Citric acid is a weak organic tricarboxylic acid having the chemical formula C6H8O7. It occurs naturally in citrus fruits. In biochemistry, it is an intermediate in the citric acid cycle, which occurs in the metabolism of all aerobic organisms. It is used widely as an acidifier, as a flavoring and chelating agent.
According to our (Global Info Research) latest study, the global Citric Acid market size was valued at USD 1895.2 million in 2022 and is forecast to a readjusted size of USD 2268.7 million by 2029 with a CAGR of 2.6% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of citric acid include Weifang Ensign Industry, TTCA, RZBC Group, Jiangsu Guoxin Union Energy, Cofco Biochemical, etc. The top five players hold a share about 49%. China is the largest producer, has a share about 63%, followed by Europe and North America, with share 12% and 10%, respectively. The largest market is Europe, with a share about 30%, followed by North America and China, with share 22% and 17%, separately.
For more information (Including Full TOC, List of Tables & Figures, Chart), please click @ https://www.globalinforesearch.com/reports/989523/citric-acid
This report is a detailed and comprehensive analysis for global Citric Acid market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Market segment by Type
Citric Acid Monohydrate
Citric Acid Anhydrous
Market segment by Application
Food and Drinks
Pharmaceuticals and Personal Care
Detergents and Cleaners
Other
Major players covered
Weifang Ensign Industry
TTCA
RZBC Group
Jiangsu Guoxin Union Energy
Cofco Biochemical
Citrique Belge
Jungbunzlauer Suisse
ADM
Cargill
Laiwu Taihe Biochemistry
Tate & Lyle
Natural Biological Group
Gadot Biochemical Industries
Huangshi Xinghua Biochemical
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Citric Acid product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Citric Acid, with price, sales, revenue and global market share of Citric Acid from 2018 to 2023.
Chapter 3, the Citric Acid competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Citric Acid breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Citric Acid market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Citric Acid.
Chapter 14 and 15, to describe Citric Acid sales channel, distributors, customers, research findings and conclusion.
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