Posted on 16 Jan 2019

Global Citric Acid Market to Reach 3.0 Million Tons by 2024

Citric acid is a natural and weak organic acid with the chemical formula, C6H8O7. It is commonly found in citrus fruits like lemons, lime, oranges, grapefruits, etc. It is a popular food additive and harmless preservative that helps in stabilizing and preserving food products.



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:

  • The major end-uses of citric acid include food and beverages, household detergents and cleaners, and pharmaceuticals. In 2018, food and beverages represented the largest end-use segment with the majority of the market share.
  • Region-wise, China dominated the market with a share of more than a half of the total global production in 2018. It was followed by US and Europe.
  • Being fragmented in nature, the global citric acid market is surrounded by a number of players. Some of these players include Weifang Ying Xuan, COFCO Biochemical, Lemon Biochemical, Jungbunzlauer, Tate and Lyle and Cargill.

global citric acid market

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

  • Food and Beverages
  • Household Detergents and Cleaners
  • Pharmaceuticals Food

 

Market breakup by Region

  • China
  • US
  • Europe

 

Top players

  • Weifang Ying Xuan
  • COFCO Biochemical
  • Lemon Biochemical
  • Jungbunzlauer
  • Tate and Lyle
  • Cargill

 

About Us

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.

 

Contact Us

Expert Market Research
Websitewww.expertmarketresearch.com
Email:sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790


Related Report

Asia Pacific Silicones Market Report and Forecast 2019-2024

The Asia Pacific silicones market is expected to reach a volume of about 2 million metric tons by 2024, registering a CAGR of nearly 5% during the forecast period of 2019-2024. Asia Pacific is expecte...

LATAM (Latin America) Silicones Market Report and Forecast 2019-2024

Aided by the growth in the global silicones market, which is projected to grow at a CAGR of about 5% during the forecast period of 2019-2024, the Latin America silicones market is expected to reach  ...

Europe Silicones Market Report and Forecast 2019-2024

The global silicones market grew at a CAGR of around 5% in the period 2014-2018. The healthy growth of the global silicones market has aided the Europe silicone market, which is expected to reach a ca...

North America Silicones Market Report and Forecast 2019-2024

The North America silicones market has grown at a CAGR of around 4% in during 2014-2018. Due to the rising demand for silicone elastomers in the USA and Canada, the market for silicones in North Ame...

North America Betaines Market Report and Forecast 2019-2024

The betaines market in North America is expected to reach a volume of around 200 KMT by 2024 and the global betaines market is projected to expand at a CAGR of about 4% during 2018-2024.

Have any queries or concern?

USA - Canada: +1-415-325-5166

UK: +44-702-402-5790

Email: sales@expertmarketresearch.com