According to the latest report by IMARC Group, titled, “China Citric Acid Market : Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″,The China citric acid market size reached 319,610 Tons in 2021. Looking forward, IMARC Group expects the market to reach 414,500 Tons by 2027, exhibiting a growth rate (CAGR) of 4.34% during 2022-2027
Citric acid refers to a weak organic tricarboxylic acid that is generally found in various citrus fruits, such as lemon, oranges, grapefruits, etc. Soluble in water, dimethyl sulfoxide, alcohol, and ethyl acetate, it is widely used in the food industry as a flavoring and preserving agent. Citric acid is utilized for numerous industrial purposes, including providing pH adjustment, manufacturing medicines and personal care products, controlling the growth of microorganisms, etc. Besides this, it is also used in the formulation of different drugs and health supplements as it aids in enhancing metabolism and improving nutrient absorption in the body.
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China Citric Acid Market Trends:
The expanding pharmaceutical industry and rising M&A activities by several key manufacturers to create various growth opportunities are driving the China citric acid market. Apart from this, the growing adoption of citric acid in household cleaners, including detergents, dish soaps, rust remover products, etc., is further propelling the market growth. Additionally, expanding product demand as an additive in the food and beverage sector, along with the risinginclination towards processed and ready-to-eat foods, isalso anticipated to bolster the China citric acid market over the forecasted period.
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China Citric Acid Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis on application and form.
Breakup by Application:
- Food and Beverages
- Household Detergents and Cleaners
Breakup by Form:
Breakup by Region:
- North and Northeast
- South Central
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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