Citric Acid Market
Citric acid also acts as a substitute for phosphate which is used in concentrated liquid detergents. This results in increased demand for citric acid from the residential sector. Citric acid also helps manufacturers to give“ hygienic and fresh” label to their products. Thus bringing these products in the safe and approved category from customers. However, cutthroat competition from niche as well as strong competitors in the market may hinder the growth of the global citric acid market in future.
Global Citric Acid Market: Segmentation
The global citric acid market is segmented on the basis of form, application, function, and regions. Based on the form, the global citric acid market is segmented as anhydrous and liquid. Further on the basis of application, the global market is segmented as pharmaceuticals, food, cosmetics, and others. Based on the function, the global citric acid market is classified as acidulant, antioxidant, preservative, and sequestrant. Geographically, the global market is diversified as Europe, North America, Asia-Pacific, and Rest of the World( RoW).
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