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Home Commodities

Citric Acid Market from Commodity Chemicals to grow by $ 1.86 Billion during 2021-2025

MtR by MtR
June 25, 2021
in Commodities
0


Request a Free Sample to Understand the Scope of the Report

The citric acid market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

Major Three Citric Acid Market Participants:

Archer Daniels Midland Co.: The company offers a wide range of citric acid products.

Cargill Inc.: The company offers liquid or anhydrous citric acid.

COFCO Corp.: The company is having businesses including Trading, Oils and oilseeds, Sugar, Meat, Tea, Biochemical, and Capital among many others. The company offers a wide range of citric acid products.

Citric Acid Market 2021-2025: Segmentation

Citric acid market is segmented as below:

  • Application
    • Food and Beverage
    • Pharmaceuticals and Personal Care Products
    • Detergents And Cleaners
    • Others
  • Geography
    • Europe
    • North America
    • APAC
    • MEA
    • South America

The citric acid market is driven by the growing demand for citric acids from detergents and cleaners. In addition, the versatile nature of citric acid is expected to trigger the citric acid market toward witnessing a CAGR of over 8% during the forecast period.

Get more insights into the global trends impacting the future of the citric acid market.
Request Free Sample @ 
https://www.technavio.com/talk-to-us?report=IRTNTR70595

Related Reports on Materials Include:

Global Tartaric Acid Market – Global tartaric acid market is segmented by Application (Wine, Food and beverages, Pharmaceuticals, and Others) and Geography (Europe, APAC, North America, South America, and MEA).
Request a Free Sample Report

Global Nitric Acid Market – Global nitric acid market is segmented by application (fertilizers and others) and geography (APAC, Europe, MEA, North America, and South America).
Request a Free Sample Report

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  • Market positioning of vendors
  • Competitive scenario

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About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Report: www.technavio.com/report/citric-acid-market-industry-analysis
Newsroom: newsroom.technavio.com/news/citric-acidmarket

SOURCE Technavio

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