Citric Acid Market 2015 - Global Forecasts to 2020 - Lactic Acid Emerging As A New Substitute For Citric Acid

Dublin, March 29, 2016 -- Research and Markets (http://www.researchandmarkets.com/research/m2wspr/citric_acid) has announced the addition of the "Citric Acid Market by Form, Application (Food, Pharmaceuticals, and Cosmetics), Function (Acidulant, Antioxidant, Preservative, and Sequestrant), and by Region (North America, Europe, Asia-Pacific, and RoW) - Global Forecast to 2020" report to their offering.

This report provides a complete analysis of the key companies and a chronology of developments with respect to new products, investments & expansion, acquisitions, and agreements. It also analyzes the market dynamics, price trends, and trade analysis, highlighting the key features for this market. The report also highlights key market drivers and restraints for the key regions of the world.

Citric acid is a weak organic acid that finds application in various industries such as food & beverage, animal feed, pharmaceutical, personal care & cosmetics, detergents & cleansers, textile, and construction, among others. Citric acid is widely used in the food & beverage industry as an acidulant.

The citric acid market is expected to witness significant growth in the food & beverage industry owing to increasing demand for processed and ready-to-eat food & beverage products. Versatile properties of citric acid such as low toxicity, tart taste, preservation, and chelating & buffering characteristics are responsible for its growing consumption in a wide range of applications.

Leading players such as Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Tate & Lyle PLC (U.K.) and JUNGBUNZLAUER SUISSE AG (Switzerland), COFCO Biochemical (AnHui) Co., Ltd. (China), HUANGSHI XINGHUA BIOCHEMICAL CO.LTD (China), and S.A. Citrique Belge N.V. (Belgium), among others have been profiled in the report.

To maintain a competitive edge in the citric acid market, the key players were observed to prefer new product development as a strategy to serve a broad range of industries. New technologies have initiated the emergence of innovative products that could help in cost reduction. Developing countries present a viable market for manufacturers, as these regions are emerging as potential markets with the availability of raw materials.

The global market for citric acid is projected to grow at competitive CAGRs of 5.5% and 5.2%, in terms of value and volume respectively, from 2015 to 2020. Europe led the market for citric acid in 2014, in terms of value and volume, owing to substantial growth in the processed food & beverage industry and high consumption of citric acid as a vital food additive. The market in the Asia-Pacific region is projected to grow at a higher rate as compared to the matured markets of developed economies.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Citric Acid Market, By Form

8 Citric Acid Market, By Application

9 Citric Acid Market, By Function

10 Citric Acid Market, By Grade

11 Citric Acid Market, By Region

11.2.4 Technological Factors

12 Company Profiles

- Archer Daniels Midland Company
- Cargill, Incorporated
- Cofco Biochemical (Anhui) Co., Ltd.
- Gadot Biochemical Industries Ltd.
- Huangshi Xinghua Biochemical Co.Ltd
- Jungbunzlauer Suisse Ag
- Rzbc Group Co. Ltd.
- S.A. Citrique Belge N.V.
- Tate & Lyle Plc
- Weifang Ensign Industry Co., Ltd.

For more information visit http://www.researchandmarkets.com/research/m2wspr/citric_acid

CONTACT: Research and Markets
         Laura Wood, Senior Manager
         [email protected]

         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900

         U.S. Fax: 646-607-1907
         Fax (outside U.S.): +353-1-481-1716

         Sector: Food Processing, Chemicals for the Semiconductor Industry