The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter's Five Forces models.Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Citric acid represents a weak organic acid found in the juice of citrus fruits. It is widely used in the food and beverage (F&B) industry as an acidulant in carbonated soft drinks. Citric acid also helps to inhibit the growth of microorganisms, adjust pH in solutions, induce sourness, etc. It also finds applications in household detergents and cleaners, where it is utilized as a co-builder, mainly in concentrated liquid detergents that have zeolite builder systems, as citric acid provides a less harmful formulation than phosphates in water systems.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
GCC Citric Acid Industry Trends and Drivers:
The expanding F&B industry is among the primary factors driving the GCC citric acid market. In addition to this, the growing product usage in personal care items, adhesives, sealants, coatings, inks, plastics, polymers, pharmaceuticals, animal feed, etc., is further catalyzing the market growth. Moreover, the potency and chemical makeup of citric acid remain stable for a prolonged period of time, owing to which it finds widespread applications as a preservative, flavoring, and coloring agent. This, in turn, is acting as another significant growth-inducing factor. Besides this, the inflating awareness towards the adverse effects of incorporating chemicals in daily use items and the elevating need for organic variants are also propelling the product demand. Furthermore, the escalating popularity of ready-to-drink (RTD) beverages and processed food items is projected to stimulate the GCC citric acid market in the coming years.
Browse complete report with tables of contents and list of figures & tables: https://www.syndicatedanalytics.com/gcc-citric-acid-market
GCC Citric Acid Segmentation:
The market is segmented in on the basis of type, end use and region.
Type
End use
Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape:
The report also provides insights on the competitive landscape of the citric acid market with the leading players profiled in the report.
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