Citric Acid Market: citric acid monohydrate and citric acid anhydrous are both highly used for industrial purposes; trend growing
The Citric Acid Market is a stable market with a moderate growth in upcoming years. This market is forecast to generate good revenue in various regions across the globe owing to its applications in different types of industries during 2015-2020.
Citric acid (2-hydroxypropane-l, 2, 3, tricarboxylic acid) is amongst the most important organic acid produced in tonnage by fermentation. It is one of the most indispensable and widely used organic acids which occur naturally in various citrus fruits as well as animal fluids and tissues. It is a weak acid and is highly miscible in nature. The citric acid or lemon acid is highly demanded in various industries propelling the demand for the Citric Acid Market.
In the Citric Acid Market, there are different types of citric acids such as citric acid monohydrate, citric acid anhydrous etc. which are usually labelled as different grades of citric acid for supply in the different industries. Citric acids are preferred a lot because of its properties and citric acid uses.
The Citric Acid Market has been segmented by geography as America, Europe, APAC and Rest of the World for better understanding of market in each region. More than 70% Of the Global Citric Acid is used in Food and Fermentation Production.
Region wise brief: Europe’s citric acid market volume was the highest in 2014. It is the major consumer of citric across the world. This demand is followed by America and APAC. Growth in APAC is propelled by the growing markets of China, a major producer of citric acid in the world.
Segmentation of the Citric Acid Market:
The Citric Acid Market is segmented in the IndustryARC research report into various categories as given below:
By grade: food grade, industrial grade, pharmaceutical grade and others
By form: powder and liquid
By end use industry: food and beverage, pharmaceutical, soap and detergent, printing and others
By application: acidulant, stabilizer, cleaning agent, binding agent and others
By geography: North America, South America, Europe, Asia Pacific and ROW
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Notable Players of the Citric Acid Market:
IndustryARC has considered important research factors like product portfolios, company profile, present happenings in the company according to region, past records of all market status, overall future predictions, acquisitions history & projections and financial status analysis.
Some among the 40+ top leaders analyzed in this report, the prominent companies in the Citric Acid Market as per the market research report by IndustryARC are as follows:
NOAH Chemicals Corporation
The Chemical Company
Alfa Chemical Corporation
Archer Daniels Midland Company
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