| Product | Category | Region | Price | Last Updated Month |
| Citric Acid (Powder) | Food and Beverages | USA | 2219 USD/MT | October'24 |
| Citric Acid (Powder) | Food and Beverages | USA | 2236 USD/MT | November'24 |
Stay updated with the latest Citric Acid (Powder) prices, historical data, and tailored regional analysis
In Q4 of 2024, the citric acid (powder) market in North America saw a gradual upward trend. The prices of citric acid (powder) were around 2219 USD/MT (CFR) in October and rose to approximately 2236 USD/MT in November in the US markets. The price increase was mainly due to a reduction in the supply of corn, a key feedstock. Major corn-producing states experienced weather-related issues during the harvest season, leading to a decrease in supply. This limited availability of corn increased production costs, narrowing the profit margins for citric acid (powder) manufacturers, as procuring corn at lower prices became more difficult. Additionally, logistical challenges, including high shipping charges for imports from Asia, further contributed to the rising costs.
In Asia, supply conditions remained strained as China, a leading producer of citric acid, faced bottlenecks. Severe weather events, such as typhoons, caused shipping delays, resulting in a limited supply of feedstocks. Moreover, inventories in the Asia-Pacific region fell due to increased demand from downstream industries, including food and beverages, pharmaceuticals, and cleaning products, driven by seasonal procurement spikes. Overall, the rise in feedstock prices supported the upward trend in citric acid (powder) prices, which showed a gradual incline during the last quarter of 2024.
Analyst Insight
According to Procurement Resource, moving forward in the new year, the prices of citric acid (powder) are expected to maintain a similar trend until the supply of the major feedstock stabilizes.
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In Q3 2024, the global market for citric acid powder experienced varied trends, with regional dynamics shaping its price movement. In Asia, where citric acid powder is primarily produced, prices were tempered by abundant supply from China, the leading producer, thanks to stable corn feedstock availability. Despite strong industrial demand, particularly in the food and beverage sector, the oversupply situation in the region prevented significant price increases. In Europe, however, the scenario was different.
Manufacturers faced higher production costs due to rising energy prices and the implementation of stricter environmental regulations, which led to increased production costs. These additional costs were passed on to consumers, pushing up prices for citric acid powder, even as demand remained subdued in key sectors. In North America, the market saw more price predictability as corn prices stabilized, offering relief to producers. However, logistical hurdles, particularly in transportation, continued to exert upward pressure on prices, while imports from Asia and Europe added to price volatility. Overall, citric acid powder prices remained under pressure from raw material and logistical costs, with regional variations and external factors continuing to influence the market.
Citric acid powder is a natural preservative and flavor enhancer derived primarily from citrus fruits. It appears as a white, crystalline powder widely used for its tart, acidic taste. It acts as an effective preservative by altering pH levels and as an emulsifying agent in foods, beverages, and pharmaceuticals. Additionally, citric acid is utilized in cosmetics for adjusting acidity and in cleaning products for its ability to remove hard water stains and build-up.
HOC(COOH)(CH2COOH)2
Hemadri Chemicals, Weifang Ensign Industry, S.A. Citrique Belge N.V., Archer Daniels Midland Company, Shandong Juxian Hongde Citric Acid Company, Huangshi Xinghua Biochemical
CurrencyUS$ (Data can also be provided in local currency)
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This report includes a detailed study of production of citric acid through solid state fermentation.
This report provides an extensive cost evaluation of Citric Acid production via surface fermentation. The manufacturing process of Citric Acid occurs via surface fermentation, which is a stationary batch process completed within 8 to 12 days.
Sodium Citrate Manufacturing Plant Project Report thoroughly focuses on every detail that encompasses the cost of manufacturing. Our extensive cost model meticulously covers breaking down expenses around raw materials, labour, technology, and manufacturing expenses. This enables precise cost structure optimization and helps in identifying effective strategies to reduce the overall cash cost of manufacturing.
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