This report is based on the latest economic data and presents complete and detailed information about main process flow, raw material requirement, reactions involved, utility cost, operation cost, capital investment, prices and margins. This is a must read for all entrepreneurs, investors, consultants, researchers, business strategists, and anyone with an interest in the citric acid industry.
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Citric acid is a weak organic acid found in citrus juice. It is widely used in the food and beverage (F&B) industry as a souring agent in many carbonated soft drinks. Citric acid also helps inhibit the growth of microorganisms, adjust the pH of solutions, induce acidity in beverages, etc.
It further finds applications in household detergents and cleaners, where it is used as a co-builder, primarily in concentrated liquid detergents that have zeolite building systems, as citric acid responds to less harmful formulations than phosphates in water systems.
Expanding F&B industry across the globe is among the key factors driving the citric acid market. In addition to this, the increasing use of the products in sealants, personal care items, adhesives, coatings, inks, plastics, animal feeds, polymers, pharmaceuticals, etc. further catalyzes market growth. Also, the potency and chemical composition of citric acid remains stable for long periods of time, thanks to which it finds many applications as a preservative, coloring and flavoring agent.
This, in turn, acts as another important factor inducing growth. Apart from this, the growing awareness of the harmful and negative effects of incorporating chemicals in daily use items is propelling the demand for biologic product variants, which is also positively influencing the global market. Furthermore, the rising popularity of ready-to-drink (RTD) beverages and processed food products, owing to busy work schedules and consumer lifestyles, is expected to drive the citric acid market in the coming years.
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The report provides an in-depth and comprehensive techno-economic analysis, including:
- Market trends
- Major regions
- Main Manufacturers
- Price trends
- Mass balance and raw material requirements
- Various types of unit operations involved
- Raw material costs
- Utility costs
- Labor costs
- Packing costs
- Transport costs
- Land and construction costs
- Machine costs
- Profit margins
- Product Pricing
If you need specific business requirements, you can mention them. We can customize the report according to the specific needs of the client.
To note: As the novel coronavirus (COVID-19) crisis engulfs the world, we are continuously monitoring changes in markets, as well as industry consumer behaviors globally, and our estimates on the latest market trends and forecasts are In progress. after considering the impact of this pandemic.
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About Us: Syndicated Analytics, a subsidiary of IMARC Group, offers consulting services and provides comprehensive market information in the form of research reports, production cost reports and feasibility studies. Our team, made up of experienced researchers and analysts from a variety of industries, is deeply committed to the quality of information and insights provided to clients, who range from small and medium-sized businesses to Fortune 1000 companies. These companies are able to achieve this by studying the qualitative and quantitative aspects of the market and keeping abreast of current and evolving industry trends.
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