North America Citric Acid Market Size, Share & Trends Analysis Report By End-use, By Application, By Product (Biodegradable Polyesters, Bio-PE, Bio-PET, Polylactic Acid, Polyhydroxyalkanoate, and Others), By Country and Growth Forecast, 2023

Description

List of Tables

The North America Citric Acid Market would witness market growth of 3.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,000.4 Kilo Tonnes, showcasing a growth of 2.5% (2019-2022).

Evolving consumer preferences towards healthier and natural products and lifestyle changes influence the demand for citric acid in various applications. Manufacturers are adapting to meet the expectations of health-conscious consumers. Stringent regulations regarding food additives, labeling, and safety standards impact the market. Compliance with regulatory needs is crucial for market players to ensure the approval and acceptance of their products in various regions. The pricing and availability of raw materials, particularly sugars used in fermentation, directly affect its production costs. Changes in commodity costs can impact the profitability of manufacturers and influence market dynamics.

Ongoing advancements in fermentation technologies, extraction methods, and downstream processing contribute to the efficiency and sustainability of the production. Companies investing in research and development gain a competitive edge in the market. Economic factors, such as GDP growth, inflation rates, and currency exchange rates, influence the purchasing power of consumers and, consequently, the demand for citric acid in various applications. The rising awareness of environmental sustainability drives the adoption of eco-friendly practices in the market. Companies embracing sustainable sourcing, production, and packaging strategies will likely attract environmentally conscious consumers and gain a competitive advantage.

In North America, the rising demand for processed foods, beverages, and convenience products has likely contributed to the expansion of the market. The US Department of Agriculture states that meat processing is the largest food and beverage manufacturing industry, with 26.2 percent of sales in 2021. Other important industry groups by sales include dairy (12.8 percent), other foods (12.4 percent), beverages (11.3 percent), and grain and oilseeds (10.4 percent). It is primarily used as an acidulant in meat products. It helps regulate the pH of meat formulations, contributing to the desired texture, flavor, and preservation of the products. The increased demand for processed meat products in the US may drive the need for acid in these applications. Thus, the above aspects will expand the market growth across the region in the upcoming years.

The US market dominated the North America Citric Acid Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,034.7 Million by 2030. The Canada market is experiencing a CAGR of 5.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 4.7% during (2023 - 2030).

Based on Form, the market is segmented into Powder, and Liquid. Based on Application, the market is segmented into Food & Beverages, Pharmaceutical, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Pfizer, Inc.
Tate & Lyle Plc.
Cargill, Incorporated
Archer Daniels Midland Company
Jungbunzlauer Suisse AG
HUANGSHI XINGHUA BIOCHEMICAL CO.LTD.
RZBC Group CO., LTD.
Kenko Corporation
Gadot Biochemical Industries Ltd.
Citribel N.V.

North America Citric Acid Market Report Segmentation

By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)

Powder
Liquid

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

Food & Beverages
Pharmaceutical
Others

By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)

US
Canada
Mexico
Rest of North America

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Citric Acid Market, by Form
- 1.4.2 North America Citric Acid Market, by Application
- 1.4.3 North America Citric Acid Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
3.3 Porter's Five Forces Analysis

Chapter 4. North America Citric Acid Market, By Form

4.1 North America Powder Market, By Country
4.2 North America Liquid Market, By Country

Chapter 5. North America Citric Acid Market, By Application

5.1 North America Food & Beverages Market, By Country
5.2 North America Pharmaceutical Market, By Country
5.3 North America Others Market, By Country

Chapter 6. North America Citric Acid Market, By Country

6.1 US Citric Acid Market
- 6.1.1 US Citric Acid Market, By Form
- 6.1.2 US Citric Acid Market, By Application
6.2 Canada Citric Acid Market
- 6.2.1 Canada Citric Acid Market, By Form
- 6.2.2 Canada Citric Acid Market, By Application
6.3 Mexico Citric Acid Market
- 6.3.1 Mexico Citric Acid Market, By Form
- 6.3.2 Mexico Citric Acid Market, By Application
6.4 Rest of North America Citric Acid Market
- 6.4.1 Rest of North America Citric Acid Market, By Form
- 6.4.2 Rest of North America Citric Acid Market, By Application

