Product Code: ETC130674 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Myanmar Citric Acid Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 4.68% in 2028, following an initial rate of -3.37%, before easing to 4.58% at the end of the period.
By 2027, Myanmar's Citric Acid market is forecasted to achieve a stable growth rate of 2.36%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The citric acid market in Myanmar is growing, primarily driven by its extensive use in the food and beverage industry as a preservative and flavoring agent. Additionally, the pharmaceutical and cosmetic industries` demand for citric acid as an ingredient in various products contributes to market growth. Local production and importation of citric acid are both pivotal to meeting the increasing domestic demand.
The Myanmar citric acid market is driven by the growing demand from the food and beverage industry, where citric acid is widely used as a preservative, flavor enhancer, and acidulant. The increasing consumption of processed and convenience foods boosts the demand for citric acid. Additionally, the pharmaceutical and cosmetics industries contribute to market growth, as citric acid is used in the formulation of various products. The rising awareness of the benefits of natural and organic ingredients further fuels the demand for citric acid. The expanding agricultural sector in Myanmar also supports market growth, as citric acid is used in the production of fertilizers and animal feed.
Challenges in the Myanmar Citric Acid Market are primarily due to the high dependency on imports and the lack of local production capabilities. The cost of importing citric acid makes it expensive for local industries, affecting the overall competitiveness of products that require this compound. Additionally, there are logistical issues related to transportation and storage, which can affect the quality and availability of citric acid. Limited research and development in alternative production methods also restrict market growth.
In response to growing demand in the food and beverage industry, the Myanmar government is supporting the production of citric acid. Policies include providing subsidies for the cultivation of citrus fruits and tax benefits for manufacturers of citric acid. Additionally, the government is promoting export-oriented production by reducing export duties and providing logistical support for international trade.
Myanmar Citric Acid |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Myanmar Citric Acid Market Overview |
3.1 Myanmar Country Macro Economic Indicators |
3.2 Myanmar Citric Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Myanmar Citric Acid Market - Industry Life Cycle |
3.4 Myanmar Citric Acid Market - Porter's Five Forces |
3.5 Myanmar Citric Acid Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Myanmar Citric Acid Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Myanmar Citric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Myanmar Citric Acid Market Trends |
6 Myanmar Citric Acid Market, By Types |
6.1 Myanmar Citric Acid Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Myanmar Citric Acid Market Revenues & Volume, By Form, 2021-2031F |
6.1.3 Myanmar Citric Acid Market Revenues & Volume, By Liquid, 2021-2031F |
6.1.4 Myanmar Citric Acid Market Revenues & Volume, By Powder, 2021-2031F |
6.2 Myanmar Citric Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Myanmar Citric Acid Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.3 Myanmar Citric Acid Market Revenues & Volume, By Food & beverages, 2021-2031F |
6.2.4 Myanmar Citric Acid Market Revenues & Volume, By Others, 2021-2031F |
7 Myanmar Citric Acid Market Import-Export Trade Statistics |
7.1 Myanmar Citric Acid Market Export to Major Countries |
7.2 Myanmar Citric Acid Market Imports from Major Countries |
8 Myanmar Citric Acid Market Key Performance Indicators |
9 Myanmar Citric Acid Market - Opportunity Assessment |
9.1 Myanmar Citric Acid Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Myanmar Citric Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Myanmar Citric Acid Market - Competitive Landscape |
10.1 Myanmar Citric Acid Market Revenue Share, By Companies, 2024 |
10.2 Myanmar Citric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |