"Citric Acid in Food Application Market
Citric acid is a weak organic acid found in lemon and other citrus fruit juice. The food and beverage industry accounts for approximately 75% of global citric acid consumption, primarily as an acidulant in carbonated soft drinks. It is also used to control the growth of microorganisms, to adjust pH, and to induce sourness.
Data Bridge Market Research analyses that the citric acid in food was valued at 4.20 billion in 2021 and is expected to reach the value of USD 8.68 billion by 2029, at a CAGR of 9.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Some of the major players operating in the citric acid in food application market are:
- Glanbia plc. (Ireland)
- Now Health International (U.S.)
- Nutiva Inc (U.S.)
- The Simply Good Food Co (U.S.)
- Iovate Health Sciences International Inc. (Canada)
- MusclePharm (U.S.)
- Kerry Group Plc (Ireland)
- CytoSport, Inc. (U.S.)
- Nature's Bounty Co. (U.S.)
- Reliance Private Label Supplements (U.S.)
- Herbalife Nutrition, Inc. (U.S.)
- Danone SA (France)
Global Citric Acid in Food Application Market Scope
The citric acid in food application market is segmented on the basis of form, function, grade, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications
Form
- Anhydrous
- Liquid
Function
- Acidulant
- Antioxidant
- Preservative
- Sequestrant
- Flavoring Agent
Grade
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
Application
- Food and Beverages
- Dietary Supplements
- Pharmaceutical
- Nutraceuticals
- Reagent
- Personal Care
- Others
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Global Citric Acid in Food Application Market Dynamics
Drivers
- Growing demand for processed foods and a shift towards adoption of organic products
Developing countries have seen an increase in demand for ready-to-drink beverages and processed foods as a result of continuous economic growth, busy lifestyles, increasing urbanisation, and rising disposable incomes. As a result, emerging markets are expected to drive the citric acid in food applications market’s future growth. Consumers are becoming more aware of the harmful effects of chemicals in everyday products, prompting them to switch to organic products to reduce their chemical intake. As a result, the citric acid market now has a more optimistic outlook.
- Growing cases of citric acid deficiencies around the world
A significant increase in the number of people suffering from vitamin C deficiencies fuels the citric acid in food applications market. Citric acid deficiency causes a variety of serious diseases, including anaemia, digestive issues, and abnormal DNA division. Citric acid is also beneficial in the treatment of eye and kidney disease. It aids in detoxification and tissue regeneration. Its numerous health benefits facilitate its use in the pharmaceutical and nutraceutical industries.
Opportunity
The addition of new products with higher grades to the product portfolio is expected to increase demand for these items. Due to the consumer patterns and preferences, key market players are introducing new variants while focusing on brand loyalty. They are expanding their customer base and diversifying their operations.
Restraints
The high dosage of citric acid increases toxicity in the body, which can result in nerve damage, kidney problems, and radical damage, and is expected to pose a challenge to the growth of citric acid in food applications during the forecast period.
This citric acid in food application market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the citric acid in food application market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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