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Citric Acid Market is expected to reach $4376 million by 2023

The citric acid market is valued in the year 2017 and anticipated to grow at a CAGR 3.5% of from 2018-2023. High demand for citric acid in food and beverages used as an additive to preserve food is expected to be the driver for the industry growth.

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Citric Acid Market is expected to reach $4376 million by 2023

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  1. Citric Acid Marketis expected to reach $4376 million by 2023

  2. Asia Pacific to dominate the Citric Acid Market during the forecast period Asia Pacific is likely to dominate the Citric Acid Market during the forecast period. China is the major consumer of household detergents, with citric acid finding its application in detergents. Europe occupies the second position in the market, followed by US, due to the consumption of citric acid across the world. Africa, Japan, and Middle East hold an equal share due to detergent consumption in household activities. In the Americas, the large end user segment is the food and beverage segment, followed by the industrial segment and pharmaceutical segment. In Europe, citric acid is used as acidulates in the food & beverage industry. Contact : sales@industryarc.com

  3. Selected Analysis done in the full Report Citric acid has high antioxidant properties due to which it is used as an excipient in pharmaceutical preparations. The salts of citric acid are used as anticoagulants due to their Calcium chelating ability. 10% of citric acid is used in non-food related products such as cosmetics, pharmaceuticals, and chemical industry. In Biotechnology and pharmaceutical industries, citric acid is used as a substitute for nitric acid to enhance high purity process piping. It is even used in effervescent systems. Contact : sales@industryarc.com

  4. Excerpts on Market Growth Factors • Citric acid is used in the food canning industry to lower the pH and stop enzymatic oxidation. It also plays an important role in the stability of the frozen food. • Citric acid is used as a blood anticoagulant as the citrate ion chelates the Calcium, thereby preventing blood from clotting. • Citric acid is an environmentally friendly chemical. Hence, it is used as a major chemical in the industrial sector. This factor drives the demand for the Citric Acid Market. Contact : sales@industryarc.com

  5. Key players of the Citric Acid Market • Tate & Lyle • Archer Daniels Midland Company • Jungbunzlauer AG • Cargil Corporation Download Sample Report Contact : sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Analyst Briefing Company Profile Data Tables Key Contacts Contact : sales@industryarc.com

  7. About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com

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