Russia Citric Acid Market

Synopsis
The above chart is Russia Citric Acid Market Outlook (2018 to 2032)

Market Dynamics

russia is a major citric acid producer in the world. in 2018, the demand for citric acid in the country is projected to exceed 175,000 tons. this trend of growth is expected to continue over the forecast period (2018-2032) as well. the major drivers of the russian citric acid market include the increasing usage of the additive for various beverage production, food industry and detergents. citric acid is widely used in beverages, food and confectionaries to impart tart flavors, adjust ph values, and provide many functional advantages including increase shelf life, and inhibit growth of microbial contamination. the growing consumption of processed foods and beverages in the country is therefore expected to play a key role in the increasing demand. moreover, citric acid finds use in various fabrication and processing operations that include use industries such as metal plating, cement production and water treatment. government initiatives are backing up the growth of the metal plating industry which is expected to increase the demand for citric acid in the country and consequently help the market growth. in addition, the emergence of bio based citric acid has further augmented the demand for the additive in the country. bio based citric acid utilizes both microbial as well as chemical processes and the advantages of using this product have resulted in a shift from regular citric acid by the manufacturers. however, stringent regulations imposed by the government and rising raw material prices are expected to hinder the growth of the market over the forecast period. the market is highly fragmented with a host of regional and international players actively participating in the industry. leading market players include tate & lyle, cargill inc., archer daniels midland company, ajinomoto co., inc., and gadot biochemical industries among others.