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The citric acid market size is forecast to increase by USD 2.78 billion at a CAGR of 9.45% between 2023 and 2028. The market's expansion hinges on various factors, notably the increasing need for citric acids in detergents and cleaners, driven by rising hygiene standards. Additionally, the surging popularity of convenience foods and beverages fuels the demand for sour salt as a preservative and food flavor and enhancer, catering to busy lifestyles. Citric acid's versatility across multiple industries, from pharmaceuticals to cosmetics, further propels market growth. Its ability to act as a chelating agent, pH adjuster, and antioxidant adds to its appeal. With consumers' inclination toward eco-friendly and natural products, citric acid's environmentally sustainable profile and biodegradability contribute significantly to its market expansion.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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