North America Citric Acid Market Expected to Grow with a CAGR of 3.5% During the Forecast Period, 2019-2024 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "North America Citric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The publisher expects the market to reach a volume of 750,000 Tons by 2024, registering a CAGR of 3.5% during 2019-2024.

The North America citric acid market reached a volume of 610,000 Tons in 2018. 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. Further, usage of citric acid in the pharmaceutical industry for manufacturing digestive medicines is also expected to spur the demand in the upcoming years.

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 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?

Report Coverage:

• Base Year Considered: 2018
• Historical Data Coverage: 2013-2018
• Market Forecast: 2019-2024
• Currency: US$
• Geography Covered: North America, United States and Canada
• Segments Covered: Application, Form and Imports & Exports

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting 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 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

9.1.1 Historical market Trends

9.1.2 Market Breakup by Application

9.1.3 Market Breakup by Form

9.1.4 Market Forecast

9.2 Canada

10 Imports and Exports

10.1 Imports

10.2 Exports

11 SWOT Analysis

11.1 Overview

11.2 Strengths

11.3 Weaknesses

11.4 Opportunities

11.5 Threats

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

13.1 Overview

13.2 Bargaining Power of Buyers

13.3 Bargaining Power of Suppliers

13.4 Degree of Rivalry

13.5 Threat of New Entrants

13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/p2yq94