Citric Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-706 | Report Format : | Status : Upcoming |

Abstract

Global Citric Acid Market: Overview

Citric acid is mainly found in citrus fruits, microbes, plants, animal tissues, and fluids. It plays an important role in metabolism and hence witnesses high demand as an acidifying agent. It is the highly soluble ingredient. Some of the benefits provided by citric acid include preventing microbial growth, enhancing flavors, imparting tartness and sourness, and adjusting pH levels. Citric acid is also known as nature’s acidulant.

Global Citric Acid Market: Growth Factors

Owing to the high demand for food additives in the processed foods industry, the global citric acid market is impacted in a positive way. Rising customer preference for foods & beverages made up of safe and harmless constituents is anticipated to boost the global market growth in future. In addition, increased use of citric acid in various industries such as personal care and pharmaceutical may further propel the global citric acid market growth. Citric acid when used as an acidulant is considered to be more superior as compared to lactic, DL-malic, phosphoric, fumaric, and tartaric acid; thus acting as a substituent for these acids. This advantage of citric acid results in its high demand in the global market.

Citric acid also acts as a substitute for phosphate which is used in concentrated liquid detergents. This results in increased demand of citric acid from residential sector. Citric acid also helps manufacturers to give “hygienic and fresh” label to their products. Thus bringing these products in the safe and approved category from customers. However, cutthroat competition from niche as well as strong competitors in the market may hinder the growth of the global citric acid market in future.

Global Citric Acid Market: Segmentation

The global citric acid market is segmented on the basis of form, application, function, and regions. Based on the form, the global citric acid market is segmented as anhydrous and liquid. Further on the basis of application, the global market is segmented as pharmaceuticals, food, cosmetics, and others. Based on the function, the global citric acid market is classified as acidulant, antioxidant, preservative, and sequestrant. Geographically, the global market is diversified as Europe, North America, Asia-Pacific, and Rest of the World (RoW).

Global Citric Acid Market: Regional Analysis

Europe and Asia Pacific are anticipated to contribute the major share of the global citric acid market. The European region is expected to witness high growth owing to rising demand from foods & beverages industry. Growth in the Asia-Pacific region is mainly due to China, as it is the major citric acid exporter and consumer. North America is anticipated to follow this trend owing to high demand for citric acid in this region.

Global Citric Acid Market: Competitive Players

Some of the major players in the global citric acid market include Tate & Lyle plc, Archer Daniels Midland Company, Pfizer Inc., and Gadot Biochemical Industries.

Global Citric Acid Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Cast Elastomers Market: by Type (Hot Cast Elastomer and Cold Cast Elastomer) and by Application (Industrial, Automotive & Transportation, Mining, Oil & Gas, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2024

Dec-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3655 | Report Format:

The report covers a global and regional level estimation and analysis of the cast elastomers market. The study provides a forecast from 2018 to 2024 along with historical data from 2015 to 2017 based on volume (Kilotons) and revenue (USD Million). The study includes major drivers and restraints fo...Read More

Methyl Methacrylate (MMA) Adhesives Market by Substrate (Metal, Plastic, Composite, and Others) and by End-Use (Automotive & Transportation, Building & Construction, Marine, Wind Energy, General Assembly, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024

Dec-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3651 | Report Format:

The report of methylmethacrylate (MMA) adhesives market provides a comprehensive glance at a global and regional level. The study provides historical data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue and volume. The study includes major driving forces and restr...Read More

Graphene Composites Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3646 | Report Format:

Global Graphene Composites Market: Overview Graphene composites find a plethora of applications across myriad sectors owing to the beneficial properties such as light weight and excellent electric conductivity of the graphene polymer. Apart from this, graphene composites are used in medical impl...Read More

Cross Laminated Timber (CLT) Market By Type (Adhesive Bonded CLT and Mechanically Fastened CLT) and By Application (Residential Buildings, Educational Institutes, Government/Public Buildings, and Industrial and Commercial Spaces): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Dec-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3643 | Report Format:

The report covers a global and regional level estimation and an analysis of the cross laminated timber (CLT) market. The study provides forecast from 2018 to 2024 along with historical data from 2015 to 2017 based on volume (Cubic Meter) and revenue (USD Million). The study includes the major driv...Read More

Extruded Polypropylene (XPP) Foam Market by Type (Low-Density XPP Foam and High-Density XPP Foam) and by End-User (Automotive, Packaging, Building & Construction, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Dec-2018 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-3638 | Report Format:

The report covers a forecast and an analysis of the extruded polypropylene (XPP) foam market on a global and regional level. The study provides historical information for 2015, 2016, and 2017 with a forecast from 2018 to 2024 based on both volume (Kilotons) and revenue (USD million). The complete ...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.