Title: Global Citric Acid Market Price Trends, Size, Share, Report And Outlook 2017 To 2022
1 Citric Acid Market Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast
2017-2022
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3Report Description and Highlights
Report Description
Global Citric Acid Market Growth Boosted by
Demand from Emerging Markets The global citric
acid market has witnessed a positive growth in
recent years, owing to the applications of citric
acid in food and beverages, pharmaceuticals,
household cleaners, animal feed, lubricants,
chelating agents, plasticizers, metal cleaners,
etc. The latest report by IMARC Group titled,
Citric Acid Market Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast
2017-2022, finds that the global citric acid
market reached a volume of around 2.3 Million
Tons in 2016, growing at a CAGR of around 3.5
during 2009-2016. Citric acid, with the chemical
formula C6H8O7, is a colourless and crystalline
weak organic compound found in the juice of
lemons and other sour fruits. Industrially, it is
produced by the microbial fermentation of
carbohydrates such as molasses, cane sugar, corn
sugar, beet, etc. One of the major factors
driving the demand for citric acid is its
increasing usage in end-use industries.
Furthermore, emerging markets such as Asia,
Africa and Middle East are expected to exhibit
above-average growth rates as a result of
increase in population and improving living
standards which will result in higher per capita
consumption of beverages and convenience foods.
As a result, the global citric acid market is
further expected to grow, reaching a volume of
around 2.7 Million Tons by 2022. Highlights of
the global citric acid market
4Report Description and Highlights
Report Description
- Demand from emerging markets remains the major
growth driver. - The food and beverage industry represents the
largest end-use segment of the global citric acid
market. - China represents the largest producer of citric
acid, whereas, Western Europe represents the
largest consumer. - Used in a variety of industries, citric acid is
one of the most important organic acids. Some of
the major end-use segments of citric acid include
food and beverages, household cleaners,
pharmaceuticals, lubricants, animal feed,
chelating agents, metal cleaners and
plasticizers. In the food industry, it is used in
carbonated drinks as an acidulant which accounts
for the majority of its use. The household
cleaners and detergents industry is the second
largest consumer of citric acid. In this
industry, it is mainly used as a replacement for
phosphates in concentrated liquid detergents as
it does not contribute to the eutrophication of
water systems. The third largest consumer of
citric acid is the pharmaceutical and cosmetics
industry. It is used in pharmaceutical products
as result of its safe and nontoxic nature,
pleasant acidic taste, buffering and chelating
properties and high water solubility. In this
segment, the major applications include
prescription pharmaceuticals, antacids,
dentifrices, etc. In the cosmetics and toiletries
segment, shampoos and conditioners account for
most of the consumption of citric acid. - Read full report _at_ http//www.imarcgroup.com/citri
c-acid-manufacturing-plant
5Report Description and Highlights
Report Description
6Report Description and Highlights
Report Description
- On the basis of region, China represents the
largest producer of citric acid, whereas Western
Europe represents the largest consumer. Other
major regions include the United States, Middle
East and Africa, Central/Eastern Europe, Brazil
and India. On evaluating the competitive
landscape of the market, the report finds that
the market is highly competitive with the
presence of a number of established players. Some
of the major players operating in the global
citric acid market are COFCO Biochemical, Lemon
Biochemical, Luxin Jinhe, Weifang Ying Xuan,
Jungbunzlauer and Tate Lyle. - The report has examined the global citric acid
market on the basis of - End-use
- Food and Beverages
- Household Detergents and Cleaners
- Pharmaceuticals
- Others
- Region
- Western Europe
- United States
- China
- Middle East and Africa
7Report Description and Highlights
Report Description
- Central/Eastern Europe
- Brazil
- India
- Key Players
- Weifang Ying Xuan
- Lemon Biochemical
- Luxin Jinhe
- COFCO Biochemical
- Jungbunzlauer
- Tate and Layle
- Request Sample of the Report
- http//www.imarcgroup.com/request?typereportid6
42flagB - Related Reports
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- Acetic Acid Market _at_ http//www.imarcgroup.com/ace
tic-acid-technical-material-market-report
8Report Description and Highlights
Report Description
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