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Argentina Citric Acid Market Size, Share, Growth, Analysis: By Form: Liquid, Powder; By Application: Pharmaceutical, Food and Beverages, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis; Trade Data Analysis; Competitive Landscape; 2024-2032
Argentina Citric Acid Market Outlook
The Argentina citric acid market size is projected to expand at a CAGR of 1.20% between 2024 and 2032.
Key Takeaways
- Citric acid production has been influenced by technological advancements in manufacturing processes and the increasing utilisation of advanced machinery.
- Research and development on potential uses and applications of citric acid are advancing, with some of its recent innovative uses being cross-linking and disinfectant.
- Citric acid acts as a multifunctional pharmaceutical excipient, masking the bitter taste of medications to improve their palatability.
Citric acid serves a variety of purposes in Argentina's industrial sector, acting as a key component in diverse industries including food and beverages, pharmaceuticals, and cosmetics, among others. The diverse applications of the compound highlight its importance and strategic value in Argentina.
As per the Argentina citric acid market analysis, the versatility of citric acid makes it an essential compound in diverse industries. In the food and beverage sector, citric acid is commonly used as a flavour enhancer, preservative, and pH regulator. It is found in a wide range of products such as soft drinks, candies, jams, and sauces. In the pharmaceutical industry, citric acid is utilised to produce medications, vitamins, and supplements due to its ability to improve the absorption of certain nutrients.
Moreover, the dehydrated/powdered form of citric acid, devoid of water molecules, holds a considerable portion of the market. It is highly prized in the pharmaceutical sector for its reliability and ability to regulate moisture, and in the food and beverage industry for its extended shelf life.
Nowadays, citric acid producers are adopting environmentally friendly production techniques to promote sustainability. One of the sustainable techniques used to produce citric acid is the utilisation of microbial fermentation. This process involves using microorganisms such as Aspergillus Niger to convert sugars into citric acid through a series of biochemical reactions. By harnessing the natural abilities of these microorganisms, the production of citric acid can be carried out in a more environmentally friendly manner compared to traditional chemical synthesis methods, contributing to the Argentina citric acid market development.
Market Segmentation
“Argentina Citric Acid Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Form
- Liquid
- Powder
Market Breakup by Application
- Pharmaceutical
- Food and Beverages
- Others
Competitive Landscape
The market players are focusing on production improvements, capacity expansions, and collaborations to strengthen their market position
- Archer-Daniels-Midland Company
- Merck KGaA
- Droquimar SRL
- Shorton Argentina S.R.L.
- El Bahiense - Food Additives SRL
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Form |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Citric Acid Market Overview
8.1 Key Industry Highlights
8.2 Latin America Citric Acid Historical Market (2018-2023)
8.3 Latin America Citric Acid Market Forecast (2024-2032)
8.4 Latin America Citric Acid Market Breakup by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Argentina Citric Acid Market Overview
9.1 Key Industry Highlights
9.2 Argentina Citric Acid Historical Market (2018-2023)
9.3 Argentina Citric Acid Market Forecast (2024-2032)
10 Argentina Citric Acid Market by Form
10.1 Liquid
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Powder
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Argentina Citric Acid Market by Application
11.1 Pharmaceutical
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Food and Beverages
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Trade Data Analysis (HS Code: 291814)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Archer-Daniels-Midland Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Merck KGaA
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Droquimar SRL
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Shorton Argentina S.R.L.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 El Bahiense - Food Additives SRL
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Citric Acid Market: Key Industry Highlights, 2018 and 2032
2. Argentina Citric Acid Market: Key Industry Highlights, 2018 and 2032
3. Argentina Citric Acid Historical Market: Breakup by Form (USD Million), 2018-2023
4. Argentina Citric Acid Market Forecast: Breakup by Form (USD Million), 2024-2032
5. Argentina Citric Acid Historical Market: Breakup by Application (USD Million), 2018-2023
6. Argentina Citric Acid Market Forecast: Breakup by Application (USD Million), 2024-2032
7. Major Importing Countries by Volume
8. Major Exporting Countries by Volume
9. Major Importing Countries by Value
10. Major Exporting Countries by Value
11. Argentina Citric Acid Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 1.20% between 2024 and 2032.
The market is driven by the wide use of citric acid in pharmaceuticals, cosmetics, and food and beverage sectors.
The key trends aiding the market expansion include the adoption of sustainable practices to produce citric acid and technological advancements in production methods.
The major forms of citric acid are dry and liquid.
The major applications of citric acid are pharmaceutical, and food and beverages, among others.
The key players in the market are Archer-Daniels-Midland Company, Merck KGaA, Droquimar SRL, Shorton Argentina S.R.L., and El Bahiense - Food Additives SRL, among others.
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