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Global Citric Acid Market: By Form: Anhydrous, Liquid; By Application: Food and Beverages, Household Detergents and Cleaners, Pharmaceuticals; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Project Requirements and Cost Analysis; Project Economics; Competitive Landscape; Industry Events and Developments

Global Citric Acid Market Outlook

The global citric acid market reached a volume of about 2.39 million tons in 2020. The market is further expected to grow at a CAGR of 4.0% in the forecast period of 2021-2026 to reach a volume of approximately 2.91 million tons by 2026. 

 

Citric Acid Market

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This report by Expert Market Research entitled “Global Citric Acid Market Report and Forecast 2021-2026” provides a comprehensive analysis for anyone who plans to foray into the industry. At present, food and beverages is the biggest application sector, followed by household detergents and cleaners. Region-wise, Western Europe is one of the significant consumers of the product.

 

Properties and Applications

Citric acid is a weak organic acid generally found in the juice of lemons and other sour fruits. It is used in a number of industries due to its ability to control the growth of microorganisms, provide pH adjustment, sourness and tartness; and enhance flavours.

 

Citric Acid Market by Application

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On the basis of form, the industry can be segmented into:

  • Liquid
  • Anhydrous

Based on application, the industry can be categorised into:

  • Food and Beverages
  • Household Detergents and Cleaners
  • Pharmaceuticals
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Citric Acid Market by Region

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Market Analysis

The market is currently being driven by its application in a number of food and non-food industries such as beverages, confectioneries, convenience foods, dairy, pharmaceuticals, personal care and cosmetics, detergents and cleansers, feed, etc. The growing consumer demand for RTD beverages and processed foods is significantly aiding the industry growth. 

The value chain analysis of citric acid has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales, and distribution. 

This report provides an exhaustive insight for setting-up and running a citric acid manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global citric acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Archer Daniels Midland Company 
  • Cargill, Incorporated
  • Tate & Lyle
  • Jungbunzlauer Suisse AG
  • COFCO 
  • Others

In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.

Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Form, Application, Region
Breakup by Form Anhydrous, Liquid
Breakup by Application Food and Beverages, Household Detergents and Cleaners, Pharmaceuticals, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle, Jungbunzlauer Suisse AG, COFCO, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Citric Acid Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Citric Acid Historical Market (2016-2020) 
    8.3    Global Citric Acid Market Forecast (2021-2026)
    8.4    Global Citric Acid Market by Form
        8.4.1    Anhydrous
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Liquid
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Citric Acid Market by Application
        8.5.1    Food and Beverages
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Household Detergents and Cleaners
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Pharmaceuticals
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Citric Acid Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis 

    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Price Analysis
    13.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
14    Manufacturing Process
    14.1    Detailed Process Flow
    14.2    Operations Involved
    14.3    Mass Balance
15    Project Requirements and Cost Analysis
    15.1    Land, Location, and Site Development
    15.2    Construction
    15.3    Plant Machinery
    15.4    Cost of Raw Material
    15.5    Packaging
    15.6    Transportation
    15.7    Utilities
    15.8    Manpower
    15.9    Other Capital Investment
16    Project Economics
    16.1    Capital Cost of the Project
    16.2    Techno-Economic Parameters
    16.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    16.4    Taxation and Depreciation
    16.5    Income Projections
    16.6    Expenditure Projections
    16.7    Financial Analysis
    16.8    Profit Analysis
17    Competitive Landscape
    17.1    Market Structure
    17.2    Key Players 
    17.3    Company Profiles
        17.3.1    Archer Daniels Midland Company 
            17.3.1.1    Company Overview
            17.3.1.2    Product Portfolio
            17.3.1.3    Demographic Reach and Achievements
            17.3.1.4    Certifications
        17.3.2    Cargill, Incorporated
            17.3.2.1    Company Overview
            17.3.2.2    Product Portfolio
            17.3.2.3    Demographic Reach and Achievements
            17.3.2.4    Certifications
        17.3.3    Tate & Lyle
            17.3.3.1    Company Overview
            17.3.3.2    Product Portfolio
            17.3.3.3    Demographic Reach and Achievements
            17.3.3.4    Certifications
        17.3.4    Jungbunzlauer Suisse AG  
            17.3.4.1    Company Overview
            17.3.4.2    Product Portfolio
            17.3.4.3    Demographic Reach and Achievements
            17.3.4.4    Certifications
        17.3.5    COFCO
            17.3.5.1    Company Overview
            17.3.5.2    Product Portfolio
            17.3.5.3    Demographic Reach and Achievements
            17.3.5.4    Certifications
        17.3.6    Others
18    Industry Events and Developments

