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Global Citric Acid Market Size study, byForms (Anhydrous citric acid, Liquid citric acid) by Functions (Acidulate, Preservative, Antioxidant, Sequestrate) by Applications (Food (Beverages, Confectioneries, Convenience food product, Dairy products), Pharmaceuticals & personal care, Others)and Regional Forecasts 2021-2027

  • BIZ4412163
  • 200 Pages
  • May 2021
  • Materials and Chemicals
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Global Citric Acid Market is valued approximately USD 2.55million in 2020 and is anticipated to grow with a healthy growth rate of more than 5.89% over the forecast period 2021-2027. Citric acid is a naturally occurring weak organic acid found in citrus fruits. It is commercially available through the fermentation medium and appears at ambient temperature as a white, odorless, and crystalline powder. The expanding use of ingredients in the manufacture of chemicals is expected to drive the global citric acid market forward. Because of the current consumer preference for organic food and beverages, the use of citric acid as a natural flavoring agent has increased significantly. This is one of the key citric acid market trends that is propelling the market forward. Thus, rising demand for natural food additives is expected to boost the citric acid market over the forecast period. Increasing urbanization and lifestyle shifts, particularly in developing markets, are driving increased demand for sophisticated household products, which is expected to drive the global citric acid market size. The demand is growing as people become more conscious of citric acid-based pharmaceuticals and foods and beverages. In order to expand their presence, a range of foreign market players are building offices and plants. Pfizer, for example, opened a new pharmaceutical manufacturing plant in January 2017.However, one of the most serious challenges facing the global citric acid market is excessive citric acid consumption. This may result in side effects such as abdominal pain, nausea, vomiting, and diarrhea.Also, another useful property of citric acid is its ability to aid digestion. Many people all over the world suffer from digestive problems, so increasing demand for citric-acid-based foods and beverages is a business opportunity.

North America and Europe recorded for more than 40% of the global citric acid market penetration, while Asia Pacific is expected to grow at a significant CAGR of 6.6 percent during the forecast period. The existence of a large food and beverage industry in these regions is expected to drive the global citric acid market size. The rising demand for organic food additives in these regions is expected to boost the market further.

Major market player included in this report are:

Archer-Daniels-Midland Company

Cargill, Incorporated

Tate & Lyle PLC

JungbunzlauerSusisse AG

COFCO Biochemical Co., Ltd.

Huangshi Xinghua Biochemical Co., Ltd.

RZBC Group Co., Ltd.

Weifang Ensign Industry Co., Ltd

Gadot Biochemical Industries Limited

S.A. CitriqueBelge N.V.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

ByForms:

Anhydrous citric acid

Liquid citric acid

ByFunctions:

Acidulant

Preservative

Antioxidant

Sequestrant

By Application:

Food

• Beverages

• Confectioneries

• Convenience food products

• Dairy products

Pharmaceuticals & personal care

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027

Target Audience of the Global Citric AcidMarket in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1.Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Million)

1.2.1. Citric Acid Market, by Region, 2019-2027 (USD Million)

1.2.2. Citric Acid market, by Forms,2019-2027 (USD Million)

1.2.3. Citric Acid market, by Functions, 2019-2027 (USD Million)

1.2.4. Citric Acid Market, by Applications , 2019-2027 (USD Million)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Citric Acid market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Citric Acid market Dynamics

3.1. Citric Acid Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Expanding use of ingredients

3.1.1.2. Consumer preferences

3.1.1.3. Rising demand for natural food additives

3.1.1.4. Increasing urbanization and lifestyle shift

3.1.2. Market Challenges

3.1.2.1. Excessive use is hazardous to health

3.1.3. Market Opportunities

3.1.3.1. Ability to aid digestion

Chapter 4. Global Citric Acid market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Citric Acid market, by Forms

