Citrus fruits have a sour taste due to citric acid, which is a naturally occurring organic chemical. It can also be utilised in a variety of industrial applications, making it a vital component of a variety of businesses ranging from food and beverage production to personal care goods and chemical production.
Citric acid (C6H8O7, 2-hydroxy-1,2,3-propane tricarboxylic acid), a naturally occurring metabolite of plants and animals, is the most versatile and commonly utilised organic acid in the food and pharmaceutical industries (60 percent) (10 percent ). It has a number of different uses in a variety of fields.
Currently, global citric acid output is expected to be around 736000 tonnes per year (TPA). Almost all of Brazil's citric acid requirement is fulfilled through imports. Its use is increasing steadily (3-4%) year after year, indicating the necessity for new manufacturing options.
Citric acid is a form of salt that is used to give meals a sour flavour. It's also found in a variety of preservatives and food additives. Cleaning agents and personal care products such as soaps and toothpaste are among the other uses.
Citrus fruits, such as lemons, limes, and oranges, can be used to extract it. It's used in a variety of foods to keep them fresh and enhance flavour. It's also found in cosmetics and cleaning products. It's used in soft drinks, jams, jellies, candies, and a variety of other foods as an acidity regulator or firming agent.
Citric acid is also commonly found in body lotions and soaps. It's sometimes found in hand sanitizers because of its antibacterial characteristics. Citric acid is widely used in the food and pharmaceutical industries due to its widespread safety, pleasant acid taste, high water solubility, and chelating and buffering capabilities.
It's also utilised as a buffer in cosmetics and toiletries, as well as in a wide range of industrial applications. Although most people identify citric acid with fruit, it has a wide range of non-edible applications. Because of its capacity to remove stains on a range of surfaces, it's frequently utilised in cleaning solutions. It can also be used as a preservative in certain types of paint and colours.
Citric acid is used in some leather tanning solutions to soften hides and make them more malleable during the tanning process. It's also widely used to eliminate oxidation and rust in metalworking solutions. Citric acid comes in a variety of grades, each with its own purity degree and intended application. Our project reports are a good place to start if you want to establish a business generating one of these classes.
Why You Should Start a Business in This Industry?
Citric acid production and distribution is a rapidly expanding part of the chemical industry. Citric acid's sale price has continued to climb, and enterprises looking to extend their product lines have an increasing variety of options.
You can easily generate and distribute citric acid, which is present naturally in citrus fruits such as lemons, limes, oranges, grapefruits, and more, which is one of the main reasons why you should consider beginning a business in this area.
It's simple to manufacture on a huge scale, and it's safe to carry because it's not very combustible or explosive. Outside of food, citric acid has a variety of applications, including medicine (as an antibacterial), cosmetics (as a preservative), and even animal feed.
When compared to other compounds utilised in these applications, it's also less expensive. Finally, starting your own firm making and selling citric acid has a lot of possibilities for financial growth.
India Citric Acid Market Outlook:
In 2020, the Indian citric acid market is expected to reach 80,800 metric tonnes. During the years 2021-2026, the market is estimated to develop at a CAGR of 5.7 percent.
It is used in the food sector as a flavouring and preservative agent and has a sour taste. Aside from that, citric acid is used for a variety of things, including inhibiting the growth of bacteria and making personal care and cosmetics. It's also utilised in the production of a variety of pharmaceuticals and health supplements that help the body's metabolism and nutrition absorption.
India's market is primarily driven by the pharmaceutical industry's rapid expansion. Moreover, a number of significant firms across the country are pursuing mergers and acquisitions (M&A) in order to capitalise on the market's numerous development potential. The increased usage of citric acid in the food and beverage industry, as well as intensive research and development (R&D) efforts, are some of the key factors driving market expansion.
Global Market Outlook:
Citric acid sales were valued at US$ 2,756.5 million in 2015, and are expected to reach US$ 4,494.8 million by 2026. During the projection period (2016–2026), sales revenue is expected to grow at a CAGR of 4.6 percent.
During the forecast period, the market is expected to grow at a CAGR of 3.7 percent in terms of volume.
Due to a variety of health concerns, consumers prefer goods that contain plant-based natural components. This is driving up demand for citric acid around the world.
Increased use of citric acid as a cleaning agent as a result of phosphate bans in some countries is also predicted to boost market demand in the near future.
Citric acid is utilised in the production of convenience foods and beverages because it adds acidity, works as a preservative, contains antioxidants, and enhances flavour, all of which are predicted to boost market demand in the near future.
Industry Major Market Players:
· Archer Daniels Midland Company
· Cargill, Incorporated
· Tate & Lyle PLC
· Jungbunzlauer Suisse AG
· Cofco Biochemical (Anhui) Co., Ltd.
· Huangshi Xinghua Biochemical Co. Ltd.
· RZBC Group Co. Ltd.
· Weifang Ensign Industry Co., Ltd.
· Gadot Biochemical Industries Ltd.
· S.A. Citrique Belge N.V.