According to a new market report published by Lucintel, the future of the citric acid market looks promising with opportunities in food, pharmaceuticals, and cosmetics. The global citric acid market is expected to grow with a CAGR of 4%-6% from 2020 to 2025. The major drivers for this market are increasing use of additives in the processed food industry, growing demand of citric acid in the pharmaceutical industry, and rising demand for carbonated soft drinks.
To download report brochure, please go to https://www.lucintel.com/citric-acid-market.aspx and click "download brochure" tab from the menu
In this market, anhydrous and liquid are the major form types. Lucintel forecasts that liquid form will remain the largest segment over the forecast period because it is used in a variety of food and dairy forms due to its beneficial properties such as possessing acidifying agents, and ability for texture modification and flavor enhancement.
Within this market, food and bevarage, pharmaceutical, and cosmetics are the major applications of citric acid. Food and beverage will remain the largest segment by application type over the forecast period because of the growing consumer demand for RTD beverages and processed foods, which is significantly aiding the industry growth.
Europe is expected to witness the highest growth over the forecast period because of the substantial growth of various industries which propelled citric acid penetration and rising application in cosmetics and pharmaceuticals.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global citric acid market by form type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Citric Acid Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global citric acid market by form type, application, and region as follows:
By Form Type [Value ($ Million) shipment analysis for 2014 – 2025]:
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Food and beverages
Pharmaceuticals
Cosmetics
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Germany
France
Italy
China
Japan
India
Australia
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.