5.1. Market Snapshot

5.2. Global Citric Acid market by Forms, Performance - Potential Analysis

5.3. Global Citric Acid Market Estimates & Forecasts by Forms2018-2027 (USD Million)

5.4. Citric Acid market, Sub Segment Analysis

5.4.1. Anhydrous citric acid

5.4.2. Liquid citric acid

Chapter 6. Global Citric Acid market, by Functions

6.1. Market Snapshot

6.2. Global Citric Acid Market by Functions, Performance - Potential Analysis

6.3. Global Citric Acid Market Estimates & Forecasts by Functions2018-2027 (USD Million)

6.4. Citric Acid market, Sub Segment Analysis

6.4.1. Acidulant

6.4.2. Preservative

6.4.3. Antioxidant

6.4.4. Sequestrant

Chapter 7. Global Citric Acid Market, by Applications

7.1. Market Snapshot

7.2. Global Citric Acid Market by Applications , Performance - Potential Analysis

7.3. Global Citric Acid Market Estimates & Forecasts by Applications 2018-2027 (USD Million)

7.4. Citric Acid Market, Sub Segment Analysis

7.4.1. Food

7.4.2. Pharmaceuticals & personal care

7.4.3. Others

Chapter 8. Global Citric Acid market, Regional Analysis

8.1. Citric Acid market, Regional Market Snapshot

8.2. North America Citric Acid market

8.2.1. U.S.Citric Acid market

8.2.1.1. Formsbreakdown estimates & forecasts, 2018-2027

8.2.1.2. Functionsbreakdown estimates & forecasts, 2018-2027

8.2.1.3. Applications breakdown estimates & forecasts, 2018-2027

8.2.2. CanadaCitric Acid Market

8.3. Europe Citric Acid market Snapshot

8.3.1. U.K. Citric Acid Market

8.3.2. Germany Citric Acid Market

8.3.3. France Citric Acid Market

8.3.4. Spain Citric Acid Market

8.3.5. Italy Citric Acid Market

8.3.6. Rest of EuropeCitric Acid Market

8.4. Asia-PacificCitric Acid market Snapshot

8.4.1. China Citric Acid Market

8.4.2. India Citric Acid Market

8.4.3. JapanCitric Acid Market

8.4.4. Australia Citric Acid Market

8.4.5. South Korea Citric Acid Market

8.4.6. Rest of Asia PacificCitric Acid Market

8.5. Latin America Citric Acid market Snapshot

8.5.1. Brazil Citric Acid Market

8.5.2. Mexico Citric Acid Market

8.6. Rest of The World Citric Acid Market

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies

9.2. Company Profiles

9.2.1. Archer-Daniels-Midland Company

9.2.1.1. Key Information

9.2.1.2. Overview

9.2.1.3. Financial (Subject to Data Availability)

9.2.1.4. Product Summary

9.2.1.5. Recent Developments

9.2.2. Cargill, Incorporated

9.2.3. Tate & Lyle PLC

9.2.4. JungbunzlauerSusisse AG

9.2.5. COFCO Biochemical Co., Ltd.

9.2.6. Huangshi Xinghua Biochemical Co., Ltd.

9.2.7. RZBC Group Co., Ltd.

9.2.8. Weifang Ensign Industry Co., Ltd.

9.2.9. Gadot Biochemical Industries Limited

9.2.10. S.A. CitriqueBelge N.V.

Chapter 10. Research Process

10.1. Research Process

10.1.1. Data Mining

10.1.2. Analysis

10.1.3. Market Estimation

10.1.4. Validation

10.1.5. Publishing

10.2. Research Attributes

10.3. Research Assumption

List of Tables

TABLE 1. Global Citric Acid market, report scope

TABLE 2. Global Citric Acid market estimates & forecasts by Region 2018-2027 (USD Million)

TABLE 3. Global Citric Acid market estimates & forecasts byForms2018-2027 (USD Million)

TABLE 4. Global Citric Acid market estimates & forecasts byFunctions2018-2027 (USD Million)

TABLE 5. Global Citric Acid market estimates & forecasts by Applications 2018-2027 (USD Million)

TABLE 6. Global Citric Acid market by segment, estimates & forecasts, 2018-2027 (USD Million)

TABLE 7. Global Citric Acid market by region, estimates & forecasts, 2018-2027 (USD Million)

TABLE 8. Global Citric Acid market by segment, estimates & forecasts, 2018-2027 (USD Million)

TABLE 9. Global Citric Acid market by region, estimates & forecasts, 2018-2027 (USD Million)

TABLE 10. Global Citric Acid market by segment, estimates & forecasts, 2018-2027 (USD Million)

TABLE 11. Global Citric Acid market by region, estimates & forecasts, 2018-2027 (USD Million)

TABLE 12. Global Citric Acid market by segment, estimates & forecasts, 2018-2027 (USD Million)

TABLE 13. Global Citric Acid market by region, estimates & forecasts, 2018-2027 (USD Million)

TABLE 14. Global Citric Acid market by segment, estimates & forecasts, 2018-2027 (USD Million)

TABLE 15. Global Citric Acid market by region, estimates & forecasts, 2018-2027 (USD Million)

TABLE 16. U.S. Citric Acid market estimates & forecasts, 2018-2027 (USD Million)

TABLE 17. U.S. Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 18. U.S. Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 19. Canada Citric Acid market estimates & forecasts, 2018-2027 (USD Million)

TABLE 20. Canada Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 21. Canada Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 22. UK Citric Acid market estimates & forecasts, 2018-2027 (USD Million)

TABLE 23. UK Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 24. UK Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 25. Germany Citric Acid market estimates & forecasts, 2018-2027 (USD Million)

TABLE 26. Germany Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 27. Germany Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 28. RoECitric Acid market estimates & forecasts, 2018-2027 (USD Million)

TABLE 29. RoECitric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 30. RoECitric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 31. China Citric Acid market estimates & forecasts, 2018-2027 (USD Million)

TABLE 32. China Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 33. China Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 34. India Citric Acid market estimates & forecasts, 2018-2027 (USD Million)

TABLE 35. India Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 36. India Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 37. Japan Citric Acid market estimates & forecasts, 2018-2027 (USD Million)

TABLE 38. Japan Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 39. Japan Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 40. RoAPACCitric Acid market estimates & forecasts, 2018-2027 (USD Million)

TABLE 41. RoAPACCitric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 42. RoAPACCitric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 43. Brazil Citric Acid market estimates & forecasts, 2018-2027 (USD Million)

TABLE 44. Brazil Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 45. Brazil Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 46. Mexico Citric Acid market estimates & forecasts, 2018-2027 (USD Million)

TABLE 47. Mexico Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 48. Mexico Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 49. RoLACitric Acid market estimates & forecasts, 2018-2027 (USD Million)

TABLE 50. RoLACitric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 51. RoLACitric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 52. Row Citric Acid market estimates & forecasts, 2018-2027 (USD Million)

TABLE 53. Row Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 54. Row Citric Acid market estimates & forecasts by segment 2018-2027 (USD Million)

TABLE 55. List of secondary sources, used in the study of global Citric Acid market

TABLE 56. List of primary sources, used in the study of global Citric Acid market

TABLE 57. Years considered for the study

TABLE 58. Exchange rates considered

 
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