Citric Acid Industry Research Report 2024

Citric Acid Industry Research Report 2024


Citric acid is a weak organic tricarboxylic acid having the chemical formula C6H8O7. It occurs naturally in citrus fruits. In biochemistry, it is an intermediate in the citric acid cycle, which occurs in the metabolism of all aerobic organisms.

It is used widely as an acidifier, as a flavoring and chelating agent.

According to APO Research, The global Citric Acid market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Global Citric Acid key players include Weifang Ensign Industry Co., Ltd., TTCA Co., Ltd, RZBC Group Co. Ltd., Cofco Biochemical (Anhui) Co., Ltd., etc. Global top four manufacturers hold a share over 45%.

China is the largest market, with a share nearly 70%, followed by Europe, and North America, both have a share over 40 percent.

In terms of product, Powder Citric Acid is the largest segment, with a share about 85%. And in terms of application, the largest application is Food and Beverages, followed by Pharmaceuticals and Personal Care, Detergents and Cleansers, etc.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Citric Acid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Citric Acid.

The report will help the Citric Acid manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

The Citric Acid market size, estimations, and forecasts are provided in terms of sales volume (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Citric Acid market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Weifang Ensign Industry Co., Ltd.
TTCA Co., Ltd
RZBC Group Co. Ltd.
Cofco Biochemical (Anhui) Co., Ltd.
Jungbunzlauer Suisse AG
Tate & Lyle
S.A. Citrique Belge N.V.
Archer Daniels Midland Company
Cargill Incorporated
Shandong Juxian Hongde Citric Acid Company Ltd
Huangshi Xinghua Biochemical Co.Ltd
Gadot Biochemical Industries Ltd.

Citric Acid segment by Type
Powder Citric Acid
Liquid Citric Acid

Citric Acid segment by Application
Food and Beverages
Pharmaceuticals and Personal Care
Detergents and Cleansers
Others

