Technavio Announces the Publication of its Research Report – Global Citric Acid Market 2017-2021
Technavio recognizes the following companies as the key players in the global citric acid market: Archer Daniels Midland, Cargill, COFCO Biochemical (Anhui), Gadot Biochemical Industries, and Jungbunzlauer Suisse.
Other Prominent Vendors in the market are: HUANGSHI XINGHUA BIOCHEMICAL, RZBC GROUP, Citrique Belge, and Weifang Ensign Industry.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is health awareness and deficiencies among consumers. The health-conscious population has shifted its preference toward healthier ingredients, especially among consumers in Europe and the Americas. Nowadays, people are more concerned about their health due to allergies, diabetes, and obesity problems, and are following strict diet plans and shifting from unhealthy ingredients to healthier ones.”
According to the report, one of the major drivers for this market is growing demand for citric acids from detergents and cleaners. Citric acid is used to reduce the hardness of water and helps in foam formation. These properties of citric acid make it an integral component of soaps, detergents, and cleaning solutions. Owing to its acidic nature, citric acid removes grime and dirt spots from fabrics and surfaces. In addition, because of its non-corrosive, non-toxic, and biodegradable properties, citric acid is preferred in detergents used in the cleaning application. These features are increasing the demand for citric acid in household and laundry detergent applications.
Further, the report states that one of the major factors hindering the growth of this market is potential substitute: lactic acid. Lactic acid is emerging as a potential substitute for citric acid in various applications in the food and beverage industry such as meat products, frozen food products, dairy, confectioneries, snacks, soft drink, beer, fruit juices, pickles, cheese, and dried food casein.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- http://www.technavio.com/report/global-specialty-chemicals-global-citric-acid-market-2017-2021
Technavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit- http://www.technavio.com/industries/specialty-chemicals
Follow us on Twitter @ Technavio
Technavio recognizes the following companies as the key players in the global citric acid market: Archer Daniels Midland, Cargill, COFCO Biochemical (Anhui), Gadot Biochemical Industries, and Jungbunzlauer Suisse.
Other Prominent Vendors in the market are: HUANGSHI XINGHUA BIOCHEMICAL, RZBC GROUP, Citrique Belge, and Weifang Ensign Industry.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is health awareness and deficiencies among consumers. The health-conscious population has shifted its preference toward healthier ingredients, especially among consumers in Europe and the Americas. Nowadays, people are more concerned about their health due to allergies, diabetes, and obesity problems, and are following strict diet plans and shifting from unhealthy ingredients to healthier ones.”
According to the report, one of the major drivers for this market is growing demand for citric acids from detergents and cleaners. Citric acid is used to reduce the hardness of water and helps in foam formation. These properties of citric acid make it an integral component of soaps, detergents, and cleaning solutions. Owing to its acidic nature, citric acid removes grime and dirt spots from fabrics and surfaces. In addition, because of its non-corrosive, non-toxic, and biodegradable properties, citric acid is preferred in detergents used in the cleaning application. These features are increasing the demand for citric acid in household and laundry detergent applications.
Further, the report states that one of the major factors hindering the growth of this market is potential substitute: lactic acid. Lactic acid is emerging as a potential substitute for citric acid in various applications in the food and beverage industry such as meat products, frozen food products, dairy, confectioneries, snacks, soft drink, beer, fruit juices, pickles, cheese, and dried food casein.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- http://www.technavio.com/report/global-specialty-chemicals-global-citric-acid-market-2017-2021
Technavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit- http://www.technavio.com/industries/specialty-chemicals
Follow us on Twitter @ Technavio
