Home / Chemicals / Citric Acid Market By Application (Food & beverages, Pharmaceuticals, Household Detergents And Cleaners, Cosmetics, Industrial applications & others) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Citric Acid Market By Application (Food & beverages, Pharmaceuticals, Household Detergents And Cleaners, Cosmetics, Industrial applications & others) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Published: Mar 2016 | Report Code: 57758-03-16

Citric acid is the most widely used food acidulant. The acid and its derivatives are also ingredients in personal care products, pharmaceuticals, detergents and cleaners, and industrial applications.

Food safety, rising demand for innovative food and beverages product are some of the factors driving the market growth. Emergence of lactic acid as a substitutes to citric acid is one of the major factors inhibiting the market growth.  

Citric Acid Market 

 

Purpose of the Report

The purpose of this strategic research study titled “Global Citric Acid Market” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global citric acid market.

Target Audience

  • Industry investors
  • Raw material suppliers
  • Distributors
  • Manufacturers
  • Retailers
  • Companies who want to enter the market and companies who want to diversify their product portfolio

USP and Key Offerings

This report analyses the worldwide markets for citric acid in USD billion & million tons by the following application types – food & beverages, pharmaceuticals, household detergents and cleaners, cosmetics and industrial applications & others. The report provides separate comprehensive analytics for the North America, Europe, Asia-Pacific and Rest of World (RoW). Annual estimates and forecasts are provided for the period 2014 through 2022 and market growth rate is calculated from 2015 to 2022. Market data and analytics are derived from primary and secondary research. We have considered demand side approach of the market. Competitive analysis is primarily based on public domain information including company URLs and company annual report.

Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within citric acid market
  • Market drivers, market restraints, and their impact on the market growth
  • In-depth competitive analysis of players present in the market
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global citric acid market, of growth offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.5 Key Points

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Citric Acid Market

Chapter 3 Introduction
3.1 Introduction
3.2 Classification
3.3 Drivers
3.4 Restraints
3.5 Opportunities
3.6 Supply Chain
3.7 Porter’s five force analysis
3.7.1 Bargaining power of suppliers
3.7.2 Bargaining power of buyers
3.7.3 Threat of new entrants
3.7.4 Threat of substitutes
3.7.5 Degree of competition

Chapter 4 Global Citric Acid Market, Application Analysis
4.1 Global Citric Acid Market, by application type
4.2 Food & beverages
4.2.1 Global citric acid demand from food & beverages application, 2014 – 2022, (USD Billion), (Million Tons)
4.3 Pharmaceuticals
4.3.1 Global citric acid demand from pharmaceuticals application, 2014 – 2022, (USD Billion), (Million Tons)
4.4 Household detergents and cleaners
4.4.1 Global citric acid demand from household detergents and cleaners application, 2014 – 2022, (USD Billion), (Million Tons)
4.5 Cosmetics
4.5.1 Global citric acid demand from cosmetics application, 2014 – 2022, (USD Billion), (Million Tons)
4.6 Industrial applications & others
4.6.1 Global citric acid demand from industrial applications & others, 2014 – 2022, (USD Billion), (Million Tons)

Chapter 5 Global Citric Acid Market, Regional Analysis
5.1 Global Citric Acid Market, regional analysis, (2014 v/s 2022)
5.2 North America
5.2.1 US Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.2.1 Canada Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.2.1 Mexico Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.3 Europe
5.3.1 Germany Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.3.1 France Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.3.1 UK Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.3.1 Italy Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.3.1 Russia Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.3.1 Rest of Europe Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.4 Asia Pacific
5.4.1 Japan Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.4.1 China Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.4.1 India Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.4.1 Australia Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.4.1 Rest of Asia Pacific Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.5 RoW
5.5.1 Brazil Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.5.1 Rest of RoW Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)

Chapter 6 Competitive Analysis
6.1 Jungbunzlauer Suisse AG
6.2 Tate & Lyle PLC
6.3 Cofco Biochemical (Anhui) Co., Ltd.
6.4 Archer Daniels Midland Company
6.5 Huangshi Xinghua Biochemical Co.Ltd
6.6 RZBC Group Co. Ltd
6.7 Cargill
6.8 Weifang Ensign Industry Co., Ltd
6.9 S.A. Citrique Belge N.V
6.10 Gadot Biochemical Industries Ltd

Chapter 7 Conclusion

List of Figures

FIG. 1 Global Citric acid : Market Segmentation
FIG. 2 Global Citric Acid Market, by application type
FIG. 3 Global citric acid demand from food & beverages application, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 4 Global citric acid demand from pharmaceuticals application, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 5 Global citric acid demand from household detergents and cleaners application, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 6 Global citric acid demand from cosmetics application, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 7 Global citric acid demand from industrial applications & others, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 8 U.S. Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 9 Canada Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 10 Mexico Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 11 Germany Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 12 France Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 13 UK Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 14 Italy Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 15 Russia Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 16 Rest of Europe Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 17 Japan Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 18 China Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 19 India Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 20 Australia Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 21 Rest of Asia Pacific Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 22 Brazil Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 23 Rest of RoW Citric Acid Market, 2014 – 2022, (USD Billion), (Million Tons)

