Citric acid is a weak organic acid generally found in the juice of lemons and other sour fruits. Citric acid 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. During 2014-2018, the global citric acid production grew at a CAGR of around 4%. 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 & cosmetics, detergents & cleansers, feed etc. This report by Expert Market Research entitled “Citric Acid Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray into the citric acid market.
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Historical market trends for the global citric acid industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global citric acid market into the following major regions – Europe, North America, Asia-Pacific, Middle East and Others. Asia pacific currently represents the largest market. Additionally, the report has analysed the global citric acid market on the basis of end-use. At present, food and beverage represents the biggest end use market followed by household detergents and cleaners.
The value chain analysis of the citric acid industry has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the citric acid industry has also been provided. Some of the key players in this market include Weifang Ying Xuan, Lemon Biochemical, COFCO Biochemical, Luxin Jinhe and Jungbunzlauer.
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.
The following are the key questions answered by this report:
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the citric acid 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.
Chapter 1 Preface
1.1 Research Methodology and Market Definitions
1.3 Report Summary
Chapter 2 Global Citric Acid Market: Industry Overview
2.1 Key Factors Driving the Citric Acid Industry
2.2 Market Trends
2.3 Market Breakup by Region
2.3.2 North America
2.3.3 Asia Pacific
2.3.4 Middle East
2.4 Market Breakup by End-Use Industry
2.4.1 Food and Beverages
2.4.2 Household Detergents and Cleaners
2.5 Value Chain Analysis
2.6 Imports and Exports
2.7 Market Outlook
Chapter 3 Porters Five Forces Analysis
3.1 Bargaining Power of Suppliers
3.2 Bargaining Power of Buyers
3.3 Threat of New Entrants
3.4 Threat of Substitutes
3.5 Degree of Competition
Chapter 4 Competitive Landscape
4.1 Competitive Structure
4.2 Capacities of Key Players
4.3 Key Player Profiles
4.3.1 Weifang Ying Xuan
4.3.2 Lemon Biochemical
4.3.3 COFCO Biochemical
4.3.4 Luxin Jinhe
4.3.6 Yixing Federation
4.3.7 Tate and Lyle
4.3.9 Citrique Belge Tienen
4.3.10 Archer Daniels Midland
Chapter 5 Setting Up a Citric Acid Manufacturing Plant
5.1 Key Success and Risk Factors for Manufacturing Citric Acid
5.2 Products Manufactured: Introduction and Specification
5.3 Manufacturing Process Involved
5.4 Process Flow
5.5 Raw Material Requirements and Expenditures
Chapter 6 Capital Investment
6.1 Land Requirements and Investment
6.2 Construction Requirements and Investment
6.3 Machinery Requirements and Investment
6.4 Other Capital Requirements and Investment
Chapter 7 Operating Expenditures
7.1 Raw Material Requirements and Expenditures
7.2 Packaging Requirements and Costs
7.3 Labour Requirements and Costs
7.4 Transportation Requirements and Costs
7.5 Utility Requirements and Costs
7.6 Financial Support
Chapter 8 Project Economics
8.1 Techno-Economic Parameters
8.2 Product Pricing and Margins
8.3 Income Projections
8.4 Expenditure Projections
8.7 Financial Analysis
List of Figures
Figure 2 1: Global Citric Acid Market: Consumption Volume Trend (in Million Tons), 2014-2018
Figure 2 2: Global Citric Acid Market: Production Volume Breakup by Region (in %), 2018
Figure 2 3: Global Citric Acid Market: Consumption Volume Breakup by Region (in %), 2018
Figure 2 4: Global Citric Acid Market: Breakup by End-Use (in %), 2018
Figure 2 5: Global Citric Acid Market: Value Chain Analysis
Figure 2 6: Global Citric Acid: Import Volume Breakup by Country (in %), 2018
Figure 2 7: Germany Citric Acid: Import Volume Trend (in Tons), 2014-2018
Figure 2 8: Global Citric Acid: Export Volume Breakup by Country (in %), 2018
Figure 2 9: China Citric Acid: Export Volume Trend (in Tons), 2014-2018
Figure 2 10: Global Citric Acid Market Forecast: Production Volume Trend (in Million Tons), 2019-2024
Figure 5 1: Citric Acid Manufacturing Plant: Detailed Process Flow
Figure 5 2: Citric Acid Manufacturing Plant: Conversion Rates of Feedstocks
Figure 6 1: Citric Acid Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 7 1: Citric Acid Manufacturing Plant: Citric Acid Packaging
Figure 8 1: Citric Acid Manufacturing Plant: Breakup of Operating Costs (in %)
List of Tables
Table 2 1: Global Citric Acid: Import Volume and Value of Major Countries, 2018
Table 2 2: Global Citric Acid: Export Volume and Value of Major Countries, 2018
Table 4 1: China Citric Acid Market: Production Capacities of Top Manufacturers (in Tons), 2018
Table 4 2: Outside China Citric Acid Market: Production Capacities of Top Manufacturers (in Tons), 2018
Table 6 1: Citric Acid Manufacturing Plant: Capital Costs (in USD)
Table 6 2: Citric Acid Manufacturing Plant: Land Requirements and Costs (in USD)
Table 6 3: Citric Acid Manufacturing Plant: Construction Requirements and Costs (in USD)
Table 6 4: Citric Acid Manufacturing Plant: Machinery Requirements and Costs (in USD)
Table 6 5: Citric Acid Manufacturing Plant: Other Capital Costs (in USD)
Table 7 1: Citric Acid Manufacturing Plant: Raw Materials Requirements and Costs (in Tons/Day)
Table 7 2: Citric Acid Manufacturing Plant: Labour Requirements and Costs (in USD)
Table 7 3: Citric Acid Manufacturing Plant: Utility Requirements and Costs (in USD)
Table 7 4: Overview of Financial Support
Table 8 1: Citric Acid Manufacturing Plant: Various Techno-Economic Parameters
Table 8 2: Citric Acid Manufacturing Plant: Income Projections (in USD)
Table 8 3: Citric Acid Manufacturing Plant: Expenditure Projections (in USD)
Table 8 4: Citric Acid Manufacturing Plant: Cash Flow Analysis (Without Considering Taxes)
Table 8 5: Citric Acid Manufacturing Plant: Cash Flow Analysis (On Considering Taxes)
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