Citric Acid Regulators Market Forecast to Reach USD 3.1 billion by 2031: Analysis of Growth Opportunities & Trends

Allied Market Research published a report, titled, "Citric Acid Regulators Market by Form (Anhydrous, Monohydrate), by Application (Food, Beverage): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global citric acid regulators industry generated $1.8 billion in 2021, and is estimated to reach $3.1 billion by 2031, witnessing a CAGR of 5.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

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Drivers, Restraints, and Opportunities

Increase in demand for ready-to-eat meals & fast food, introduction of innovative technologies, and a heavy inflow of investments in R&D activities, the upcoming trend of using natural flavor essence such as citric acid owing to rise in health awareness, and the high demand for stabilizers and antioxidant food ingredients across European countries to produce commercialized clean-label products drive the growth of the global citric acid regulators market. However, high cost of raw materials used in the manufacture of citric acid regulators hampers the market growth. On the other hand, increase in the use of citric acid regulators in the food & beverage industry, such as in bakeries, confectionery, sauces, condiments, and dressings provide lucrative opportunities for the market growth in the coming years.

Major Key Companies Involved:

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.

Regional Analysis:

Asia-Pacific to maintain its dominance in terms of revenue by 2031

Based on region, Asia-Pacific was the largest market in 2021, capturing more than one-third of the global citric acid regulators market, and is expected to lead the trail during the forecast period. This is due to the increase in use of citric acid regulators in food and beverage products, owing to the high market demand from the Asia-Pacific population. However, the market in Europe is projected to manifest the fastest CAGR of 6.8% during the forecast period, owing to the increase in demand for carbonated beverages and food products in the region. The report also analyzes the North America and LAMEA segments.

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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.

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.

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Based on application, the beverage segment was the largest market in 2021, contributing to more than two-thirds of the global citric acid regulators market, and is expected to maintain its leadership status during the forecast period. This is due to the high usage of citric acid regulators in different beverage products as a flavor enhancer and pH balancer. On the other hand, the food segment is projected to witness the fastest CAGR of 5.9% from 2022 to 2031, owing to the increased usage of citric acid regulators in different types of food products.

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