Citric acid is described as “nature's acidulate”, occurring during a wide variety of plants, citrus fruits, animal tissues, micro-organisms and fluids, holding an important role in metabolism. Citric acid is in great demand as acidifying agent with great solubility nature that hardly might be substituted. It’s widely wont to impart tartness, pH adjustment, sourness, and also for enhancing flavors. Citric acid is widely utilized in food and beverage industry. Aside from this it also utilized in pharmaceutical products, care, cleaners & detergent and others. Moreover, citric acid is used for food safety and preservation, preparation of ready-to-made processed beverages and food products. In pharmaceutical industry citric acid is used as stabilizing & flavoring agent and in medical products like soluble aspirin, antacid and also in dentifrices. Also, it's utilized in shampoos and conditioners, toiletries and detergents considering the personal care market.
The global citric acid market is expected to garner a revenue of USD 5.0 billion in 2024 and is expected to register a CAGR of 5.5% during the forecast period of 2019–2024. Citric acid is a weak organic acid that occurs naturally in citrus fruits.
It is produced commercially through the fermentation process and appears as a white, odorless, and crystalline powder at temperature. It’s widely utilized in the food and beverage industry as a preservative/sequestrants, acidulate, antioxidant, chelating agent, emulsifying agent, and flavoring agent in beverages, bakery & confectionary; sweet & savory snacks; soups, sauces, and dressings, RTE & RTC meals, and others. The increasing use of additives within the processed food industry is predicted to spice up the expansion of the worldwide citric acid market. Increasing awareness about the usage of natural ingredients in various food products is predicted to drive the market growth. Citric acid also finds application in many various industries and products. It’s used for medicinal purposes and cosmetics and private care products like body lotions, shampoos, bathing creams, soaps, and cleaning products. Entrepreneurs who invest in this project will be successful.