Global Citric Acid Market was valued US$3.2 Bn in 2017 and is estimated to reach US$4.8 Bn by 2026 at a CAGR of more than 5.2% during a forecast period.
Global Citric Acid Market is segmented by Form, by Application, by function, and by Region.
Citric Acid Market by form segment is classified into anhydrous and liquid. By application segment classified into food, pharmaceuticals, and cosmetics. By function, segment is classified into acidulant, antioxidant, preservative, and sequestrant. Geographically split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Based on form liquid segment headed the Citric Acid market. The liquid form is used in various food and dairy products due to its advantageous properties such as acidifying agents, texture modification and flavor enhancement. The liquid form is also used in the oil industry as an iron control additive for chelating and maintaining the pH of acidizing fluids to help to decrease the precipitation of iron in oil.
In application, food segment is growing at the highest CAGR during the forecast period. The high market share of the food segment can be attributed to the wide usage in ice-cream and dietary supplements. It is used to control the pH value in medicines and form salt derivatives of minerals and metals in pharmaceuticals. It is employed in conjunction with sodium bicarbonate in effervescent methods for the manufacturing of personal care and ingestion tablets & powder products.
The increasing demand of citric acid from detergents & cleaners, end-user industries, consumers preferring products including plant-based natural ingredients, the food, and beverage industry is driving factor for the growth of the global citric acid market during the forecast period. The demand for carbonated soft drinks and ready-to-eat products due to the increasing urban population and changing consumer styles are assisting to the demand for citric acid in the food and beverage industry. There is a growing demand for citric acid in the detergents and cleaners segment due to it is non-toxic, non-corrosive and biodegradable characteristics.
The segment is anticipated to showcase large growth during the forecast period.
Asia Pacific Citric Acid market is projected to grow at the highest CAGR during the forecast period. Growth in the Asia Pacific region is chiefly due to China. The growing food industry, the growing acceptance of ready-to-drink (carbonated) beverages, and processed food also cosmetics and personal care, pharmaceuticals, and home care are anticipated to drive the regional product market. Relaxed investment norms, low production cost and the availability of cheap labor to contribute to the growth of the market during the forecast period. The European region is anticipated to witness high growth owing to increasing demand from foods & beverages industry. All other regions are following to contribute the growth in the Citric Acid market.
The report includes detailed profiles of the prominent market players that are trending in the market. Archer Daniels Midland Company, Cargill, Merck KGaA, Tate & Lyle, COFCO Biochemical, Jungbunzlauer Suisse AG, HUANGSHI XINGHUA BIOCHEMICAL CO.LTD., RZBC GROUP CO., Weifang Ensign Industry Co., Gadot Biochemicals Industries LTD., S.A. Citrique Belge N.V., and Pfizer Inc., among others.
Scope of the Global Citric Acid Market
Global Citric Acid Market By Form:
Anhydrous
Liquid
Global Citric Acid Market By Application:
Food
Pharmaceuticals
Cosmetics
Global Citric Acid Market By Function:
Acidulant
Antioxidant
Preservative
Sequestrant
Global Citric Acid Market By Region:
North America
Europe
Asia Pacific
Latin America
The Middle East and Africa
Key Player analyzed in the Global Citric Acid Market:
Archer Daniels Midland Company
Cargill
Merck KGaA
Tate & Lyle
COFCO Biochemical
Jungbunzlauer Suisse AG
HUANGSHI XINGHUA BIOCHEMICAL CO.LTD.
RZBC GROUP CO.
Weifang Ensign Industry Co.
Gadot Biochemicals Industries LTD.
S.A. Citrique Belge N.V.
Pfizer Inc.
