What is Citric Acid Anhydrous?
Citric acid anhydrous is a tricarboxylic acid found in citrus fruits and occurs as colourless crystals or as white, crystalline powder with a strongly acidic taste. It is very soluble in water, freely soluble in ethanol (96%) and sparingly soluble in ether. Citric acid anhydrous has a low reactivity and is non-toxic and. It is chemically stable if stored at ambient temperatures. Citric acid anhydrous is totally biodegradable and can be disposed of with regular waste.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Archer Daniels Midland (United States), Gadot Biochemical Industries (Israel), Citrique Belge (Belgium), Foodchem International Corporation (Belgium), Jungbunzlauer Suisse AG (Switzerland), Niran (Thailand) Co., Ltd. (Thailand), Cargill (United States), Weifang Ensign Industry Co., Ltd. (China), Jiangsu Guoxin Xielian Energy Co., Ltd. (China) and RZBC Group (China) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Crystal, Powder and Other) , by application (Food Grade, Pharmaceutical Grade, Industrial Grade, Feed Grade and Others) and major geographies. Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Citric Acid Anhydrous market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Citric Acid Anhydrous market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Archer Daniels Midland (United States), Gadot Biochemical Industries (Israel), Citrique Belge (Belgium), Foodchem International Corporation (Belgium), Jungbunzlauer Suisse AG (Switzerland), Niran (Thailand) Co., Ltd. (Thailand), Cargill (United States), Weifang Ensign Industry Co., Ltd. (China), Jiangsu Guoxin Xielian Energy Co., Ltd. (China) and RZBC Group (China).
Market Overview:
On March 1, 2019 - Archer Daniels Midland Company announced that it has completed its acquisition of Florida Chemical Company, one of the world’s largest natural citrus oils and ingredients manufacturers.
Citric Acid Anhydrous Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rising Demand for Citric Acid from Several End User Industries
- Increasing Consumption of Convenience Food & Beverage Products
- Growing Requirement for Food Safety
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Major Trends | - Increasing Demand from Consumers Favoring Products with Plant Based Natural Ingredients
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Restraints | - Side Effects Due To Uneven Citric Acid Consumption
- Competition for Basic Raw Materials
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Road Blocks / Challenges | - Lactic Acid as a New Substitute for Citric Acid
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Gaps & Opportunities | - Potential Growth in Developing Regions
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Key highlights of the Global Citric Acid Anhydrous market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Citric Acid Anhydrous market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Citric Acid Anhydrous market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Citric Acid Anhydrous Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Citric Acid Anhydrous market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Citric Acid Anhydrous market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Citric Acid Anhydrous, Suppliers of Citric Acid Anhydrous, Wholesalers, Distributors and Retailers of Citric Acid Anhydrous, Food & Beverage Industry, Cosmetic Industry, Chemical Industry, Pharmaceutical Industry and Governmental Bodies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.