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An ester of citric acid is also known as citric acid ester. Citric acid is a synthesized by reacting citric acid with ethyl alcohol that is called esterification. Cherries and wine both naturally contain the compound. Citric acid ester is used in plasticizers, food additives, lubricants, plastics, and pharmaceutical coatings, among other things.

Global citric acid ester market is expected to surpass US$ 468.6 million by the end of 2030 and exhibit a CAGR of 5.6% during the forecast period (2022 to 2030).

Drivers

Growing popularity of environment friendly, a non-toxic plasticizer that can replace the highly persistent plasticizers such as phthalates is driving the growth of the citric acid ester market. Citric acid ester is used as a plasticizer to lighten polymers (such as rubber and plastic) and can be used to restrict viscosity. The construction and automotive industries are increasingly have used plastic because it is cost effective and can hold on a variety of shapes. The packaging industry's expanding use of plastics to protect equipment from dust and scratches is also driving up demand for citric acid ester, which gives plastic polymers flexibility. According to the European Plasticizers Association, Over 7.5 million tonnes of plasticizers is consumed annually in Europe. The market is expanding as a result of the growing use of plastics as a substitute for metals in industrial applications.

Consumers are shifting more towards skin care products is influencing the citric acid ester market. Citric acid ester is integrated in all type of cosmetic products including bath products, baby products, soaps, make-up, detergents, hair dyes, hair colours and other skin care products.

Among regions, Asia Pacific held a dominant position in the global citric acid ester market in 2021, accounting for 39.6% market share in terms of revenue, followed by Europe and North America. Due to rapid economic changes and industrialization, the citric acid ester market is expected to drive the growth in the near future.

Figure 1. Global Citric Acid Ester Market Revenue Share (%), By Region, 2021

Citric Acid Ester  | Coherent Market Insights

Market Restraints

By intake and inhalation, a citric acid ester is taken up by the body and causes eye irritation, lung irritation that results in coughing and nausea, central nervous system depression, and slowness of reflexes. Citric acid ester is highly harmful to aquatic life, hence laws supported by the Food & Drug Administration (FDA) may prevent its manufacturing and shipment in underdeveloped nations. This factor is adversely affects the market for citric acid ester.

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Citric Acid Ester Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 285.2 Mn
Historical Data for: 2017-2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 5.6% 2030 Value Projection: US$ 468.6 Mn
Geographies covered:
  • Regions: North America, Latin America, Europe, Asia Pacific, and Middle East, & Africa
Segments covered:
  • By Grade: Pharmaceutical Grade, Food Grade, and Industrial Grade
  • By End-use Industry: Polymer, Food & Beverages, Pharmaceutical, Beauty care, Construction, and Others (Automotive etc.)
Companies covered:

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

Growth Drivers:
  • Expanding use of non-toxic, environment friendly plasticizer
  • Increasing  use of citric acid ester in all type of cosmetic products
Restraints & Challenges:
  • Side-effects associated with the excessive consumption of citric acid ester

Market Trends

Citric acid ester is used as plasticizers to reduce hardness of polymers (rubber and plastic) and can be further used to regulate viscosity. Cost effectiveness and the ability of plastics to transform into various shapes is augmenting the use of plastic in construction and automotive sectors. Surging use of plastics in packaging industry for the protection of equipment from scratches and dust is also boosting the demand for citric acid ester for imparting flexibility to plastic polymers.

Figure 2. Global Citric Acid Ester Market Revenue Share (%), By End-Use Industry, 2021

Citric Acid Ester  | Coherent Market Insights

Among end-use industry, food & beverages segment accounted for the highest market share of 26.9% in the global citric acid ester market in 2021. Increasing use of citric acid plays a huge role in enhancing flavors, particularly in the drinks industry, as it provides a sour, and refreshing flavor which offsets the sweetness of many drinks. Many professional chefs also testify for it, as it enables them to fine tune their dishes and balance off any unwanted naturally occurring sweetness.

Global Citric Acid Ester Market - Impact of Coronavirus (Covid-19) Pandemic

The breakout of the COVID-19 pandemic has had a significant impact on the global market for citric acid ester. The citric acid ester market has been severely impacted by COVID-19. The COVID 19 pandemic is expected to disrupt regular economic activity and daily life worldwide in 2020, according to an estimation made by the World Trade Organization. Manufacturing companies have had to stop producing as a result of supply chain disruption and a manpower shortage, which has further contributed to their demise. The construction industry and the automobile industry both experienced a decline in purchasing power, which in turn reduced the demand for polymers and slowed the market expansion for citric acid ester.

Key Players

Key players operating in the global citric acid ester market 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

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.

Frequently Asked Questions

Global citric acid ester market is expected to surpass US$ 468.6 million by 2030 and exhibit a CAGR of 5.6% between 2022 and 2030.
Growing popularity of environment friendly, a non-toxic plasticizer that can replace the highly persistent plasticizers such as phthalates is driving the growth of the market.
Increasing demand of citric acid ester for imparting flexibility to plastic polymers is a major trend in the market.
Side-effects associated with the excessive consumption of citric acid ester and causes harm to aquatic animal. This factor is hampering growth of the market.
Major players operating in the market 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
The market is estimated to be valued at US$ 285.2 million in terms of revenue in 2021.

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