2019 Citric Acid Market Growth Analysis by Top Leading Key Vendors - Archer Daniels Midland Company, Cargill, Incorporated., Jungbunzlauer Suisse AG, Basel, COFCO, Gadot Biochemical Industries and others

The “Citric Acid Market to 2025 – Global Analysis and Forecasts by Type and End-users” report provides a detailed overview of the major factors impacting the global market with the market share analysis and revenues of various sub segments

“Citric Acid Market 2019” report gives distinctive insights worldwide market competition for Citric Acid. Focusing on objectives of this report is to categorize dynamics of the market and to supply latest updates like mergers and acquisitions, numerous technological developments, new entrants within the market, that create an impression on totally different segments of the Citric Acid market.

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About the Citric Acid Market:

The global citric acid market size is projected to be valued at USD 4.34 billion by 2025 driven by its extensive use in numerous end-use industries such as food & beverages, pharmaceutical, household applications, cosmetics, metal finishing, and industrial applications. The growth of these end-use industries is expected to augment the growth of the global citric acid market between 2018 and 2025.

Top Key Players of Citric Acid market
Archer Daniels Midland Company, Cargill, Incorporated., Jungbunzlauer Suisse AG, Basel, COFCO, Gadot Biochemical Industries

Scope of the Report (Overlook 2019-2025):

Rising awareness for organic foods owing to its superior health benefits has propelled demand for food products of natural origin. The usage of citric acid as a natural flavoring agent has significantly increased owing to the present consumer inclination towards organic food & beverages. This is one of the significant citric acid market trends which is fueling the market growth. Thus, increasing preference for natural food additives is projected to positively impact the citric acid market 2018 over the forecast period. Detergents & cleaning products accounted for over 75% of the revenue share of the global laundry & homecare products in 2017. Increasing urbanization and shift in lifestyle, especially across developing markets, is leading to greater demand for sophisticated household products which is further projected to propel the global citric acid market size.

Food & beverage was the largest end-use of the citric acid and is projected to account for 61.4% of the global citric acid market 2018 revenues. Furthermore, the segment is also projected to continue dominating the citric acid market with a healthy growth rate over the forecast period. Citric acid is extensively used in non-alcoholic soft drinks where the citric acid content can be as high as 0.5% and as a flavoring agent along with a preservative. Of all categories of beverage sector, soft drinks witnessed significant growth in 2017 and are projected to maintain the momentum in coming years. This is one of the key factors to escalate the citric acid market size.

Citric acid is also used in dairy products, jellies, jams, and cake fillings to embed a tart-like flavor and to increase the shelf life. The global citric acid market analysis showed that growth in sales of detergents and household cleaning products is also contributing significantly to the sales of the chemical. Changing lifestyle and consumer inclination for easy-to-handle sophisticated products is, in turn, propelling the global citric acid market growth.

The global citric acid market trends showed that Asia Pacific is projected to witness remarkable growth in consumption over the forecast period. Strong economic prospects coupled with rising per capita income is responsible for the present boom in the food & beverage industry in Asia Pacific. Food & beverage and household segment are witnessing steady growth across the globe owing to which overall consumption of citric acid is set to rise considerably over the forecast period.

Key segments of the global citric acid market

End Use Overview, 2015-2025 (USD Million) (Kilo Tons)
• Food & Beverages
• Household
• Pharmaceuticals
• Cosmetics
• Others

Regional Overview, 2015-2025 (USD Million) (Kilo Tons)
• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa

Table of Contents
1. Executive Summary
2. Research Methodology
3. Market Outlook
4. Citric Acid Market Overview, By End Use (USD Million) (Kilo Tons)
5. Citric Acid Market Overview, By Region (USD Million) (Kilo Tons)
6. Market Competition
7. Company Profiles

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