Citric Acid Market, By Forms (Powder, Anhydrous, Monohydrous, Liquid), By Grade (Food Grade, Industrial Grade, Pharmaceutical Grade), By End-use (Food & Beverages, Pharmaceutical/Personal Care, Animal Feed, Metal Finishing & Cleaning, Others), By Application (Acidulant, Cleaning Agent, Binding Agent, Preservative, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Citric acid belongs to the class of natural substances known as flavonoids. These are a class of naturally occurring organic chemicals which are thought to have a health benefit when consumed in appropriate quantities (these should not exceed 50 mg per serving). There are a variety of uses for this type of acid based product both in the culinary arts and in various manufacturing industries. Citric acid is a naturally occurring organic acid found in many fruits and vegetables. In fact, it has been utilized for thousands of years already in food manufacturing industry.
Market Dynamics:
Growing demand for natural food ingredient is driving growth of the citric acid market. Moreover, increasing popularity of vitamins and supplements is again fostering growth of the market. Furthermore, expansion of the processed food industry across India and China is further anticipated to augment growth of the market. According to the India Brand Equity Foundation, India’s food processing sector is one of the largest in the world and its output is expected to reach US$ 535 billion by 2025-26. This sector is expected to generate 9 million jobs by 2024.
On the other hand, side-effect associated with excessive consumption is expected to hinder growth of the market.
Key features of the study:
This report provides in-depth analysis of the citric acid market, and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global citric acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Archer Daniels Midland Company, Jungbunzlauer Suisse AG, Basel, Pfizer Inc., Shandong Juxian Hongde Citric Acid Co. Ltd., Delek Group, Cargill, Incorporated, Weifang Ensign Industry Co., Ltd., Tate & Lyle plc., COFCO Biochemical (AnHui) Co. Ltd., and RZBC GROUP
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global citric acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global citric acid market
Detailed Segmentation:
Global Citric acid Market, By Form:
Powder
Anhydrous
Monohydrous
Liquid
Global Citric acid Market, By Application:
Acidulant
Cleaning Agent
Binding Agent
Preservative
Others
Global Citric acid Market, By Grade:
Food Grade
Industrial Grade
Pharmaceutical Grade
Global Citric acid Market, By End Use:
Food & Beverages
Bakery & Confectionery
Dairy
Convenience Food
Beverages
Jams & Preserve
Others
Pharmaceutical/Personal Care
Animal Feed
Metal Finishing & Cleaning
Others
Global Citric acid Market, By Region:
North America
By Forms:
Powder
Anhydrous
Monohydrous
Liquid
Global Citric acid Market, By Grade:
Food Grade
Industrial Grade
Pharmaceutical Grad
By Application Type:
Acidulant
Cleaning Agent
Binding Agent
Preservative
Others
Global Citric acid Market, By End Use:
Food & Beverages
Bakery & Confectionery
Dairy
Convenience Food
Beverages
Jams & Preserve
Others
Pharmaceutical/Personal Care
Animal Feed
Metal Finishing & Cleaning
Others
By Sub region
Canada
U.S.
Latin America
By Forms:
Powder
Anhydrous
Monohydrous
Liquid
Global Citric acid Market, By Grade:
Food Grade
Industrial Grade
Pharmaceutical Grad
By Application Type:
Acidulant
Cleaning Agent
Binding Agent
Preservative
Others
Global Citric acid Market, By End Use:
Food & Beverages
Bakery & Confectionery
Dairy
Convenience Food
Beverages
Jams & Preserve
Others
Pharmaceutical/Personal Care
Animal Feed
Metal Finishing & Cleaning
Others
By Country
Brazil
Argentina
Mexico
Rest of Latin America
Europe
By Forms:
Powder
Anhydrous
Monohydrous
Liquid
Global Citric acid Market, By Grade:
Food Grade
Industrial Grade
Pharmaceutical Grad
By Application Type:
Acidulant
Cleaning Agent
Binding Agent
Preservative
Others
Global Citric acid Market, By End Use:
Food & Beverages
Bakery & Confectionery
Dairy
Convenience Food
Beverages
Jams & Preserve
Others
Pharmaceutical/Personal Care
Animal Feed
Metal Finishing & Cleaning
Others
By Country
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
By Forms:
Powder
Anhydrous
Monohydrous
Liquid
Global Citric acid Market, By Grade:
Food Grade
Industrial Grade
Pharmaceutical Grad
By Application Type:
Acidulant
Cleaning Agent
Binding Agent
Preservative
Others
Global Citric acid Market, By End Use:
Food & Beverages
Bakery & Confectionery
Dairy
Convenience Food
Beverages
Jams & Preserve
Others
Pharmaceutical/Personal Care
Animal Feed
Metal Finishing & Cleaning
Others
By Country
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East and Africa
By Forms:
Powder
Anhydrous
Monohydrous
Liquid
Global Citric acid Market, By Grade:
Food Grade
Industrial Grade
Pharmaceutical Grad
By Application Type:
Acidulant
Cleaning Agent
Binding Agent
Preservative
Others
Global Citric acid Market, By End Use:
Food & Beverages
Bakery & Confectionery
Dairy
Convenience Food
Beverages
Jams & Preserve
Others
Pharmaceutical/Personal Care
Animal Feed
Metal Finishing & Cleaning
Others
By Sub region
Middle East
Africa
Company Profiles
Archer Daniels Midland Company
Jungbunzlauer Suisse AG, Basel
Pfizer Inc.
