The Asia Pacific dominated the global industry and the Product Capacity accounted for above 67% of the global citric acid market
Citric acid is a weak organic tricarboxylic acid having the chemical formula C6H8O7. It occurs naturally in citrus fruits. In biochemistry, it is an intermediate in the citric acid cycle, which occurs in the metabolism of all aerobic organisms. It is used widely as an acidifier, as a flavoring and chelating agent.
Global Citric Acid Market is driven by its increasing use in Food & Beverages, Pharmaceuticals & Personal Care and Detergents & Cleansers. The growth of these end-user industries, particularly in emerging economies of Asia Pacific region, is anticipated to boost the growth of the chemical over the projected period.
The bio-based and chelating characteristics of citric acid make it a viable solution to several toxic substances used for manufacturing detergents & cleaners, especially for household purposes. Rising awareness regarding cleanliness and hygiene is expected to augment the demand for detergents & cleaners.
The Asia Pacific dominated the global industry, the Product Capacity accounted for above 67% of the global citric acid market. but the major consumption regions are Europe and North America, the consumption market share are XX% and XX%.
Rapid industrialization resulting in the presence of large-scale manufacturing bases for food & beverages, pharmaceuticals, and cosmetics is expected to augment the demand for the chemical as an intermediate in several processes.
Increasing healthcare expenditure coupled with the rising number of ailments across the world is expected to augment the demand for pharmaceuticals. The demand for citric acid is projected to progress in tandem with the development of the pharmaceutical sector.
Global Citric Acid Market Professional Survey Report 2018 is a professional and in-depth study and available exclusively through Trusted Business Insights. Annual estimates and forecasts are provided for the period 2018 through 2025. Also, a five-year historic analysis is provided for these markets in this 95 pages report.
This market report provides in-depth analytics of the Citric Acid industry including definition, classification, application and industry chain structure. The report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share, and contact information.
Citric Acid market report includes an in-depth analysis of the competitive landscape of this business vertical, constituting companies like:
Weifang Ensign Industry Co., Ltd.
TTCA Co., Ltd
RZBC Group Co. Ltd.
Cofco Biochemical (Anhui) Co., Ltd.
Jungbunzlauer Suisse AG
Tate & Lyle
S.A. Citrique Belge N.V.
Archer Daniels Midland Company
Shandong Juxian Hongde Citric Acid Company Ltd
Huangshi Xinghua Biochemical Co.Ltd
Gadot Biochemical Industries Ltd.
Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
Powder Citric Acid
Liquid Citric Acid
By Industrial Application, the market can be split into:
Food & Beverages
Pharmaceuticals & Personal Care
Detergents & Cleansers
Market Segment by Regions includes:
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America
- Middle East and Africa.