Citric Acid Market Research Report Forecast Till 2030

Citric Acid Market Size is anticipated to register a CAGR of 4.12% during the forecast period. Made citric acid is additionally generally utilized in food and drug ventures. Citric acid is one of the most generally utilized food-added substances.

Because of its many advantages, citric acid is utilized as an added substance in a wide assortment of items, including food, drinks, individual consideration items, cleaning agents and cleansers, drug items, clinical sustenance, feed, and pet food. At the point when put away in its unique, unopened jug, citric acid keeps up with its synthetic cosmetics and strength for something like five years. Due to its long stockpiling life, it tracks down applications as an additive, seasoning, and shading specialist. As individuals more deeply study the destructive impacts of synthetic compounds, they select natural items. The eventual fate of the citric acid industry is looking brilliant accordingly.

Due to its flexibility in the food business, fluid citric acid, a somewhat frail natural acid, has tracked down boundless use. Numerous ventures utilize these fixings due to their acidulant, additive, cancer prevention agent, and sequestrant properties. Many child food varieties that have been handled incorporate citric acid since it is useful to a child's development and improvement. It's likewise a vital fix in many breakfast grains and nibble food varieties. Notwithstanding its acidic properties, citric acid anhydrous is used as a sugar substitute in numerous pastries, frozen treats, and different food sources. The development of dairy and meat substitutes has extended lately, which may likewise build the interest for citric acid anhydrous on the market. Citric acid anhydrous is normally utilized in creating cocktails and carbonated soda pops because of its acidic qualities.

Market Segmentation

Based on Form, the Citric Acid Market segmentation includes anhydrous and liquid.

Based on Function, the Market segmentation includes acidulant, antioxidant, preservative, and flavoring agents. Based on the Application, the global Citric Acid industry market data has been categorized as food and beverages, pharmaceuticals and nutraceuticals, personal care, and others.

Regional Insights

North America Citric Acid market has held the biggest market divide between the region in the Citric Acid Market.

Jungbunzlauer Suisse AG, Basel (Jungbunzlauer) Is one of the world's driving makers of biodegradable elements of regular beginning. Citric acid, gluconates, lactics, specialty salts, sugars, and biogums are undeniably created by the firm for use in different modern applications, remembering those for food, drink, drug, cleaning, clothing, and corrective enterprises. More than 130 countries are served by the organization's four creation offices, three situated in Europe (France, Germany, and Austria) and one in Canada. Furthermore, it has deals with workplaces in the Netherlands, India, Japan, Singapore, Mexico, the US, and Mexico. In 2021, the organization's yearly income will outperform USD 1,058.18 million.

Major Players

Key Companies in the Citric Acid market are ADM (Archer-Daniels-Midland Company), Cargill, Incorporated, Tate & Lyle, Jungbunzlauer, Citribel nv, RZBC GROUP CO., LTD., SHANDONG ENSIGN INDUSTRY CO., LTD., Huangshi Xinghua Biochemical Co.Ltd., and Gadot Biochemical Industries Ltd.

Product Code: MRFR/F-B & N/1211-CR

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 16

1.1 MARKET ATTRACTIVENESS ANALYSIS 18
1.2 GLOBAL CITRIC ACID MARKET, BY FORM 19
1.3 GLOBAL CITRIC ACID MARKET, BY FUNCTION 20
1.4 GLOBAL CITRIC ACID MARKET ANALYSIS, BY APPLICATION 21
1.5 GLOBAL CITRIC ACID MARKET ANALYSIS, BY REGION 22

2 MARKET INTRODUCTION 23

2.1 DEFINITION 23
2.2 SCOPE OF THE STUDY 23
2.3 MARKET STRUCTURE 24

3 RESEARCH METHODOLOGY 25

3.1 RESEARCH PROCESS 25
3.2 PRIMARY RESEARCH 26
3.3 SECONDARY RESEARCH 27
3.4 MARKET SIZE ESTIMATION 27
3.5 TOP-DOWN AND BOTTOM-UP APPROACH 28
3.6 FORECAST MODEL 29
3.7 LIST OF ASSUMPTIONS & LIMITATIONS 30

