Citric Acid Market - Forecast (2021 - 2026)
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. As there is also a growing demand of citric acid in pharmaceutical industry for manufacturing of digestive material is also expected to be the key driver for the growth. The growing demand of citric acid in manufacturing of products such as diabetic baked products, ice creams and other low fat dairy products are increasing demands for products and is expected to boost the demand.
What is Citric Acid Market?
What are the major applications for Citric Acid Market?
Market Research and Market Trends of Citric Acid Market:
- The new trend in citric acid is increasing its production and also increasing its usage in biopolymers, for drug delivery, tissue engineering for culturing a variety of cells and many other biomedical applications.
- In recent years the various agricultural waste residuals and by products such as molasses, wheat bran, coffee husk, fruit pomace waste are used as a substrate for citric acid production by solid-state fermentation.
- Citric acid is lately employed for chemical leaching of impurities from natural ores to extract metals of interest.
- Citric acid also is being used in poultry. By addition of citric acid in diet showed a beneficial effect on the performance of poultry by decreasing the pathogenic bacteria that effect the intestinal health of the poultry.
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