Citric Acid Non GMO Market Report
Citric Acid–Non-GMO Market, By Type (Monohydrate Citric Acid, Anhydrous Citric Acid), By Application (Food & Beverage, Cosmetics, Medical, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global citric acid–non-GMO market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
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.
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.
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 operating in the citric acid–non-GMO market are-
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.
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.
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.
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.
Here is the list of the group of customers that the citric acid-non-GMO market hopes to have the greatest opportunity to convert-
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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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