Title: Citric Acid Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023
1Citric Acid Market Global Industry Analysis,
Trends, Market Size Forecasts to 2023
Infinium Global Research has added a new
report on Global Citric Acid Market. The
report predicts the market size of Citric
Acid is expected to reach XX billion by
2023. Citric acid is a key intermediate in
metabolism. It is an acid compound found
in citrus fruits. Moreover, citrus acid is
primarily produced by the microbial
fermentation of carbohydrates such as
molasses, corn sugar, cane sugar and beat.
Furthermore, citric acid is also extracted
from citrus fruits as they contain up to
8 of citric acid. Fruits such as oranges,
lemons and limes are among the rich sources
of citric acid. Citric acid is mainly used in
food industry, detergents, pharmaceuticals,
mineral supplements and household cleaning owing
to its properties such as antioxidant,
non-corrosive, non-toxic and biodegradable. Mark
et Insights The global citric acid market is
projected to grow with a CAGR between
5.5 and 6.0 during 2017-2023. Increasing
demand of citric acid from detergents
cleaners application, due to characteristic
of citric acid to reduce hardness of water
and formation of foam, is the key factor
driving the growth of citric acid market
worldwide. Moreover, growing demand for
citric acid as a crucial ingredient in
various end user industries such as Food
beverages, Pharmaceuticals, and Personal
Care among others will drive the global
citric acid market. Furthermore, rising
demand from consumers preferring products
including plant based natural ingredients due
to increasing various health issues is
anticipated to drive the consumption of
citric acid in food and beverages industry
over the forecast period. However, increasing
prices of molasses which is a prime
feedstock used in the production of citric
acid is the key factor restraining the
growth of global citric acid market.
Nevertheless, continuously rising demand for
citric acid from emerging applications such
as food additives animal feed are
anticipated to create more opportunities for
the citric acid manufacturers over the
forecast period. Moreover, environment
friendly properties of citric acid are
likely to create more opportunities to
citric acid in other applications as a result
the market size of citric acid is projected to
grow at a rapid pace over the forecast period.
2- Get a Sample Report _at_ https//www.infiniumglobalre
search.com/Reports/MakeSampleRequest/779 - Segments Covered
- The report segments the citric acid market
by form, by grade, by application, by end
use and by region. Market segmentation
based - on form includes liquid form and powder
form. Moreover, the global citric acid
market based on grade is segmented into
food grade, and other grades (including
industrial grade and pharmaceutical grade).
Furthermore, based on application the global
citric acid market is segmented into
acidulant, cleaning agent, binding agent,
preservative and others. The global
citric acid market segmentation based on
end use includes food beverages,
pharmaceuticals, animal feed, personal care,
metal finishing cleaning and others. The
food beverages application segment covers
usage of citric acid into bakery
confectionary, dairy, convenience food, and
jams preserve among others. - Company Profiles
- Archer Daniels Midland Company
- Cargill Inc.
- Tate Lyle PLC
- HUANGSHI XINGHUA Biochemical Company Ltd.
- RZBC Group Company Ltd.
- Weifang Ensign Industry Company Ltd.
- Gadot Biochemical Industries Ltd.
- Jungbunzlauer Suisse AG, Pfizer Inc.
- Delek Group
- Shandong Juxian Hongde Citric Acid Company Ltd.
3- Key topics covered
- Preface
- Executive Summary
- Global Citric Acid Market Overview
- Global Citric Acid market by Form (USD Million)
2017 2023 - Global Citric Acid market by Grade (USD Million)
2017 2023 - Global Citric Acid market by Application (USD
Million) 2017 2023 - Global Citric Acid market by End Use (USD
Million) 2017 2023 - Global Citric Acid Market Analysis, by Region
(USD Million) 2017 2023 - Company Profiles
- Click to View Complete Report _at_
https//www.infiniumglobalresearch.com/chemical_ma
terial/global_citric_acid_market