Chapter 7. Company Profiles

7.1 Pfizer, Inc.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Regional & Segmental Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 SWOT Analysis
7.2 Tate & Lyle PLC
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental & Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 SWOT Analysis
7.4 Archer Daniels Midland Company
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 SWOT Analysis
7.5 Jungbunzlauer Suisse AG
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
7.6 HUANGSHI XINGHUA BIOCHEMICAL CO.LTD.
- 7.6.1 Company Overview
7.7 RZBC Group CO., LTD.
- 7.7.1 Company Overview
7.8 Kenko Corporation
- 7.8.1 Company Overview
7.9 Gadot Biochemical Industries Ltd.
- 7.9.1 Company Overview
7.10. Citribel N.V.
- 7.10.1 Company Overview

LIST OF TABLES

TABLE 1 North America Citric Acid Market, 2019 - 2022, USD Million
TABLE 2 North America Citric Acid Market, 2023 - 2030, USD Million
TABLE 3 North America Citric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Citric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Citric Acid Market, By Form, 2019 - 2022, USD Million
TABLE 6 North America Citric Acid Market, By Form, 2023 - 2030, USD Million
TABLE 7 North America Citric Acid Market, By Form, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Citric Acid Market, By Form, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Powder Market, By Country, 2019 - 2022, USD Million
TABLE 10 North America Powder Market, By Country, 2023 - 2030, USD Million
TABLE 11 North America Powder Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Powder Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Liquid Market, By Country, 2019 - 2022, USD Million
TABLE 14 North America Liquid Market, By Country, 2023 - 2030, USD Million
TABLE 15 North America Liquid Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Liquid Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Citric Acid Market, By Application, 2019 - 2022, USD Million
TABLE 18 North America Citric Acid Market, By Application, 2023 - 2030, USD Million
TABLE 19 North America Citric Acid Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Citric Acid Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Food & Beverages Market, By Country, 2019 - 2022, USD Million
TABLE 22 North America Food & Beverages Market, By Country, 2023 - 2030, USD Million
TABLE 23 North America Food & Beverages Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Food & Beverages Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Pharmaceutical Market, By Country, 2019 - 2022, USD Million
TABLE 26 North America Pharmaceutical Market, By Country, 2023 - 2030, USD Million
TABLE 27 North America Pharmaceutical Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Pharmaceutical Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Others Market, By Country, 2019 - 2022, USD Million
TABLE 30 North America Others Market, By Country, 2023 - 2030, USD Million
TABLE 31 North America Others Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Others Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Citric Acid Market, By Country, 2019 - 2022, USD Million
TABLE 34 North America Citric Acid Market, By Country, 2023 - 2030, USD Million
TABLE 35 North America Citric Acid Market, By Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Citric Acid Market, By Country, 2023 - 2030, Kilo Tonnes
TABLE 37 US Citric Acid Market, 2019 - 2022, USD Million
TABLE 38 US Citric Acid Market, 2023 - 2030, USD Million
TABLE 39 US Citric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 40 US Citric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 41 US Citric Acid Market, By Form, 2019 - 2022, USD Million
TABLE 42 US Citric Acid Market, By Form, 2023 - 2030, USD Million
