(
EMAILWIRE.COM, January 23, 2018 ) The
North America Citric Acid Market is expected to reach USD 0.74 billion by 2021 from USD 0.58 billion in 2016, growing at a CAGR of 4.9 %. The North America Citric Acid market is forecasted to show great potential over the mentioned period.
Citric acid is an organic acid found in citrus fruits. It is mainly used as acidulant to add sour taste to soft drinks and foods and also used as preservative in various kinds of processed foods. It can also be used in the manufacturing of various detergents and cleaners, pharmaceuticals, industrial applications and personal care products.
View full report @
http://www.marketdataforecast.com/market-reports/north-america-citric-acid-market-3295/ Citric acid market is driven by factors like wide applicability of citric acid as an acidulant, emulsifier, preservative, sequestrant, flavorant, and buffering agent in various products of non-food and food industries. Rising applications of citric acid in detergents and cleansers for their biodegradability and other ecofriendly properties are also key driving factors of market. However, these manufacturers face strong competition from inter and intra market peers. This acts as one of the major restraint restricting the market.
The North America market for Citric Acid is segmented on the basis of form, application, Function and grade. The market segmentation on the basis of form is done under Anhydrous and Liquid. Based on application, market is further segmented into Food, Pharmaceuticals & Cosmetics, Reagents and Others, where food segment is further segmented into Beverages, Confectionaries, Convenience food products, Dairy products. Of which, Convenience food products segment is further segmented into Creams, fats and fillings, Soups and Sauces, oils. The market segmentation based on function is done under Acidulant, Antioxidant, Preservative, and Sequestrant. On the basis of grade, market is further segmented into Pharmaceutical, Industrial. Food segment dominates the market with around three fourths of the share. On the basis of geography, the North America market is analyzed under various regions namely United States and Canada.
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http://www.marketdataforecast.com/market-reports/north-america-citric-acid-market-3295/request-sample Some of the major companies dominating the market, by their products and services include Tate & Lyle plc, Archer Daniels Midland Company, Pfizer Inc., and Gadot Biochemical Industries
Market Segmentation
1)Form
Introduction
Anhydrous and
Liquid
Y-o-Y Growth Analysis, By Form
Market Attractiveness Analysis, By Form
Market Share Analysis, By Form
2) Application
Introduction
Food Products
Beverages
Confectionaries
Convenience food products
Creams, fats and fillings
Soups and Sauces
oils
Diary products
Pharmaceuticals, and Cosmetics
Reagents
Others
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
3) Function
Introduction
Acidulant
Antioxidant
Preservative
Sequestrant
Y-o-Y Growth Analysis, By Function
Market Attractiveness Analysis, By Function
Market Share Analysis, By Function
4)Grade
Introduction
Pharmaceutical
Industrial
Y-o-Y Growth Analysis, By Grade
Market Attractiveness Analysis, By Grade
Market Share Analysis, By Grade
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Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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