 

List of Figures and Tables

1.    Global Citric Acid Market: Key Industry Highlights, 2016 and 2026
2.    Global Citric Acid Historical Market: Breakup by Form (Million Tons), 2016-2020
3.    Global Citric Acid Market Forecast: Breakup by Form (Million Tons), 2021-2026
4.    Global Citric Acid Historical Market: Breakup by Application (Million Tons), 2016-2020
5.    Global Citric Acid Market Forecast: Breakup by Application (Million Tons), 2021-2026
6.    Global Citric Acid Historical Market: Breakup by Region (Million Tons), 2016-2020
7.    Global Citric Acid Market Forecast: Breakup by Region (Million Tons), 2021-2026
8.    North America Citric Acid Historical Market: Breakup by Country (Million Tons), 2016-2020
9.    North America Citric Acid Market Forecast: Breakup by Country (Million Tons), 2021-2026
10.    Europe Citric Acid Historical Market: Breakup by Country (Million Tons), 2016-2020
11.    Europe Citric Acid Market Forecast: Breakup by Country (Million Tons), 2021-2026
12.    Asia Pacific Citric Acid Historical Market: Breakup by Country (Million Tons), 2016-2020
13.    Asia Pacific Citric Acid Market Forecast: Breakup by Country (Million Tons), 2021-2026
14.    Latin America Citric Acid Historical Market: Breakup by Country (Million Tons), 2016-2020
15.    Latin America Citric Acid Market Forecast: Breakup by Country (Million Tons), 2021-2026
16.    Middle East and Africa Citric Acid Historical Market: Breakup by Country (Million Tons), 2016-2020
17.    Middle East and Africa Citric Acid Market Forecast: Breakup by Country (Million Tons), 2021-2026
18.    Major Importing Countries by Volume (2020)
19.    Major Exporting Countries by Volume (2020)
20.    Major Importing Countries by Value (2020)
21.    Major Exporting Countries by Value (2020)
22.    North America Historical Price Trends and Forecast 2016-2026
23.    Europe Historical Price Trends and Forecast 2016-2026
24.    Asia Pacific Historical Price Trends and Forecast 2016-2026
25.    Latin America Historical Price Trends and Forecast 2016-2026
26.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
27.    Global Citric Acid Market Structure

Key Questions Answered in the Report

In 2020, the global citric acid market attained a volume of nearly 2.39 million tons.

The industry is projected to grow at a CAGR of 4.0% between 2021 and 2026.

The market is estimated to grow in the forecast period of 2021-2026 to reach about 2.91 million tons by 2026.

The major drivers of the industry, such as the growing demand from the food and beverages industry, improving living standards, growing consumer demand for cosmetics, rising disposable incomes, growing pharmaceutical industry, and rapid urbanisation are expected to aid the market growth.

The increasing demand of low calorie RTD beverages is the key market trend guiding the growth of the citric acid market.

The major regional markets are North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.

Anhydrous and liquid are the major forms of citric acid in the industry.

The application segment is led by the food and beverages industry.

The major players in the industry are Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle, Jungbunzlauer Suisse AG, and COFCO, among others.

Analyst Review

The global citric acid market attained a volume of 2.39 million tons in 2020, driven by the increased product utilisation in the food and cosmetics industry and growing urbanisation. Aided by the rising consumer demand for low calorie ready-to-drink beverages, the industry is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4.0%. The citric acid market is projected to reach 2.91 million tons by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its form, the industry can be segmented into anhydrous and liquid. On the basis of application, the food and beverages industry accounts for the leading share in the market. The major regional markets for citric acid are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle, Jungbunzlauer Suisse AG, and COFCO, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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