Global Citric Acid Market
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
1.4. Key Questions Answered
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations Used
2.3. Research Methodology
3. Executive Summary
3.1. Global Citric Acid Meter Market Size, by Market Value (US$ Mn) and Market, by Region
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.3. Drivers and Restraints Snapshot Analysis
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.3.4. Porter’s Analysis
4.3.5. Value Chain Analysis
4.3.6. SWOT Analysis
5. Global Citric Acid Meter Market Analysis and Forecast
5.1. Global Citric Acid Meter Market Analysis and Forecast
5.2. Global Citric Acid Meter Market Size& Y-o-Y Growth Analysis
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Middle East & Africa
5.2.5. Latin America
6. Global Citric Acid Meter Market Analysis and Forecast, by Form
6.1. Introduction and Definition
6.2. Key Findings
6.3. Global Citric Acid Meter Market Value Share Analysis, by Form
6.4. Market Size (US$ Mn) Forecast, by Form
6.5. Global Citric Acid Meter Market Analysis, by Form
6.6. Citric Acid Meter Market Attractiveness Analysis, by Form
7. Global Citric Acid Meter Market Analysis and Forecast, by Application
7.1. Introduction and Definition
7.2. Global Citric Acid Meter Market Value Share Analysis, by Application
7.3. Market Size (US$ Mn) Forecast, by Application
7.4. Global Citric Acid Meter Market Analysis, by Application
7.5. Global Citric Acid Meter Market Attractiveness Analysis, by Application
8. Global Citric Acid Meter Market Analysis and Forecast, by Function
8.1. Introduction and Definition
8.2. Global Citric Acid Meter Market Value Share Analysis, by Function
8.3. Market Size (US$ Mn) Forecast, by Function
8.4. Global Citric Acid Meter Market Analysis, by Function
8.5. Global Citric Acid Meter Market Attractiveness Analysis, by Function
9. Global Citric Acid Meter Market Analysis, by Region
9.1. Global Citric Acid Meter Market Value Share Analysis, by Region
9.2. Market Size (US$ Mn) Forecast, by Region
9.3. Global Citric Acid Meter Market Attractiveness Analysis, by Region
10. North America Citric Acid Meter Market Analysis
10.1. Key Findings
10.2. North America Citric Acid Meter Market Overview
10.3. North America Citric Acid Meter Market Value Share Analysis, by Form
10.4. North America Citric Acid Meter Market Forecast, by Form
10.4.1. Anhydrous
10.4.2. Liquid
10.5. North America Citric Acid Meter Market Value Share Analysis, by Application
10.6. North America Citric Acid Meter Market Forecast, by Application
10.6.1. Food
10.6.2. Pharmaceuticals
10.6.3. Cosmetics
10.7. North America Citric Acid Meter Market Value Share Analysis, by Function
10.8. North America Citric Acid Meter Market Forecast, by Function
10.8.1. Acidulant
10.8.2. Antioxidant
10.8.3. Preservative
10.8.4. Sequestrant
10.9. North America Citric Acid Meter Market Value Share Analysis, by Country
10.10. North America Citric Acid Meter Market Forecast, by Country
10.10.1. U.S.
10.10.2. Canada
10.11. North America Citric Acid Meter Market Analysis, by Country
10.12. U.S. Citric Acid Meter Market Forecast, by Form
10.12.1. Anhydrous
10.12.2. Liquid
10.13. U.S. Citric Acid Meter Market Forecast, by Application
10.13.1. Food
10.13.2. Pharmaceuticals
10.13.3. Cosmetics
10.14. U.S. Citric Acid Meter Market Forecast, by Function
10.14.1. Acidulant
10.14.2. Antioxidant
10.14.3. Preservative
10.14.4. Sequestrant
10.15. Canada Citric Acid Meter Market Forecast, by Form
10.15.1. Anhydrous
10.15.2. Liquid
10.16. Canada Citric Acid Meter Market Forecast, by Application
10.16.1. Food
10.16.2. Pharmaceuticals
10.16.3. Cosmetics
10.17. Canada Citric Acid Meter Market Forecast, by Function
10.17.1. Acidulant
10.17.2. Antioxidant
10.17.3. Preservative
10.17.4. Sequestrant
