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    Citric Acid Non GMO Market Report

    Citric Acid Non GMO Market Report
    Report code - SR1248 Delivery - 2 Weeks
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    Citric Acid–Non-GMO Market Trends, Dynamics and Market Insights
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    Impact of COVID-19 on Citric Acid Non GMO Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Citric Acid Non GMO Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Citric Acid–Non-GMO Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of xx% during the forecast period.

    Figure: Citric Acid–Non-GMO Market Size, 2020-2026 (USD Billion)

    Citric-AcidľNon-GMO-Market-Forecast

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    What is citric acid?

    Citric acid is a fragile organic acid, which occurs in citrus fruits naturally. This acid is an intermediary in the acid cycle of citric in biochemistry, which arises in the metabolism of every organism of aerobic. Citric acid non-GMO is citric acid, which is not adjusted by transgenic technology or genetic engineering.

    Key Players

    Key players operating in the citric acid–non-GMO market are-

    • Alpha Chemicals (India)
    • Sucroal (Colombia)
    • American International Foods (US)
    • Captain Drake (US)
    • Citrique Belge (Belgium)
    • Ingredients (US)
    • Ingredientsonline (US)
    • Jungbunzlauer Suisse (Switzerland)
    • McBoeck (US)
    • Prinova (US)

    Market Dynamics

    The extensive applicability of citric acid non-GMO as a buffering agent, flavoring, and acidulant in several products of food and non-food industries is likely to boost market growth in the coming years. Usage of citric acid, which are emerging in cleansers and detergents for their eco-friendly and biodegradability properties further augment the market growth. However, citric acid non-GMO sometimes is proven to be allergic, due to the mold which is expected to hamper the market growth during the review period.

    Segment's Analysis

    Application Trends

    Based on application, the citric acid–non-GMO market is classified into food & beverage, cosmetics, medical, and others. The food & beverage segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. Citric acid non-GMO is widely used in the making of concentrated juices, drink mixes, preserves, soft drinks, and candy. It is a non-GMO product, due to its pH stabilizing properties, preservative, flavoring, sodium citrate, and citric acid, which are used in the manufacturing of foods and beverages, which further bolsters the segment growth. 

    Regional Trends

    By region, the North American market accounted for a significant share in 2020 and is expected to grow at a substantial CAGR in the following years. . People in North America are experiencing a digestive problem, which, in turn, is anticipated to boost the demand for citric acid non-GMO in food & beverage, thus positively impacting the regional market. Moreover, rising awareness among consumers regarding the use of citric acid non-GMO in food & beverage and pharmaceutical manufacturing to maintain digestive health further proliferates the regional market growth.

    COVID-19 Impact on Citric Acid–Non-GMO Market

    The COVID-19 outbreak has moderately affected the citric acid–non-GMO industry. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly which has resulted in supply chain disruption. Although, the food & beverages sector was less affected and there was a strong need for Citric Acid–Non-GMO for convenience foods, thus spurring the market growth amid the pandemic.

    Critical Questions Answered in the Report

    • What are the key trends in the citric acid–non-GMO market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the citric acid–non -GMO market?
    • What are the key strategies adopted by the major vendors to lead in the citric acid–non -GMO market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the citric acid-non-GMO market hopes to have the greatest opportunity to convert-

    • Citric Acid–Non-GMO vendors
    • Citric Acid–Non-GMO retailers
    • Food & beverages companies
    • Pharmaceutical companies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Alpha Chemicals (India), Sucroal (Colombia), American International Foods (US), Captain Drake (US), Citrique Belge (Belgium), Ingredients (US), Ingredientsonline (US), Jungbunzlauer Suisse (Switzerland), McBoeck (US), and Prinova (US) are among the key players in the citric acid non-GMO market.

    The food & beverage segment is expected to register a healthy CAGR in the citric acid non-GMO market in the coming years.

    North America is expected to grow at a substantial CAGR in the citric acid non-GMO market during the next five years.

    The extensive applicability of citric acid non-GMO as a buffering agent, flavoring, and acidulant in several products of food and non-food industries is the factor driving the growth of citric acid non-GMO market.

    Citric AcidľNon-GMO vendors, Citric AcidľNon-GMO retailers, Food & beverages companies, Pharmaceutical companies are the target audience in the citric acid non-GMO market.

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