- In March 2023, Noble Biomaterials, Inc., a Pennsylvania-based biotechnology firm, unveiled its innovative bio-based citric acid formula called Ionic + Botanical. This advanced formulation effectively reduces fabric odors by inhibiting microbial growth, marking a significant breakthrough in textile technology. Products incorporating this novel formula are projected to hit the market by 2024, highlighting the company's commitment to sustainability and functional textiles
- In November 2022, Gadot Biochemical Industries launched Cal2Mg, a new calcium-magnesium citrate combination designed to cater to rising consumer demands for nutritious food ingredients. Utilizing a binder-based granulation method, Cal2Mg offers an enhanced texture that improves both handling and cooking processes. This introduction aligns with the industry's trend towards high-quality, functional food components, ensuring consumers have access to better nutritional options
- In June 2022, Jungbunzlauer, a prominent player in citric acid manufacturing, introduced monomagnesium citrate. This new product, a 1:1 monobasic magnesium salt, is specifically formulated for use in functional foods, beverages, and dietary supplements. With its unique sour taste and high solubility, monomagnesium citrate is especially suited for mineral-fortified beverage powders, meeting growing consumer demands for tasty, health-oriented, and functional food components
- In January 2022, Gadot Biochemical Industries launched Cal2Mag, a mineral blend combining calcium citrate and magnesium citrate. This formulation is based on scientifically validated ratios that provide long-term support for bone health. By focusing on this product, Gadot aims to meet the growing demand for effective nutritional supplements. Cal2Mag's introduction reflects the company's commitment to delivering high-quality, beneficial products to health-conscious consumers
- In April 2021, Jungbunzlauer announced the expansion of its citric acid facility in Port Colborne, Canada, in response to the increasing global demand for citric acid and citrate-based products. This strategic expansion aims to enhance manufacturing capacity and solidify Jungbunzlauer's position as a leading player in the citric acid market. The facility will supply high-quality ingredients to diverse industries, including food, beverage, pharmaceuticals, and personal care
- In April 2021, Tate & Lyle announced its decision to divest its majority stakes in its primary products business unit, which includes the production of citric acid, dextrose, corn sweeteners, ethanol, and industrial starches. This strategic move aligns with Tate & Lyle's focus on healthy food solutions while ensuring that its core product business remains distinct from its food and beverage offerings. This shift emphasizes the company's commitment to health and wellness
Frequently Asked Questions
The market is segmented based on Segmentation, By Form (Anhydrous and Liquid), Application (Food, Pharmaceutical and Cosmetics, Reagent and Others), Function (Acidulant, Antioxidant, Preservative and Sequestrant), Grade (Food, Pharmaceutical and Industrial Grade) – Industry Trends and Forecast to 2031
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The Global Citric Acid Market size was valued at USD 6.68 USD Billion in 2023.
The Global Citric Acid Market is projected to grow at a CAGR of 5.92% during the forecast period of 2024 to 2031.
The major players operating in the market include ADM, Cargill ,orporated, Tate & Lyle, Jungbunzlauer Suisse AG, Kenko Corporation, Pfizer , and others-.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
