Citric Acid Market – What Factors will drive the Market in Upcoming Years and How it is Going to Impact on Global Industry?
In terms of revenue in 2014, the global market for Citric Acid Market was calculated to be USD 2.16 billion and is projected to reach USD 3.66 billion by 2022, growing at a CAGR of 7.4% from 2015 to 2022. In 2014, in terms of volume the market demand for citric acid was 1.80 million tons and is projected to reach 2.60 million tons by 2022 at a CAGR of 5.3% during the forecast period.
Credence Research, the leading business intelligence provider, has published its latest research, „Citric Acid Market 2026„, which gives insights into Autoinjectors in the Global market. The report determines the market size for 2018, along with forecasts until 2026. It is built using data and information sourced from exclusive databases, primary and secondary research, and in-house analysis carried out by Credence Research’s team of industry experts.
Browse Here For Full Report With TOC: https://www.credenceresearch.com/report/citric-acid-market
Market Insight:
The market is witnessing growth on the back of rising demand for innovative food and beverages with exotic and ethnic fruit flavors and flavor blends. Moreover, increased in popularity of convenience foods such as processed food, frozen food and ready to drink beverages are the factors driving the market growth. Emergence of lactic acid as a new substitute for citric acid is one of the major factor inhibiting the market growth. Untapped economies such as Africa, Brazil, UAE, Syria, Turkey and Egypt offers huge market potential.
Citric acid is mainly used in food & beverages industries, due to its low toxicity when compared with other acidulants. More than half of the market pie is accounted by food and beverages segment and is projected to maintain their dominance during the forecast period. Household detergents and cleaners is another major application of citric acid and is projected to exhibit average growth rates of 5.1% from 2015 to 2022. Pharmaceuticals and cosmetics are the two emerging applications of citric acid but offers huge growth potential during the forecast period.
By geography, Europe and North America accounted for two third of the pie and is projected to maintain their dominance during the forecast period. In these regions, food and beverages is the major end use application for citric acid in spite of flat to negative growth of carbonated soft drink market in the U.S., Germany and Canada. Asia Pacific is the fastest growing market. It is projected to grow at a CAGR of 7.9% from 2015 to 2022 in terms of revenue. RoW regions such as Brazil, UAE, Turkey and Africa also offers huge market potential and projected to exhibit above average growth rates.
Archer-Daniels-Midland Company, Tate & Lyle PLC, RZBC Group Co. Ltd., Anhui COFCO Biochemical and Jungbunzlauer are some of the major players present in this market.
This research report gives worldwide Autoinjectors volume forecast and recent quarter review of major Autoinjectors vendor performance. The report includes major vendors‘ volume, growth trends, revenue and revenue growth trends, operating profit margin and ASP, along with analyst insights.
Scope
- The report presents the brief overview of Autoinjectors Market including business description, key information and facts, and its locations and subsidiaries
- The report features product description and descriptive mechanism of action for key products along with the products developmental history and major milestones
- Special feature on out-licensed and partnered product portfolio
- The report summarizes all the dormant and discontinued projects
Latest company statement
- Latest news and deals relating to the Autoinjectors products
Research methodology
The following research methods were used in this report:
- Desk study
- A questionnaire survey among specialty retail chains
- Analyzing statistical data released by the Federal Customs Service
- Desk study sources include materials taken from print and online media conference materials.
Reasons to Buy
- The report provides information about technology solutions needed for the implementation of Autoinjectors projects, and allows readers to make effective business decisions
- The report helps readers to strengthen strategic framework by understanding the business benefits to be achieved through Autoinjectors solutions
The report highlights projected investment on Autoinjectors over the next two years. This will help
- organizations to allocate budget towards Autoinjectors implementation and business expansion
- The report helps executives plan their adoption of Autoinjectors by providing expected timeframes for implementation
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