22nd Edition of Foodcom ADDITIVES Newsletter
While it may seem that the last month of the year is just for making summaries, celebrating successes and learning lessons from the difficulties of 2022 (boy, was that a challenging year), Foodcom is not going to slow down. We will see you in Paris between December 6 and 8 at Food Ingredients Europe. The booth you are looking for is G60 in Hall 7.1. If you’d like to secure a meeting with our outstanding team, reply to this message as soon as possible!
There is a lot going on in the market for food, feed and industrial additives. In fact, quite a lot. Demand for most products in this category is increasing, and the situation is changing dynamically. So it’s definitely worth keeping up to date so you can react accordingly. As usual, we have prepared for you a compilation of the most important developments in the industry.
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The market situation of Vitamin C remains stable. Vitamin C intake is considered by many consumers as a natural part of their diet, which means that the demand for this commodity remains high. The current trend is expected to continue for a longer period of time as interest in a healthy lifestyle and improving physical performance increases.
Recently, the price of Citric Acid has decreased slightly. The raw material is mainly used for food and beverages. It is used to control the growth of microorganisms, regulate pH and induce sourness. Citric Acid is becoming increasingly popular with detergent and household cleaner manufacturers because it provides a less harmful formulation than phosphates in water systems.
In recent days, the price of Xanthan Gum has increased and the commodity has strengthened its position in the market. As we mentioned earlier, Xanthan Gum is expected to gain importance due to its numerous applications in various industries. The raw material is increasingly used in baking, food and beverage production, as well as in the manufacturing of cosmetics for personal care, so the continuation of the current trend is almost certain.
L-Lysine HCL is a Lysine derivative formed by hydrolysis of proteinaceous material. It is a white to cream colored powder with a slightly bitter taste and odor. Feed grade L-Lysine HCL is used (unsurprisingly) in animal feed, pet food and livestock production. It is also used as a dietary supplement for horses, dogs, cats and other small animals. In recent weeks, the price of this raw material has dropped slightly. The wide range of applications for L-Lysine HCL suggests that the raw material will gain in importance in the coming years.
Ferric Chloride 40%
Demand for Ferric Chloride remains high due to the wide range of applications and the interest it generates. There is no indication that this situation will change in the coming years. The high demand has led to a slight but noticeable increase in the price of the raw material in recent weeks.
Sodium Hydroxide 50%
Sodium Hydroxide is another product that has recently increased in price. The substance is used in the production of pharmaceuticals, pesticides, cosmetics and synthetic materials, among others. Demand for the raw material is largely driven by these industries. An important factor contributing to its growth is also the rapid development of the construction sector.
The latest forecasts show that the market share of Sodium Hypochlorite will grow due to the growth of the industries in which it is used, including the chemical, pharmaceutical and water treatment sectors. Due to intense urbanization and industrialization, its use in water treatment is of great importance to the Sodium Hypochlorite market situation. Also, the increasing demand for bleaching agents in the paper and textile industries cannot be ignored.