Citric Acid Regulators Market Expected to Reach $3.1 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Citric Acid Regulators Market," The citric acid regulators market size was valued at $1.8 billion in 2021, and is estimated to reach $3.1 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031. 

Citrus fruits such as lemons, grapefruit, limes, and others naturally produce citric acid regulators (INS 330 or E330). It is chemically manufactured by the fungi Aspergillus niger and Candida lipolytic (Y-1095), which produce more citric acid than other yeasts. Citric acid is available in two forms: anhydrous and monohydrate. Citric acid, whether anhydrous or monohydrate, is the most popular acidulant used to provide a sour flavor to foods and beverages. It also functions as a preservative, pH indicator, antioxidant, and coloring agent.

For the past two to three decades, customers have been drawn to the market by the availability of ready-to-eat and processed food goods such as ready-to-eat meals, meats, dairy products, and others. Packaged products evolve throughout time in response to market demand and customer needs. Consumers today demand the highest quality food and beverage goods from manufacturers. Pre-cooked or ready meals are incredibly handy, less time-consuming, cost-effective, and need less work to prepare. The benefit has raised the demand for quick meals, especially among working people and students. Citric acid is used in the preparation of food and beverages because it improves product quality, adds texture, and works as a preservative. Food manufacturers are experimenting with different citric acid mixes in order to boost total production. As a result, the rise in packaged food sales promotes the expansion of the citric acid regulators market.

Flavoring essence is a major ingredient that is used in flavoring soft drinks & sodas. Increase in use of synthetic flavoring essence is stifling growth of the soft drink business since it has been related to dental issues in consumers as a result of long-term consumption. According to the American Dental Association, synthetic flavoring essences such as citric acid affect teeth and lead to erosion. Prolonged consumption of soda dissolves the layer of enamel and affects structural integrity. The damage further leads to hypersensitivity, and increases the chances of the formation of cavities, and tooth erosion. On the other hand, synthetic flavor essence affects the pH level of the water and it tends to keep it low than the neutral pH level limit. The pH of a beverage is the most important factor in determining its ability to affect the teeth. A pH of less than 4 is regarded to be harmful to oral health. Overall, consumers are becoming more aware of the importance of maintaining good dental health, which is preventing them from drinking flavored sodas containing synthetic flavor essences and thus forcing beverage companies to look for alternatives for citric acid. This is reducing the citric acid regulators market opportunities for growth

The rise in the prices of raw materials used in the manufacture of citric acid regulators is impeding the market's expansion. Lime, lemons, grapefruit, black mold, and other citrus fruits are the primary raw materials used in citric manufacture. Raw material costs are unpredictable and impacted by a variety of causes such as harsh weather, political instability, pests, and disease. Furthermore, the widening supply-demand mismatch in the fruit market has hastened the price of citrus fruits. The continued irregularity of citric acid production from natural sources has influenced the price, which has risen due to reduced output and greater demand. Price hikes and a scarcity of raw materials for the production of citric acid regulators limit the citric acid regulators market growth and decreases the citric acid regulators market size.

The citric acid regulators market is segmented into form, application, and region. On the basis of form, the market is categorized into anhydrous and monohydrate. On the basis of application, it is divided into food and beverages. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and The rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and Rest of LAMEA).

Players operating in the global citric acid regulators industry have adopted various developmental strategies to expand their citric acid regulators market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Archer Daniels Midland, ATP Group, BASF SE, Cargill Incorporated, CHEMELCO INTERNATIONAL B.V., Citrique N.V., Cofco, E. I. du Pont de Nemours and Company, F.B.C. Industries, Inc., Foodchem International Corporation, Gadot Biochemical Industries Ltd., S.A., Huangshi Xinghua Biochemical Co. Ltd, JUNGBUNZLAUER SUISSE AG, Merck Group KGaA, Kenko Corporation, Koninklijke DSM N.V., TTCA, Co., LTD, RZBC Group Co, Ltd., Tate & Lyle, and Shandong Ensign Industry Co., Ltd.

Key findings of the study

• According to citric acid regulators market trends, based on form, the anhydrous segment is projected to witness the highest CAGR of 5.0%, in terms of revenue, during the forecast period.
• According to citric acid regulators market, based on application, the beverage segment is expected to grow at a significant CAGR during the citric acid regulators market forecast period.
• According to citric acid regulators market analysis, based on the country in North America, the U.S. was the largest market for citric acid regulators industry in 2021, in terms of revenue generation.
• based on region, Europe is anticipated to witness the highest growth rate in the citric acid regulators market, registering a CAGR of 6.9% from 2022 to 2031.