Picture

Questions?

+1-866-353-3335

SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare
Free Samples
Organic Compound

PUBLISHER: Grand View Research | PRODUCT CODE: 1376207

Cover Image

PUBLISHER: Grand View Research | PRODUCT CODE: 1376207

Citric Acid Market Size, Share & Trends Analysis Report By Form (Liquid, Powder), By Application (Pharmaceutical, Food & Beverages, Others), By Region, And Segment Forecasts, 2023 - 2030

PUBLISHED:
PAGES: 65 Pages
DELIVERY TIME: 2-10 business days
REQUEST FREE SAMPLE
REQUEST CUSTOMIZATION
SELECT AN OPTION
Unprintable PDF (Single User License)
USD 5950
Printable PDF (5-User License)
USD 6950
Printable PDF (Enterprise License)
USD 8950

Add to Cart

Description

Table of Contents

List of Tables

Citric Acid Market Growth & Trends:

The global citric acid market size is expected to reach USD 5.17 billion by 2030, registering a CAGR of 4.0% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Increasing demand for the product as an acidulant in food & beverages application is expected to be a major factor driving the market.

The market is highly competitive in nature with companies increasing their production capacities to serve the growing demand. The companies compete on the basis of product superiority, manufacturing technologies, and adherence to regulations pertaining to citric acid products in an attempt to increase their revenue.

The industry is marked by the presence of major participants focusing on R&D activities to come up with application-specific citric acid products. These well-established players account for a relatively larger share of the annual production of citric acid and have a competitive edge over the smaller players as they have a prevailing goodwill in the market.

The industry is marked by the presence of numerous small unorganized players that deal majorly with the local distribution and cater to the demand in domestic and adjoining economies. These small players in the industry do not have a significant impact on the market dynamics due to low production volumes and smaller geographic reach.

Citric Acid Market Report Highlights:

  • Powder grade citric acid dominated the industry in 2022 accounting over 61.5% of the overall market on account of its extensive use in food & beverages for preservation and flavoring
  • Liquid form is anticipated to ascend at a CAGR of 3.6% over the forecast period on account of high demand in food & beverages industry owing to its beneficial properties such as acidification, texture modification, and flavor enhancement
  • The pharmaceuticals segment is expected to register a CAGR of 4.2% over the forecast period. Citric acid is predominantly used as an excipient in pharmaceutical formulations, serving multiple functions such as stabilizing pH levels, acting as a chelating agent, and ensuring the stability and efficacy of diverse medications.
  • Asia Pacific dominated the market and accounted for the largest revenue share of 35.0% in 2022. Asia Pacific, being one of the largest and fastest-growing regions in the world, holds a prominent position in the global citric acid market.
Show more
Product Code: GVR-2-68038-083-5

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
    • 1.1.1. Form
    • 1.1.2. Application
    • 1.1.3. Regional scope
    • 1.1.4. Estimates and forecast timeline
  • 1.2. Research Methodology
  • 1.3. Information Procurement
    • 1.3.1. Purchased database
    • 1.3.2. GVR's internal database
    • 1.3.3. Secondary sources
    • 1.3.4. Primary research
    • 1.3.5. Details of primary research
  • 1.4. Information or Data Analysis
  • 1.5. Market Formulation & Validation
  • 1.6. Model Details
  • 1.7. List of Secondary Sources
  • 1.8. List of Primary Sources
  • 1.9. Objectives

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
    • 2.2.1. Form outlook
    • 2.2.2. Application outlook
    • 2.2.3. Regional outlook
  • 2.3. Competitive Insights

Chapter 3. Citric Acid Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Penetration & Growth Prospect Mapping
  • 3.3. Value Chain Analysis
  • 3.4. Regulatory Framework
  • 3.5. Market Dynamics
    • 3.5.1. Market driver analysis
    • 3.5.2. Market restraint analysis
    • 3.5.3. Industry opportunities & challenges
  • 3.6. Citric Acid Market Analysis Tools
    • 3.6.1. Industry analysis - Porter's
      • 3.6.1.1. Supplier power
      • 3.6.1.2. Buyer power
      • 3.6.1.3. Substitution threat
      • 3.6.1.4. Threat of new entrant
      • 3.6.1.5. Competitive rivalry
    • 3.6.2. PESTEL analysis
      • 3.6.2.1. Political landscape
      • 3.6.2.2. Technological landscape
      • 3.6.2.3. Economic landscape
      • 3.6.2.4. Social landscape
      • 3.6.2.5. Environmental landscape
      • 3.6.2.6. Legal landscape

