Global Citric Acid Market is expected to reach 1805.1 million USD by the end of 2022
The global Citric Acid market is valued at 1685.8 million USD in 2016 and is expected to reach 1805.1 million USD by the end of 2022, growing at a CAGR of 1.15
The global Citric Acid market is valued at 1685.8 million USD in 2016 and is expected to reach 1805.1 million USD by the end of 2022, growing at a CAGR of 1.15
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<strong>Global</strong> <strong>Citric</strong> <strong>Acid</strong> <strong>Market</strong> <strong>is</strong><br />
<strong>expected</strong> <strong>to</strong> <strong>reach</strong> <strong>1805.1</strong> <strong>million</strong><br />
<strong>USD</strong> <strong>by</strong> <strong>the</strong> <strong>end</strong> <strong>of</strong> <strong>2022</strong><br />
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• The global <strong>Citric</strong> <strong>Acid</strong> market <strong>is</strong> valued at 1685.8 <strong>million</strong> <strong>USD</strong> in 2016 and <strong>is</strong><br />
<strong>expected</strong> <strong>to</strong> <strong>reach</strong> <strong>1805.1</strong> <strong>million</strong> <strong>USD</strong> <strong>by</strong> <strong>the</strong> <strong>end</strong> <strong>of</strong> <strong>2022</strong>, growing at a CAGR <strong>of</strong><br />
1.15% between 2016 and <strong>2022</strong>.<br />
• The <strong>to</strong>p players cover Weifang Ensign Industry Co., Ltd., TTCA Co., Ltd, RZBC<br />
Group Co. Ltd., C<strong>of</strong>co Biochemical (Anhui) Co., Ltd., Jungbunzlauer Su<strong>is</strong>se AG, Tate<br />
& Lyle etc., which are playing important roles in global <strong>Citric</strong> <strong>Acid</strong> market.<br />
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• <strong>Citric</strong> acid <strong>is</strong> a weak organic tricarboxylic acid having <strong>the</strong> chemical formula<br />
C6H8O7. It occurs naturally in citrus fruits. In biochem<strong>is</strong>try, it <strong>is</strong> an<br />
intermediate in <strong>the</strong> citric acid cycle, which occurs in <strong>the</strong> metabol<strong>is</strong>m <strong>of</strong> all<br />
aerobic organ<strong>is</strong>ms.<br />
• It <strong>is</strong> used widely as an acidifier, as a flavoring and chelating agent.<br />
• <strong>Global</strong> <strong>Citric</strong> <strong>Acid</strong> <strong>Market</strong> <strong>expected</strong> <strong>to</strong> <strong>reach</strong> <strong>USD</strong> <strong>1805.1</strong> M <strong>USD</strong> <strong>by</strong> <strong>2022</strong><br />
driven <strong>by</strong> its increasing use in Food & Beverages, Pharmaceuticals & Personal<br />
Care and Detergents & Cleansers. The growth <strong>of</strong> <strong>the</strong>se <strong>end</strong>-use industries,<br />
particularly in emerging economies <strong>of</strong> Asia Pacific region, <strong>is</strong> anticipated <strong>to</strong><br />
boost <strong>the</strong> growth <strong>of</strong> <strong>the</strong> chemical over <strong>the</strong> projected period.<br />
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The bio-based and chelating character<strong>is</strong>tics <strong>of</strong> citric acid make it a viable solution <strong>to</strong> several <strong>to</strong>xic<br />
substances used for manufacturing detergents & cleaners, especially for household purposes.<br />
R<strong>is</strong>ing awareness regarding cleanliness and hygiene <strong>is</strong> <strong>expected</strong> <strong>to</strong> augment <strong>the</strong> demand for<br />
detergents & cleaners, resulting in a volume CAGR <strong>of</strong> 5.23% over <strong>the</strong> projected period.<br />
Asia Pacific dominated <strong>the</strong> global industry, <strong>the</strong> Product Capacity accounted for above 67% <strong>of</strong> <strong>the</strong><br />
global citric acid market in 2016.but <strong>the</strong> major consumption regions are Europe and North America,<br />
<strong>the</strong> consumption market share are 31.19% and 25.34% in 2016.<br />
Rapid industrialization resulting in <strong>the</strong> presence <strong>of</strong> large-scale manufacturing bases for food &<br />
beverages, pharmaceuticals, and cosmetics <strong>is</strong> <strong>expected</strong> <strong>to</strong> augment <strong>the</strong> demand for <strong>the</strong> chemical as<br />
an intermediate in several processes.<br />
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<strong>Market</strong> Segment <strong>by</strong> Regions, regional<br />
analys<strong>is</strong> covers<br />
North America<br />
Europe<br />
China<br />
Latin America<br />
O<strong>the</strong>rs<br />
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<strong>Market</strong> Segment Applications, can be<br />
divided in<strong>to</strong><br />
Food & Beverages<br />
Pharmaceuticals & Personal Care<br />
Detergents & Cleansers<br />
O<strong>the</strong>rs<br />
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<strong>Market</strong> Segment <strong>by</strong> Type, covers<br />
Powder <strong>Citric</strong> <strong>Acid</strong><br />
Liquid <strong>Citric</strong> <strong>Acid</strong><br />
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<strong>Citric</strong> <strong>Acid</strong> Competitive landscape and key v<strong>end</strong>ors<br />
Weifang Ensign Industry Co., Ltd.<br />
TTCA Co., Ltd<br />
RZBC Group Co. Ltd.<br />
C<strong>of</strong>co Biochemical (Anhui) Co., Ltd.<br />
Jungbunzlauer Su<strong>is</strong>se AG<br />
Tate & Lyle<br />
S.A. Citrique Belge N.V.<br />
Archer Daniels Midland Company<br />
Cargill Incorporated<br />
Shandong Juxian Hongde <strong>Citric</strong> <strong>Acid</strong> Company Ltd<br />
Huangshi Xinghua Biochemical Co.Ltd<br />
Gadot Biochemical Industries Ltd.<br />
Niran (Thailand) Co., Ltd<br />
Sunshine Biotech International Co., Ltd.<br />
Sucroal S.A<br />
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