The new report by EMR titled, ‘Global Citric Acid Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global citric acid market assessing the market based on its segments like form, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): 2.39 Million Tons
- Forecast CAGR (2021-2026): 4.0%
- Forecast Market Size (2026): 2.91 Million Tons
Industry Definition and Major Segments
Citric acid is a weak organic acid that can be found in lemon and other sour fruit juices. It’s employed in various industries because of its capacity to inhibit microbe growth, change pH, add sourness and acidity, and enhance flavor.
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Based on form, the industry can be divided into:
On the basis of application, the industry can be segmented into:
- Food and Beverages
- Household Detergents and Cleaners
- Pharmaceuticals
- Others
Latest Global News on Citric Acid Market@ https://www.expertmarketresearch.com/pressrelease/global-citric-acid-market
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
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Market Trends
Its use in a variety of food and non-food industries, including as drinks, confectioneries, convenience foods, dairy, medicines, personal care and cosmetics, detergents and cleansers, feed, and others, is currently driving the market. Consumer demand for RTD beverages and processed meals is helping to propel the business forward.
Key Market Players
The major players in the market are Archer Daniels Midland Company, Cargill Incorporated, Tate & Lyle, Jungbunzlauer Suisse AG, COFCO and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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