Chapter 4. Supplier Portfolio Analysis

  • 4.1. List of Suppliers
  • 4.2. Kraljic Matrix
  • 4.3. Sourcing Best Practices
  • 4.4. Negotiation Strategies

Chapter 5. Citric Acid : Form Estimates & Trend Analysis

  • 5.1. Citric Acid Market: Key Takeaways
  • 5.2. Citric Acid Market: Movement & Market Share Analysis, 2022 & 2030
  • 5.3. Liquid
    • 5.3.1. Liquid market estimates and forecasts, 2018 to 2030 (Kilotons, USD Million)
  • 5.4. Powder
    • 5.4.1. Powder market estimates and forecasts, 2018 to 2030 (Kilotons, USD Million)

Chapter 6. Citric Acid : Application Estimates & Trend Analysis

  • 6.1. Citric Acid Market: Key Takeaways
  • 6.2. Citric Acid Market: Movement & Market Share Analysis, 2022 & 2030
  • 6.3. Pharmaceutical
    • 6.3.1. Pharmaceutical market estimates and forecasts, 2018 to 2030 (Kilotons, USD Million)
  • 6.4. Food & Beverages
    • 6.4.1. Food & beverages market estimates and forecasts, 2018 to 2030 (Kilotons, USD Million)
  • 6.5. Others
    • 6.5.1. Others market estimates and forecasts, 2018 to 2030 (Kilotons, USD Million)

Chapter 7. Citric Acid Market: Regional Estimates & Trend Analysis

  • 7.1. Regional Outlook
  • 7.2. Citric Acid Market by Region: Key Takeaway
  • 7.3. North America
    • 7.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
    • 7.3.2. U.S.
      • 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
    • 7.3.3. Canada
      • 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
    • 7.3.4. Mexico
      • 7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
  • 7.4. Europe
    • 7.4.1. UK
      • 7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
    • 7.4.2. Germany
      • 7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
    • 7.4.3. France
      • 7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
    • 7.4.4. Italy
      • 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
    • 7.4.5. Spain
      • 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
  • 7.5. Asia Pacific
    • 7.5.1. Japan
      • 7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
    • 7.5.2. China
      • 7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
    • 7.5.3. India
      • 7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
    • 7.5.4. South Korea
      • 7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
  • 7.6. Central & South America
    • 7.6.1. Brazil
      • 7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
    • 7.6.2. Argentina
      • 7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
  • 7.7. MEA
    • 7.7.1. Saudi Arabia
      • 7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)
    • 7.7.2. South Africa
      • 7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilotons, Revenue, USD Million)

Chapter 8. Competitive Landscape

  • 8.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 8.2. Market Participant Categorization
    • 8.2.1. Pfizer, Inc.
      • 8.2.1.1. Company overview
      • 8.2.1.2. Financial performance
      • 8.2.1.3. Product benchmarking
      • 8.2.1.4. Strategic initiatives
    • 8.2.2. Tate & Lyle PLC
      • 8.2.2.1. Company overview
      • 8.2.2.2. Financial performance
      • 8.2.2.3. Product benchmarking
      • 8.2.2.4. Strategic initiatives
    • 8.2.3. Danisco A/S
      • 8.2.3.1. Company overview
      • 8.2.3.2. Financial performance
      • 8.2.3.3. Product benchmarking
      • 8.2.3.4. Strategic initiatives
    • 8.2.4. Cargill, Incorporated
      • 8.2.4.1. Company overview
      • 8.2.4.2. Financial performance
      • 8.2.4.3. Product benchmarking
      • 8.2.4.4. Strategic initiatives
    • 8.2.5. Kenko Corporation
      • 8.2.5.1. Company overview
      • 8.2.5.2. Financial performance
      • 8.2.5.3. Product benchmarking
      • 8.2.5.4. Strategic initiatives
    • 8.2.6. ADM
      • 8.2.6.1. Company overview
      • 8.2.6.2. Financial performance
      • 8.2.6.3. Product benchmarking
      • 8.2.6.4. Strategic initiatives
Show more
Product Code: GVR-2-68038-083-5

