Global Citric Acid Market - Growth, Trends, and Forecasts (2017 - 2022)

  • ID: 4402838
  • Report
  • Region: Global
  • 100 pages
  • Mordor Intelligence
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Citric Acid Market
The market is projected to reach US$ XXX Billion by 2022 and is expected to witness a CAGR of 4.9% during the forecast period.

Market Dynamics

Citric acid is a cost effective ingredient with wide-ranging applications. The driving factor behind the growth of global citric acid market is growing application in various industries like food & beverages, cleaning & chelating agent, pharmaceuticals and others. Among these applications, food and beverages are expected to account the largest share followed by cosmetics and personal care. The rising consumption of food & beverages and personal care products has boosted the regional as well as global market.

Disproportionate Citric acid consumption can cause a variety of side-effects such as vomiting, diarrhea, nausea and abdominal pain; these issues are limiting consumer demand for citric acid which is hampering the growth of the market.

The global citric acid market is currently witnessing high opportunity because of increased usage of citric acid as a cleaning agent due to ban on phosphate in various regions

Market Segmentation

The market is segmented on the basis of key forms, functions, applications, and geography. Amongst all the application segments, acidulant segment is expected to account for highest share.

Geographically, Europe accounts for the largest market share of the worldwide Citric acid production followed by North America and Asia-Pacific.

The prominent citric acid market players have adopted new product development as their key development strategy to attend different consumer’s requirement from food and non-food sectors in matured and untapped markets as well. They also focus on procuring local players of the industry and base for expansion. This has not only supported them to expand their geographical reach but has also strengthened their market position by gaining a larger share concerning revenue and product portfolio.

The key players of global Citric Acid market report include

Archer-DanielsMidland Company
COFCO Biochemical (AnHui) Co. Ltd
Jungbunzlauer Suisse AG
Tate & Lyle plc

Our report on the global citric acid market covers:

MRO market trends & dynamics
Latest News & citric acid market developments
Porter’s five forces analysis
Investment scope
Deep-dive insights
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1.1 Research Methodology
1.2 Market Definition
1.3 Report Description

2. Market Overview
2.1 Market Trend

3. Market Overview
3.1 Market Dynamics
3.1.1 Drivers Growing demand from food industry R&D investments and technological innovations such as micro-encapsulation.
3.1.2 Restraints Health issues related to excessive consumption
3.1.3 Opportunities Capitalize the prevailing market trend potential to grow in untapped countries
3.1.4 Porter's Five Forces Analysis Bargaining Power of Suppliers Bargaining Power of Buyers Threat of New Entrants Threat of Substitute Products and Services Degree of Competition

4. Market Segmentation
4.1 By Form
4.1.1 Liquid citric acid
4.1.2 Powder form Anhydrous Citric Acid Monohydrate Citric acid
4.2 By Function
4.2.1 Acidulant
4.2.2 Preservative
4.2.3 Antioxidant
4.2.4 Binding agent
4.2.5 Others
4.3 By Application
4.3.1 Beverages
4.3.2 Confectioneries
4.3.3 Convenience food products (creams, fats, mayonnaise, soups & sauces, oils, and fillings)
4.3.4 Dairy products
4.3.5 Pharmaceuticals & personal care
4.3.6 Others
4.4 By Geography
4.4.1 North America United States Canada Mexico Others
4.4.2 Europe Spain UK France Germany Russia Italy Greece Others
4.4.3 Asia Pacific China India Japan Australia Others
4.4.4 South America Brazil Argentina Others
4.4.5 Africa South Africa Egypt Others

5. Competitive Landscape
5.1 Strategy adopted by Key players
5.2 Most active companies in the past five years
5.3 Market Share Analysis

6. Company Profiles
6.1 Archer Daniels Midland Company
6.2 COFCO Biochemical (AnHui) Co. Ltd.
6.3 Cargill
6.4 Delek Group
6.5 Gadot Biochemical Industries Ltd.
6.6 Huangshi Xinghua Biochemical Co.Ltd
6.7 Incorporated
6.8 Jungbunzlauer Suisse AG
6.9 Pfizer Inc.
6.10 RZBC Group Co. Ltd.
6.11 S.A. Citrique Belge N.V.
6.12 Shandong Juxian Hongde Citric Acid Co. Ltd.
6.13 Suisse AG, Basel
6.14 Tate & Lyle plc.
6.15 Weifang Ensign Industry Co., Ltd.

7. Appendix
7.1 Disclaimer
7.2 Sources
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  • Biothera Inc
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