Asia Pacific is projected to grow at the fastest estimated CAGR of 7.9% from 2015 to 2022 in terms of revenue. China is the single largest Industry for citric acid which accounts for more than 30% of the global production. It is also projected to remain a major exporter of citric acid. Of the six largest citric acid producers, four of them produce citric acid solely in China. Companies Jungbunzlauer and Anhui COFCO Biochemical operates in more than one country. These companies target global export as well as domestic end use applications.
Browse Full Report at http://www.credenceresearch.com/report/citric-acid-market
North America is the second largest Industry for citric acid and is projected to grow at a CAGR of 5.2% from 2015 to 2022 in terms of volume. In this region, food and beverages is the major end use application for citric acid in spite of flat to negative growth of carbonated soft drink Industry in the U.S. and Canada. Europe is the largest Industry for citric acid in terms of volume and revenue as well. It accounts for 40% share of the Industry in volume and revenue. Western Europe is the most mature Industry where as Eastern Europe offers huge untapped opportunities.
The utilization of citric acid in the various industries in economies such as Saudi Arabia, Turkey, and Egypt has increased significantly in the past five years. There is huge demand potential for citric acid in food and beverages industries in these regions. With new food and beverages industries setting up in these countries, additional demand for citric acid will be created. At present, demand for citric acid in these countries is met through import mainly from Europe and China. In 2010, the total import of citric acid in the KSA, Syria, UAE, Turkey, Pakistan and Egypt was approximately 84,256 tons.
Tate & Lyle PLC, Archer Daniels Midland, Jungbunzlauer Suisse AG, Weifang Ensign Industry Co., Ltd., RZBC Group Co. Ltd. Among others are some of the major players present in this Industry.
Request Free Sample : http://www.credenceresearch.com/sample-request/57758
About Us:
Credence Research is a worldwide Industry research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Credence Research is a worldwide Industry research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Media Contact
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
No comments:
Post a Comment