Citric Acid Segment by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Citric Acid market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Citric Acid and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Citric Acid.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Citric Acid manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Citric Acid by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Citric Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
Chapter 11: The main points and conclusions of the report.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Citric Acid by Type
2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030) & (US$ Million)
2.2.2 Powder Citric Acid
2.2.3 Liquid Citric Acid
2.3 Citric Acid by Application
2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030) & (US$ Million)
2.3.2 Food and Beverages
2.3.3 Pharmaceuticals and Personal Care
2.3.4 Detergents and Cleansers
2.3.5 Others
2.4 Global Market Growth Prospects
2.4.1 Global Citric Acid Production Value Estimates and Forecasts (2019-2030)
2.4.2 Global Citric Acid Production Capacity Estimates and Forecasts (2019-2030)
2.4.3 Global Citric Acid Production Estimates and Forecasts (2019-2030)
2.4.4 Global Citric Acid Market Average Price (2019-2030)
3 Market Competitive Landscape by Manufacturers
3.1 Global Citric Acid Production by Manufacturers (2019-2024)
3.2 Global Citric Acid Production Value by Manufacturers (2019-2024)
3.3 Global Citric Acid Average Price by Manufacturers (2019-2024)
3.4 Global Citric Acid Industry Manufacturers Ranking, 2022 VS 2023 VS 2024
3.5 Global Citric Acid Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Citric Acid Manufacturers, Product Type & Application
3.7 Global Citric Acid Manufacturers, Date of Enter into This Industry
3.8 Global Citric Acid Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 Weifang Ensign Industry Co., Ltd.
4.1.1 Weifang Ensign Industry Co., Ltd. Citric Acid Company Information
4.1.2 Weifang Ensign Industry Co., Ltd. Citric Acid Business Overview
4.1.3 Weifang Ensign Industry Co., Ltd. Citric Acid Production Capacity, Value and Gross Margin (2019-2024)
4.1.4 Weifang Ensign Industry Co., Ltd. Product Portfolio
4.1.5 Weifang Ensign Industry Co., Ltd. Recent Developments
4.2 TTCA Co., Ltd
4.2.1 TTCA Co., Ltd Citric Acid Company Information
4.2.2 TTCA Co., Ltd Citric Acid Business Overview
4.2.3 TTCA Co., Ltd Citric Acid Production Capacity, Value and Gross Margin (2019-2024)
4.2.4 TTCA Co., Ltd Product Portfolio
4.2.5 TTCA Co., Ltd Recent Developments
4.3 RZBC Group Co. Ltd.
4.3.1 RZBC Group Co. Ltd. Citric Acid Company Information
4.3.2 RZBC Group Co. Ltd. Citric Acid Business Overview
4.3.3 RZBC Group Co. Ltd. Citric Acid Production Capacity, Value and Gross Margin (2019-2024)
4.3.4 RZBC Group Co. Ltd. Product Portfolio
4.3.5 RZBC Group Co. Ltd. Recent Developments
4.4 Cofco Biochemical (Anhui) Co., Ltd.
4.4.1 Cofco Biochemical (Anhui) Co., Ltd. Citric Acid Company Information
4.4.2 Cofco Biochemical (Anhui) Co., Ltd. Citric Acid Business Overview
4.4.3 Cofco Biochemical (Anhui) Co., Ltd. Citric Acid Production Capacity, Value and Gross Margin (2019-2024)
4.4.4 Cofco Biochemical (Anhui) Co., Ltd. Product Portfolio
4.4.5 Cofco Biochemical (Anhui) Co., Ltd. Recent Developments
4.5 Jungbunzlauer Suisse AG
4.5.1 Jungbunzlauer Suisse AG Citric Acid Company Information
4.5.2 Jungbunzlauer Suisse AG Citric Acid Business Overview
4.5.3 Jungbunzlauer Suisse AG Citric Acid Production Capacity, Value and Gross Margin (2019-2024)
4.5.4 Jungbunzlauer Suisse AG Product Portfolio
4.5.5 Jungbunzlauer Suisse AG Recent Developments
4.6 Tate & Lyle
4.6.1 Tate & Lyle Citric Acid Company Information
4.6.2 Tate & Lyle Citric Acid Business Overview
4.6.3 Tate & Lyle Citric Acid Production Capacity, Value and Gross Margin (2019-2024)
4.6.4 Tate & Lyle Product Portfolio
4.6.5 Tate & Lyle Recent Developments
4.7 S.A. Citrique Belge N.V.
4.7.1 S.A. Citrique Belge N.V. Citric Acid Company Information
4.7.2 S.A. Citrique Belge N.V. Citric Acid Business Overview
4.7.3 S.A. Citrique Belge N.V. Citric Acid Production Capacity, Value and Gross Margin (2019-2024)
4.7.4 S.A. Citrique Belge N.V. Product Portfolio
4.7.5 S.A. Citrique Belge N.V. Recent Developments
4.8 Archer Daniels Midland Company
4.8.1 Archer Daniels Midland Company Citric Acid Company Information
4.8.2 Archer Daniels Midland Company Citric Acid Business Overview
4.8.3 Archer Daniels Midland Company Citric Acid Production Capacity, Value and Gross Margin (2019-2024)
4.8.4 Archer Daniels Midland Company Product Portfolio
4.8.5 Archer Daniels Midland Company Recent Developments
4.9 Cargill Incorporated
4.9.1 Cargill Incorporated Citric Acid Company Information
4.9.2 Cargill Incorporated Citric Acid Business Overview
4.9.3 Cargill Incorporated Citric Acid Production Capacity, Value and Gross Margin (2019-2024)
4.9.4 Cargill Incorporated Product Portfolio
4.9.5 Cargill Incorporated Recent Developments
4.10 Shandong Juxian Hongde Citric Acid Company Ltd
4.10.1 Shandong Juxian Hongde Citric Acid Company Ltd Citric Acid Company Information
