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The China citric acid market is expected to grow at a CAGR of X% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Citric acid is a weak organic tricarboxylic acid that is generally found in citrus fruits, such as lemon, oranges, grapefruits, and pomelos. Soluble in water, dimethyl sulfoxide, alcohol and ethyl acetate, it is commonly utilized in the food industry as a flavoring and preserving agent. It is also utilized for a vast array of industrial purposes, such as providing pH adjustment, controlling the growth of microorganisms, and manufacturing medicines, personal care products, and cosmetics. Additionally, it is also used in the formulation of numerous medicines and health supplements as it aids in improving metabolism and enhancing nutrient absorption in the body.
The market in China is primarily driven by significant growth in the pharmaceutical industry. Along with this, multiple key players across the region are engaging in merger and acquisitions (M&A) activities to create numerous growth opportunities in the market. Apart from this, the widespread adoption of citric acid in the manufacturing of household cleaners, including detergents, dish soaps, and rust remover products, is also creating a positive outlook for the market across the country. Some of the other factors contributing to the market growth include significant growth in the food and beverage industry and extensive research and development (R&D) activities.
IMARC Group provides an analysis of the key trends in each sub-segment of the China citric acid market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on application and form.
Breakup by Application:
Breakup by Form:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2020 |
| Historical Period | 2015-2020 |
| Forecast Period | 2021-2026 |
| Units | ‘000 Tons |
| Segment Coverage | Application, Form, Region |
| Region Covered | North and Northeast, Northwest, East, South Central, Southwest |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the China citric acid market to exhibit a CAGR of 4.37% during 2021-2026.
The expanding pharmaceutical industry, along with the growing utilization of citric acid in the formulation of numerous medicines and health supplements, is primarily driving the China citric acid market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across China resulting in temporary shutdown of numerous end-use industries for citric acid.
Based on the application, the China citric acid market can be segmented into food and beverages, household detergents and cleaners, pharmaceuticals, and others. Among these, the food and beverages sector accounts for the majority of the total market share.
Based on the form, the China citric acid market can be categorized into anhydrous and liquid. Currently, anhydrous form holds the largest market share.
On a regional level, the market has been classified into North and Northeast, Northwest, East, South Central, and Southwest, where East China currently dominates the China market.
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