List of Tables

TABLE 1 Market Snapshot: Global Citric Acid Market
TABLE 2 North America Citric Acid Market, Strategic Snapshot
TABLE 3 North America Citric Acid market volume by region, 2014-2022, (Million Ton)
TABLE 4 North America Citric Acid market revenue by region, 2014-2022, (USD Billion)
TABLE 5 North America Citric Acid market volume by application type, 2014-2022, (Million Tons)
TABLE 6 North America Citric Acid market revenue by application type, 2014-2022, (USD Billion)
TABLE 7 Europe Citric Acid Market, Strategic Snapshot
TABLE 8 Europe Citric Acid market volume by region, 2014-2022, (Million Ton)
TABLE 9 Europe Citric Acid market revenue by region, 2014-2022, (USD Billion)
TABLE 10 Europe Citric Acid market volume by application type, 2014-2022, (Million Tons)
TABLE 11 Europe Citric Acid market revenue by application type, 2014-2022, (USD Billion)
TABLE 12 Asia Pacific Citric Acid Market, Strategic Snapshot
TABLE 13 Asia Pacific Citric Acid market volume by region, 2014-2022, (Million Ton)
TABLE 14 Asia Pacific Citric Acid market revenue by region, 2014-2022, (USD Billion)
TABLE 15 Asia Pacific Citric Acid market volume by application type, 2014-2022, (Million Tons)
TABLE 16 Asia Pacific Citric Acid market revenue by application type, 2014-2022, (USD Billion)
TABLE 17 RoW Citric Acid Market, Strategic Snapshot
TABLE 18 RoW Citric Acid market volume by region, 2014-2022, (Million Ton)
TABLE 19 RoW Citric Acid market revenue by region, 2014-2022, (USD Billion)
TABLE 20 RoW Citric Acid market volume by application type, 2014-2022, (Million Tons)
TABLE 21 RoW Citric Acid market revenue by application type, 2014-2022, (USD Billion)
TABLE 22 Competitive Analysis

Food and beverages is one of the major applications of citric acid.  It is projected to grow at a CAGR of 7.5% in terms of revenue during 2015 to 2022. Population expansion, increased usage of beverages and increased purchasing power of consumers are the main demand drivers.

 

Citric Acid Market

With new food and beverages industries setting up globally, additional demand for citric acid will be created. Pharmaceuticals and cosmetics are the new emerging applications for citric acid and offer huge untapped opportunities. Household detergents and cleaners and industrial applications among others are projected to exhibit average growth rates during the forecast period.   

On the basis of geography, the global lactic acid market is segmented into following regions,

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia Pacific
  • Rest of the World
    • Brazil
    • Rest of RoW 

In 2014, Europe and North America together accounted for more than 65% of the market in terms of revenue and volume and projected to maintain their dominance in future. Asia Pacific is projected to be the fastest growing market at a CAGR of 7.9% from 2015 to 2022 in terms of revenue. China is not only the major consumer of citric acid but one of the major producers and exporters also.

Citric Acid Market 

 

RoW regions also offers huge market potential and is projected to grow at a CAGR of 5.5% from 2015 to 2022 in terms of volume. Countries such as Saudi Arabia, Egypt, UAE and Syria offers significant market opportunities.

Citric acid is a weak organic acid. Citric acid finds its applications in various end use industries such as food and beverages, pharmaceuticals, cosmetics, industrial applications, household detergent and cleansers, metal cleaning among others. Due to its versatile properties such as tart taste, chelating & buffering, low toxicity and preservative characteristics are responsible for its growing consumption in a wide range of applications. It is widely used as an acidulant in food and beverage industry. Citric acid is a versatile and safe alimentary additive. It is accepted worldwide as GRAS (generally recognized as safe), approved by the Joint FAO/WHO Expert Committee on Food Additives.

Rising demand for innovative food and beverage products with blend of different flavors.  Increasing popularity of convenience food and beverages such as packaged food, ready to drink beverages are the major factors driving the market growth. Emergence of lactic acid as a new substitute for citric acid and intense competition faced by manufacturers for sourcing raw materials are the factors inhibiting the market growth. However, there are huge growth potential in untapped market such as UAE, Egypt, KSA and Syria among others. Pharmaceuticals and cosmetics are two emerging applications of citric acid but shows huge growth potential over the coming six years.

Europe is the largest market for citric acid followed by North America. Both these regions accounted for two third of the market pie in 2014 and are projected to maintain their dominance over the next six years. Asia Pacific and RoW regions are projected to be the fastest growing markets. Increasing population, rise in spending power, development of new food and beverages industries setting up in these regions, additional demand for citric acid will be created. China is one of the single largest market for citric acid. It accounts for around 30% - 35% of worldwide production of citric acid. China is not only one of the largest producers but also one of the largest exporters. It accounts for 40% – 45% of worldwide exports of citric acid. Chinese suppliers sell their citric acid at lowest price possible in order to bring in hard currency and this has made extremely hard for European suppliers to compete.

To maintain their market position key players adopted different competitive strategies. While some adopted for new product development strategy to serve wide range of applications.  On the other hand some adopted for development of new technologies for production of citric acid which could help in cost reduction. Players on the regional level is targeting on the global as well as regional export markets. Global players are also focusing on acquiring players at the regional level to increase their market presence and to develop new customer base. Cargill, Archer-Daniels-Midland, Tate & Lyle PLC, COFCO Biochemical (AnHui) Co., Ltd., JUNGBUNZLAUER SUISSE AG, Weifang Ensign Industry Co., Ltd. and RZBC Group Co. Ltd are some of the major players present in this market.

Choose License Type
Connect With Us
+1-800-361-8290
24/7 Research Support

Credence Webinars

Join Credence analysts to explore the latest IT Trends

view upcoming webinars

Our Clients