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID-19 had a significant impact on a variety of industries, including the chemical and industrial sectors. Supply chain disruptions, changes in demand patterns, and the broader economic slump have all had an influence on a wide range of businesses. However, the amount of the impact may vary based on variables such as geography, governmental restrictions, and the specifics of the firm in question.

LATEST TRENDS

"Clean Label, Organic and Sustainable Sourcing to Boost Market Growth"

There is a growing emphasis on the sustainable and environmentally friendly source of raw materials, particularly citric acid. This tendency corresponds to the increased awareness and demand for ecologically friendly products. With the implementation of prohibitions and limitations by governments and numerous research programs, people are becoming more aware of the negative health impacts of synthetic food additives. These substances can cause hyperkinesia, tumors, skin rashes, renal damage, migraine, sleep disruption, asthma, and poor gut health. As a result, customers have shifted toward natural additives and a demand for clear labeling and natural chemicals.

CITRIC ACID ANHYDROUS MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into citric acid granular, citric acid powder.

Granular Citric Acid: Granular citric acid has a granulated or crystalline form. It is made up of tiny, solid particles. Granular citric acid is frequently selected in situations where the material's flow properties are critical. It has uses in food and beverage processing, medicines, and some industrial applications.

Citric acid powdered: Citric acid powdered is a fine, dry powder. It has a delicate texture and dissolves quickly in liquids. Citric acid powder is widely utilized in culinary applications, food and beverage production, and a variety of industrial activities. Its delicate texture makes it simple to combine and incorporate into recipes and formulations.

• By Application

Based on application the global market can be categorized into food & beverages, pharmaceuticals & personal care, detergents & cleansers and others.

Food and Beverage Industry: Citric acid is widely utilized in the food and beverage industries as an acidulant, preservative, and taste enhancer. Both granular and powdered versions are used in the preparation of drinks, confectionery, and processed foods.

Pharmaceuticals: Citric acid is used in medicinal formulations because of its acidifying and buffering characteristics. It can be mixed into pills and syrups.

Cleaning goods: Citric acid, in both granular and powdered forms, is utilized in cleaning goods due to its ability to remove mineral deposits and scale. It is frequently found in home and industrial descaling products.

Personal Care and Cosmetics: Citric acid is used in a variety of formulations in the cosmetic and personal care industries, including skincare products and shampoos.

DRIVING FACTORS

"Growing Demand in Food and Beverages Industry to Nurture the Market Growth"

Citric Acid Anhydrous is extensively used as an acidulant, flavor enhancer, and preservative in the food and beverage sector. The expanding population, changing consumer tastes, and the move toward natural and clean-label products have all contributed to an increase in citric acid demand in this industry. Citric acid is a popular acidulant found in food and beverages. It imparts a sour or acidic flavor to things like drinks, sweets, and fruit-flavored foods. Its acidic nature also serves as a preservative, extending the shelf life of some foods. Citric acid is used to regulate the pH of various food items, ensuring stability and maintaining the optimum amount of acidity.

"Pharmaceutical, Cosmetics and Personal Care to Boost the Market Share "

Citric acid, which has exfoliating and pH-regulating capabilities, is utilized in the cosmetic and personal care industries. It is frequently found in creams, shampoos, and other personal care products. Citric acid is utilized in the pharmaceutical industry for a variety of applications, including as an excipient in tablet formulations and as a pH adjuster in some drugs.

RESTRAINING FACTOR

"Reactivity with Metals and Heat Sensitivity to Hamper the Market Growth"

Citric acid can cause corrosion or discoloration when it reacts with certain metals. This reactivity is especially important in industrial processes and applications involving metals. At high temperatures, citric acid may degrade thermally. This constraint is significant in applications involving high temperatures, since it may impact the compound's stability and functioning. Hence, such factors are expected to hinder the citric acid anhydrous market growth during the forecast period.

CITRIC ACID ANHYDROUS MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market Share with Numerous Manufacturing Facilities "

The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

Asia Pacific with well-established chemical industries are expected to have a dominant citric acid anhydrous market share. China has long been a leading producer of citric acid, notably citric acid anhydrous. China has been a big participant in the worldwide citric acid industry, accounting for a sizable share of global output. With various manufacturing facilities and a high production capacity, China has established itself as a prominent producer of citric acid. China has an abundance of raw resources, including molasses and other feedstocks utilized in the citric acid fermentation process. Economic efficiency frequently favor Chinese producers, allowing them to produce citric acid at competitive pricing. China is a significant supplier of citric acid and its derivatives, delivering these items to many different parts of the world.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to citric acid anhydrous to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.

LIST OF TOP CITRIC ACID ANHYDROUS COMPANIES

• ADM (China)
• Cargill (U.S.)
• Jungbunzlauer Suisse (Switzerland)
• Citrique Belge (U.K)
• RZBC Group (China)
• Jiangsu Guoxin Union Energy (China)
• Laiwu Taihe Biochemistry (China)
• Cofco Biochemical (China)
• Gadot Biochemical Industries (Israel)
• Huangshi Xinghua Biochemical (China)

INDUSTRIAL DEVELOPMENT

• April 2021: Jungbunzlauer, a renowned manufacturer of citric acid and citrate-based products, announced intentions to expand its Citric factory in Port Colborne, Ontario. The expansion is intended to fulfill the expanding worldwide demand for functional and bio-based products based on citric acid and citrate. The move is in response to the firm's constantly high demand for these ingredients, and it is intended to provide the company with more manufacturing capacity to satisfy its customers' rising demands.

REPORT COVERAGE

The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.