Citric Acid Market by Form, Application (Food, Pharmaceuticals, and Cosmetics), Function (Acidulant, Antioxidant, Preservative, and Sequestrant), and by Region (North America, Europe, Asia-Pacific, and RoW) - Global Forecast to 2020

  • ID: 3453873
  • Report
  • Region: Global, America, Europe, North America, United States
  • 133 Pages
  • Markets and Markets
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The Global Citric Acid Market Is Projected to Grow at a CAGR of 5.5% from 2015 to 2020

FEATURED COMPANIES

  • Cargill, Incorporated
  • Jungbunzlauer Suisse Ag
  • Rzbc Group Co. Ltd.
  • S.A. Citrique Belge N.V.
  • Tate & Lyle Plc
  • MORE
Citric acid is a weak organic acid that finds application in various industries such as food & beverage, animal feed, pharmaceutical, personal care & cosmetics, detergents & cleansers, textile, and construction, among others. Citric acid is widely used in the food & beverage industry as an acidulant.

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.
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FEATURED COMPANIES

  • Cargill, Incorporated
  • Jungbunzlauer Suisse Ag
  • Rzbc Group Co. Ltd.
  • S.A. Citrique Belge N.V.
  • Tate & Lyle Plc
  • MORE
1 Introduction
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
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.2.1 Breakdown Of Primaries, By Company Type, Designation & Region
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Overview Of The Parent Industry
2.2.2.1 Key Segments In The Food Sector
2.2.3 Demand-Side Analysis
2.2.3.1 Rising Population
2.2.3.1.1 Increase In Middle-Class Population, 2010–2030
2.2.3.2 Developing Economies, Gdp (Purchasing Power Parity), 2013
2.2.4 Supply-Side Analysis
2.2.4.1 Research & Development
2.3 Market Size Estimation
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions & Limitations
2.5.1 Assumptions
2.5.2 Limitations Of The Research Study

3 Executive Summary
3.1 Overview
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
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rising Consumption Of Convenience Food & Beverage Products
5.3.1.2 Multi-Functionality Of Citric Acid, A Key Feature
5.3.1.3 Increasing Need For Food Safety
5.3.1.4 Research & Development Driving Innovation
5.3.2 Restraints
5.3.2.1 Competition For Basic Raw Materials
5.3.3 Opportunities
5.3.3.1 Growth Opportunities In The Untapped Markets
5.3.3.2 Less Impact Of Regulations
5.3.4 Challenges
5.3.4.1 Lactic Acid Emerging As A New Substitute For Citric Acid
5.3.4.2 Challenges For Citric Acid Manufacturers In Developed Markets

6 Industry Trends
6.1 Introduction
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
6.6 Regulations
6.7 Price Trend

7 Citric Acid Market, By Form
7.1 Introduction
7.2 Anhydrous
7.3 Liquid

8 Citric Acid Market, By Application
8.1 Introduction
8.2 Food
8.2.1 Beverages
8.2.2 Confectioneries
8.2.3 Convenience Food Products
8.2.3.1 Creams, Fats & Fillings
8.2.3.2 Soups & Sauces
8.2.3.3 Oils
8.2.4 Dairy Products
8.3 Pharmaceutical & Cosmetics
8.4 Reagent
8.5 Others

9 Citric Acid Market, By Function
9.1 Introduction
9.2 Acidulant
9.3 Antioxidant
9.4 Preservative
9.5 Sequestrant

10 Citric Acid Market, By Grade
10.1 Food Grade
10.2 Pharmaceutical Grade
10.3 Industrial Grade

11 Citric Acid Market, By Region
11.1 Introduction
11.2 Pest Analysis
11.2.1 Political/Legal Factors
11.2.1.1 Government Regulations
11.2.2 Economic Factors
11.2.2.1 Fluctuating Raw Material Prices
11.2.2.2 Rising Middle-Class Population With High Disposable Income
11.2.3 Social Factors
11.2.3.1 Food Safety

11.2.4 Technological Factors
11.2.4.1 R&D Initiatives
11.3 North America
11.3.1 U.S.
11.3.2 Canada
11.3.3 Mexico
11.4 Europe
11.4.1 Italy
11.4.2 Spain
11.4.3 Germany
11.4.4 U.K.
11.4.5 France
11.4.6 Rest Of Europe
11.5 Asia-Pacific
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest Of Asia-Pacific
11.6 Rest Of The World (Row)
11.6.1 Latin America
11.6.2 Africa
11.6.3 Middle East
12 Company Profiles
(Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
12.1 Introduction
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 Appendix
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
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FEATURED COMPANIES

  • Cargill, Incorporated
  • Jungbunzlauer Suisse Ag
  • Rzbc Group Co. Ltd.
  • S.A. Citrique Belge N.V.
  • Tate & Lyle Plc
  • MORE
The global market is growing in accordance with the advancement of the processed food industry and increasing applications in the pharmaceutical, personal care & cosmetics, detergents & cleansers sectors. The citric acid market is considered to be one of the fastest-growing segments of the food additives market for its versatile functionalities as a flavor enhancer, acidulant, antioxidant, preservative, buffering agent, and sequestrant.

The market is segmented on the basis of key forms, functions, applications, and regions. The citric acid industry is restrained by scarcity if raw materials and intense competition for the same. Emerging applications of citric acid in pharmaceuticals, personal care, and cosmetics are estimated to be the key driving factors for the citric acid market.

The leading players have adopted new product development as their key development strategy to serve different consumers from food and non-food sectors in matured and untapped markets as well. They also focus on acquiring local players of the industry and developing a new customer base for long-term client relationships. This has not only enabled them to expand their geographical reach, but has also reinforced their market position by gaining a larger share in terms of revenue and product portfolios.

Small-scale players also adopted this strategy to expand their businesses globally, by investing in the establishment of manufacturing facilities and global innovation centers in various regions. This organic growth strategy serves an important proposition for smaller companies, enabling them to improve their technical expertise through intensive R&D infrastructure offered by key players.

Exteneded Description

Citric acid is a weak organic acid that finds application in various industries such as food & beverage, animal feed, pharmaceutical, personal care & cosmetics, detergents & cleansers, textile, and construction, among others. Citric acid is widely used in the food & beverage industry as an acidulant.

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.
Note: Product cover images may vary from those shown
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- Archer Daniels Midland Company
- 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.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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