TABLE 43 US Citric Acid Market, By Form, 2019 - 2022, Kilo Tonnes
TABLE 44 US Citric Acid Market, By Form, 2023 - 2030, Kilo Tonnes
TABLE 45 US Citric Acid Market, By Application, 2019 - 2022, USD Million
TABLE 46 US Citric Acid Market, By Application, 2023 - 2030, USD Million
TABLE 47 US Citric Acid Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 48 US Citric Acid Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 49 Canada Citric Acid Market, 2019 - 2022, USD Million
TABLE 50 Canada Citric Acid Market, 2023 - 2030, USD Million
TABLE 51 Canada Citric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 52 Canada Citric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 53 Canada Citric Acid Market, By Form, 2019 - 2022, USD Million
TABLE 54 Canada Citric Acid Market, By Form, 2023 - 2030, USD Million
TABLE 55 Canada Citric Acid Market, By Form, 2019 - 2022, Kilo Tonnes
TABLE 56 Canada Citric Acid Market, By Form, 2023 - 2030, Kilo Tonnes
TABLE 57 Canada Citric Acid Market, By Application, 2019 - 2022, USD Million
TABLE 58 Canada Citric Acid Market, By Application, 2023 - 2030, USD Million
TABLE 59 Canada Citric Acid Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 60 Canada Citric Acid Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 61 Mexico Citric Acid Market, 2019 - 2022, USD Million
TABLE 62 Mexico Citric Acid Market, 2023 - 2030, USD Million
TABLE 63 Mexico Citric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 64 Mexico Citric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 65 Mexico Citric Acid Market, By Form, 2019 - 2022, USD Million
TABLE 66 Mexico Citric Acid Market, By Form, 2023 - 2030, USD Million
TABLE 67 Mexico Citric Acid Market, By Form, 2019 - 2022, Kilo Tonnes
TABLE 68 Mexico Citric Acid Market, By Form, 2023 - 2030, Kilo Tonnes
TABLE 69 Mexico Citric Acid Market, By Application, 2019 - 2022, USD Million
TABLE 70 Mexico Citric Acid Market, By Application, 2023 - 2030, USD Million
TABLE 71 Mexico Citric Acid Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 72 Mexico Citric Acid Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 73 Rest of North America Citric Acid Market, 2019 - 2022, USD Million
TABLE 74 Rest of North America Citric Acid Market, 2023 - 2030, USD Million
TABLE 75 Rest of North America Citric Acid Market, 2019 - 2022, Kilo Tonnes
TABLE 76 Rest of North America Citric Acid Market, 2023 - 2030, Kilo Tonnes
TABLE 77 Rest of North America Citric Acid Market, By Form, 2019 - 2022, USD Million
TABLE 78 Rest of North America Citric Acid Market, By Form, 2023 - 2030, USD Million
TABLE 79 Rest of North America Citric Acid Market, By Form, 2019 - 2022, Kilo Tonnes
TABLE 80 Rest of North America Citric Acid Market, By Form, 2023 - 2030, Kilo Tonnes
TABLE 81 Rest of North America Citric Acid Market, By Application, 2019 - 2022, USD Million
TABLE 82 Rest of North America Citric Acid Market, By Application, 2023 - 2030, USD Million
TABLE 83 Rest of North America Citric Acid Market, By Application, 2019 - 2022, Kilo Tonnes
TABLE 84 Rest of North America Citric Acid Market, By Application, 2023 - 2030, Kilo Tonnes
TABLE 85 Key Information - Pfizer, Inc.
TABLE 86 Key Information - Tate & Lyle PLC
TABLE 88 Key Information - Archer Daniels Midland Company
TABLE 89 Key Information - jungbunzlauer suisse ag
TABLE 90 Key Information - HUANGSHI XINGHUA BIOCHEMICAL CO.LTD.
TABLE 91 Key Information - RZBC Group CO., LTD.
TABLE 92 Key Information - Kenko Corporation
TABLE 93 Key Information - Gadot Biochemical Industries Ltd.
TABLE 94 Key Information - Citribel N.V.

North America Citric Acid Market Size, Share & Trends Analysis Report By End-use, By Application, By Product (Biodegradable Polyesters, Bio-PE, Bio-PET, Polylactic Acid, Polyhydroxyalkanoate, and Others), By Country and Growth Forecast, 2023 - 2030