Preserve processed foods with Citric Acid- Asia Pacific market trends.
Citric Acid Market By Product And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2017 –2022)
(EMAILWIRE.COM, February 26, 2018 ) Citric acid is generally used to impart tartness & sourness and enhance the flavor of the food product. The acid, once used as an additive in the food products, is effective in inhibiting microbe growth and, therefore, extends their shelf life. The factors mentioned above are expected to enhance the product demand over future years. In 2016, only in US, the citric acid market accounted for about USD 449 million.
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The Asia Pacific Citric Acid market is estimated to have a value of USD 0.81 billion in 2016. With a CAGR of 6.4%, the market size is expected to grow rapidly to cross USD 1.11 billion by 2021. The market growth apart from increasing shell life and changing the flavor of food can be attributed to the increased usage of citric acid in the pharmaceutical industry for the manufacturing of digestive medicines and application of citric acid in detergents & cleaners industry.
To know more read: https://www.marketdataforecast.com/market-reports/asia-pacific-citric-acid-market-3297/
The bio-based and chelating characteristics of citric acid make it a viable answer to many harmful substances used for manufacturing detergents & cleaners, particularly for home purposes. Rising awareness concerning cleanliness and hygiene is predicted to enhance the demand for detergents & cleaners, leading to a volume CAGR of 3.8% over the forecast period mentioned above. Rapid industrialization leading to the presence of large-scale producing bases for food & beverages, prescription drugs, and cosmetics is predicted to enhance the demand for the citric acid as an intermediate in many processes.
Increasing healthcare expenditure in addition to rising variety of ailments across the globe is predicted to enhance the demand for pharmaceuticals. The demand for citric acid in pharmaceutical applications was studied and calculated to be 153.1 kilo-tons in 2016 and is projected to progress in sync with the development of the pharmaceutical sector.
Get your customized report: https://www.marketdataforecast.com/market-reports/asia-pacific-citric-acid-market-3297/customize-report
As of now, Asia -Pacific accounted for the largest share of the market and is expected to be fast growing market due to factors such as rising consumer awareness regarding hygiene and cleanliness, particularly in developing economies like India & China, and is expected to bolster the growth of the detergents & cleaners market over the projected period.
The major market contributors for the Citric Acid market are Tate & Lyle plc, Archer Daniels Midland Company, Pfizer Inc., and Gadot Biochemical Industries.
The scope of the report provides:
• The evaluation of the current market for your product or services and the future implications of the market
• Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
• Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
• Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
• The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
• The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
• Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
• Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
• Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
View sample and decide: https://www.marketdataforecast.com/market-reports/asia-pacific-citric-acid-market-3297/request-sample
The Asia Pacific Citric Acid market is estimated to have a value of USD 0.81 billion in 2016. With a CAGR of 6.4%, the market size is expected to grow rapidly to cross USD 1.11 billion by 2021. The market growth apart from increasing shell life and changing the flavor of food can be attributed to the increased usage of citric acid in the pharmaceutical industry for the manufacturing of digestive medicines and application of citric acid in detergents & cleaners industry.
To know more read: https://www.marketdataforecast.com/market-reports/asia-pacific-citric-acid-market-3297/
The bio-based and chelating characteristics of citric acid make it a viable answer to many harmful substances used for manufacturing detergents & cleaners, particularly for home purposes. Rising awareness concerning cleanliness and hygiene is predicted to enhance the demand for detergents & cleaners, leading to a volume CAGR of 3.8% over the forecast period mentioned above. Rapid industrialization leading to the presence of large-scale producing bases for food & beverages, prescription drugs, and cosmetics is predicted to enhance the demand for the citric acid as an intermediate in many processes.
Increasing healthcare expenditure in addition to rising variety of ailments across the globe is predicted to enhance the demand for pharmaceuticals. The demand for citric acid in pharmaceutical applications was studied and calculated to be 153.1 kilo-tons in 2016 and is projected to progress in sync with the development of the pharmaceutical sector.
Get your customized report: https://www.marketdataforecast.com/market-reports/asia-pacific-citric-acid-market-3297/customize-report
As of now, Asia -Pacific accounted for the largest share of the market and is expected to be fast growing market due to factors such as rising consumer awareness regarding hygiene and cleanliness, particularly in developing economies like India & China, and is expected to bolster the growth of the detergents & cleaners market over the projected period.
The major market contributors for the Citric Acid market are Tate & Lyle plc, Archer Daniels Midland Company, Pfizer Inc., and Gadot Biochemical Industries.
The scope of the report provides:
• The evaluation of the current market for your product or services and the future implications of the market
• Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
• Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
• Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
• The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
• The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
• Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
• Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
• Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast
Abhishek shukla
Tel: 9985550206
Email us
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Market Data Forecast
Abhishek shukla
Tel: 9985550206
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results