Citric Acid Market By End-Use, Covid-19 Impact, Industry Analysis, Growth, Revenue, Region and Future Forecast to 2025
Adroit Market Research presents Citric Acid Market report a professional and in-depth study of the current state of the market. Information such as regional markets, policy analysis, emerging trends, applications, end users and value chain structure are discussed in depth.
Dallas, United States – May 26, 2021 /MarketersMedia/ —
The global citric acid market size is projected to be valued at USD 4.34 billion by 2025. Growing health consciousness among individuals due to rising prevalence of diseases and illnesses, increasing importance of fitness and healthy eating habits, high requirement of eating food that helps in weight management as well as growing need for consuming nutrients and essential vitamins are the major factors fueling the growth of global citric acid market over the analysis time frame. Moreover, lack of vitamins and minerals in bodies of several individuals which causes several illnesses and issues also leads to doctor’s recommendations to consume food items that are rich with citric acid is also creating opportunities for the growth of global citric acid market in the coming years. Several fruits and eatables such as oranges, grapes, and lemons contain citric acids in large amounts which is healthy for the human body.
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Archer Daniels Midland Company, Cargill, Incorporated., Jungbunzlauer Suisse AG, Basel, COFCO, Gadot Biochemical Industries Ltd. are some of the top players of the global citric acid market.
Easy access to information creating awareness regarding the importance of eating healthy food items as well as growing cases of diabetes, cancer, and other health related issues among the people is increasing the importance for healthy food items is also creating opportunities for the market growth. In addition, increasing geriatric population as well as high occurrences of diseases due rising consumption of fast food and other ready to eat food items that are available in the market, rising obesity among kids as well as adults and high pollution especially in the urban regions is also fueling the growth of global citric acid market in the coming years.
Further, rising usage of social media platforms and other websites online which showcase individuals with perfect body shapes encourages the youth to stay healthy and take care of body and weight, which is also creating opportunities for the growth of global gluten citric acid market in the coming years. Also, rising spread of the COVID-19 pandemic is majorly infecting the individuals with a lower immunity, hence people are focused on eating healthy food items and staying fit, to avoid the infection, hence fueling the market growth. In such incidences, citric acid is known to be something that increases immunity and helps in fighting with the covid-19 infection in a better way, hence it is gaining popularity in the recent times.
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In reference to the regional landscape, the global citric acid market is segmented into Sweden, Chile, Indonesia, China, Egypt, Australia, Malaysia, UAE, Netherlands, India, France, Saudi Arabia, Belgium, USA, Switzerland, Europe, Thailand, South UK, China, Columbia, Poland, Germany, Nigeria, Sweden, Spain, Italy, Egypt, Canada, United States, Philippines, Chile, Turkey, Korea, Australia, and rest of the world.
Key segments of the global citric acid market
End Use Overview, 2015-2025 (USD Million) (Kilo Tons)
• Food & Beverages
• Household
• Pharmaceuticals
• Cosmetics
• Others
Regional Overview, 2015-2025 (USD Million) (Kilo Tons)
• North America
o U.S.
o Rest of North America
• Europe
o Germany
o UK
o Rest of Europe
• Asia Pacific
o China
o India
o Rest of Asia Pacific
• Central & South America
o Brazil
o Rest of Asia Pacific
• Middle East & Africa
Key questions answered in this report:
1. What will the market size be in 2027and what will the growth rate be?
2. What are the key market trends?
3. What is driving this market?
4. What are the challenges to market growth?
5. Who are the key vendors in this market space?
6. What are the market opportunities and threats faced by the key vendors?
7. What are the strengths and weaknesses of the key vendors?
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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