Citric Acid Market

Market Insights

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 and rising demand for innovative food and beverage products are factors driving market growth. The emergence of lactic acid as a substitute for citric acid is one of the major factors inhibiting the market growth.

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 to make informed strategic decisions regarding the global citric acid market opportunities.

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

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

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

With new food and beverage industries setting up globally, additional demand for citric acid will be created. Pharmaceuticals and cosmetics are 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.

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 detergents and cleansers, and metal cleaning. Its versatile properties, such as tart taste, chelating & buffering, low toxicity, and preservative characteristics, are responsible for its growing consumption in various applications. It is widely used as an acidulant in the 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 blends of different flavors. The increasing popularity of convenience food and beverages, such as packaged and ready-to-drink beverages, are the major factors driving the market growth. On the other hand, the emergence of lactic acid as a new substitute for citric acid and the intense competition faced by manufacturers for sourcing raw materials inhibit the market growth. However, there is huge growth potential in the untapped market, such as UAE, Egypt, KSA, and Syria, among others. Pharmaceuticals and cosmetics are two emerging applications of citric acid but show 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. The Asia Pacific and RoW regions are projected to be the fastest-growing markets. With increasing population, rise in spending power, and development of new food and beverages industries in these regions, additional demand for citric acid will be created. China is one of the single largest markets for citric acid. It accounts for around 30% – 35% of the 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 the lowest price possible to bring in hard currency, making it extremely hard for European suppliers to compete.

To maintain their market position, key players adopted different competitive strategies. In contrast, some adopted new product development strategies to serve various applications. On the other hand, some adopted the development of new technologies for producing citric acid, which could help in cost reduction. Players on the regional level are targeting 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 develop a 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.

Based on geography, the global lactic acid market is segmented into the following regions

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • The U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

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

RoW regions also offer huge market potential and are 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 offer significant market opportunities.

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