The global citric acid market size is projected to be valued at USD 4.34 billion by 2025 driven by its extensive use in numerous end-use industries such as food & beverages, pharmaceutical, household applications, cosmetics, metal finishing, and industrial applications. The growth of these end-use industries is expected to augment the growth of the global citric acid market between 2018 and 2025.
The global citric acid market demand was 1,977 kilo tons in 2017. Growing demand from the food & beverage industry is one of the key driving factors for propelling the global citric acid market size. Furthermore, positive growth trends in detergents and pharmaceutical industries are projected to further escalate the citric acid market.
Request a sample copy of this report: https://www.adroitmarketresearch.com/contacts/request-sample/263
Food & beverage was the largest end-use of the citric acid and is projected to account for 61.4% of the global citric acid market 2018 revenues. Furthermore, the segment is also projected to continue dominating the citric acid market with a healthy growth rate over the forecast period. Citric acid is extensively used in non-alcoholic soft drinks where the citric acid content can be as high as 0.5% and as a flavoring agent along with a preservative. Of all categories of beverage sector, soft drinks witnessed significant growth in 2017 and are projected to maintain the momentum in coming years. This is one of the key factors to escalate the citric acid market size.
Citric acid is also used in dairy products, jellies, jams, and cake fillings to embed a tart-like flavor and to increase the shelf life. The global citric acid market analysis showed that growth in sales of detergents and household cleaning products is also contributing significantly to the sales of the chemical. Changing lifestyle and consumer inclination for easy-to-handle sophisticated products is, in turn, propelling the global citric acid market growth.
Citric acid is a weak organic acid that finds applications across various industries such as food & beverages, pharmaceuticals, and cosmetics along with usage in metal finishing and in industrial & printing applications. Citric acid is a white crystalline organic compound that belongs to the family of carboxylic acid. It is a naturally occurring compound in plants and animal tissues. Citric acid is a natural food preservative that imparts sour or acidic flavor to soft drinks and food. It is produced by submerged fermentation of Candida sp. or Aspergillus niger from numerous sources of carbohydrates such as molasses, cane sugar, corn sugar, and beet.
The global citric acid market trends showed that Asia Pacific is projected to witness remarkable growth in consumption over the forecast period. Strong economic prospects coupled with rising per capita income is responsible for the present boom in the food & beverage industry in Asia Pacific. Food & beverage and household segment are witnessing steady growth across the globe owing to which overall consumption of citric acid is set to rise considerably over the forecast period.
Archer Daniels Midland Company, Cargill, Incorporated., Jungbunzlauer Suisse AG, Basel, COFCO, Gadot Biochemical Industries Ltd. are some of the top players of the global citric acid market. Product differentiation is the key strategy presently followed by market players.
Rising awareness for organic foods owing to its superior health benefits has propelled demand for food products of natural origin. The usage of citric acid as a natural flavoring agent has significantly increased owing to the present consumer inclination towards organic food & beverages. This is one of the significant citric acid market trends which is fueling the market growth. Thus, increasing preference for natural food additives is projected to positively impact the citric acid market 2018 over the forecast period. Detergents & cleaning products accounted for over 75% of the revenue share of the global laundry & homecare products in 2017. Increasing urbanization and shift in lifestyle, especially across developing markets, is leading to greater demand for sophisticated household products which is further projected to propel the global citric acid market size.
Click to Continue Reading on https://www.adroitmarketresearch.com/industry-reports/citric-acid-market
Key segments of the global citric acid market
End Use Overview, 2015-2025 (USD Million) (Kilo Tons)
- Food & Beverages
- Household
- Pharmaceuticals
- Cosmetics
- Others
Regional Overview, 2015-2025 (USD Million) (Kilo Tons)
- North America
- U.S.
- Rest of North America
- Europe
- Germany
- UK
- Rest of Europe
- Asia Pacific
- China
- India
- Rest of Asia Pacific
- Central & South America
- Brazil
- Rest of Asia Pacific
- Middle East & Africa
About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
Contact Us:
Ryan Johnson
Adroit Market Research
3131 McKinney Ave #600
Dallas, TX 75204
Tel: +1-214-884-6068
Email: [email protected]
A publication on the “Global Citric Acid Market Size 2017 By End-Use (Food & Beverages, Household, Pharmaceuticals, Cosmetics, and Others), By Region And Forecast 2018 To 2025” was launched by Adroit Market Research today.
The publication covers the estimates for the global citric acid market size for a period of 11 years, from 2015 to 2025.The report also covers the global citric acid market trends along with a deep dive into key regions and countries.
The report also covers the global citric acid market 2018 trends with an in-depth assessment of drivers, restraints and value chain.Request sample copy of Citric Acid Market at: https://www.adroitmarketresearch.com/contacts/request-sample/263The global citric acid market size is projected to be valued at USD 4.34 billion by 2025 driven by its extensive use in numerous end-use industries such as food & beverages, pharmaceutical, household applications, cosmetics, metal finishing, and industrial applications.
The growth of these end-use industries is expected to augment the growth of the global citric acid market between 2018 and 2025.Food & beverage was the largest end-use of the citric acid and is projected to account for 61.4% of the global citric acid market 2018 revenues.
Of all categories of beverage sector, soft drinks witnessed significant growth in 2017 and are projected to maintain the momentum in coming years.
Product differentiation is the key strategy presently followed by market players.Key segments of the global citric acid marketEnd Use Overview, 2015-2025 (USD Million) (Kilo Tons)Food & BeveragesHouseholdPharmaceuticalsCosmeticsOthersRegional Overview, 2015-2025 (USD Million) (Kilo Tons)North AmericaS.Rest of North AmericaEuropeGermanyUKRest of EuropeAsia PacificChinaIndiaRest of Asia PacificCentral & South AmericaBrazilRest of Asia PacificMiddle East & AfricaSome Points From TOC:Executive SummaryResearch MethodologyMarket OutlookCitric Acid Market Overview, By End Use (USD Million) (Kilo Tons)Citric Acid Market Overview, By Region (USD Million) (Kilo Tons)Market CompetitionCompany ProfilesArcher Daniels Midland CompanyIndustry StructureEnquire more details of the report at: https://www.adroitmarketresearch.com/researchreport/purchase/263About Us:Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018.
In biochemistry, it is an intermediate in the citric acid cycle, which occurs in the metabolism of all aerobic organisms.It is used widely as an acidifier, as a flavoring and chelating agent.Global Citric Acid key players include Weifang Ensign Industry Co., Ltd., TTCA Co., Ltd, RZBC Group Co. Ltd., Cofco Biochemical (Anhui) Co., Ltd., etc.
Global top four manufacturers hold a share over 45%.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-citric-acid-2021-2027-712 China is the largest market, with a share nearly 70%, followed by Europe, and North America, both have a share over 40 percent.
And in terms of application, the largest application is Food and Beverages, followed by Pharmaceuticals and Personal Care, Detergents and Cleansers, etc.
Market Analysis and Insights: Global Citric Acid MarketIn 2020, the global Citric Acid market size was US$ 1760 million and it is expected to reach US$ 1909.9 million by the end of 2027, with a CAGR of 1.2% during 2021-2027.Global Citric Acid Scope and Market SizeCitric Acid market is segmented by region, by country, company, type, application and by sales channels.
Players, stakeholders, and other participants in the global Citric Acid market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.
