North America Citric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

North America Citric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • December 2019 •
  • 88 pages •
  • Report ID: 5834357 •
  • Format: PDF
The North America citric acid market reached a volume of 610,000 Tons in 2018.

Citric acid (C6H8O7), is a commodity chemical which occurs naturally in citrus fruits such as lemons and oranges. To produce citric acid synthetically, cultures of Aspergillus niger fungus are fed on sucrose or glucose-containing medium. As it is rich in antioxidants, it aids in protecting against diseases and acts as an alkalizing agent for decreasing acidity in the human body. Owing to these benefits, citric acid is used as an acidulant in the food and beverage industry. It is also utilized in the production of soaps and detergents, pharmaceuticals, shampoos and conditioners, cosmetics, lubricants, and animal feed.

North America represents one of the largest markets for citric acid in the world. Citric acid and its derivatives are primarily employed in the food and beverage industry for controlling the growth of microorganisms, providing sourness and tartness, and enhancing flavors. Apart from this, the demand for citric acid in the detergents and cleaning agents has increased owing to the prohibition of phosphate in their manufacturing by governing authorities in different countries of North America. Further, usage of citric acid in the pharmaceutical industry for manufacturing digestive medicines is also expected to spur the demand in the upcoming years. Looking forward, the analyst expects the market to reach a volume of 750,000 Tons by 2024, registering a CAGR of 3.5% during 2019-2024.

Report Scope:
North America Citric Acid Market
Key Regions Analyzed
United States
Canada

Analysis for Each Country
Market by Application
Food and Beverages
Household Detergents and Cleaners
Pharmaceuticals
Others

Market by Form
Anhydrous
Liquid

Market by Imports and Exports
Imports
Exports

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles

Key Questions Answered in This Report:
How has the North America citric acid market performed so far and how will it perform in the coming years?
What are the key regions in the North America citric acid market?
What is the breakup of the North America citric acid market on the basis of application?
What is the breakup of the North America citric acid market on the basis of form?
What are the various stages in the value chain of the North America citric acid industry?
What are the key driving factors and challenges in the North America citric acid industry?
What is the structure of the North America citric acid industry and who are the key players?
What is the degree of competition in the North America citric acid industry?
What are the profit margins in the North America citric acid industry?

Report Coverage:
Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Currency: US$
Geography Covered: North America, United States and Canada
Segments Covered: Application, Form and Imports & Exports

This latest report provides a deep insight into the North America citric acid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America citric acid market in any manner.

Report Customization: Although the analyst has tried to cover everything in the North America citric acid market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.