Global Citric Acid Market Set to Grow at Healthy CAGR of 5.0 % by 2026Posted by swamiv on November 18th, 2019 Global Citric Acid Market, By Form (Liquid, Powder), By Function (Acidulant, Preservative, Anti-Oxidant, Binding Agent, Others), Application (Food & Beverages, Pharmaceuticals, Others) Market Analysis: Global Citric Acid MarketThe Citric Acid Market is growing significantly, due to the rising applications of it in a number of industries. Due to its cost effective nature, the market is set to witness a CAGR of 5% in the forecast period of 2018-2025, rising from its initial estimated value of USD 2.9 billion in 2017 to an estimated value of USD 4.3 billion by 2025. Get inquire before buying @ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-brewing-equipment-market Market Definition: Global Citric Acid MarketCitric Acid is an organic acid that occurs naturally in citrus fruits, as well as being manufactured on a global scale. Its widespread applications across a different number of industries make it one of the largest numbers of acid to be manufactured every year globally. The market is witnessing high market growth due to the application of citric acid as cleanser, due to the reduced use of phosphate as a cleanser. Europe had the largest market share in 2017, followed by North America. Market Drivers:
Market Restraints:
Segmentation: Global Citric Acid Market
o Liquid o Powder o Anhydrous Citric Acid o Monohydrate Citric Acid
o Acidulant o Preservative o Anti-Oxidant o Binding Agent o Others
o Food & Beverages o Confectionaries o Convenience Food o Dairy Products o Pharmaceuticals o Others o Detergents & Cleansers o Animal Feed o Textile Competitive Analysis: Global Citric Acid MarketThe Global Citric Acid Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Citric Acid Market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. In December 2017, Jungbunzlauer Suisse AG, announced that it will construct a new citric acid plant in Austria In April 2015, Cargill Incorporated began the investment procedure to expand its citric acid manufacturing plant in Uberlandia, Brazil Key Market Competitors: Global Citric Acid MarketFew of the key competitors currently working in the Citric Acid Market are Archer Daniels Midland Company, Cargill Incorporated, Tate & Lyle, Jungbunzlauer Suisse AG, COFCO, W. Ulrich GmbH, Atlantic Chemicals Trading GmbH, Jebsen & Jessen (SEA), CLEAN srl, AGREMA Poland Sp. z o.o., Itoil OÜ, EluOecolo & Sitodi, AURIMEX AG, Matco nv, Foodchem International Corporation, Chemequal, HUANGSHI XINGHUA BIOCHEMICAL CO. LTD., RZBC GROUP, Weifang Ensign Industry Co. Ltd., S.A. Citrique Belge N.V., Delek Group, Pfizer Inc., Kenko Corporation, Metagenics Inc., MP Biomedicals LLC., and DuPont Nutrition & Health. About Us: Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge Market Research provides appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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