Shandong Juxian Hongde Citric Acid Co. Ltd.
Delek Group
Cargill, Incorporated
Weifang Ensign Industry Co., Ltd.
Tate & Lyle plc.
COFCO Biochemical (AnHui) Co. Ltd.
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Grade
- Market Snippet, By Application
- Market Snippet, By End Use
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- Global Citric Acid Market 2017 - 2028 - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting Global Citric Acid Market – COVID-19
- Impact Analysis
- Global Citric Acid Market, By Grade, 2017 - 2028 (US$ Mn & Tons)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 - 2028
- Segment Trends
- Food Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn & Tons)
- Industrial Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn & Tons)
- Pharmaceutical Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn & Tons)
- 4. Global Citric Acid Market, By Application, 2017 - 2028 (US$ Mn & Tons)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 - 2028
- Segment Trends
- Acidulant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn & Tons)
- Cleaning Agent
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn & Tons)
- Binding Agent
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn & Tons)
- Preservative
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn & Tons)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn & Tons)
- 5. Global Citric Acid Market, By End Use, 2017 - 2028 (US$ Mn & Tons)
- Introduction
- Market Share Analysis, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, 2017 - 2028
- Segment Trends
- Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn & Tons)
- Sub-segment Trends
- Bakery & Confectionery
- Dairy
- Convenience Food
- Beverages
- Jams & Preserves
- Others
- Pharmaceutical/Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn & Tons)
- Animal Feed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn & Tons)
- Metal Finishing & Cleaning
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn & Tons)
- 6. Global Citric Acid Market, By Region, 2017-2028 (US$ Mn & Tons)
- Introduction
- Market Share Analysis, By Region, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, For Regions, 2017 - 2028
- North America
- Market Size and Forecast, By Grade, 2017 - 2028 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn & Tons)
- Market Size and Forecast, By End-use, 2017 - 2028 (US$ Mn & Tons)
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2028
- Country Trends
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Grade, 2017 - 2028 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn & Tons)
- Market Size and Forecast, By End-use, 2017 - 2028 (US$ Mn & Tons)
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2028
- Country Trends
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Size and Forecast, By Grade, 2017 - 2028 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn & Tons)
- Market Size and Forecast, By End-use, 2017 - 2028 (US$ Mn & Tons)
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2028
- Country Trends
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Grade, 2017 - 2028 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn & Tons)
- Market Size and Forecast, By End-use, 2017 - 2028 (US$ Mn & Tons)
- Market Share Analysis, By Country, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, By Country, 2017 - 2028
- Country Trends
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- Market Size and Forecast, By Grade, 2017 - 2028 (US$ Mn & Tons)
- Market Size and Forecast, By Application, 2017 - 2028 (US$ Mn & Tons)
- Market Size and Forecast, By End-use, 2017 - 2028 (US$ Mn & Tons)
- Market Share Analysis, By Sub-region, 2022 and 2028 (%)
- Y-o-Y Growth Analysis, By Sub-region, 2017 - 2028
- Sub-region Trends
- Africa
- Middle East
- 7. Competitive Landscape
- Market Share Analysis
- Company Profiles
- Archer Daniels Midland Company
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Jungbunzlauer Suisse AG, Basel
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Pfizer Inc.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Shandong Juxian Hongde Citric Acid Co. Ltd.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Delek Group
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Cargill, Incorporated
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Weifang Ensign Industry Co., Ltd.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Tate & Lyle plc
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- COFCO Biochemical (AnHui) Co. Ltd.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- 8. Section
- References
- Research Methodology
- About us and Sales Contact
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