According to the latest report by IMARC Group, titled, “Citric Acid Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“,The India citric acid market is expected to grow at a CAGR of X% during 2021-2026.
Citric acid refers to a natural compound present in citrus fruits, such as lemon, oranges, grapefruits, pomelos, etc. Characterized by a sour taste, citric acid is used as a flavoring and preserving agent in the food industry. It is utilized for several purposes, including controlling the growth of microorganisms and manufacturing personal care products and cosmetics. Additionally, citric acid is also used for producing numerous medicines and health supplements to improve metabolism and enhance nutrient absorption in the human body.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
India Citric Acid Market Trends:
The increasing adoption of citric acid in household cleaners, including detergents, dish soaps, rust remover products, etc., is primarily driving the Europe citric acid market. Furthermore, the elevating demand for ready-to-drink beverages on account of continuous economic growth, busy lifestyles, and inflating disposable incomes is acting as another growth-inducing factor. Besides this, the growing adoption of citric acid as an additive in several food items, such as canned fruits and vegetables, along with a significant growth in the food and beverage industry are expected to fuel the citric acid market across India.
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India Citric Acid Market 2021-2026 Analysis and Segmentation:
The report has segmented the market on the basis on application and form.
Breakup by Application:
- Food and Beverages
- Household Detergents and Cleaners
Breakup by Form:
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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