Demand from pharmaceuticals support growth in Global Citric Acid Market

1. Demand from pharmaceuticals support growth in Global Citric Acid Market Global Citric Acid Market estimated to garner a CAGR of 5% by 2025 Asia Pacific to record the highest CAGR in the Global Citric Acid Market Market overview: The global Citric Acid Market was worth USD 2.5 billion in 2019, and it is estimated that it will reach a valuation of USD 3.8 billion by 2025 at a CAGR of 4.9% during the outlook period. Citric acid found in fruits and vegetables is a is a weak organic acid which adds bitter taste to food and juice. Citric acid is classified into food grade, industrial grade, and pharmaceutical grade. Food grade citric acid is soluble in water and is used in food flavorings. Add citric acid to food to balance the pH of the food, and the pH adjustment is used in the pectin to gel and harden the gelatin. Citric acid is also used in wine to prevent the turbidity of iron metals that forms during oxidation. Citric acid is also used in cleaning processes that kill bacteria. It is also effective in removing soap and rust. Recent developments: In December 2017, Jungbunzlauer, a leading manufacturer of biodegradable materials, announced the construction of a new citric acid plant in Austria. Market Drivers and Restrains: The high demand for food preservation products is expected to be a key driver of the industry's growth. Citric acid imparts a sour and tart flavor and enhances the flavor. When used as a food additive, acids are effective in inhibiting microbial growth, thus extending shelf life. Also, the increasing demand for compounds in the pharmaceutical industry for the manufacture of digestive agents is expected to drive the market positively during the forecast period. The aforementioned factors are expected to increase demand for the product in the next 8 years. This is mainly because it is widely used in ice cream and dietary supplements. The food and beverage industry continues to dominate the global citric acid market in terms of demand. Citric Acid is the preferred preservative due to its ability to

2. inhibit microbial growth and improve the shelf life of products. Also, it comes in bitter and sour flavors to enrich the taste of the food. In addition to the food and beverage and pharmaceutical industries, the global citric acid market is dominated by the animal feed, textile, detergent and detergent, and cosmetic industries. Another notable quality of citric acid is its ability to aid digestion. Many people around the world have digestive problems, increasing the demand for citric acid-based foods and beverages. In cleaning products, it acts as a foaming and chelating agent that reduces the hardness of the water. Citric acid is also used to develop photographic film. The unbalanced consumption of citric acid is one of the biggest challenges for the global citric acid market. This can lead to side effects such as abdominal pain, nausea, vomiting, and diarrhea. To know more read: https://www.marketdataforecast.com/market-reports/citric-acid-market Report is segmented as: The global citric acid market is segmented into liquid and powder form by form. Based on the application, the global citric acid market is segmented as personal care, pharmaceuticals, food and beverages, etc. The food and beverage sector can be subdivided into bakery, confectionery and dairy beverages. Geographical Segmentation: The Asia Pacific region is expected to witness significant demand for its products during the forecast period due to a growing population and increased demand for preservatives in the food industry. China is one of the largest consumers and exporters of products. The United States-led North America region is supposed to provide a range of growth opportunities for its products as product applications increase in the food and beverage industry during the outlook period. Europe will continue to experience significant growth as product use in a variety of industries increases and will promote the penetration of citric acid. The Middle East, led by Saudi Arabia, will provide commercial opportunities for its products due to its huge potential demand for its products as an additive for the food and beverage industry. Key market players:

3. Some of the key industry players operating in the citric acid market are Archer Daniels, Tate & Lyle plc, Pfizer, and Gadot Biochemical Industries. View sample and decide: https://www.marketdataforecast.com/market-reports/citric-acid- market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information:

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