Procurement Resource Analyses the Production Cost of Citric Acid in its New Report
Analyses Overview of The New Production Cost Report of Citric Acid
The new report by Procurement Resource, a global procurement research, and consulting firm, looks in-depth into the costs involved in the production of Citric acid. The comprehensive report analyses the production cost of the material, covering the raw material costs and co-product credit, equipment costs, land and site costs, labour wages, maintenance costs, financing charges, and depreciation costs. The extensive study describes the stepwise consumption of material and utilities along with a detailed process flow diagram. The report also assesses the latest developments within the industry that might influence Citric Acid production costs, looking into the capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Citric acid is a low-acidity, organic, colourless, and odourless acid found naturally in citrus fruits. It has a spicy and acidic flavour and is typically found in citrus fruits like lemons. The acid is widely used in the synthesised form as a culinary ingredient, cleaning product, and nutraceutical.
Factors Impacting the Citric Acid Production Cost:
The citric acid is assisting producers in delivering a clean label for their goods while also satisfying consumer need for less expensive safe and permitted components, which is favourably benefiting the market. The market’s expansion is aided by the advent of a variety of novel product releases with a variety of flavour options. Besides, significant businesses’ research and development initiatives are expected to boost demand in the near future. Hence, these factors are likely to impact the production cost of Citric Acid.
Procurement Resource Assessment of Citric Acid Production:
The production cost report by Procurement Resource assesses the production of Citric Acid via surface fermentation, via submerged fermentation, and solid-state fermentation. The production process of Citric Acid via surface fermentation; involves aspergillus Niger on rice bran or wet corn grains, or in liquid cultures. The process takes around 24 hours. Likewise, in the production process of citric acid via submerged fermentation; the strains are buried around 15cm deep in the fermentation tank and enhanced by aeration through air bubbles. The process takes 5- 14 days after which it is purified. Similarly, the production process of citric acid via solid-state fermentation is also known as the Koji Fermentation process. Strains of A. Niger are used in the method. Highly used in Japan, it is the simplest method and accounts for one-fifth world’s production of citric acid per annum.
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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.
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