CITRIC ACID ESTER MARKET ANALYSIS

Citric Acid Ester Market, By Grade (Pharmaceutical Grade, Food Grade, Industrial Grade, and Others), By Application (Food and Beverage, Cosmetics and Personal Care, Pharmaceuticals, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

In 2021, Lanxess, a leading company in the specialty chemicals industry known for its diverse product portfolio and global reach, acquired Emerald Kalama Chemical, a company specializing in citric acid esters and other chemical solutions. This strategic acquisition, valued at approximately US$ 1.1 billion, significantly bolstered Lanxess' market presence, enhancing its offerings in high-performance chemicals and expanding its footprint in the growing citric acid ester market.

Operational Insights:

Lemon-flex Company Limited is a China-based company primarily involved in the processing and production of citrus-derived products including lemon juice concentrates, lemon essences, and other citrus-based ingredients. They annually produce 64,000 tons of citrate series products, 38,000 tons of triacetin products, 18,000 tons of Dioctyl terephthalate (DOTP) products; The company have the license of having import and export business independently.