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The India citric acid market reached a volume of 80,800 Metric Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Citric acid is naturally found in citrus fruits, such as lemon, oranges, grapefruits, and pomelos. Apart from this, it can also be synthetically manufactured using aspergillus niger, a fungus, through the process of fermentation. Characterized by a sour taste, it is utilized in the food industry as a flavoring and preserving agent. Apart from this, citric acid is also used for a vast array of purposes, including controlling the growth of microorganisms and manufacturing personal care products and cosmetics. Additionally, it is also used for manufacturing numerous medicines and health supplements to improve metabolism and enhance nutrient absorption in the human body.
The market in India is primarily driven by significant growth in the pharmaceutical sector. Along with this, multiple key players across the country are engaging in merger and acquisitions (M&A) activities to create numerous growth opportunities in the market. Some of the other factors contributing to the market growth include the rising adoption of citric acid in the food and beverage industry, and extensive research and development (R&D) activities.
IMARC Group provides an analysis of the key trends in each sub-segment of the India citric acid market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on application and form.
Breakup by Application:
Breakup by Form:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Units||'000 Metric Tons|
|Segment Coverage||Application, Form, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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