by The global citric acid market is experiencing robust growth driven by its increasing applications in the food and beverage industry. Citric acid, a natural ingredient, is playing a vital role in various processed food products, especially those designed for infants, by promoting their development and growth. Additionally, its preservative properties are extending the shelf life of food products, ensuring freshness, and enhancing flavor. The market is further propelled by the growing preference for organic and natural food additives and the pervasive clean label trend.
Infant Nutrition Fuels Citric Acid Market Growth
Citric acid is a key ingredient in infant foods due to its ability to support the optimal development and growth of infants. Its natural origin makes it an attractive choice for preserving convenience food products and beverages, as it efficiently inhibits the growth of bacteria, yeast, fungi, and molds. Moreover, citric acid helps maintain the color and texture of food products while extending their shelf life. Besides preservation, it also offers essential antioxidants beneficial for human health and enhances the flavor of food products. The increasing demand for packaged and convenience food products and beverages is expected to drive the growth of the citric acid market on a global scale.
Rising Demand for Natural Additives Boosts Market
Consumer awareness of the adverse effects of chemical additives has led to a shift towards natural alternatives in food products. Citric acid is emerging as a clean label solution, aligning with consumer preferences for organic, natural, and chemical-free foods. With stringent regulations emphasizing the use of natural ingredients in pharmaceutical and food products, the market is poised for substantial growth. Regulatory authorities such as the US FDA and European Food Safety Authority (EFSA) have underscored the importance of natural ingredients and transparent labeling, further driving the adoption of citric acid.
Powdered Citric Acid on the Rise
Citric acid is available in both powder and liquid forms, with powdered citric acid witnessing a surge in demand. This versatile form is used as an alternative to vinegar or lemon juice in culinary applications and as a chelating agent to prevent limescale buildup in boilers and evaporators. Powdered citric acid also finds use in water treatment to enhance the effectiveness of laundry soaps and detergents. In the food and beverage industry, it serves as a flavoring and preservation agent, as well as an emulsifying agent to prevent fat separation in ice creams. The versatility of powdered citric acid is expected to contribute significantly to the growth of the citric acid market.
Europe: A High-Growth Market
The citric acid market in Europe is witnessing strong growth, driven by increasing demand for citric acid in processed foods and beverages, particularly in developed nations such as Germany, the UK, Italy, and Spain. The pharmaceutical industry in these countries is also contributing to the rising demand for citric acid. Furthermore, the regions thriving craft brewing industry is utilizing citric acid to impart tartness to beverages like Belgian-style witbier, bolstering market growth.
Key Players in the Citric Acid Market
Leading companies in the citric acid market include Archer Daniels Midland Company, Gadot Biochemical Industries Ltd., Jungbunzlauer Suisse AG, Cargill Inc., Cofco Biochemical, Delek Group, and Tate & Lyle Plc.
The global citric acid market is on an upward trajectory, driven by its diverse applications and the growing demand for natural additives in the food and beverage industry. As consumer preferences continue to evolve towards cleaner labels and natural ingredients, the market is poised for sustained growth.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/citric-acid-market
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This press release first seen on Brilad
COMTEX_442108601/2840/2023-10-19T04:37:36
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.