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(2023-2032) Citric Acid Global Market Trends And Forecast Report | By Types, Applications, Regions And Players include Jungbunzlauer Suisse AG, Cofco Biochemical, Archer Daniels Midland Company, Cargill Incorporated, Gadot Biochemical Industries Ltd
Citric Acid Market Market
As per the Citric Acid market report by The Business Research Company, the increasing need for food safety is expected to drive the growth of 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. Growing awareness about the food and safety among the people for healthy leaving.
The global citric acid market size grew from $3.87 billion in 2022 to $4.2 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The citric acid market size is expected to grow to $5.52 billion in 2027 at a CAGR of 7.1%.
Read More On The Citric Acid Market Report Here:
https://www.thebusinessresearchcompany.com/report/citric-acid-global-market-report
Major competitors in the Citric Acid market include 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 Citric Acid market is segmented -
• By Type: Form: Liquid, Anhydrous
• By Key Function: Acidulant, Preservative, Antioxidant, Sequestrant
• By Application: Food And Beverage, Bakery, Confectionery, Dairy, Pharmaceutical, Personal Care, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe and North America was the largest region in the Citric Acid market.
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The citric acid refer to the weak organic acid that occurs in natural products such as citrus fruits limes, oranges, and lemons. It is produced commercially by the fermentation procedure and it seems white, odorless, and crystalline powder at room temperature. Citric acid, due to its sour tasting and acidic nature, is commonly used as a preservative and flavoring agent. It also has various benefits to even skin tone and kills bacteria and viruses.
The Table Of Content For The Citric Acid Market Include:
1. Executive Summary
2. Citric Acid Market Market Characteristics
3. Citric Acid Market Market Trends And Strategies
4. Citric Acid Market - Macro Economic Scenario
5. Citric Acid Market Market Size And Growth
……….
28. Key Mergers And Acquisitions In The Citric Acid Market Market
29. Citric Acid Market Market Future Outlook and Potential Analysis
30. Appendix
The "Global Citric Acid Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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