The Report “Citric Acid Market: By Grade (Food, Industrial & Others) By Form (Powder, Liquid) By End-Use Industry (Food & Beverage, Pharmaceutical, Soap & Detergent, Printing, Others), By Application (Acidulant, Stabilizer, Others) By Geography: 2015-20”, published by IndustryARC, estimates the global market to reach $3.9 Billion by 2020.
Citric Acid is one of the most indispensable and widely used organic acids which occur naturally in various citrus fruits as well as animal fluids and tissues. It is a weak acid and is highly miscible in nature. Citric acid is extensively used in food industry as acidulate and flavor enhancer. More than 70% of the citric acid is used in food and fermentation produces. Citric acid is available in both powder and liquid forms and the major types are food grade, industrial grade, pharmaceutical grade and others. It is widely used to impart a pleasant, tart flavor to foods and beverages and also finds applications as an additive in detergents, pharmaceuticals, cosmetics and toiletries.
Browse 38 Market Tables, 11 Figures spread through 130 Pages and an in-depth TOC on “Citric Acid Market”:
The global market in 2014 was $3.2 Billion and is dominated by Europe which is poised to exhibit significant growth due to increasing demand for processed and ready-to-eat foods in food industry. In addition to these factors, the properties of citric acid such as high solubility, non-toxicity, pleasant taste, and chelating and buffering are responsible for its growing consumption in a wide range of applications. Also, surging demand for citric acid in pharmaceuticals, detergents, cosmetics & toiletries and food & beverages is expected to boost the market growth over the forecast period. Moreover, the demand is expected to increase in household detergents and cleaners, which is anticipated to augment the current market growth.
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Overall, the demand growth in Western Europe is projected to grow multi-fold, and will be affected mainly by demand growth in the food and beverage industry. Increasing growth in the soft drinks sector would create an impeccable surge in the demand for citric acid. The trend to use citric acid in detergents to replace phosphates has reversed and future consumption will depend on price competitiveness and inter-product competition in the detergent sector. Some of the major players in this market are Archer Daniels Midland Company, Cargill, DSM, Gadot Biochemical Industries, Jungbunzlauer, Huangshi Xinghua Biochemical Co. Ltd. Tate& Lyle, Linde AG and many others. These companies have largest production capacity and occupy most of the citric acid market.
According to a recent survey, more than 1.9m tons of citric acid is produced worldwide wherein, half of it is produced solely in China. When it comes to consumption, one third of all citric acid is consumed in Europe. However, the production capacity of citric acid is anticipated to grow at 6-7% per year, thus exceeding the world economic growth. Citric has a broad spectrum of application in food & beverage industry. FDA and EU have levied regulations on citric acid for use in this industry.
The citric acid market report is a comprehensive study of the market for different grades, end-use industry, applications and geography.
The market is analyzed by the following End User industries:
- Food & Beverage
- Soap & Detergent
Following Key Players were also covered as part of the market landscape analysis:
- Chinese companies
- Tate & Lyle
- Archer Daniels Midland Company (ADM
- Jungbunzlauer AG
- Cargill Corporation
- Hoffmann-La Roche AG
The market has also been analyzed for four geographic regions which include Americas, APAC, Europe and Rest of the World.
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