The global citric acid market was valued at US$ 3.76 Bn. in 2021, and it is expected to reach US$ 5.42 Bn. by 2029 with a CAGR of 4.65% during the forecast period.
Citric Acid Market Overview
The industry overview gives thorough details about the size of the market all the market dynamics including strategies, market revenue, pricing analysis, micro and macro market trends and scenarios & Industry benchmarks. Region wise market opportunities & barriers are also studied in detail .
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Citric Acid Market Report Scope and Research Methodology
The Citric Acid Market report includes the comprehensive analysis of the industry in a simple language. A detailed analysis of Citric Acid Market dynamics has been included in the report. The past, present and the expected trends in the forecast period has also been provided in the report. For understanding the global factors affecting the industry, the report presents drivers, challenges, restraints and opportunities prevailing in the Citric Acid market. Detailed analysis of external & internal factors impacting the market is covered through PESTEL & PORTER analysis.
Dedicated study of the rivalry in the industry is covered, which includes market leaders, followers, and new entrants. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive Citric Acid market engineering and calculations for market statistics; market size estimations, market forecasts, market breakdown and data triangulation. The secondary data was collected from the company’s annual reports, articles, paid and free databases, etc. To estimate the regional and global Citric Acid market size, the bottom-up approach was used.
Citric Acid Market Segmentation
In 2021, The liquid form is employed in a wide range of foods and dairy products because of its advantageous features, including acidifying agents, texture alteration, and flavour enhancement. The liquid form is also used in the oil industry as an additive for controlling the development of iron in oil by chelating iron and preserving the pH of acidifying fluids.
It is designated by the E number E330 within the European Union. Many dietary supplements use citrate salts of various metals to supply those minerals in a biologically accessible state. Citric acid contains 247 calories per 100 grammes. The Food Chemicals Codex, published by the United States Pharmacopoeia, defines the purity criteria for citric acid as a food additive in the United States (USP).
Based on Function, the global citric acid market is segmented as Acidulant, Antioxidant, Preservative, and Sequestrant.
Citric acid is used in creams, gels, and liquids as an acidulant. It may be classified as a processing aid if it was introduced for a technical or functional benefit in foods and dietary supplements (e.g., acidulent, chelator, viscosifier, etc.). If it is still present in trace amounts and no longer has a technical or functional effect, it may be exempt from labelling under 21 CFR 101.100(c)>.
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Citric Acid Market Key Players
•Archer Daniels Midland Company
• Cargill
• Merck KGaA
• Tate & Lyle
• COFCO Biochemical
• Jungbunzlauer Suisse AG
• HUANGSHI XINGHUA BIOCHEMICAL CO.LTD.
• RZBC GROUP CO.
• Weifang Ensign Industry Co.
• Gadot Biochemicals Industries LTD.
• S.A. Citrique Belge N.V.
• Pfizer Inc.
• Danisco A/S
• Metagenics
• MP Biomedicals
• Kenko Corporation
• Sunshine
• Niran
• Thai Citric Acid
• Ensign
• TTCA Co
• Guoxin Union
• Others
Citric Acid Market Regional Insights
The regional analytics cover North America, South America, Asia Pacific, Europe & Middle East and Africa. The report includes a detailed explanation of market size, market drivers, barriers, CAGR, and import and export in all the regions.
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Key questions answered in the Citric Acid Market are:
- What is Citric Acid ?
- What are the global trends in the Citric Acid Market?
- What was the Citric Acid Total Market size in 2022?
- What is expected Citric Acid Market size by 2029?
- Who held the largest market share in Citric Acid Market?
- Who are the leading companies and what are their portfolios in Citric Acid Market?
- What are the major challenges that the Citric Acid Industry could face in the future?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Industrial Manipulator Market Size, Share, Size & Forecast by different segment | 2022−2029
- Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
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