Global Citric Acid Industry Report: Analysis and Forecast 2022-2027
Global Citric Acid Industry Report: Analysis and Forecast 2022-2027 Citric Acid Industry by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices The global citric acid market reached a volume of about 2.47 million tonnes in 2021. The industry is projected to grow at a CAGR of around 4% in the forecast period of 2022-2027 to reach a volume of about 3.03 million tonnes by 2027. The global citric acid industry includes a detailed analysis of the industry's major segments, trends, drivers, restraints, competitive landscape, and other important market factors. Citric acid is commonly used in the packaging of food and beverage items. In the food and non-food industries, it is used as a preservative, acidulant, antioxidant, buffering, and binding agent, propelling the industry forward. The highest category spender by region—Europe—is the important demand indicator. Citric Acid: Industry Definition and Segmentation Scope Citric acid is ...