Citric Acid Regulators Market Competitive Analysis and Industry Forecast by 2031

The citric acid regulators market size was valued at $1.8 billion in 2021, and is estimated to reach $3.1 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.

The citric acid regulators market is expected to witness notable growth owing to its wide application as a preservative, flavoring agent, taste enhancer, and pH balancer in the coming years. An increase in the usage of citric acid regulators in the food & beverage industry, such as in bakeries, confectionery, sauces, condiments, and dressings is expected to fuel the market growth. Moreover, growth in demand for fast food, cold drink, and other food & beverages would supplement the market growth.

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Citrus fruits such as lemons, grapefruit, limes, and others naturally produce citric acid regulators (INS 330 or E330). It is chemically manufactured by the fungi Aspergillus niger and Candida lipolytic (Y-1095), which produce more citric acid than other yeasts. Citric acid is available in two forms: anhydrous and monohydrate. Citric acid, whether anhydrous or monohydrate, is the most popular acidulant used to provide a sour flavor to foods and beverages. It also functions as a preservative, pH indicator, antioxidant, and coloring agent.

For the past two to three decades, customers have been drawn to the market by the availability of ready-to-eat and processed food goods such as ready-to-eat meals, meats, dairy products, and others. Packaged products evolve throughout time in response to market demand and customer needs. Consumers today demand the highest quality food and beverage goods from manufacturers. Pre-cooked or ready meals are incredibly handy, less time-consuming, cost-effective, and need less work to prepare. The benefit has raised the demand for quick meals, especially among working people and students. Citric acid is used in the preparation of food and beverages because it improves product quality, adds texture, and works as a preservative. Food manufacturers are experimenting with different citric acid mixes in order to boost total production. As a result, the rise in packaged food sales promotes the expansion of the citric acid regulators market.

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The citric acid regulators market is segmented into form, application, and region. On the basis of form, the market is categorized into anhydrous and monohydrate. On the basis of application, it is divided into food and beverages. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and The rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and Rest of LAMEA).

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.

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