Global Citric Acid Market is expected to reach 1.8 billion USD by 2022

The global Citric Acid market is valued at 1.7 billion USD in 2016 and is expected to reach 1.8 billion USD by the end of 2022, growing at a CAGR of 1.15% between 2016 and 2022.

Click to view the full report TOC, figure and tables:https://www.qyresearch.com

https://www.qyresearch.com/index/detail/414055/global-citric-acid-cas-77-92-9-market

Request A Sample and Brochure or Request For Custom Research
Request For Discount On This Report. Please Email us:

E-mail: sales@qyresearchus.com

linkedin:https://www.linkedin.com/in/leonardo-chan/

Benefits of Purchasing QYResearch Research Report

  • Analyst SupportGet you queries resolved from our expert analysts before and after purchasing the report
  • Customer’s SatisfactionOur expert team will assist with all your research needs and customize the report
  • Inimitable ExpertiseAnalysts will provide deep insights about the reports
  • Assured QualityWe focus on the quality and accuracy of the report

image.png

Citric acid is a weak organic tricarboxylic acid having the chemical formula C6H8O7. It occurs naturally in citrus fruits. In biochemistry, it is an intermediate in the citric acid cycle, which occurs in the metabolism of all aerobic organisms.

It is used widely as an acidifier, as a flavoring and chelating agent.

Global Citric Acid Market expected to reach USD 1.8 billion USD by 2022 driven by its increasing use in Food & Beverages, Pharmaceuticals & Personal Care and Detergents & Cleansers. The growth of these end-use industries, particularly in emerging economies of Asia Pacific region, is anticipated to boost the growth of the chemical over the projected period.

The bio-based and chelating characteristics of citric acid make it a viable solution to several toxic substances used for manufacturing detergents & cleaners, especially for household purposes. Rising awareness regarding cleanliness and hygiene is expected to augment the demand for detergents & cleaners, resulting in a volume CAGR of 5.23% over the projected period.

Asia Pacific dominated the global industry, the Product Capacity accounted for above 67% of the global citric acid market in 2016.but the major consumption regions are Europe and North America, the consumption market share are 31.19% and 25.34% in 2016.

Rapid industrialization resulting in the presence of large-scale manufacturing bases for food & beverages, pharmaceuticals, and cosmetics is expected to augment the demand for the chemical as an intermediate in several processes.

Citric Acid Competitive landscape and key vendors

Weifang Ensign Industry Co., Ltd.

TTCA Co., Ltd

RZBC Group Co. Ltd.

Cofco Biochemical (Anhui) Co., Ltd.

Jungbunzlauer Suisse AG

Tate & Lyle

S.A. Citrique Belge N.V.

Archer Daniels Midland Company

Cargill Incorporated

Shandong Juxian Hongde Citric Acid Company Ltd

Huangshi Xinghua Biochemical Co.Ltd

Gadot Biochemical Industries Ltd.

Niran (Thailand) Co., Ltd

Sunshine Biotech International Co., Ltd.

Sucroal S.A

Click to view the full report TOC, figure and tables

 https://www.qyresearch.com/index/detail/414055/global-citric-acid-cas-77-92-9-market

Continue…..
For more information or any query mail at sales@qyresearchus.comThank you for reading the eassy.
If you are interested in it or have any questions,please contact me.
QYResearch Inc.  |  More Than 120,000 Market Research Reports
Global Market Research Report Leading Publisher
QYResearch Los Angeles Research Center
US Phone: 00-1-626-295-2442
Email:  sales@qyresearchus.com
Web: http://www.qyresearch.com
Address: 17890 Castleton Street Suite 218 City of Industry CA 91748 United States

About Qyresearch inc.

QYResearch, established in 2007, focuses on custom research, management consulting, IPO consulting, industry chain research, and data base &seminar services. The company owns large basic databases (such as National Bureau of Statistics Database, Customs Import and Export Database, Industry Association Database, etc.), expert resources (including industry experts who own more than 10 years experiences on marketing or R&D in industries of energy, automotive, chemicals, medical ICT consumer goods, etc.), professional survey team (the team members obtained more than 3 years market survey experience and more than 2 years deep expert interview experience), and excellent data analysis team (SPSS statistics and PPT graphics process team).

Custom Require  https://www.qyresearch.com/home/custom-investigation

World Wide Locationhttps://www.qyresearch.com/about/world-wide-location

About QYResearch

QYResearch, established in 2007, focuses on custom research, management consulting, IPO consulting, industry chain research, and data base &seminar services.

View all posts by QYResearch →