4.10.2 Shandong Juxian Hongde Citric Acid Company Ltd Citric Acid Business Overview
4.10.3 Shandong Juxian Hongde Citric Acid Company Ltd Citric Acid Production Capacity, Value and Gross Margin (2019-2024)
4.10.4 Shandong Juxian Hongde Citric Acid Company Ltd Product Portfolio
4.10.5 Shandong Juxian Hongde Citric Acid Company Ltd Recent Developments
4.11 Huangshi Xinghua Biochemical Co.Ltd
4.11.1 Huangshi Xinghua Biochemical Co.Ltd Citric Acid Company Information
4.11.2 Huangshi Xinghua Biochemical Co.Ltd Citric Acid Business Overview
4.11.3 Huangshi Xinghua Biochemical Co.Ltd Citric Acid Production Capacity, Value and Gross Margin (2019-2024)
4.11.4 Huangshi Xinghua Biochemical Co.Ltd Product Portfolio
4.11.5 Huangshi Xinghua Biochemical Co.Ltd Recent Developments
4.12 Gadot Biochemical Industries Ltd.
4.12.1 Gadot Biochemical Industries Ltd. Citric Acid Company Information
4.12.2 Gadot Biochemical Industries Ltd. Citric Acid Business Overview
4.12.3 Gadot Biochemical Industries Ltd. Citric Acid Production Capacity, Value and Gross Margin (2019-2024)
4.12.4 Gadot Biochemical Industries Ltd. Product Portfolio
4.12.5 Gadot Biochemical Industries Ltd. Recent Developments
5 Global Citric Acid Production by Region
5.1 Global Citric Acid Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.2 Global Citric Acid Production by Region: 2019-2030
5.2.1 Global Citric Acid Production by Region: 2019-2024
5.2.2 Global Citric Acid Production Forecast by Region (2025-2030)
5.3 Global Citric Acid Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.4 Global Citric Acid Production Value by Region: 2019-2030
5.4.1 Global Citric Acid Production Value by Region: 2019-2024
5.4.2 Global Citric Acid Production Value Forecast by Region (2025-2030)
5.5 Global Citric Acid Market Price Analysis by Region (2019-2024)
5.6 Global Citric Acid Production and Value, YOY Growth
5.6.1 North America Citric Acid Production Value Estimates and Forecasts (2019-2030)
5.6.2 Europe Citric Acid Production Value Estimates and Forecasts (2019-2030)
5.6.3 China Citric Acid Production Value Estimates and Forecasts (2019-2030)
5.6.4 Japan Citric Acid Production Value Estimates and Forecasts (2019-2030)
5.6.5 Israel Citric Acid Production Value Estimates and Forecasts (2019-2030)
6 Global Citric Acid Consumption by Region
6.1 Global Citric Acid Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
6.2 Global Citric Acid Consumption by Region (2019-2030)
6.2.1 Global Citric Acid Consumption by Region: 2019-2030
6.2.2 Global Citric Acid Forecasted Consumption by Region (2025-2030)
6.3 North America
6.3.1 North America Citric Acid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.3.2 North America Citric Acid Consumption by Country (2019-2030)
6.3.3 U.S.
6.3.4 Canada
6.4 Europe
6.4.1 Europe Citric Acid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.4.2 Europe Citric Acid Consumption by Country (2019-2030)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.5 Asia Pacific
6.5.1 Asia Pacific Citric Acid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.5.2 Asia Pacific Citric Acid Consumption by Country (2019-2030)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 China Taiwan
6.5.7 Southeast Asia
6.5.8 India
6.5.9 Australia
6.6 Latin America, Middle East & Africa
6.6.1 Latin America, Middle East & Africa Citric Acid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.6.2 Latin America, Middle East & Africa Citric Acid Consumption by Country (2019-2030)
6.6.3 Mexico
6.6.4 Brazil
6.6.5 Turkey
6.6.5 GCC Countries
7 Segment by Type
7.1 Global Citric Acid Production by Type (2019-2030)
7.1.1 Global Citric Acid Production by Type (2019-2030) & (K MT)
7.1.2 Global Citric Acid Production Market Share by Type (2019-2030)
7.2 Global Citric Acid Production Value by Type (2019-2030)
7.2.1 Global Citric Acid Production Value by Type (2019-2030) & (US$ Million)
7.2.2 Global Citric Acid Production Value Market Share by Type (2019-2030)
7.3 Global Citric Acid Price by Type (2019-2030)
8 Segment by Application
8.1 Global Citric Acid Production by Application (2019-2030)
8.1.1 Global Citric Acid Production by Application (2019-2030) & (K MT)
8.1.2 Global Citric Acid Production by Application (2019-2030) & (K MT)
8.2 Global Citric Acid Production Value by Application (2019-2030)
8.2.1 Global Citric Acid Production Value by Application (2019-2030) & (US$ Million)
8.2.2 Global Citric Acid Production Value Market Share by Application (2019-2030)
8.3 Global Citric Acid Price by Application (2019-2030)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Citric Acid Value Chain Analysis
9.1.1 Citric Acid Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Citric Acid Production Mode & Process
9.2 Citric Acid Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Citric Acid Distributors
9.2.3 Citric Acid Customers
10 Global Citric Acid Analyzing Market Dynamics
10.1 Citric Acid Industry Trends
10.2 Citric Acid Industry Drivers
10.3 Citric Acid Industry Opportunities and Challenges
10.4 Citric Acid Industry Restraints
11 Report Conclusion
12 Disclaimer

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