4 MARKET DYNAMICS 31

4.1 INTRODUCTION 31
4.2 DRIVERS 32
- 4.2.1 SUSTAINED DEMAND FROM THE FOOD & BEVERAGE INDUSTRY 32
- 4.2.2 ESCALATING DEMAND FROM THE PHARMACEUTICAL INDUSTRY 33
4.3 RESTRAINTS 36
- 4.3.1 EVER-PREVALENT COMPETITION AMONG MANUFACTURERS AND AVAILABILITY OF CLOSE SUBSTITUTES 36
4.4 OPPORTUNITIES 37
- 4.4.1 CLEAN LABEL TREND TO CREATE FUTURE REVENUE-GENERATING OPPORTUNITIES FOR MANUFACTURERS 37
- 4.4.2 EMERGING DEMAND FROM USAGE IN DIVERSE COSMETIC PRODUCTS & FORMULATIONS 38
4.5 TRENDS 39
- 4.5.1 RISING PREVALENCE OF RTD BEVERAGES 39

5 MARKET FACTOR ANALYSIS 40

5.1 SUPPLY CHAIN ANALYSIS 40
- 5.1.1 RAW MATERIAL SUPPLIERS 40
- 5.1.2 CITRIC ACID MANUFACTURERS 41
- 5.1.3 DISTRIBUTION & SALES CHANNEL 42
- 5.1.4 APPLICATION 42
5.2 PORTER'S FIVE FORCES ANALYSIS 43
- 5.2.1 THREAT OF NEW ENTRANTS 43
- 5.2.2 BARGAINING POWER OF SUPPLIERS 44
- 5.2.3 THREAT OF SUBSTITUTES 44
- 5.2.4 BARGAINING POWER OF BUYERS 44
- 5.2.5 INTENSITY OF RIVALRY 45
5.3 IMPACT OF COVID 19 OUTBREAK ON THE CITRIC ACID MARKET 45
- 5.3.1 IMPACT OF COVID-19 ON THE SUPPLY CHAIN OF CITRIC ACID 45
- 5.3.2 IMPACT OF COVID-19 ON CITRIC ACID END-USE INDUSTRIES 46

6 GLOBAL CITRIC ACID MARKET, BY FORM 49

6.1 OVERVIEW 49
- 6.1.1 CITRIC ACID: MARKET ESTIMATES & FORECAST BY FORM, 2019-2030 49
- 6.1.2 CITRIC ACID: MARKET ESTIMATES & FORECAST BY FORM, 2019-2030 50
6.2 ANHYDROUS 51
- 6.2.1 ANHYDROUS: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 51
6.3 LIQUID 52
- 6.3.1 LIQUID: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 52

7 GLOBAL CITRIC ACID MARKET, BY FUNCTION 53

7.1 OVERVIEW 53
- 7.1.1 CITRIC ACID: MARKET ESTIMATES & FORECAST BY FUNCTION, 2019-2030 53
- 7.1.2 CITRIC ACID: MARKET ESTIMATES & FORECAST BY FUNCTION, 2019-2030 54
7.2 ACIDULANT 55
- 7.2.1 ACIDULANT: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 55
7.3 ANTIOXIDANT 56
- 7.3.1 ANTIOXIDANT: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 56
7.4 PRESERVATIVE 57
- 7.4.1 PRESERVATIVE: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 57
7.5 FLAVORING AGENT 58
- 7.5.1 FLAVORING AGENT: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 58

8 GLOBAL CITRIC ACID MARKET, BY APPLICATION 59

8.1 OVERVIEW 59
- 8.1.1 CITRIC ACID: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030 60
- 8.1.2 CITRIC ACID: MARKET ESTIMATES & FORECAST BY APPLICATION, 2019-2030 61
8.2 FOOD & BEVERAGES 61
8.3 PHARMACEUTICALS & NUTRACEUTICALS 62
- 8.3.1 PHARMACEUTICALS & NUTRACEUTICALS: MARKET ESTIMATES & FORECAST BY REGION,2019-2030 62
8.4 PERSONAL CARE 63
8.5 OTHERS 64

9 GLOBAL CITRIC ACID MARKET, BY REGION 66

9.1 OVERVIEW 66
9.2 NORTH AMERICA 68
- 9.2.1 US 72
- 9.2.2 CANADA 75
- 9.2.3 MEXICO 77
9.3 EUROPE 81
- 9.3.1 GERMANY 85
- 9.3.2 ITALY 88
- 9.3.3 FRANCE 91
- 9.3.4 SPAIN 94
- 9.3.5 UK 97
- 9.3.6 REST OF EUROPE 100
9.4 ASIA-PACIFIC 103
- 9.4.1 CHINA 106
- 9.4.2 INDIA 109
- 9.4.3 JAPAN 112
- 9.4.4 AUSTRALIA & NEW ZEALAND 115
- 9.4.5 REST OF ASIA-PACIFIC 118
9.5 REST OF THE WORLD 122
- 9.5.1 SOUTH AMERICA 125
- 9.5.2 MIDDLE EAST 128
- 9.5.3 AFRICA 131