List of Tables

  • Table 1 List of abbreviation
  • Table 2 North America citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 3 North America citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 4 North America citric acid market, by region, 2018 - 2030 (Kilotons, USD Million)
  • Table 5 U.S. citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 6 U.S. citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 7 Canada citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 8 Canada citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 9 Mexico citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 10 Mexico citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 11 Europe citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 12 Europe citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 13 Europe citric acid market, by region, 2018 - 2030 (Kilotons, USD Million)
  • Table 14 Germany citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 15 Germany citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 16 UK citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 17 UK citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 18 France citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 19 France citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 20 Italy citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 21 Italy citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 22 Spain citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 23 Spain citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 24 Asia Pacific citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 25 Asia Pacific citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 26 Asia Pacific citric acid market, by region, 2018 - 2030 (Kilotons, USD Million)
  • Table 27 China citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 28 China citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 29 Japan citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 30 Japan citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 31 India citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 32 India citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 33 South Korea citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 34 South Korea citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 35 Central & South America citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 36 Central & South America citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 37 Central & South America citric acid market, by region, 2018 - 2030 (Kilotons, USD Million)
  • Table 38 Brazil citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 39 Brazil citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 40 Argentina citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 41 Argentina citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 42 Middle East and Africa citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 43 Middle East and Africa citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 44 Middle East and Africa citric acid market, by region, 2018 - 2030 (Kilotons, USD Million)
  • Table 45 South Africa citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 46 South Africa citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)
  • Table 47 Saudi Arabia citric acid market, by form, 2018 - 2030 (Kilotons, USD Million)
  • Table 48 Saudi Arabia citric acid market, by application, 2018 - 2030 (Kilotons, USD Million)

List of Figures

  • Fig. 1 Market research process
  • Fig. 2 Data triangulation techniques
  • Fig. 3 Primary research pattern
  • Fig. 4 Market research approaches
  • Fig. 5 Value-chain-based sizing & forecasting
  • Fig. 6 QFD modeling for market share assessment
  • Fig. 7 Market formulation & validation
  • Fig. 8 Citric acid: Market outlook
  • Fig. 9 Citric acid: Competitive insights
  • Fig. 10 Parent market outlook
  • Fig. 11 Related/ancillary market outlook
  • Fig. 12 Penetration and growth prospect mapping
  • Fig. 13 Industry value chain analysis
  • Fig. 14 Citric acid market driver impact
  • Fig. 15 Citric acid market restraint impact
  • Fig. 16 Citric acid market strategic initiatives analysis
  • Fig. 17 Citric acid market: Form movement analysis
  • Fig. 18 Citric acid market: Form outlook and key takeaways
  • Fig. 19 Liquid market estimates and forecasts, 2018 - 2030
  • Fig. 20 Powder market estimates and forecasts, 2018 - 2030
  • Fig. 21 Citric acid market: Application movement analysis
  • Fig. 22 Citric acid market: Application outlook and key takeaways
  • Fig. 23 Pharmaceutical market estimates and forecasts, 2018 - 2030
  • Fig. 24 Food & beverages market estimates and forecasts, 2018 - 2030
  • Fig. 25 Others market estimates and forecasts, 2018 - 2030
  • Fig. 26 Global citric acid market: Regional movement analysis
  • Fig. 27 Global citric acid market: Regional outlook and key takeaways
  • Fig. 28 North America market estimates and forecasts, 2018 - 2030
  • Fig. 29 U.S. market estimates and forecasts, 2018 - 2030
  • Fig. 30 Canada market estimates and forecasts, 2018 - 2030
  • Fig. 31 Mexico market estimates and forecasts, 2018 - 2030
  • Fig. 32 Europe market estimates and forecasts, 2018 - 2030
  • Fig. 33 UK market estimates and forecasts, 2018 - 2030
  • Fig. 34 Germany market estimates and forecasts, 2018 - 2030
  • Fig. 35 France market estimates and forecasts, 2018 - 2030
  • Fig. 36 Italy market estimates and forecasts, 2018 - 2030
  • Fig. 37 Spain market estimates and forecasts, 2018 - 2030
  • Fig. 38 Asia Pacific market estimates and forecasts, 2018 - 2030
  • Fig. 39 Japan market estimates and forecasts, 2018 - 2030
  • Fig. 40 China market estimates and forecasts, 2018 - 2030
  • Fig. 41 India market estimates and forecasts, 2018 - 2030
  • Fig. 42 South Korea market estimates and forecasts, 2018 - 2030
  • Fig. 43 Central & South America market estimates and forecasts, 2018 - 2030
  • Fig. 44 Brazil market estimates and forecasts, 2018 - 2030
  • Fig. 45 Argentina market estimates and forecasts, 2018 - 2030
  • Fig. 46 Middle East and Africa. market estimates and forecasts, 2018 - 2030
  • Fig. 47 Saudi Arabia market estimates and forecasts, 2018 - 2030
  • Fig. 48 South Africa market estimates and forecasts, 2018 - 2030
Show more
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Contact Us +1-866-353-3335
Hi, how can we help?
Contact us!