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Citric Acid Market by Form , Application , Function , and by Region  - Global Forecast to 2020

Citric Acid Market: Global Forecast until 2020

  • October 2015
  • 133 pages
  • ID: 3700454
In this report:
According to the Office for National Statistics (2013), the total factor productivity (TFP), which is an indicator of the efficiency and competitiveness of the food industry within the U.K. (food sector, excluding agriculture), was ##.##% in 2013, outperforming the wider economy in competitiveness since 2010.

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Citric acid is a weak organic acid that finds application in different industries including food & beverage, animal feed, pharmaceutical, personal care & cosmetics, detergents & cleansers, textile, and construction, among others. Citric acid is widely used in the food & beverage sector as an acidulant. The citric acid market is anticipated to witness significant rise in the food & beverage market owing to growing demand for processed and ready-to-eat food & beverage products. Versatile properties of citric acid including low toxicity, tart taste, preservation, and chelating & buffering characteristics are responsible for its increasing consumption in a wide range of applications.

This industry report offers a complete review of the main firms and a chronology of developments with respect to new products, market investments & development, acquisitions, and strategic agreements. It also analyzes the market opportunities, price trends, and trade study, highlighting the top features for this sector. The analysis also highlights main market drivers and market restraints for the top regions of the world.

Leading players including Archer-Daniels-Midland Company, Cargill, Incorporated, Tate & Lyle PLC and JUNGBUNZLAUER SUISSE AG, COFCO Biochemical Co., Limited, HUANGSHI XINGHUA BIOCHEMICAL CO.LTD, and S.A. Citrique Belge N.V., among others have been described in the market research. To preserve a competitive edge in the citric acid market, the top players were observed to prefer new product improvement as a strategy to serve a broad range of sectors. New technologies have initiated the emergence of innovative products that could help in cost reduction. Developing countries present a viable market for manufacturers, as these areas are emerging as potential industries with the availability of raw materials.

The overall market for citric acid is expected to rise at competitive CAGRs of 5.50 percent and 5.20 percent, in terms of value significance and quantity respectively, between 2015 and 2022. Europe (EU) led the industry for citric acid in 2014, in terms of value importance and quantity, owing to substantial increase in the processed food & beverage sector and high consumption of citric acid as a vital food additive. The sector in the Asia Pacific (APAC) area is expected to grow at a higher rate as distinguished to the matured sectors of developed economies.

Available Customizations-

The following customization options are available for the report:

Product Analysis

- Product matrix, which gives a in-depth comparison of the product portfolio of each company

Regional Analysis

- Further rupture of the Rest of Europe citric acid market into Sweden (SE), Poland (PL), Norway (NO), and Greece (GR)

- Further rupture of the Rest of Asia-Pacific citric acid market into Malaysia (MY), Australia (AU) & New Zealand (NZ), and Thailand (TH)

- Further breakdown of the RoW citric acid market into Paraguay, Uruguay, Chile (CL), and Cuba

Company Information

- Detailed study and profiling of additional market actors (Up to 5)

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