Citric Acid Market, By Grade (Food Grade, Industrial Grade, and Pharmaceutical Grade), By End-use Industry (Food & Beverages, Pharmaceutical/Personal Care, Animal Feed, and Metal Finishing & Cleaning), By Application (Acidulant, Cleaning Agent, Binding Agent, Preservative, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2024

Code : CMI1984

Pages :140

Formats :

Excel and PDF

Industry : Bulk Chemicals

Market News

Recent Developments:

In November 2022, Gadot Biochemical Industries Ltd. is a company that manufactures chemical products, offering ingredients and fine chemicals for the food and beverage, cosmetic, detergent, and pharmaceutical industries. Gadot Biochemical Industries Ltd. launched a new product called Cal2Mg, which is a composition of calcium citrate and magnesium citrate. The product is produced by using a unique granulation process with the addition of a binder. This process helps to enhance the product's texture, thereby making it easier to handle and incorporate into various food applications. With this launch, Gadot Biochemical Industries Ltd. aims to cater to the growing demand for high-quality, functional food ingredients that can provide additional nutritional benefits to consumers.
In June 2022, Jungbunzlauer is a producer of biodegradable ingredients of natural origin, offering a broad spectrum of high-quality, bio-based ingredients, including citric and mineral salts. Jungbunzlauer, a key player in the citric acid market, in 2022, introduced a new product named monomagnesium citrate. It is a monobasic magnesium salt with a molar ratio of 1:1, and it is primarily used as a mineral source in functional foods, beverages, and food supplements. Due to its pleasantly sour taste and high solubility, monomagnesium citrate is the preferred magnesium salt for mineral-fortified beverage powders. With this new product, Jungbunzlauer aims to cater to the growing demand for functional food ingredients that offer additional nutritional benefits while also providing an enjoyable taste experience to consumers.
In April 2021, Jungbunzlauer, a producer of citric acid and citrate-based ingredients, announced plans for the expansion of its citric plant in Port Colborne, Canada. The expansion is aimed at meeting the growing global demand for citric acid and citrate-based functional and bio-based ingredients. The move is a response to the consistently strong demand for these ingredients and is expected to provide the company with greater production capacity to meet the growing needs of its customers. With this expansion plan, Jungbunzlauer aims to strengthen its position as a key player in the citric acid market and provides high-quality citric acid and citrate-based ingredients to meet the diverse needs of the food, beverage, pharmaceutical, and personal care industries.