Felton, 16 December
2019 - This report provides in depth study of “Citric Acid Market” using SWOT analysis
i.e. Strength, Weakness, Opportunities and Threat to the organization. The Citric Acid Market report also provides
an in-depth survey of top key players in the market which is based on the
various objectives of an organization such as profiling, the product outline,
the quantity of production, required raw material, and the financial health of
the organization.
Global Citric Acid Market is expected to reach USD 3.83
billion at a significant CAGR of 4.9% by 2025 as the scope and its applications
are rising enormously across the globe. Citric acid is also termed as anhydrous
citric acid or citrate or 2-hydroxypropane-1,2,3-tricarboxylic acid, with a
molecular formula C6H8O7. These are odorless, colorless & translucent
crystals with an acid taste and are denser than water. Its molecular weight is
192.123 g/mol. It is an organic acid compound found in citrus fruits and plays
important role in metabolism to create energy.
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Citric acid reduces the hardness of water and helps in the
foam formation, rising use for descaling of mineral deposits, and exclusively
used to remove dirt spots and grime from the surfaces and fabrics, are
documented as major factors of Citric Acid Market that are estimated to enhance
the growth in the years to come. Rising popularity of organic food additives
and is biodegradable, non-corrosive, and non-toxic in nature are the other
factors that boost overall market growth in the coming years.
Citric Acid Market is segmented based on types, form,
application, and region. Food grade citric acid, citric acid solvents, and
pharmaceutical citric acid are the main types that could be explored in Citric
Acid in the future period. Powder citric acid and liquid citric acid are the
major forms that could be explored in Citric Acid in the forecast period. In
2016, powder sector accounted for the largest market share of 63.3% in terms of
revenue. However, liquid segment is estimated to grow at highest CAGR in the
foremost period. This may be because of its beneficial properties in a food and
dairy products. Moreover, it is exclusively used in oil industry as an oil
control additive for maintaining the pH and chelating acidizing fluids.
The market may be categorized based on applications like
food & beverages, pharmaceutical, and others. In 2016, food & beverage
sector lead the overall market with the largest share of 57.9% in terms of
volume. Also, the sector is estimated to grow at highest CAGR between 2017 to
2025. The reason behind the growth could be high demand for dietary supplements
and ice creams, exclusively used to form salt derivatives of metals and
minerals in pharmaceuticals, and highly used to control the pH value in
medicines. However, other segment includes textiles, detergents &
cleansers, animal feed, and cosmetics.
Market Segment:
Citric Acid Form
Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
• Liquid
• Powder
Citric Acid
Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
• Pharmaceutical
• Food &
beverages
• Others
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Major Key Points in
Table of Content
1 Market Definition
2 Global Market by Vendors
3 Global Market by Type
4 Global Market by End-Use / Application
5 Global Market by Regions
6 North America Market
7 Europe Market
8 Asia-Pacific Market
9 South America Market
10 Middle East & Africa Market
11 Market Forecast
12 Key Manufacturers
13 Price Overview
14 Research Conclusion
Continued….
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