Global Citric Acid Market Information by Grade (Food Grade, Pharmaceutical Grade and others), by Forms (Liquid and Powder) and by Applications (Food & Beverages, Cleaning & Chelating Agent, Cosmetics & Personal Care, Pharmaceuticals and others) - Forecast to 2022.

Pune, India -- (SBWire) -- 06/07/2018 --Market Highlights

Citric Acid is the nature's acidulant and present in citrus fruits, plants, microbes, and fluids. It helps in metabolic processes and is highly soluble in nature. The acid faces huge demand as an acidifying tool. The market for the acid is growing due to its wide usage in foods & beverages. It is demanded heavily from ready-to-eat foods. Moreover, the market is expanding further due to other uses of Citric Acid.

Apart from this it also used in pharmaceutical products, personal care, cleaners & detergent and others. In pharmaceutical industry Citric Acid is used as stabilizing & flavoring agent and in medical products such as soluble aspirin, antacid and also in dentifrices. In the personal category, it is used in shampoos and conditioners, and detergents.

Food & beverage industry is valued to have the largest market size due to its end-use in the industry such as food safety, food preservation, preparation of processed beverages & food items. The food & beverage industry has driven the market for citric acid across the globe. Europe accounts for the largest market share due to its demand from food & beverages and personal care products. Furthermore APAC has seen tremendous growth in the convenience food industry due to the urbanization and population growth.

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Market Research Analysis:

The market is highly application based. Its dependency on the end-use industry has widened over a period of time. The need for stabilizing & flavoring agent, food safety, food preservation, preparation of processed beverages & food items has led to the growth of the acid. It is expected that the Global Citric Acid Market will advance with higher growth rate as compared to previous years. However the current challenge for the market is quantifying the usage of the acid in justified measurements.

On the Basis of Application, food & beverages lead the market in all the major regions across the globe. The reason is attributed to the increased change in preferences from self-cooked food to processed & packaged food. Globally there is increase in number of working population which calls for quick ready-to-eat food items. This induces the demand for Citric Acid in food & beverage industry.

On the Basis of Region, Europe takes the lead as the largest market, followed by North America and APAC. APAC, due to its rapid urbanization and changing lifestyles have created an increased demand for comfort food. The increased investment in food and beverage industries by the key players has further fueled the demand for such acids in foods. Furthermore the personal care products have also found a lucrative market in the lands of China and India which will stimulate the demand for these acids.

Scope of the Report

This study provides an overview of the Global Citric Acid Industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global citric acid market as grade, form and application. On the basis of grade it is segmented as food grade, pharmaceutical grade and others. On the basis of form it is segmented as liquid and powder. On the basis of application it is segmented as food & beverages, cleaning & chelating agent, cosmetics & personal care, pharmaceuticals and others.

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