Citric Acid Industry: Global Survey, Trends and Forecast by 2025

Increasing demand for the product as an acidulant in food & beverages application is expected to be a major factor driving the market. The Global Citric Acid Market is expected to reach USD 3.83 billion by 2025, growing at a CAGR 4.9%, according to a new report by Grand View Research, Inc.

The market is highly competitive in nature with companies increasing their production capacities to serve the growing demand. The companies compete on the basis of product superiority, manufacturing technologies, and adherence to regulations pertaining to citric acid products in an attempt to increase their revenue.

The industry is marked by the presence of major participants focusing on R&D activities to come up with application-specific citric acid products. These well-established players account for a relatively larger share of the annual production of citric acid and have a competitive edge over the smaller players as they have a prevailing goodwill in the market.

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The industry is marked by the presence of numerous small unorganized players that deal majorly with the local distribution and cater to the demand in domestic and adjoining economies. These small players in the industry do not have a significant impact on the market dynamics due to low production volumes and smaller geographic reach.

Top Players of Citric Acid Market:

The Global Citric Acid Market dominated by a few major industry players including Kenko Corporation; Archer Daniels Midland (ADM) Company; Tate & Lyle plc; and Danisco A/S.

Market Segmentation of Citric Acid Market:

The Global Citric Acid Market segmented on the basis of Form, Application, and Region.

By Form:

    Liquid
    Powder

By Application:

    Pharmaceutical
    Food & beverages

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    The Middle East & Africa

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