Citric Acid Market: Global Industry Trends, Share, Size, Regional Analysis and Forecast Till 2023

1. Global Citric Acid Market Report & Growth Analysis by 2024 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Citric Acid Market Report By Application (Food and Beverages, Household Detergents and Cleaners, Pharmaceuticals and Others), Form (Anhydrous and Liquid), Region The global citric acid market has witnessed a moderate growth over the past several years. This can be accredited to the escalating demand for citric acid from the detergent and cleaning agent industries. Market Overview: Citric acid refers to an organic acid which exists in a variety of fruits and vegetables, especially in citrus fruits, namely oranges, lemons, limes, pineapples and grapefruits. It is a natural ingredient that boosts detoxification, maintains energy levels, and supports healthy digestion and kidney function. Citric acid has a slightly tart, refreshing flavour and is used to balance the sweetness in soft drinks, juices, and other beverages. Moreover, citric acid is frequently found in facial packs and masks as it brightens and lightens skin tone, reduces breakouts and oiliness, and regenerates dead skin cells. A new research report by IMARC Group, titled “Citric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market reached a volume of 2.3 Million Tons in 2017. The report further anticipates the market to reach a volume of 2.8 Million Tons by 2023, at a projected CAGR of 3% over the forecast period.

4. Report Description and Highlights Report Description • Global Citric Acid Market Drivers/Constraints: • The growing demand for organic food has led to the rising preference for natural food additives in order to lower the chemical intake. This is expected to boost the consumption of citric acid globally. • The longer shelf-life of citric acid enables it to be used as preservative, emulsifier, flavouring agent, acidulant and buffering agent in various food and non-food products. This has propelled the growth of the market across the globe. • Owing to its acidic nature, citric acid easily removes dirt spots and grime from fabrics. This results in an increasing demand for citric acid from the detergents, soaps and cleaning agents industries, thereby fuelling its demand worldwide. • The stringent regulations on the import/export of citric acid have adverse effects on the profitability of the manufacturers. In addition to this, the fluctuating prices of the raw materials used in the production of citric acid can hamper the growth of the global citric acid market. • Citric Acid Market Segmentation: • Market Segmentation by Application • Food and Beverages

5. Market Forecast Sample Figure: Global: Citric Acid Market Forecast: Production Volume Trends (in Million Tons), 2019-2024

6. Market Segmentation Report Description • Household Detergents and Cleaners • Pharmaceuticals • Others • Based on application, the market has been segmented into food and beverages, household detergents and cleaners, pharmaceuticals and others. Amongst these, food and beverages represent the largest segment due to the extensive use of citric acid in a variety of food products, such as candies, creams, mayonnaise, soups, sauces, juices, wines and carbonated drinks. • Market Segmentation by Form • Anhydrous • Liquid • The market has also been segregated on the basis of form as anhydrous and liquid. • For more information, click here: https://www.imarcgroup.com/citric-acid-manufacturing-plant • Market Segmentation by Region • Western Europe

7. Market Segmentation Report Description • United States • China • Middle East and Africa • Central/Eastern Europe • Brazil • India • Region-wise, Western Europe represents the leading market on account of the high demand for citric acid in the food and beverage industry in the region. Other major regions are the United States, China, Middle East and Africa, Central/Eastern Europe, Brazil and India. • Request for a sample report: https://www.imarcgroup.com/request?type=report&id=642&flag=B • Competitive Landscape: • The market is highly concentrated in nature with a small number of players holding the majority of the market share. The high capital investment required to set-up a plant makes it difficult for small players to enter the market. Some of the leading players operating in the market are: • Shandong Lemons Biochemical Co., Ltd. • Rizhao LuxinJinhe Biochemical Co., Ltd.

8. Market Segmentation Report Description • Jungbunzlauer • COFCO Biochemical • Tate & Lyle PLC • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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12. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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