Press release
Citric Acid Market Detailed Analysis & Focusing on Key Leaders - Tate & Lyle plc, Jungbunzlauer Suisse AG, Cargill Inc., Archer Daniel Midlands Company, Anhui BBCA Biochemical Co. Ltd., Gadot Biochemical Industries Ltd.
Citric Acid
Download PDF Brochure : www.coherentmarketinsights.com/insight/request-pdf/1984
Food and beverages segment held a market share of around 73% in the global citric acid market. Carbonated soft drinks accounted for major share in food and beverage segment. The pharmaceutical industry utilizes citric acid as an excipient due to its anti-oxidant properties. Citric acid also being a chelating agent is used in detergents and soaps.
Market Dynamics
Increasing adoption of citric acid by food industry has contributed to its market growth. The food industry utilizes citric acid for fermenting, catalyzing, preserving, and flavoring. The use of citric acid in food & beverages increases the shelf life of products by creating an acidic environment, which is non-conducive for microorganism survival.
Market Outlook
Europe held the dominant position in for citric acid market in 2017. The region is expected to account for around 28% of the global citric acid demand. This is largely due to the thriving food & beverage industry in the region. According to European Union statistics, the food industry in European Union was valued at US$ 1.08 trillion in 2014. The region also had a trade surplus of around US$ 35 billion due to the food & beverages industry
Asia Pacific is projected to be the fastest growing region in citric acid market due to the fast growing food & beverages industry in the region. According to Indian Brand Equity Foundation (IBEF), India’s was the sixth largest food & beverage industry in the world. China was the largest producer of citric acid in 2016, and it is projected to maintain its dominance in terms of production over the forecast period.
Major players operating in the global citric acid market include Tate & Lyle plc, Jungbunzlauer Suisse AG, Cargill Inc., Archer Daniel Midlands Company, Anhui BBCA Biochemical Co. Ltd., Gadot Biochemical Industries Ltd., Huangshi Xinghua Biochemical Co.Ltd., and RZBC Group Co., Ltd.
Market Taxonomy
On the basis of product type, the global citric acid market is segmented into:
Anhydrous
Hydrous
Request For Customization of Research Report : https://www.coherentmarketinsights.com/insight/request-customization/1984
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Citric Acid Market Detailed Analysis & Focusing on Key Leaders - Tate & Lyle plc, Jungbunzlauer Suisse AG, Cargill Inc., Archer Daniel Midlands Company, Anhui BBCA Biochemical Co. Ltd., Gadot Biochemical Industries Ltd. here
News-ID: 1714431 • Views: …
More Releases from Coherent Market Insights
Onion Seeds Market Trends: Analyzing Industry Growth Evolution, and Share Update …
Onion seed constitutes around 38% of oil, which is responsible for its aromatic flavor. Apart from oil, onion seeds are also used as flavoring agents in cooking.
This comprehensive Report of the Onion Seeds Market provides real information about the statistics and state of the global and regional market. Its scope study extends from the market situation to comparative pricing between the main players, spending in specific market areas, and profits.…
Nigella Seeds Market Trends: A Look at Growth Drivers and Anticipated Future Lan …
Nigella seeds belong to the family of cumin, which is responsible for its aromatic flavor. Moreover, apart from oil, nigella seeds are used as flavoring agents in cooking and for the treatment of various body ailments such as joint pains and obesity, among others. Nigella seeds are also known as black onion/black cumin seeds.
This comprehensive Report of the Nigella Seeds Market provides real information about the statistics and state of…
Sodium Propionate Market Trends: A Look at Growth Drivers and Anticipated Future …
The global Global Sodium Propionate Market is projected to reach around US$ 83.09 Millions by the end of 2030, in terms of revenue, growing at CAGR of 7.1% during the forecast period (2023-2030).
This comprehensive Report of the Sodium Propionate Market provides real information about the statistics and state of the global and regional market. Its scope study extends from the market situation to comparative pricing between the main players, spending…
Disposable And Reusable Mask Market Trends: A Data-Driven Deep Dive into the Lat …
Global Disposable & Reusable Mask Market was valued at US$ 1,276.7 Mn in 2022, and is expected to exhibit a CAGR of 7.1%, in terms of revenue, over the forecast period (2023-2030) to reach US$ 2,219.0 Mn by 2030. Due to the massive growing industrial sector, the importance of protecting against pollutants and harmful viruses in developing economies such as China, India, and Brazil is expected to increase the demand…
More Releases for Citric
Citric Acid Market : Research Observes Strong CAGR Development
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
November 2020:
Coherent Market Insights (CMI), a prominent market research firm in its own industry, has published a detailed report on Global Citric Acid Market. This market research report provides comprehensive and in-depth analysis on the market which can possibly help an enterprise to identify lucrative opportunities and assist them with fabricating creative business strategies. The market report…
Citric Acid Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the Citric Acid market analysis, which studies the Citric Acid's industry coverage, current market competitive status, and market outlook and forecast by 2025.
Global “Citric Acid Market 2020-2025” Research Report categorizes the global Citric Acid market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth…
Future of Fermented Citric Acid Market Size 2026
The recent research report on the global Fermented Citric Acid Industry market presents the latest industry data and future trends, allowing you to recognize the products and end users driving Revenue growth and profitability of the market.
The report offers an extensive analysis of key drivers, leading market players, key segments, and regions. Besides this, the experts have deeply studied different geographical areas and presented a competitive scenario to assist new…
Citric Acid Market || Research Report, Growth Forecast 2020-2030
This research study on "Citric Acid market" reports offers the comparative assessment of Citric Acid market and consist of Historical data, Significance, statistical data, size & share, Market Price & Demand, Business overview, Market Analysis By Product and Market Trends by Key Players. This Citric Acid Market is Segmented in two type on the basis of type of materials and end-users. It has global market covered in all the regions,…
Citric Acid Powder Market: Competitive Dynamics & Global Outlook 2024
LP INFORMATION offers a latest published report on Citric Acid Powder Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the Citric Acid Powder market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019.…
Citric Acid Market Share, Growth, Outlook to 2025
Citric acid is a weak organic acid predominantly used in food, beverages, cosmetics, pharmaceutical, and chemical applications. Citric acid is a natural preservative, chelating agent, flavoring agent, and acidulant. Naturally citrus acid occurs in citrus fruits such as grapes, oranges, and lemons. Industrial production of citric acid is carried out by fermentation of A. Niger. Citric acid is among the most widely used food additive worldwide and is approved as…
