Citric Acid Market Overview:
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.
Food & beverage industry is valued to have the largest market size due to its end-use in the industry such as food safety, food preservation, preparation of processed beverages & food items. The food & beverage industry has driven the market for citric acid across the globe. Europe accounts for the largest market share due to its demand from food & beverages and personal care products. Furthermore APAC has seen tremendous growth in the convenience food industry due to the urbanization and population growth.
Apart from this it also used in pharmaceutical products, personal care, cleaners & detergent and others. In pharmaceutical industry citric acid is used as stabilizing & flavoring agent and in medical products such as soluble aspirin, antacid and also in dentifrices. In the personal category, it is used in shampoos and conditioners, and detergents.
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Citric Acid Key Players:
- Archer-Daniels-Midland Company
- Jungbunzlauer Suisse AG
- S.A. Citrique Belge N.V.
- Gadot Biochemical Industries Limited
- RZBC Group Co. Ltd
- COFCO Biochemical
Citric Acid Geographic Analysis:
- Geographical analysis across 15 countries
Citric Acid Market Company Information:
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
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