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Global Citric Acid Market to Reach 2.8 Million Tons by 2022

05-30-2017 10:59 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Expert Market Research

Global Citric Acid Market to Reach 2.8 Million Tons by 2022

Citric acid is a natural and weak organic acid with the chemical formula, C6H8O7. It is commonly found in citrus fruits like lemons, lime, oranges, grapefruits, etc. It is a popular food additive and harmless preservative that helps in stabilizing and preserving food products.

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Citric acid is widely used in beverages as an organic acidulant, for controlling the growth of organism, adjusting pH and enhancing flavours. It is also used in bathroom cleaners and detergents as it chelates with metals in hard water, producing foam which helps in removing stains without the need of softening the water. Owing to its safe and non-toxic nature, pleasant acid taste, high water solubility, chelating and buffering properties, citric acid is also used in pharmaceuticals including cosmetics. According to a new report by Expert Market Research, the global citric acid market reached a volume of 2.3 Million Tons in 2016 and is further expected to reach 2.8 Million Tons by 2022.

The production of citric acid witnessed a steady growth during 2009-2016. Rising demand for organic additives in the food as well as the pharmaceutical sectors couple with changing consumer preference for convenient and safe food products are driving the market of citric acid. Prohibition on the use of phosphate by environmental regulatory authorities and its replacement by citric acid has also added to the market growth. Some other factors stimulating the market are population growth, increasing disposable income and improving living standards.

Key findings from the report:

The major end-uses of citric acid include food and beverages, household detergents and cleaners, and pharmaceuticals. In 2016, food and beverages represented the largest end-use segment with the majority of the market share.
Region-wise, China dominated the market with a share of more than a half of the total global production in 2016. It was followed by US and Europe.
Being fragmented in nature, the global citric acid market is surrounded by a number of players. Some of these players include Weifang Ying Xuan, COFCO Biochemical, Lemon Biochemical, Jungbunzlauer, Tate and Lyle and Cargill.

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Expert Market Research has analysed the global citric acid market according to end-uses, major regions and top players:

Market breakup by End-use

Food and Beverages
Household Detergents and Cleaners
Pharmaceuticals Food

Market breakup by Region

China
US
Europe

Top players

Weifang Ying Xuan
COFCO Biochemical
Lemon Biochemical
Jungbunzlauer
Tate and Lyle
Cargill

Browse more reports related to food & beverage industry @ http://www.expertmarketresearch.com/categories/chemicals-market-reports

Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.

With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.

Expert Market Research
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Website: www.expertmarketresearch.com
Email:sales@expertmarketresearch.com
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UK Phone no: +44-702-402-5790

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