The global citric acid market to grow at a CAGR of 5.89% during the period 2017-2021.
The report, Global Citric Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is health awareness and deficiencies among consumers. The health-conscious population has shifted its preference toward healthier ingredients, especially among consumers in Europe and the Americas. Nowadays, people are more concerned about their health due to allergies, diabetes, and obesity problems, and are following strict diet plans and shifting from unhealthy ingredients to healthier ones.
According to the report, one of the major drivers for this market is growing demand for citric acids from detergents and cleaners. Citric acid is used to reduce the hardness of water and helps in foam formation. These properties of citric acid make it an integral component of soaps, detergents, and cleaning solutions. Owing to its acidic nature, citric acid removes grime and dirt spots from fabrics and surfaces. In addition, because of its non-corrosive, non-toxic, and biodegradable properties, citric acid is preferred in detergents used in the cleaning application. These features are increasing the demand for citric acid in household and laundry detergent applications.