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Citric Acid Monohydrate Manufacturing Business | |
| Citric Acid Monohydrate Manufacturing Business. Business Opportunities in Chemical Industry Citric acid is a weak organic acid with the formula C6H8O7. It is a natural preservative/conservative and is also used to add an acidic or sour taste to foods and drinks. In biochemistry, the conjugate base of citric acid, citrate, is important as an intermediate in the citric acid cycle, which occurs in the metabolism of all aerobic organisms. It consists of 3 carboxyl (R-COOH) groups. Citric acid is a commodity chemical, and more than a million tonnes are produced every year by fermentation. It is used mainly as an acidifier, as a flavoring, and as a chelating agent. Citric Acid is used in Food, Beverages, Flavor enhancer, Coloring. Citric Acid is used in Preservative, Detergents, Cleaners, Pharmaceuticals, Cosmetic. Citric Acid is used in Industrial and Chemical processing. Citric Acid is used in fluxes for galvanizing, soldering & tinning. Citric Acid Monohydrate is a tricarboxylic acid found in citrus fruits. Citric acid is used as an excipient in pharmaceutical preparations due to its antioxidant properties. It maintains stability of active ingredients and is used as a preservative. It is also used as an acidulant to control pH and acts as an anticoagulant by chelating calcium in blood. Application Citric acid monohydrate was used in the preparation of citric acid solution employed in the acetone method of 68Ga pre-purification and radiolabeling technique. It may be used: • As release-modifying agent to improve the release of diltiazem hydrochloride from melt extruded Eudragit RS PO tablets. • To prepare citrate buffer for use in the preparation of platelets for intravital microscopy. • To prepare Tris-citrate buffer employed for the electrophoresis of bacterial enzymes. Market Outlook The global citric acid market exceeded the volume of 2 Million Tons in 2018. The market is further projected to reach a volume of nearly 3 Million Tons by 2024, growing at a CAGR of 4% during 2019-2024. Due to its various advantageous properties, citric acid is widely used as an additive in food and beverages, personal care products, cleaners and detergents, adhesives and sealants, coatings, inks, plastics and polymers, pharmaceutical products and clinical nutrition, feed and pet food items. The rising demand for citric acid from the food and beverage industry as a food additive is set to remain the key driving factor for the growth of the global citric acid market during the forecast period. The significant demand for carbonated soft drinks and convenience and ready-to-eat products due to the growing urban population and changing consumer trends are contributing in a large way to the demand for citric acid in the food and beverage industry. Increasing industrial preferences for additives derived from natural sources over their synthetic counterparts are likely to contribute to product demand in the food and beverage, cosmetics, and pharmaceuticals industries. For instance, there is a growing demand for citric acid in the detergents and cleaners segment due to its non-toxic, non-corrosive, and biodegradable characteristics. The segment is expected to showcase substantial growth during the forecast period. High demand for the product to preserve food is expected to be a key driver for the industry growth. In addition, the growing demand for the compound in pharmaceutical industry for the manufacturing of digestive medicines is expected to positively drive the market over the forecast period. Citric acid helps manufacturers in offering a clean label to their products, and satisfying consumer demand for safe and permitted ingredients within their budget. However, manufacturers face intense competition from inter- and intra-industry peers in sourcing raw material, ultimately restraining the market growth to a significant extent. Citric acid is also used in the production of detergents and cleaners. Various environmental norms have resulted in the replacement of phosphate builders with citric acid in many formulations. Unlike phosphates, citric acid does not contribute to the eutrophication of water bodies and is desirable from an environmental perspective. Moreover, availability in abundance, low price, and large-scale applications boost the growth of the market. Molasses, waste feedstock and fruit peel, the raw materials used for the production of citric acid is cheap and is its availability is practically unlimited. However, the threat from lactic acid as a substitute to citric acid is likely to restrain the growth of the growth of the global citric acid market over the forecast period. The significant demand for carbonated soft drinks and convenience and ready-to-eat products due to the growing urban population and changing consumer trends are contributing in a large way to the demand for citric acid in the food and beverage industry. Increasing industrial preferences for additives derived from natural sources over their synthetic counterparts are likely to contribute to product demand in the food and beverage, cosmetics, and pharmaceuticals industries. For instance, there is a growing demand for citric acid in the detergents and cleaners segment due to its non-toxic, non-corrosive, and biodegradable characteristics. The segment is expected to showcase substantial growth during the forecast period. Citric acid is also used in dairy products, jellies, jams, and cake fillings to embed a tart-like flavor and to increase the shelf life. The global citric acid market analysis showed that growth in sales of detergents and household cleaning products is also contributing significantly to the sales of the chemical. Changing lifestyle and consumer inclination for easy-to-handle sophisticated products is, in turn, propelling the global citric acid market growth. The prominent manufacturers in the global citric acid market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Merck KGaA (Germany), Tate & Lyle (UK), COFCO Biochemical (Anhui) CO., LTD (China), Jungbunzlauer Suisse AG (Switzerland), HUANGSHI XINGHUA BIOCHEMICAL CO.LTD. (China), RZBC GROUP CO., LTD. (China), Weifang Ensign Industry Co., Ltd (China), Gadot Biochemicals Industries LTD. (Israel), S.A. Citrique Belge N.V. (Belgium), and Pfizer Inc. (U.S.). 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| Working capital: - | T.C.I: - |
| Return: 1.00% | Break even: N/A |
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