10 COMPETITIVE LANDSCAPE 135

10.1 MARKET INTRODUCTION 135
10.2 KEY DEVELOPMENTS 135
10.3 GLOBAL MARKET STRATEGY ANALYSIS 135
10.4 COMPETITIVE BENCHMARKING 136

11 COMPANY PROFILES 137

11.1 ADM (ARCHR DANIELS MIDLAND COMPANY) 137
- 11.1.1 COMPANY OVERVIEW 137
- 11.1.2 FINANCIAL OVERVIEW 138
- 11.1.3 PRODUCTS 138
- 11.1.4 KEY DEVELOPMENTS 139
- 11.1.5 SWOT ANALYSIS 139
- 11.1.6 KEY STRATEGIES 139
11.2 CARGILL, INCORPORATED 140
- 11.2.1 COMPANY OVERVIEW 140
- 11.2.2 FINANCIAL OVERVIEW 140
- 11.2.3 PRODUCTS 140
- 11.2.4 KEY DEVELOPMENTS 140
- 11.2.5 SWOT ANALYSIS 141
- 11.2.6 KEY STRATEGIES 141
11.3 TATE & LYLE 142
- 11.3.1 COMPANY OVERVIEW 142
- 11.3.2 FINANCIAL OVERVIEW 143
- 11.3.3 PRODUCTS 143
- 11.3.4 KEY DEVELOPMENTS 143
- 11.3.5 SWOT ANALYSIS 144
- 11.3.6 KEY STRATEGIES 144
11.4 JUNGBUNZLAUER SUISSE AG, BASEL (JUNGBUNZLAUER ) 145
- 11.4.1 COMPANY OVERVIEW 145
- 11.4.2 FINANCIAL OVERVIEW 145
- 11.4.3 PRODUCTS 145
- 11.4.4 KEY DEVELOPMENTS 145
- 11.4.5 SWOT ANALYSIS 146
- 11.4.6 KEY STRATEGIES 146
11.5 CITRIBEL NV 147
- 11.5.1 COMPANY OVERVIEW 147
- 11.5.2 FINANCIAL OVERVIEW 147
- 11.5.3 PRODUCTS 147
- 11.5.4 KEY DEVELOPMENTS 147
- 11.5.5 SWOT ANALYSIS 148
- 11.5.6 KEY STRATEGIES 148
11.6 RZBC GROUP CO., LTD. (RZBC) 149
- 11.6.1 COMPANY OVERVIEW 149
- 11.6.2 FINANCIAL OVERVIEW 149
- 11.6.3 PRODUCTS 149
- 11.6.4 KEY DEVELOPMENTS 149
- 11.6.5 SWOT ANALYSIS 150
- 11.6.6 KEY STRATEGIES 150
11.7 SHANDONG ENSIGN INDUSTRY CO., LTD. 151
- 11.7.1 COMPANY OVERVIEW 151
- 11.7.2 FINANCIAL OVERVIEW 151
- 11.7.3 PRODUCTS 151
- 11.7.4 KEY DEVELOPMENTS 151
- 11.7.5 SWOT ANALYSIS 152
- 11.7.6 KEY STRATEGIES 152
11.8 HUANGSHI XINGHUA BIOCHEMICAL CO.LTD. 153
- 11.8.1 COMPANY OVERVIEW 153
- 11.8.2 FINANCIAL OVERVIEW 153
- 11.8.3 PRODUCTS 153
- 11.8.4 KEY DEVELOPMENTS 153
- 11.8.5 SWOT ANALYSIS 154
- 11.8.6 KEY STRATEGIES 154
11.9 GADOT BIOCHEMICAL INDUSTRIES LTD. 155
- 11.9.1 COMPANY OVERVIEW 155
- 11.9.2 FINANCIAL OVERVIEW 155
- 11.9.3 PRODUCTS 155
- 11.9.4 KEY DEVELOPMENTS 155
- 11.9.5 SWOT ANALYSIS 156
- 11.9.6 KEY STRATEGIES 156
11.10 COFCO 157
- 11.10.1 COMPANY OVERVIEW 157
- 11.10.2 FINANCIAL OVERVIEW 157
- 11.10.3 PRODUCTS 157
- 11.10.4 KEY DEVELOPMENTS 157
- 11.10.5 SWOT ANALYSIS 158
- 11.10.6 KEY STRATEGIES 158

12 APPENDIX 159

12.1 REFERENCES 159
12.2 RELATED REPORTS 160