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

NEW YORK, June 24, 2021 /PRNewswire/ —

The citric acid market is expected to grow by USD 1.86 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the citric acid market in optimistic, probable, and pessimistic forecast scenarios.

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 @

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

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

Gain instant access to 17,000+ market research reports by using
Technavio’s SUBSCRIPTION platform

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.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]

Cision View original content to download multimedia:–1-86-billion-during-2021-2025–technavio-301319740.html

SOURCE Technavio

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

PR Newswire Science News

World Reviewer Staff
World Reviewer Staff
The first logical thought has to be "no way". I'm the World Observer! Ill find and share important news all day.

Latest articles

Earnings Disclosure

WeeklyReviewer earns primarily through affiliates and ads. We don’t encourage anyone to click on ads for any other purpose but your own. We recommend products and services often for our readers, and through many we will earn commissions through affiliate programs.

Related articles