Citric acid is widely used in beverages as an organic acidulant, for controlling the growth of organism, adjusting pH and enhancing flavours. It is also used in bathroom cleaners and detergents as it chelates with metals in hard water, producing foam which helps in removing stains without the need of softening the water. Owing to its safe and non-toxic nature, pleasant acid taste, high water solubility, chelating and buffering properties, citric acid is also used in pharmaceuticals including cosmetics. According to a new report by Expert Market Research, the global citric acid market reached a volume of 2.5 Million Tons in 2018 and is further expected to reach 3.0 Million Tons by 2024.
The production of citric acid witnessed a steady growth during 2014-2018. Rising demand for organic additives in the food as well as the pharmaceutical sectors couple with changing consumer preference for convenient and safe food products are driving the market of citric acid. Prohibition on the use of phosphate by environmental regulatory authorities and its replacement by citric acid has also added to the market growth. Some other factors stimulating the market are population growth, increasing disposable income and improving living standards.
Key findings from the report:
Click here for summary of the report: https://www.expertmarketresearch.com/reports/citric-acid-market
Expert Market Research has analysed the global citric acid market according to end-uses, major regions and top players:
Market breakup by End-use
Market breakup by Region
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
"Global Citric Acid Market: By Region: Europe, North America, Asia Pacific, Middle East, Others; By End Use Industry: Food and Beverages, Household Detergents and Cleaners, Pharmaceuticals, Others; Porters Five Forces Analysis; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis; Competitive Landscape; Setting Up a Citric Acid Manufacturing Plant; Capital Investment; Operating Expenditures; Project Economics"
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Global Egg Powder Market Report and Forecast 2019-2024
Global Almond Ingredients Market Report and Forecast 2019-2024
Global Almond Flour Market Report and Forecast 2019-2024
The global malic acid market attained a value of USD 180 million in 2018. The industry is further expected to grow at a CAGR of 5.3% in the forecast period of 2019-2024. The industry is expected to re...
The North America Flavours and Fragrances Market is aiding the global market growth, which attained a value of USD 27.5 billion in 2018. The North America industry is expected to grow at a steady pa...