Market Research Future - Premium Research Reports Global Citric Acid Market Overview 2022
Global Citric Acid Market Expected to Cross
USD 4 Billion Mark by 2022
Market Research Future published a Half Cooked Research Report on Global Citric Acid Market that
contains the information from 2014 to 2022. Global Citric Acid Market is expected to grow with the
CAGR of approximately 6.2% from 2016 to 2022, and with this it is predictable to cross USD 4 Billion by
2022.
Market Overview:
Citric acid, occurring in a wide variety of plants, citrus fruits, micro-organism, etc. holds an important
role in metabolism. Citric acid is in demanded extensively as acidifying agent which is highly soluble in
nature. Food & beverages, personal care and pharmaceutical industries are the key drivers in the growth
of citric acid market across the globe. The acid finds its way in varied applications such as to increase
tartness, pH adjustment, sourness, and also for enhancing flavors in the food & beverages industry.
Apart from this it also used in pharmaceutical products, personal care, cleaners & detergent and others.
The report has analyzed the market based on the three segments: grade, form and application in the
regions of North America, Europe, APAC and rest of the world. On the basis of application, food &
beverages has the largest market share both by value and volume. The global citric acid market is
expected to cross USD 4 Billion at the end of the forecasted period and is expected to grow at CAGR of
approximately 6.2% from 2016 to 2022.
Drivers of Global Citric Acid Market
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