Citric Acid Market 2018 Share, Production and Consumption Analysis, Brands Statistics and Overview by Top Manufacturers 2023

Citric Acid Market that contains the information from 2018 to 2022. Global Citric Acid market is expected to grow with the CAGR of approximately 6.2% from 2018 to 2023, and with this it is predictable to cross USD 4 Billion by 2023

Citric Acid Market Overview-
The rising demand for citric acid from the food and beverage industry as a food additive is set to remain the key driving factor for the growth of the global citric acid market during the forecast period. The significant demand for carbonated soft drinks and convenience and ready-to-eat products due to the growing urban population and changing consumer trends are contributing in a large way to the demand for citric acid in the food and beverage industry

Increasing industrial preferences for additives derived from natural sources over their synthetic counterparts are likely to contribute to product demand in the food and beverage, cosmetics, and pharmaceuticals industries. For instance, there is a growing demand for citric acid in the detergents and cleaners segment due to its non-toxic, non-corrosive, and biodegradable characteristics. The segment is expected to showcase substantial growth during the forecast period

Citric Acid Industry 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 Segmentation

The global citric acid market has been segmented by form, function, application, and region.

On the basis of the form, the global citric acid market has been segmented into powder and liquid. The powder segment has further been classified into anhydrous, monohydrate, dihydrate, and others.

On the basis of function, the global citric acid market has been segmented into acidulant, antioxidant, preservative/sequestrant, chelating agent, emulsifying agent, buffering agent, flavoring agent, and others.

On the basis of application, the global citric acid market has been segmented into food and beverage, cosmetics and personal care, pharmaceuticals, detergents and cleaners, and others.

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

Target Audience
• Raw Materials Suppliers
• Aftermarket suppliers
• Research Institute / Education Institute
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager

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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

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