The citric acid market is expected to witness significant growth in the food & beverage industry owing to increasing demand for processed and ready-to-eat food & beverage products. Versatile properties of citric acid such as low toxicity, tart taste, preservation, and chelating & buffering characteristics are responsible for its growing consumption in a wide range of applications.
This report provides a complete analysis of the key companies and a chronology of developments with respect to new products, investments & expansion, acquisitions, and agreements. It also analyzes the market dynamics, price trends, and trade analysis, highlighting the key features for this market. The report also highlights key market drivers and restraints for the key regions of the world.
Leading players such as Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Tate & Lyle PLC (U.K.) and JUNGBUNZLAUER SUISSE AG (Switzerland), COFCO Biochemical (AnHui) Co., Ltd. (China), HUANGSHI XINGHUA BIOCHEMICAL CO.LTD (China), and S.A. Citrique Belge N.V. (Belgium), among others have been profiled in the report.
To maintain a competitive edge in the citric acid market, the key players were observed to prefer new product development as a strategy to serve a broad range of industries. New technologies have initiated the emergence of innovative products that could help in cost reduction. Developing countries present a viable market for manufacturers, as these regions are emerging as potential markets with the availability of raw materials.
The global market for citric acid is projected to grow at competitive CAGRs of 5.5% and 5.2%, in terms of value and volume respectively, from 2015 to 2020. Europe led the market for citric acid in 2014, in terms of value and volume, owing to substantial growth in the processed food & beverage industry and high consumption of citric acid as a vital food additive. The market in the Asia-Pacific region is projected to grow at a higher rate as compared to the matured markets of developed economies.
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Years Considered
1.4 Base Currency Considered For The Citric Acid Market
1.5 Base Unit Considered For The Citric Acid Market
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
220.127.116.11 Key Data From Secondary Sources
2.1.2 Primary Data
18.104.22.168 Key Data From Primary Sources
22.214.171.124 Key Industry Insights
126.96.36.199.1 Breakdown Of Primaries, By Company Type, Designation & Region
2.2 Factor Analysis
2.2.2 Overview Of The Parent Industry
188.8.131.52 Key Segments In The Food Sector
2.2.3 Demand-Side Analysis
184.108.40.206 Rising Population
220.127.116.11.1 Increase In Middle-Class Population, 2010–2030
18.104.22.168 Developing Economies, Gdp (Purchasing Power Parity), 2013
2.2.4 Supply-Side Analysis
22.214.171.124 Research & Development
2.3 Market Size Estimation
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions & Limitations
2.5.2 Limitations Of The Research Study
3 Executive Summary
3.2 Citric Acid
4 Premium Insights
4.1 Attractive Opportunities In The Citric Acid Market
4.2 Citric Acid Market, By Application
4.3 Overview Of The Citric Acid Market In The Asia-Pacific Region
4.4 India Is Projected To Be The Fastest-Growing Market
4.5 Citric Acid Market, By Function
4.6 Citric Acid Market: Developed Vs. Emerging Markets
4.7 Anhydrous Form Accounted For The Largest Share In The Citric Acid Market In 2014
4.8 Citric Acid Market Life Cycle Analysis, By Region
5 Market Overview
5.2 Market Segmentation
5.3 Market Dynamics
126.96.36.199 Rising Consumption Of Convenience Food & Beverage Products
188.8.131.52 Multi-Functionality Of Citric Acid, A Key Feature
184.108.40.206 Increasing Need For Food Safety
220.127.116.11 Research & Development Driving Innovation
18.104.22.168 Competition For Basic Raw Materials
22.214.171.124 Growth Opportunities In The Untapped Markets
126.96.36.199 Less Impact Of Regulations
188.8.131.52 Lactic Acid Emerging As A New Substitute For Citric Acid
184.108.40.206 Challenges For Citric Acid Manufacturers In Developed Markets
6 Industry Trends
6.2 Supply Chain
6.3 Industry Insights
6.4 Porter’S Five Forces Analysis
6.4.1 Threat Of New Entrants
6.4.2 Threat Of Substitutes
6.4.3 Bargaining Power Of Suppliers
6.4.4 Bargaining Power Of Buyers
6.4.5 Intensity Of Competitive Rivalry
6.5 Trade Analysis
6.7 Price Trend
7 Citric Acid Market, By Form
8 Citric Acid Market, By Application
8.2.3 Convenience Food Products
220.127.116.11 Creams, Fats & Fillings
18.104.22.168 Soups & Sauces
8.2.4 Dairy Products
8.3 Pharmaceutical & Cosmetics
9 Citric Acid Market, By Function
10 Citric Acid Market, By Grade
10.1 Food Grade
10.2 Pharmaceutical Grade
10.3 Industrial Grade
11 Citric Acid Market, By Region
11.2 Pest Analysis
11.2.1 Political/Legal Factors
22.214.171.124 Government Regulations
11.2.2 Economic Factors
126.96.36.199 Fluctuating Raw Material Prices
188.8.131.52 Rising Middle-Class Population With High Disposable Income
11.2.3 Social Factors
184.108.40.206 Food Safety
11.2.4 Technological Factors
220.127.116.11 R&D Initiatives
11.3 North America
11.4.6 Rest Of Europe
11.5.4 Rest Of Asia-Pacific
11.6 Rest Of The World (Row)
11.6.1 Latin America
11.6.3 Middle East
12 Company Profiles
(Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
12.2 Archer Daniels Midland Company
12.3 Cargill, Incorporated
12.4 Tate & Lyle Plc
12.5 Jungbunzlauer Suisse Ag
12.6 Cofco Biochemical (Anhui) Co., Ltd.
12.7 Huangshi Xinghua Biochemical Co.Ltd
12.8 Rzbc Group Co. Ltd.
12.9 Weifang Ensign Industry Co., Ltd.
12.10 Gadot Biochemical Industries Ltd.
12.11 S.A. Citrique Belge N.V.
*Details On Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured In Case Of Unlisted Companies.
13.1 Insights Of Industry Experts
13.2 Discussion Guide
13.3 Introducing Rt: Real-Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
- Cargill, Incorporated
- Cofco Biochemical (Anhui) Co., Ltd.
- Gadot Biochemical Industries Ltd.
- Huangshi Xinghua Biochemical Co.Ltd
- Jungbunzlauer Suisse Ag
- Rzbc Group Co. Ltd.
- S.A. Citrique Belge N.V.
- Tate & Lyle Plc
- Weifang Ensign Industry Co., Ltd.