Citric Acid Global Industry 2019-2023 Research Report evaluates the growth trends of the market through historical study and estimates future prospects based on comprehensive research. The report extensively provides the industry share, growth, trends and forecasts for the period 2019-2023.
Citric Acid Market that contains the information from 2019 to 2023. Global Citric Acid market is expected to grow with the CAGR of approximately 6.2% from 2019 to 2023, and with this it is predictable to cross USD 4 Billion by 2023
Citric Acid Industry Key Players
The key players of global Citric Acid market report include- 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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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.
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.
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.
Citric Acid Geographic Analysis:
Geographical analysis across 15 countries
Study Objectives of Citric Acid Market:
To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the Global Citric Acid Market
To provide insights about factors affecting the market growth
To analyze the Global Citric Acid Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
To provide country level analysis of the market with respect to the current market size and future prospective
Global 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
- Raw Materials Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
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TABLE OF CONTENTS:
Table 1 World Population By Major Regions (2015 To 2030) (Million)
Table 2 Global Citric Acid Market: By Region, 2014-2023 (Usd Million)
Table 3 Global Citric Acid Market: By Region, 2014-2023 (Kt)
Table 4 North America Global Citric Acid Market: By Country, 2014-2023 (Usd Million)
Table 5 Europe Global Citric Acid Market: By Country, 2014-2023 (Usd Million)
Table 6 Asia-Pacific Global Citric Acid Market: By Country, 2014-2023 (Usd Million)
Table 7 RoW Global Citric Acid Market: By Country, 2014-2023 (Usd Million)
Table 8 Global Citric Acid For Type: By Regions, 2014-2023 (Usd Million)