According to the latest report by IMARC Group, titled "China Citric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028"The China citric acid market size reached 334,000 Tons in 2022. Looking forward, IMARC Group expects the market to reach 432,300 Tons by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
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.
China Citric Acid Market Trends:
The expanding pharmaceutical industry and rising MA 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. Furthermore, rising product demand as an additive in the food and beverage sector, as well as a growing preference for processed and ready-to-eat foods, are expected to boost the China citric acid market over the forecasted period.
Request a Free Sample Report: https://www.imarcgroup.com/china-citric-acid-market/requestsample
China Citric Acid Market 2023-2028 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
- Pharmaceuticals
- Others
Breakup by Form:
- Anhydrous
- Liquid
Breakup by Region:
- North and Northeast
- Northwest
- East
- South Central
- Southwest
Ask Analyst for Customization and Explore Full Report with TOC List of Figure: https://www.imarcgroup.com/china-citric-acid-market
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC's information products include
major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele , ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www .imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
