Chemical Research Report Citric-Acid-Market | Page 2

using Genetically Modified Organism (GMO) sources for sucrose and glucose, which is used in the citric acid
manufacturing process may restrain growth of the citric acid market.
Market Outlook
Europe held the dominant position in for citric acid market in 2017. The region is expected to
account for around 28% of the global citric acid demand. This is largely due to the thriving food
& beverage industry in the region. According to European Union statistics, the food industry in
European Union was valued at US$ 1.08 trillion in 2014. The region also had a trade surplus of
around US$ 35 billion due to the food & beverages industry
Asia Pacific is projected to be the fastest growing region in citric acid market due to the fast
growing food & beverages industry in the region. According to Indian Brand Equity Foundation
(IBEF), India’s was the sixth largest food & beverage industry in the world. China was the
largest producer of citric acid in 2016, and it is projected to maintain its dominance in terms of
production over the forecast period. According to UN Comtrade statistics, China held a share of
around 48% in world exports of citric acid. India, Japan, and European Union were among the
major importers of citric acid from China. Players based in China are focused on geographic
expansion. Anhui BBCA Biochemical Co., Ltd in 2014, commissioned a 60,000 ton/year plant
in Hungary. The plant will serve the food processing industries in Central and Western Europe.
Browse More About the Keyword Market Study @
https://www.coherentmarketinsights.com/ongoing-insight/citric-acid-market-1984
Report includes chapters which deeply display the following deliverable about industry:
• Citric Acid Market Research Objective and Assumption
• Citric Acid Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Citric Acid Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals,
Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Citric Acid Market, By Regions
• Citric Acid Market Competition by Manufacturers including Production, Share, Revenue,
Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Citric Acid Market Manufacturers Profiles/Analysis including Company Basic Information,
Manufacturing Base and Its Competitors.