Citric Acid Market Overview
Food & beverage industry is valued to have the largest market size due to its end-use in the industry such as food safety, food preservation, preparation of processed beverages & food items. The food & beverage industry has driven the market for citric acid across the globe. Europe accounts for the largest market share due to its demand from food & beverages and personal care products. Furthermore APAC has seen tremendous growth in the convenience food industry due to the urbanization and population growth
Apart from this it also used in pharmaceutical products, personal care, cleaners & detergent and others. In pharmaceutical industry citric acid is used as stabilizing & flavoring agent and in medical products such as soluble aspirin, antacid and also in dentifrices. In the personal category, it is used in shampoos and conditioners, and detergents.
Citric acid is the nature’s acidulant and present in citrus fruits, plants, microbes, and fluids. It helps in metabolic processes and is highly soluble in nature. The acid faces huge demand as an acidifying tool. The market for the acid is growing due to its wide usage in foods & beverages. It is demanded heavily from ready-to-eat foods. Moreover, the market is expanding further due to other uses of citric acid.
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Citric Acid Major Players
- Archer-Daniels-Midland Company
- COFCO Biochemical
- Cargill, Incorporated
- Jungbunzlauer Suisse AG
- Huangshi Xinghua Biochemical Co.Ltd
- Gadot Biochemical Industries Limited
- S.A. Citrique Belge N.V
Citric Acid Geographic Analysis
- Geographical analysis across 15 countries
Citric Acid Market Segmentation
The global citric acid market has been segmented by form, function, application, and region.
On the basis of the form, the global citric acid market has been segmented into powder and liquid. The powder segment has further been classified into anhydrous, monohydrate, dihydrate, and others.
On the basis of function, the global citric acid market has been segmented into acidulant, antioxidant, preservative/sequestrant, chelating agent, emulsifying agent, buffering agent, flavoring agent, and others.
On the basis of application, the global citric acid market has been segmented into food and beverage, cosmetics and personal care, pharmaceuticals, detergents and cleaners, and others.
Citric Acid Industry Regional Analysis
The global citric acid market has been segmented into five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa.
The market in Asia-Pacific is expected to be the largest and fastest-growing citric acid market during the forecast period. The growing food industry, due to the increasing acceptance of ready-to-drink (carbonated) beverages and processed foods, is expected to drive the regional product market. China is one of the largest consumers and exporters of citric acid and held a substantial share of the global citric acid market as of 2017. Relaxed investment norms, low production cost, and the availability of cheap labor in China contributes to the growth of end-use industries such as cosmetics and personal care, pharmaceuticals, and home care, which will stimulate product demand during the forecast period.
North America and Europe are also major markets for citric acid that are expected to continue growing during the forecast period. Significant demand from the established food and beverage, pharmaceuticals, and cosmetics and personal care industries in these regions are expected to result in market growth during the forecast period.
Citric Acid Market Study Objectives
- To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the Global Citric Acid Market
- To provide insights about factors affecting the market growth
- To analyze the Global Citric Acid Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
Citric Acid Market Company Information
- Profiling of 10 key market players
- In-depth analysis including SWOT analysis, and strategy information of related to report title
- Competitive landscape including emerging trends adopted by major companies
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TABLE OF CONTENTS
Table 1 World Population By Major Regions (2015 To 2030) (Million)
Table 2 Global Citric Acid Market: By Region, 2014-2022 (Usd Million)
Table 3 Global Citric Acid Market: By Region, 2014-2022 (Kt)
Table 4 North America Global Citric Acid Market: By Country, 2014-2022 (Usd Million)
Table 5 Europe Global Citric Acid Market: By Country, 2014-2022 (Usd Million)
Table 6 Asia-Pacific Global Citric Acid Market: By Country, 2014-2022 (Usd Million)
Table 7 RoW Global Citric Acid Market: By Country, 2014-2022 (Usd Million)
Table 8 Global Citric Acid For Type: By Regions, 2014-2022 (Usd Million)
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