According to a recent report by Reports and Data, the worldwide size for Citric Acid Regulators Market was USD 3.82 billion in 2021, and it is predicted to demonstrate a revenue CAGR of 5.6% over the forecast period. The growing demand for citric acid in pharmaceuticals and personal care products is expected to be the primary driver of market revenue growth.
Citric acid is a tricarboxylic acid that occurs naturally in citrus fruits, and anhydrous citric acid is widely used in pharmaceutical formulations as an excipient owing to its antioxidant properties. It helps to stabilize active ingredients and preserve them. In addition, due to its non-toxic, non-corrosive, antioxidant, and biodegradable characteristics, citric acid is commonly used in detergents. As the popularity of concentrated liquid detergents grows, the demand for citric acid is predicted to rise. Citric acid is also used in a variety of products that kill viruses and bacteria, such as hand sanitizers, insect sprays, and agents that eliminate fungus or algae. Citric acid is also employed in cleaning up nuclear waste and removing toxins from polluted soil. It has a variety of uses in plastics and polymers, coatings, personal care products, adhesives and sealants, and clinical nutrition and pet food items. Due to the detrimental effects of chemicals in everyday products, natural products have gained popularity.
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Major Companies:
Cargill, Incorporated, Tate Lyle, Pfizer, Inc., DuPont, Kenko Corporation, Foodchem International Corporation, BASF SE, Jungbunzlauer Suisse AG, COFCO, and ADM.
Citric Acid Regulators Market Growth
- Increasing Demand in Food and Beverage Industry: Citric acid is widely used in the food and beverage industry as a flavor enhancer, acidulant, and preservative. The growing population and changing consumer preferences for processed and convenience foods have driven the demand for citric acid in this sector.
- Pharmaceutical and Cosmetics Applications: Citric acid is utilized in the pharmaceutical and cosmetics industries for various purposes, including as a pH adjuster, chelating agent, and in skincare products. The rising health and wellness trends may boost demand in these sectors.
- Environmental Concerns: Citric acid is considered a safer and more environmentally friendly alternative to other acids and chemicals. Its biodegradability and low toxicity make it attractive for use in various applications, including cleaning products and water treatment.
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The global Citric Acid Regulators Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Form Outlook (Revenue, USD Billion, Volume, Kiloton; 2019-2030)
- Anhydrous
- Liquid
Function Outlook (Revenue, USD Billion, Volume, Kiloton; 2019-2030)
- Acidulant
- Preservative
- Antioxidant
- Flavoring Agent
End-Use Outlook (Revenue, USD Billion, Volume, Kiloton; 2019-2030)
- Food Beverage
- Pharmaceuticals
- Personal Care
- Others
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