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Citric Acid - Global Market Trajectory & Analytics

  • ID: 338581
  • Report
  • September 2020
  • Region: Global
  • 351 Pages
  • Global Industry Analysts, Inc
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The global market for Citric Acid is projected to reach US$4. 0 billion by 2025, driven by widespread applications in food & beverages; detergents & cleaners; pharmaceutical and cosmetics; and industrial processing. In food and beverages, It is used as a preservative and flavoring agent, while in soaps, laundry detergents and cleaning products it is an excellent chelating agent; in cosmetics/skin care products It is also used as a pH adjustor and thickening agent. It is also used as urinary alkalinizers as a combination of citric acid and citrate salts in the treatment of urinary tract infections. Citric acid, a weak organic acid, is obtained in natural form from citrus fruit family. In biochemistry, citric acid is obtained during the metabolism of aerobic organisms. Citric acid is found in wide range of vegetables and fruits, particularly in citrus fruits in more than the trace quantity. Some of the fruits which possess high concentrations of citrus acid include limes and lemons, constituting about 8% of their total dry weight. The citrus acid concentration in these citrus fruits varies with oranges constituting about 0. 005 mol/L and 0. 30 mol/L for limes and lemons.

These concentrations, however, are dependent on the cultivator and environment around the cultivation. Citric acid is also obtained from the fermentation of corn, molasses and other biomass materials. Chemically formulated as 2-hydrox-1,2,3-propanetricarboxylic acid, citric acid is extensively used in the soft drink industry as an ingredient in a wide range of products. The chemical imparts a characteristic `tartness` to carbonated and still beverages, augments the sweetness of sugar and is complementary to fruit and berry flavors. The product is the most widely used acidulants while lactic acid, phosphoric acid and malic acid also add distinct qualities and taste. Citric acid is white translucent crystalline hygroscopic product, and is available in two forms namely Monohydrous Citric Acid and Anhydrous Citric Acid. Monohydrous citric acid contains 90 percent water whereas anhydrous citric acid does not contain water. Given its important role as a preservative, stabilizer, and flavorant in processed foods and beverages, the rapidly rising consumption of ready-to-eat (RTE) foods and ready-to-drink (RTD) beverages is expected to spur demand for citric acid in the coming years. The recent years have been witness to the launch of several novel and innovative beverage products, especially those with exotic and ethnic fruit flavors as well as flavor blends. The rising consumption of RTD drinks, especially healthy beverages, as well as soft drinks is leading to high demand for citric acid, which hold an edge over other acidulants in terms of their ability to improve shelf-life of products, enhancing flavor and tartness and pH buffering. Besides, the ingredient is used for adjusting pH balance while manufacturing foods such as gelatin-based desserts, jam and jellies among others.

Competitors identified in this market include, among others:
  • Archer Daniels Midland Company
  • Cargill, Inc.
  • COFCO Biotechnology Co., Ltd.
  • Citrique Belge S. A.
  • DuPont Nutrition & Biosciences
  • Foodchem International Corporation
  • Gadot Biochemical Industries Ltd.
  • Hawkins, Inc.
  • Jungbunzlauer Suisse AG
  • Merck KGaA
  • MP Biomedicals
  • Posy Pharmachem Pvt. Ltd.
  • RZBC Group Co., Ltd.
  • Tate & Lyle plc
  • TTCA Co., Ltd.
  • Weifang Ensign Industry Co., Ltd.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • An Introduction to Citric Acid
  • Manufacturing Process
  • Key End-Use Applications
  • Typical Applications of Citric Acid in Food & Beverage Industry
  • Industrial Applications of Citric Acid
  • Growing Use of Citric Acid in Food and Non-Food Industries Spurs Market Prospects
  • Powder Form Leads Citric Acid Market, Liquid Form to Experience High Growth
  • The US and Europe Dominate Citric Acid Demand, China and Asia-Pacific to Spearhead Future Growth
  • Competition
  • Citric Acid Competitor Market Share Scenario Worldwide by Capacity (in %): 2019
  • Recent Market Activity
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Archer Daniels Midland Company (USA)
  • Cargill, Inc. (USA)
  • COFCO Biotechnology Co., Ltd. (China)
  • Citrique Belge S.A. (Belgium)
  • DuPont Nutrition & Biosciences (Denmark)
  • Foodchem International Corporation (China)
  • Gadot Biochemical Industries Ltd. (Israel)
  • Hawkins, Inc. (USA)
  • Jungbunzlauer Suisse AG (Switzerland)
  • Merck KGaA (Germany)
  • MP Biomedicals (USA)
  • Posy Pharmachem Pvt. Ltd. (India)
  • RZBC Group Co., Ltd. (China)
  • Tate & Lyle plc (UK)
  • TTCA Co., Ltd. (China)
  • Weifang Ensign Industry Co., Ltd. (China)
3. MARKET TRENDS & DRIVERS
  • Demand for Citric Acid Continues to Rise from the Global Food Processing Industry
  • Worldwide Acidulants Market Share by Type (in %): 2019
  • Rapid Growth in Consumption of RTD Foods and RTE Beverages Drives Demand for Citric Acid
  • Global RTE Foods Market Size in US$ Billion for 2019, 2021, 2023 and 2025
  • Global RTD Beverages Market Size in US$ Billion for 2019, 2021, 2023 and 2025
  • Global RTE Foods Market Size by Geographic Region (in %) for 2019
  • Beneficial Properties of Citric Acid and its Safety Ensure Sustained Demand
  • Eco-Friendly Attributes & Biodegradability Drive Use of Citric Acid in Detergents and Cleaners
  • Global Liquid Detergents Market Size in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Citric Acid Finds Increasing Use in Manufacture of Pharmaceuticals
  • Citrate Applications in Pharmaceutical Formulations
  • Global Population of 65+ Individuals (In 000s) by Region for the Years 2015, 2020, 2025, 2030 & 2040
  • Citric Acid Holds Promise in Personal Care Formulations
  • Global Skin Care Products Market in US$ Billion for 2019, 2022 and 2025
  • Emerging Uses of Citric Acid Promise Growth
  • Favorable Economic and Demographic Trends Strengthen Market Prospects
  • Ballooning Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • Expanding Urban and Middle Class Population
  • World Urban Population in Thousands: 1950-2050P
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Citric Acid Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
CANADA

JAPAN

CHINA
  • Market Overview
  • Market Share of Leading Chinese Citric Acid Manufacturers by Capacity : 2019
  • Market Analytics
EUROPE
  • Market Facts & Figures
  • European Citric Acid Market: Competitor Market Share Scenario (in %) for 2019 & 2025
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 45
Note: Product cover images may vary from those shown
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