Chemical industry reports Citric Acid Market Size 2024

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Citric Acid Market Research Report - Global Industry Analysis,
Size, Growth and Forecast to 2024 | Hexa Research
“Global citric acid market size was estimated at USD
2.89 billion in 2016 and is expected to witness
significant growth on account of its extensive use in
numerous applications right from food & beverages to
metal finishing.”
The Global Citric Acid Market is expected to reach USD 5.73 billion by 2024 driven by its increasing use in
food & beverages and household detergents & cleaners. The growth of these end-use industries, particularly
in emerging economies of Asia Pacific region, is anticipated to boost the growth of the chemical over the
projected period.
The biobased and chelating characteristics of citric acid make it a viable solution to several toxic substances
used for manufacturing detergents & cleaners, especially for household purposes. Rising awareness regarding
cleanliness and hygiene is expected to augment the demand for detergents & cleaners, resulting in a volume
CAGR of 3.8% over the projected period.
Browse Details of Report@ https://www.hexaresearch.com/research-report/citric-acid-market
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