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Citric Acid Business Plan | |
| Citric acid, a naturally occurring organic molecule, gives citrus fruits their sour flavour. It can also be used in a variety of industrial applications, making it an important part of a wide range of industries, from food and beverage production to personal care products and chemical manufacturing. Citric acid (C6H8O7, 2-hydroxy-1,2,3-propane tricarboxylic acid), the most flexible and widely used organic acid in the food and pharmaceutical industries (60 percent), is a naturally occurring metabolite of plants and animals (10 percent ). It has a wide range of applications in a variety of fields. Global citric acid production is currently estimated to be around 736000 tonnes per year (TPA). Imports account for nearly all of Brazil's citric acid requirements. Its usage is gradually expanding (3-4%) year after year, highlighting the need for new manufacturing choices. Citric acid is a type of salt that is used to add a sour flavour to foods. It can also be present in preservatives and food additives. Other applications include cleaning agents and personal care items such as soaps and toothpaste. Uses: It can be extracted from citrus fruits like lemons, limes, and oranges. It's used to keep food fresh and add flavour to a variety of dishes. Cosmetics and cleaning goods also include it. It's utilised as an acidity regulator or firming agent in soft drinks, jams, jellies, sweets, and a range of other foods. Citric acid can also be found in lotions and soaps for the body. Because of its antibacterial properties, it's sometimes found in hand sanitizers. Because of its universal safety, pleasant acid taste, high water solubility, and chelating and buffering characteristics, citric acid is widely utilised in the food and pharmaceutical industries. It's also used as a buffer in cosmetics and hygiene, as well as a variety of industrial settings. Citric acid has a wide range of non-edible applications, despite the fact that most people associate it with fruit. It's widely used in cleaning solutions because of its ability to remove stains from a variety of surfaces. Certain types of paint and colours can also contain it as a preservative. Some leather tanning solutions contain citric acid, which softens hides and makes them more flexible throughout the tanning process. It's also commonly used in metalworking solutions to prevent oxidation and corrosion. Citric acid is available in several grades, each with its own purity level and intended use. If you wish to start a business producing one of these classes, our project reports are a fantastic place to start. Why you should start a Business in this Industry? The chemical industry's production and distribution of citric acid is rapidly expanding. The price of citric acid has continued to rise, and businesses wishing to expand their product lines now have a wider range of possibilities. One of the main reasons you should consider starting a business in this sector is that you can simply create and distribute citric acid, which is found naturally in citrus fruits such as lemons, limes, oranges, grapefruits, and more. It's easy to make on a large scale, and it's safe to transport because it's not flammable or explosive. Citric acid is used in a wide range of products outside of food, including medicine (as an antibiotic), cosmetics (as a preservative), and even animal feed. It is also less expensive when compared to other chemicals used in these applications. Finally, beginning your own company to produce and sell citric acid provides a lot of potential for financial gain. India Citric Acid Market Outlook: The market for citric acid in India is estimated to reach 80,800 metric tonnes by 2020. The market is expected to grow at a CAGR of 5.7 percent between 2021 and 2026. It has a sour taste and is used in the food industry as a flavouring and preservation agent. Apart from that, citric acid is used for a variety of purposes, including preventing bacteria from growing and manufacturing personal care and cosmetics. It's also used to make a number of medications and health supplements that aid in the body's metabolism and nutrient absorption. India's market is mostly driven by the country's burgeoning pharmaceutical industry. Furthermore, a number of major companies across the country are exploring mergers and acquisitions (M&A) to take advantage of the market's abundant expansion opportunities. Citric acid's rising use in the food and beverage industry, as well as extensive research and development (R&D) initiatives, are two significant factors driving market growth. Global Market Outlook: Sales of citric acid totaled US$ 2,756.5 million in 2015, and are predicted to reach US$ 4,494.8 million by 2026. Sales revenue is predicted to expand at a CAGR of 4.6 percent over the forecast period (2016–2026). In terms of volume, the market is estimated to increase at a CAGR of 3.7 percent over the forecast period. Consumers choose goods that contain plant-based natural components due to a number of health issues. Citric acid demand is increasing all across the world as a result of this. Citric acid's increased use as a cleaning agent as a result of phosphate bans in some countries is expected to drive up market demand in the near future. Citric acid is used to make convenience foods and beverages because it increases acidity, acts as a preservative, contains antioxidants, and enhances flavour, all of which are expected to increase market demand in the near future. Industry Major Market Players: • Archer Daniels Midland Company • Cargill, Incorporated • Tate & Lyle PLC • Jungbunzlauer Suisse AG • Cofco Biochemical (Anhui) Co., Ltd. • Huangshi Xinghua Biochemical Co. Ltd. • RZBC Group Co. Ltd. • Weifang Ensign Industry Co., Ltd. • Gadot Biochemical Industries Ltd. • S.A. Citrique Belge N.V. | |
| Plant capacity: 100 MT Per Day | Plant & machinery: 84 Cr |
| Working capital: - | T.C.I: Cost of Project: 135 Cr |
| Return: 26.00% | Break even: 38.00% |
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