Covid Impact Citric Acid Market is projected to reach a value of over USD 5.1 billion by 2027 at a CAGR of around 5.4%.

Citric acid Market: Summary

The is projected to reach a value of over USD 5.1 billion by 2027 at a CAGR of around 5.4%.

Citric Acid is one of the most preferred weak organic acid used as an acidulant, preservative, emulsifier, flavorant, sequestrant and buffering agent. Naturally, it is found in the lemons, lime, oranges, grapefruit and other citrus fruits. Lemons and limes have high concentrations of the acid, it can constitute as much as 8% of the dry weight of these fruits. In food and beverage, citric acid is used as a natural preservative in processed food & beverages. It is also used as flavoring agents, stabilizer, anti-oxidant in a diary, processed and canned foods for regulating acidity, pH, temperature, and taste of the perishable food items. Also, it has gained popularity in cosmetics, nutraceutical, pharmaceutical, cleaning products, and personal care products.

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Citric acid Market: Drivers & Challenges

Market Driver:

  • Rising Demand from Food and Beverage industry

Food and beverage is one of the prominent application areas of the citric acid owing to its extensive application in the manufacturing and processing of the jams, jellies, powdered beverages, fruit-based drinks, cheese processing, frozen foods, candies, etc. to boost the flavor, preserve the shelf life, pH, and acts as a stabilizer. Use of citric acid as an acidulant, preservative, pH regulator, stabilizer, taste enhancer is creating higher demand across the food and beverage industry. Growing global food demand along with higher preference to the processed and ready to eat/cook/drink food products, the need for the flavoring agents such as citric acid is on a constant rise. Rise in disposable income and busier lifestyle creates a higher affinity to the readily cooked products, pushes the growth of the citric acid.

Market Restraint:

  • Availability of Substitute

The citric acid market may face hindrance owing to availability of substitutes such as lactic acid, tartaric acid and malic acid, which are used in food and beverage, pharmaceutical, skin and hair care products to enhance taste, increase shelf life, balance pH, and other purpose. For instance, tartaric acid is used in personal care products as a pH stabilizer. Due to this, these acids as an alternative to the citric acid in various application areas, which in turn, hampers the market growth.

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Citric acid Market: Key Segments

  • Segmentation based on source: Natural and Synthetic
  • Segmentation based on form: Powdered and Liquid
  • Segmentation based on application: Food and Beverages, Cosmetic & Personal Care, Pharmaceutical, Industrial Processes and Others
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.

Key Companies Covered

  • ADM (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Cargill, Incorporated
  • Tate & Lyle
  • Jungbunzlauer Suisse AG
  • COFCO
  • Foodchem International Corporation
  • Weifang Ensign Industry Co.,Ltd
  • S.A. Citrique Belge N.V.
  • HUANGSHI XINGHUA BIOCHEMICAL CO.LTD.
  • RZBC GROUP
  • Other Key Companies

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Citric acid Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Citric Acid Market, by Source

  • Natural
  • Synthetic

Citric Acid Market, by Form

  • Powder
  • Liquid

Citric Acid Market, by Application

  • Food and Beverages
  • Cosmetic & Personal Care
  • Pharmaceutical
  • Industrial Processes
  • Others

Citric Acid Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

  1. INTRODUCTION
  2. Research Objectives
  3. Market Definition
  4. Research Scope
  5. Regional Coverage
  6. Research Timeline
  7. Assumptions
  8. Limitations
  9. RESEARCH DESIGN & SCOPE
  10. Introduction
  11. Primary Research
  12. Key Industry Expert Insight
  13. Secondary Research
  14. Vital Data from Secondary Sources
  15. Market Size Estimation
  16. Data Validation & Triangulation
  17. EXECUTIVE SUMMARY
  18. MARKET DYNAMICS
  19. Introduction
  20. Drivers
  21. Growing Demand from Food and Beverage Industry
  22. Higher Demand for Organic Ingredients
  23. Restraint
  24. Availability of Substitute
  25. Opportunities
  26. Increasing Research and Development Activities for New Production Techniques
  27. Challenges
  28. Regulation on Use in Functional Food
  29. INDUSTRY TRENDS — PORTERS FIVE FORCES ANALYSIS
  30. Introduction
  31. Power of Buyers
  32. Power of Suppliers
  33. Intensity of Competition
  34. Challenges of Substitutes
  35. Challenges of New Entrants
  36. Macro-Economic Indicators
  37. GLOBAL CITRIC ACID MARKET BY SOURCE, Market Size in USD Million and Volume in Kiloton (2019–2027)
  38. Introduction
  39. Natural
  40. Synthetic
  41. GLOBAL CITRIC ACID MARKET BY FORM, Market Size in USD Million and Volume in Kiloton (2019–2027)
  42. Introduction
  43. Powder
  44. Liquid
  45. GLOBAL CITRIC ACID MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019–2027)
  46. Introduction
  47. Food and Beverages
  48. Cosmetic & Personal Care
  49. Pharmaceutical
  50. Industrial Processes
  51. Others
  52. GLOBAL CITRIC ACID MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019–2027)
  53. North America
  54. US
  55. Canada
  56. Mexico
  57. Asia-Pacific
  58. China
  59. India
  60. Japan
  61. South Korea
  62. Rest of Asia-Pacific
  63. Europe
  64. Germany
  65. France
  66. Italy
  67. UK
  68. Russia
  69. Rest of Europe
  70. Middle East and Africa
  71. Saudi Arabia
  72. UAE
  73. Rest of Middle East and Africa
  74. South America
  75. Brazil
  76. Argentina
  77. Rest of South America
  78. COMPETITIVE LANDSCAPE
  79. Introduction
  80. Market Ranking/Share Analysis of Key Companies
  81. Company Benchmarking
  82. COMPANY PROFILES
  83. ADM
  84. Company Overview
  85. Financial Overview
  86. Products/Solutions/Services Offered
  87. Key Developments
  88. SWOT Analysis
  89. Cargill, Incorporated
  90. Tate & Lyle
  91. Jungbunzlauer Suisse AG
  92. COFCO
  93. Foodchem International Corporation
  94. Weifang Ensign Industry Co.,Ltd
  95. S.A. Citrique Belge N.V.
  96. HUANGSHI XINGHUA BIOCHEMICAL CO.LTD.
  97. RZBC GROUP
  98. Other Key Companies
  99. APPENDIX
  100. Key Industry Expert Insights
  101. Primary Discussion Guide
  102. Customization Options

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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