Citric acid anhydrous demand is predicted to rise throughout the forecast period, owing to the growing global demand for healthy food additives. The demand for citric acid anhydrous dominates in the food and beverages industry more than three quarters with North American market driving the business from front seat accounting more than 23% global share. It is also used in cosmetics industry and have various applications for the production of different end products. Pharmaceutical industry demand for citric acid anhydrous is predicted to expand at a robust CAGR over the assessment period.
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Despite the fact that it is harmless additive, it still may cause minor adverse effects such as stomach cramps and various skin diseases. However due to its wide range of application in the various industries, results in rise in the demand.
The widespread use of the product in cosmetics, food and beverages, pharmaceuticals, and other products will provide significant potential prospects. This comprehensive report is intended to provide readers with a complete understanding of dynamics in the market. The report also provides several decision support framework that can help stakeholders in the industry to take a data-driven decision on growth, expansion, acquisition and capacity addition.
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Citric acid anhydrous is a white powder that is colourless and odourless and is derived from citrus fruits. Citric acid anhydrous is mostly used in food and beverage as a flavouring agent and food preservative. The rise of the food and beverages industry has a direct impact on the worldwide citric acid anhydrous market. Consumer interest in food and beverage goods has provided a profitable potential.
Furthermore, it is widely used for the production of hair care products, skincare and toiletries products. Anhydrous citric acid also behaves as a buffering and neutralizing agent due to which there is a high demand for skincare and cosmetics products. It is primarily used in the pharmaceutical industry because of its antioxidant property and used as a preservative in the formulation of the medicine.
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Anhydrous citric acid has widespread application in various industries which help to drive the market. The food and beverage industry is the key factor for influencing the demand, as product plays a significant part in the processing.
It is important for boosting flavours, especially in the beverages, because it has a tangy, refreshing flavour that balances out the sweetness of many drinks. Citric acid is also widely used in the dairy sector, particularly in the manufacturing and processing of cheese. The acids aids in the formation of ideal environment for the emulsion stabilization. During the production of beers and wine, it is used as pH regulator. It can also be used to prevent oxidation and browning of fresh fruits and vegetables.
Hence, anhydrous citric acid has a wide range of application in the food and beverage industry which are the key factors included in providing a great potential for the market.
Asia Pacific Market Outlook
Anhydrous citric acid have a dominant share in the Asia Pacific region due to the increase in consumption of food and beverages. This is primarily due to the presence of some of the highly potential players in the industry. Over the forecast period, the industry is expected to grow at a significant pace.
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