Citric acid monohydrate occurs as colourless crystals or as white, crystalline powder with a strongly acidic taste. It is efflorescent in dry air, very soluble in water, freely soluble in ethanol (96 %) and sparingly soluble in ether. Citric acid monohydrate is non-toxic and has a low reactivity. It is chemically stable if stored at ambient temperatures. Citric acid monohydrate is fully biodegradable and can be disposed of with regular waste or sewage. Citric acid is widely used in pharmaceutical formulations and food products, primarily to adjust the pH of solutions.
The citric acid market is valued in the year 2017 and anticipated to grow at a CAGR 3.5% of from 2018-2023. High demand for citric acid in food and beverages used as an additive to preserve food is expected to be the driver for the industry growth. Thus, due to demand it is best to invest in this project.
Few Indian major players are as under
· Acuro Organics Ltd.
· Bharat Starch Inds. Ltd.
· Titan Bio-Tech Ltd.
· Vidhi Specialty Food Ingredients Ltd.
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