(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Aug. 20, 2024 (GLOBE NEWSWIRE) -- The "North America Citric Acid market Report by Application (Food and Beverages, Household Detergents and Cleaners, Pharmaceuticals, and Others), Form (Anhydrous, Liquid), and Country 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The North America citric acid market size reached 595,300 Tons in 2023 and is forecast to reach 792,540 Tons by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2023-2032.
Citric acid (C6H8O7), is a commodity chemical which occurs naturally in citrus fruits such as lemons and oranges. To produce citric acid synthetically, cultures of Aspergillus niger fungus are fed on sucrose or glucose-containing medium. As it is rich in antioxidants, it aids in protecting against diseases and acts as an alkalizing agent for decreasing acidity in the human body. Owing to these benefits, citric acid is used as an acidulant in the food and beverage industry. It is also utilized in the production of soaps and detergents, pharmaceuticals, shampoos and conditioners, cosmetics, lubricants, and animal feed.
North America represents one of the largest markets for citric acid in the world. Citric acid and its derivatives are primarily employed in the food and beverage industry for controlling the growth of microorganisms, providing sourness and tartness, and enhancing flavors. Apart from this, the demand for citric acid in the detergents and cleaning agents has increased owing to the prohibition of phosphate in their manufacturing by governing authorities in different countries of North America. Furthermore, usage of citric acid in the pharmaceutical industry for manufacturing digestive medicines is also expected to spur the demand in the upcoming years.
Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the North America citric acid market report, along with forecasts at the regional and country levels from 2024-2032. The report has categorized the market based on application and form.
Key Regions Analyzed Analysis for Each Country
Market by Application
Food and Beverages Household Detergents and Cleaners Pharmaceuticals Others
Market by Form
Market by Imports and Exports
Value Chain Analysis
Key Drivers and Challenges Porters Five Forces Analysis PESTEL Analysis Government Regulations Competitive Landscape Competitive Structure
Key Player Profiles
This latest report provides a deep insight into the North America citric acid market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc.
This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America citric acid market in any manner.
Key Questions Answered in This Report:
How has the North America citric acid market performed so far and how will it perform in the coming years? What are the key regions in the North America citric acid market? What has been the impact of COVID-19 on the North America citric acid market? What is the breakup of the North America citric acid market on the basis of application? What is the breakup of the North America citric acid market on the basis of form? What are the various stages in the value chain of the North America citric acid industry? What are the key driving factors and challenges in the North America citric acid industry? What is the structure of the North America citric acid industry and who are the key players? What is the degree of competition in the North America citric acid industry? What are the profit margins in the North America citric acid industry?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 125 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value in 2023 | 595300 Tons |
| Forecasted Market Value by 2032 | 792540 Tons |
| Compound Annual Growth Rate | 3.2% |
| Regions Covered | North America |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Physical and Chemical Properties
4.3 Key Industry Trends
5 Global Citric Acid Market
5.1 Market Performance
5.2 Market Breakup by Application
5.3 Market Breakup by Form
5.4 Market Breakup by Region
5.5 Market Forecast
6 North America Citric Acid Market
6.1 Market Performance
6.2 Impact of COVID-19
6.3 Market Forecast
7 North America Citric Acid Market: Breakup by Application
7.1 Food and Beverages
7.2 Household Detergents and Cleaners
7.3 Pharmaceuticals
7.4 Others
8 North America Citric Acid Market: Breakup by Form
8.1 Anhydrous
8.2 Liquid
9 North America Citric Acid Market: Breakup by Country
9.1 United States
9.2 Canada
10 Imports and Exports
11 SWOT Analysis
12 Value Chain Analysis
12.1 Overview
12.2 Input Suppliers
12.3 Farmers
12.4 Collectors
12.5 Manufacturers
12.6 Distributors
12.7 Exporters
12.8 Retailers
12.9 End-Users
13 Porter's Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
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North American Citric Acid Market
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