Citric Acid Market 2018 Size, Emerging Trends and Forecasts 2023 with Coverage Of | Archer-Daniels-Midland Company, COFCO Biochemical , Cargill, Incorporated, Jungbunzlauer Suisse AG

“CITRIC ACID MARKET”
Global Citric Acid Market Information by Form (Powder, Liquid), Function (Acidulant, Antioxidant, Preservative, Emulsifying Agent), Application (Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals), and Region—Forecast till 2023

CITRIC ACID MARKET IS PREDICTED TO GROW AT APPROXIMATELY 6.2% BY 2022

Market research future published a half cooked research report on global citric acid market. The global market for global citric acid market is expected to grow over the CAGR of around 6.2% during the period 2016 to 2022.

Citric Acid Market Highlights

Citric acid is the nature’s acidulant and present in citrus fruits, plants, microbes, and fluids. It helps in metabolic processes and is highly soluble in nature. The acid faces huge demand as an acidifying tool. The market for the acid is growing due to its wide usage in foods & beverages. It is demanded heavily from ready-to-eat foods. Moreover, the market is expanding further due to other uses of citric acid.

Citric acid is the nature’s acidulant and present in citrus fruits, plants, microbes, and fluids. It helps in metabolic processes and is highly soluble in nature. The acid faces huge demand as an acidifying tool. The market for the acid is growing due to its wide usage in foods & beverages. It is demanded heavily from ready-to-eat foods. Moreover, the market is expanding further due to other uses of citric acid.

Key Players

Archer-Daniels-Midland Company, COFCO Biochemical (AnHui) Co. Ltd., Cargill, Incorporated, Jungbunzlauer Suisse AG, ., RZBC Group Co. Ltd., Tate & Lyle PLC, Huangshi Xinghua Biochemical Co.LtdWeifang Ensign Industry Co., Ltd., Gadot Biochemical Industries Limited, and S.A. Citrique Belge N.V

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Market Research Analysis

The market is highly application based. Its dependency on the end-use industry has widened over a period of time. The need for stabilizing & flavoring agent, food safety, food preservation, preparation of processed beverages & food items has led to the growth of the acid. It is expected that the global citric acid market will advance with higher growth rate as compared to previous years. However the current challenge for the market is quantifying the usage of the acid in justified measurements.

On the basis of application, food & beverages lead the market in all the major regions across the globe. The reason is attributed to the increased change in preferences from self-cooked food to processed & packaged food. Globally there is increase in number of working population which calls for quick ready-to-eat food items. This induces the demand for citric acid in food & beverage industry. 

On the basis of region, Europe takes the lead as the largest market, followed by North America and APAC. APAC, due to its rapid urbanization and changing lifestyles have created an increased demand for comfort food. The increased investment in food and beverage industries by the key players has further fueled the demand for such acids in foods. Furthermore the personal care products have also found a lucrative market in the lands of China and India which will stimulate the demand for these acids.

Scope of the report

This study provides an overview of the global citric acid industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global citric acid market as grade, form and application. On the basis of grade it is segmented as food grade, pharmaceutical grade and others. On the basis of form it is segmented as liquid and powder. On the basis of application it is segmented as food & beverages, cleaning & chelating agent, cosmetics & personal care, pharmaceuticals and others.

Intended Audience

  • Citric acid manufacturers
  • Traders and distributors of citric acid
  • Research and development institutes
  • Potential investors
  • Raw material suppliers
  • Nationalized laboratories

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IMPORTANT POINTS FROM TABLE OF CONTENTS

Table 1 World Population By Major Regions (2015 To 2030) (Million)

Table 2 Global Citric Acid Market: By Region, 2014-2022 (Usd Million)

Table 3 Global Citric Acid Market: By Region, 2014-2022 (Kt)

Table 4 North America Global Citric Acid Market: By Country, 2014-2022 (Usd Million)

Table 5 Europe Global Citric Acid Market: By Country, 2014-2022 (Usd Million)

Table 6 Asia-Pacific Global Citric Acid Market: By Country, 2014-2022 (Usd Million)

Table 7 RoW Global Citric Acid Market: By Country, 2014-2022 (Usd Million)

Table 8 Global Citric Acid For Type: By Regions, 2014-2022 (Usd Million)

Continued. . . .

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