Citric acid market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. The increasing usage of digestive citric acid-based food & beverages and pharmaceuticals sector in the various region such as North America and Europe is propelling the growth of the market. For instance, according to the World Health Organization (WHO), approximately 65 to 70 million people in North America experience digestive system problems. This, in turn, has led to an increase in the demand for digestive citric acid-based food & beverages and pharmaceuticals in the region. Moreover, the German Nutrition Society (DGE) stated that, rising awareness amongst European consumers regarding citric acid for maintaining health.
Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in April 2021, Jungbunzlauer has decided to embark on a further expansion of the existing Citric plant in Port Colborne, Canada. This decision comes as a response to a consistently strong and growing global demand for citric acid and citrates as functional and bio-based ingredients in products ranging from food, beverages, detergents, and industrial applications, driven by customers looking for safe and biodegradable products coming from sustainable production plants. The expansion will further enhance our competitive position for citric acid, sodium citrate, and potassium citrate, servicing customers with high-quality products in North and Latin America.
To Request a Sample of our Report on Citric Acid Market: https://www.omrglobal.com/request-sample/citric-acid-market
Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Form
- By Application
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Jungbunzlauer Suisse AG, Cofco Biochemical, Archer Daniels Midland Co, Cargill, Inc, Gadot Biochemical Industries Ltd.
Citric Acid Market Report Segment
By Form
- Liquid
- Anhydrous
By Application
- Food and beverage
- Pharmaceutical
- Personal Care
- Other Applications (Household Detergents and Cleaners)
A full Report of Citric Acid Market is Available @ https://www.omrglobal.com/industry-reports/citric-acid-market
Citric Acid Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Archer Daniels Midland (ADM) Company
- Cargill, Inc
- Cofco Biochemical
- Foodchem International Corporation
- Gadot Biochemical Industries
- Hawkins Pharmaceutical Group
- Huangshi Xinghua Biochemical Co. Ltd.
- Jungbunzlauer Suisse AG
- Kenko Corp
- Merck KGaA
- Metagenics
- MP Biomedicals, Inc
- Pfizer, Inc.
- Posy Pharmachem Pvt Ltd
- RZBC Group Co. Ltd.
- A. Citrique Belge N.V.
- Saudi Bio-Acids Company
- Tate & Lyle plc
- TTCA Co., Ltd
- Ensign Industry Co., Ltd.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
