Esterification, a chemical process that combines citrus extracts and ethyl alcohol, produces citric acid ester, an odorless and colorless liquid. Citric acid ester is mostly utilized as a food additive, as a foam stabilizer, as a pharmaceutical coating plasticizer for polyvinyl chloride, and in other comparable plastics. Citric acid ester is also used in e-cigarette fluids as a fictitious emulsifier.

Market Dynamics

Due to rising utilization in food additive and flavoring agent the global market for citric acid ester market is expected to grow during forecast period. Citric acid ester is commonly added as a whipping agent to stabilize foam in dried, frozen or refrigerated egg white products. Citric acid ester is also used as sequestrate or chelating agents in foods that are sensitive to oxidation, such as fats and oils. These are a few of the additional factors that have helped growth of global citric acid ester market.

Furthermore, surging use of citric acid ester as a flavor-preserving agent and stabilizer in processed food is driving the growth of the market. In the cosmetics and personal care sector, citric acid ester is used as a perfume fixer and as a film for hair sprays and nail polish.  It is also an active ingredient in many deodorants.  It is readily biodegradable and considered to have low toxicity prior to degradation.

Increasing environmental concerns and non-degradability of plastic has impacted the growth of citric acid ester market. Government of many countries took major step for minimizing the use of plastic bags. For instance, In July 2015, California has introduced regulation known as SB270 for prohibiting use of plastic bags at groceries, pharmacies and other stores. Additionally, in 2018, in India, the Tamil Nadu state government banned the use, sales, manufacture, storage and supply of plastics.

Key features of the study:

• This report provides an in-depth analysis of the global citric acid ester market, market size (US$ Million & Tons), and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global citric acid ester market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include ChemPoint, Tokyo Chemical Industry, AA BLOCKS, INC., Fine Organics, Oakwood Products, Inc., Nutrition & Biosciences, Zhonglan Industry Co.,Ltd., Indo-Nippon Chemical Co. Ltd, Weifang Limin Chemical Co., Ltd. And Lemon-flex Company Limited
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The global citric acid ester market report caters to various stakeholders in this industry including investors, suppliers, caffeine manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global citric acid ester market

Detailed Segmentation:

• Global Citric Acid Ester Market, By Grade:
  • Pharmaceutical Grade
  • Food Grade
  • Industrial Grade
• Global Citric Acid Ester Market, By End-use Industry:
  • Polymer
  • Food & Beverages
  • Pharmaceutical
  • Beauty care
  • Construction
  • Others (Automotive etc.)
• Global Citric Acid Ester Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Europe
    • By Country:
      • U.K.
      • Italy
      • France
      • Germany
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Sub-region:
      • Middle East
      • Africa
• Company Profiles
  • ChemPoint*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Tokyo Chemical Industry
  • AA BLOCKS, INC.
  • Fine Organics
  • Oakwood Products, Inc.
  • Nutrition & Biosciences
  • Zhonglan Industry Co.,Ltd.
  • Weifang Limin Chemical Co., Ltd.
  • Lemon-flex Company Limited
  • Viachem

*” marked represents similar segmentation in other categories in the respective section.