AMA Research, a global market research and consulting organization, have released a new study titled "Citric Acid market - Global outlook to 2028". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Citric Acid market to grow at a CAGR of 5.6%.
The Form, such as Anhydrous citric acid, is boosting the Citric Acid market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End Use, such as Food and Beverages, is boosting the Citric Acid market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Grade, such as Food Grade, is boosting the Citric Acid market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Citric Acid market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Rising demand for citric acid from numerous end user industries, Increasing Intake of Convenience Food & Beverage Products and Growing Requirement for Food Safety.
Citric acid, a weak organic tricarboxylic acid occurs naturally in citrus fruits. It is an intermediate in the citric acid cycle that happens in the metabolism of all aerobic organisms, in biochemistry. Citric acid occurs in greater than trace volumes in a variety of fruits and vegetables, most notably citrus fruits. It exists in a variety of fruits and vegetables, but it is most concentrated in lemons as well as limes, where it can comprise as much as 8 percent of the dry weight of the fruit. Citric acid is a common food additive and, is found in all from sodas to candies. Mostly used as a flavor enhancer in beverages, citric acid is used in soft drinks, juices, teas, and other beverages to create a slightly tart, refreshing flavor as well as balance sweetness. Increasing demand from end use industries such as food and beverages, and pharmaceutical, among others is likely to impel the growth of the global citric acid market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Citric Acid market , by Application (Acidulant, Antioxidant, Preservative, Sequestrant and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market