Citric Acid Market Research 2022 : Report By Major Players, Share, Industry Size, Trends And Forecast To 2031

The global Citric Acid market report by the business research company identifies the increasing need for food safety is expected globally to be a major growth driver for the Citric Acid market. Fruits and vegetables are the main sources of nutrients like vitamin C, thiamine, niacin, pyridoxine, folic acid, minerals, and dietary fiber. Citric acid is recognized as safe for foods and these fruits and vegetables are contaminated with harmful substances pre-harvest and post-harvest. There is growing awareness about food and safety among people for healthy living. For instance, in February 2019, according to the International Food Safety Conference conducted by WHO, an agency of the United Nations responsible for international public health, more than 600 million people fell sick due to contaminated food with bacteria, viruses, parasites, toxins, or chemicals, and globally, 4,20,000 die every year, $95 billion people lose productivity due to contamination. Therefore, there is a need for food safety that is driving the growth of the citric acid market.

The global citric acid market size is expected to grow from $3.59 billion in 2021 to $3.83 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The global citric acid market size is expected to grow to $4.91 billion in 2026 at a CAGR of 6.4%.

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Europe and North America was the largest regions in the citric acid market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global citric acid market during the forecast period. The regions covered in the global citric acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the citric acid market are Jungbunzlauer Suisse AG, Cofco Biochemical, Archer Daniels Midland Company, Cargill Incorporated, Gadot Biochemical Industries Ltd, Tate And Lyle PLC, RZBC Group Co. Ltd., Weifang Ensign Industry Co. Ltd., Yixing Biochemical Co. Ltd., Weifang Ensign Industry Co. Ltd., Shandong Juxian Hongde Citric Acid Company Ltd and Huangshi Xinghua Biochemical Co.Ltd.

The global citric acid market is segmented -
1) By Form: Liquid, Anhydrous

2) By Key Function: Acidulant, Preservative, Antioxidant, Sequestrant

3) By Application: Food And Beverage, Bakery, Confectionery, Dairy, Pharmaceutical, Personal Care, Others

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The Citric Acid Market Report Contents Include
1. Executive Summary
2. Citric Acid Market Market Characteristics
3. Citric Acid Market Market Trends And Strategies
4. Impact Of COVID-19 On Citric Acid Market
5. Citric Acid Market Market Size And Growth
....
26. Africa Citric Acid Market Market
27. Citric Acid Market Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Citric Acid Market Market
29. Citric Acid Market Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the citric acid market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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