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  • Asia Pacific Citric Acid Market has been estimated to reach USD 1.11 billion by 2021

    (Transportation-News.com, January 10, 2018 ) Asia Pacific Citric Acid Market has been estimated at USD 0.81 billion in 2016 and is projected to reach USD 1.11 billion by 2021, at a CAGR of 6.4 % during the forecast period from 2016 to 2021. The Asia-Pacific Citric Acid market is showcasing significant potential in the mentioned forecast period.
    Citric acid is an organic acid found in citrus fruits. It is mainly used as acidulant to add sour taste to soft drinks and foods and also used as preservative in various kinds of processed foods. It can also be used in the manufacturing of various detergents and cleaners, pharmaceuticals, industrial applications and personal care products.

    View full report @ http://www.marketdataforecast.com/market-reports/asia-pacific-citric-acid-market-3297/

    Citric acid market is driven by factors like wide applicability of citric acid as an acidulant, emulsifier, preservative, sequestrant, flavorant, and buffering agent in various products of non-food and food industries. Rising applications of citric acid in detergents and cleansers for their biodegradability and other ecofriendly properties are also key driving factors of market. However, these manufacturers face strong competition from inter and intra market peers. This acts as one of the major restraint restricting the market.

    The Asia-Pacific market for Citric Acid is segmented on the basis of form, application, Function and grade. The market segmentation on the basis of form is done under Anhydrous and Liquid. Based on application, market is further segmented into Food, Pharmaceuticals & Cosmetics, Reagents and Others, where food segment is further segmented into Beverages, Confectionaries, Convenience food products, Dairy products. Of which, Convenience food products segment is further segmented into Creams, fats and fillings, Soups and Sauces, oils. The market segmentation based on function is done under Acidulant, Antioxidant, Preservative, and Sequestrant. On the basis of grade, market is further segmented into Pharmaceutical, Industrial. Food segment dominates the market with around three fourths of the share.

    On the basis of geography, the Asia-Pacific market is analyzed under various regions namely China, India, Australia, Japan and South Korea. Asia-Pacific position can be attributed to China being major exporter and consumer of citric acid.Some of the major companies dominating the market, by their products and services include Tate & Lyle plc, Archer Daniels Midland Company, Pfizer Inc., and Gadot Biochemical Industries.

    Download free sample @ http://www.marketdataforecast.com/market-reports/asia-pacific-citric-acid-market-3297/request-sample

    Market Segmentation

    1)Form
    Introduction
    Anhydrous and
    Liquid
    Y-o-Y Growth Analysis, By Form
    Market Attractiveness Analysis, By Form
    Market Share Analysis, By Form

    2) Application
    Introduction
    Food Products
    Beverages
    Confectionaries
    Convenience food products
    Creams, fats and fillings
    Soups and Sauces
    oils
    Diary products
    Pharmaceuticals, and Cosmetics
    Reagents
    Others
    Y-o-Y Growth Analysis, By Application
    Market Attractiveness Analysis, By Application
    Market Share Analysis, By Application

    3)Function
    Introduction
    Acidulant
    Antioxidant
    Preservative
    Sequestrant
    Y-o-Y Growth Analysis, By Function
    Market Attractiveness Analysis, By Function
    Market Share Analysis, By Function

    4)Grade
    Introduction
    Pharmaceutical
    Industrial
    Y-o-Y Growth Analysis, By Grade
    Market Attractiveness Analysis, By Grade
    Market Share Analysis, By Grade

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