Citric Acid Market Size 3.3 Million Tons, Growth Rate (CAGR) of 2.87%, Manufacturer and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "𝐂𝐢𝐭𝐫𝐢𝐜 𝐀𝐜𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖" The study provides a detailed analysis of the industry, including the global citric acid market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

𝐇𝐨𝐰 𝐁𝐢𝐠 𝐢𝐬 𝐭𝐡𝐞 𝐂𝐢𝐭𝐫𝐢𝐜 𝐀𝐜𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭?

The global citric acid market size reached 2.8 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 3.3 Million Tons by 2028, exhibiting a growth rate (CAGR) of 2.87% during 2023-2028.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/citric-acid-manufacturing-plant/requestsample

What is Citric Acid?

Citric acid (C6H8O7) refers to a naturally occurring acid found in different fruits and vegetables. It is most commonly found in citrus fruits, such as lemon, which has the highest amount of citric acid. Citric acid is generally used in the food and beverage industry as an acidifier, chelating agent, and flavoring agent. It is also employed in the pharmaceutical industry as a preservative for stored blood and a buffer and antioxidant as well as an excipient in the formulation of tablets and capsules. It is also utilized in cleaning products due to its ability to remove hard water deposits and soap. Citric acid has various other industrial applications, including the production of biofuels, plastics, and textiles. It is commonly recognized as safe for consumption by regulatory agencies.

What Are the Growth Prospects and Trends in the Citric Acid Market?

The rising demand for processed foods and beverages represents one of the significant factors driving the market growth. In line with this, citric acid is extensively utilized as an acidifying agent and flavor enhancer in various food and beverage products, such as jams, dairy products, and soft drinks, which is driving the market. In addition to this, increasing consumer preferences for clean labels and natural ingredients, along with the rising preference toward natural additives among consumers, is contributing to the growth of the market. Other factors, such as the increasing demand for personal care and cosmetic products and the extensive product application in the pharmaceutical industry, are creating a positive outlook for the market further across the globe.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=642&method=1

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Who Are the Key Players Operating in the Citric Acid Market?

The competitive landscape of the global citric acid market has also been examined along with the profiles of the key players.

Some of these key players include:

• Archer Daniels Midland Company
• Cargill, Incorporated
• Tate & Lyle PLC
• Jungbunzlauer Suisse AG
• Cofco Biochemical (Anhui) Co., Ltd.
• Huangshi Xinghua Biochemical Co. Ltd.
• RZBC Group Co. Ltd.
• Weifang Ensign Industry Co., Ltd.
• Gadot Biochemical Industries Ltd.
• S.A. Citrique Belge N.V.

What is Included in Market Segmentation?

The report has categorized the market based on application and form.

Breakup by Application:
• Food and Beverages
• Household Detergents and Cleaners
• Pharmaceuticals
• Others

Breakup by Form:
• Anhydrous
• Liquid

Breakup by Region:
• Western Europe
• United States
• China
• Middle East and Africa
• Central/Eastern Europe
• Brazil
• India

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐓𝐨𝐜 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=642&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.