10.18. North America Citric Acid Meter Market Attractiveness Analysis
10.18.1. By Form
10.18.2. By Application
10.18.3. By Function
10.19. PEST Analysis
11. Europe Citric Acid Meter Market Analysis
11.1. Key Findings
11.2. Europe Citric Acid Meter Market Overview
11.3. Europe Citric Acid Meter Market Value Share Analysis, by Form
11.4. Europe Citric Acid Meter Market Forecast, by Form
11.4.1. Anhydrous
11.4.2. Liquid
11.5. Europe Citric Acid Meter Market Value Share Analysis, by Application
11.6. Europe Citric Acid Meter Market Forecast, by Application
11.6.1. Food
11.6.2. Pharmaceuticals
11.6.3. Cosmetics
11.7. Europe Citric Acid Meter Market Value Share Analysis, by Function
11.8. Europe Citric Acid Meter Market Forecast, by Function
11.8.1. Acidulant
11.8.2. Antioxidant
11.8.3. Preservative
11.8.4. Sequestrant
11.9. Europe Citric Acid Meter Market Value Share Analysis, by Country
11.10. Europe Citric Acid Meter Market Forecast, by Country
11.10.1. Germany
11.10.2. U.K.
11.10.3. France
11.10.4. Italy
11.10.5. Spain
11.10.6. Rest of Europe
11.11. Europe Citric Acid Meter Market Analysis, by Country/ Sub-region
11.12. Germany Citric Acid Meter Market Forecast, by Form
11.12.1. Anhydrous
11.12.2. Liquid
11.13. Germany Citric Acid Meter Market Forecast, by Application
11.13.1. Food
11.13.2. Pharmaceuticals
11.13.3. Cosmetics
11.14. Germany Citric Acid Meter Market Forecast, by Function
11.14.1. Acidulant
11.14.2. Antioxidant
11.14.3. Preservative
11.14.4. Sequestrant
11.15. U.K. Citric Acid Meter Market Forecast, by Form
11.15.1. Anhydrous
11.15.2. Liquid
11.16. U.K. Citric Acid Meter Market Forecast, by Application
11.16.1. Food
11.16.2. Pharmaceuticals
11.16.3. Cosmetics
11.17. U.K. Citric Acid Meter Market Forecast, by Function
11.17.1. Acidulant
11.17.2. Antioxidant
11.17.3. Preservative
11.17.4. Sequestrant
11.18. France Citric Acid Meter Market Forecast, by Form
11.18.1. Anhydrous
11.18.2. Liquid
11.19. France Citric Acid Meter Market Forecast, by Application
11.19.1. Food
11.19.2. Pharmaceuticals
11.19.3. Cosmetics
11.20. France Citric Acid Meter Market Forecast, by Function
11.20.1. Acidulant
11.20.2. Antioxidant
11.20.3. Preservative
11.20.4. Sequestrant
11.21. Italy Citric Acid Meter Market Forecast, by Form
11.21.1. Anhydrous
11.21.2. Liquid
11.22. Italy Citric Acid Meter Market Forecast, by Application
11.22.1. Food
11.22.2. Pharmaceuticals
11.22.3. Cosmetics
11.23. Italy Citric Acid Meter Market Forecast, by Function
11.23.1. Acidulant
11.23.2. Antioxidant
11.23.3. Preservative
11.23.4. Sequestrant
11.24. Spain Citric Acid Meter Market Forecast, by Form
11.24.1. Anhydrous
11.24.2. Liquid
11.25. Spain Citric Acid Meter Market Forecast, by Application
11.25.1. Food
11.25.2. Pharmaceuticals
11.25.3. Cosmetics
11.26. Spain Citric Acid Meter Market Forecast, by Function
11.26.1. Acidulant
11.26.2. Antioxidant
11.26.3. Preservative
11.26.4. Sequestrant
11.27. Rest of Europe Citric Acid Meter Market Forecast, by Form
11.27.1. Anhydrous
11.27.2. Liquid
11.28. Rest of Europe Citric Acid Meter Market Forecast, by Application
11.28.1. Food
11.28.2. Pharmaceuticals
11.28.3. Cosmetics
11.29. Rest of Europe Citric Acid Meter Market Forecast, by Function
11.29.1. Acidulant
11.29.2. Antioxidant
11.29.3. Preservative
11.29.4. Sequestrant
11.30. Europe Citric Acid Meter Market Attractiveness Analysis
11.30.1. By Form
11.30.2. By Application
11.30.3. By Function
11.31. PEST Analysis
12. Asia Pacific Citric Acid Meter Market Analysis
12.1. Key Findings
12.2. Asia Pacific Citric Acid Meter Market Overview
12.3. Asia Pacific Citric Acid Meter Market Value Share Analysis, by Form
12.4. Asia Pacific Citric Acid Meter Market Forecast, by Form
12.4.1. Anhydrous
12.4.2. Liquid
12.5. Asia Pacific Citric Acid Meter Market Value Share Analysis, by Application
12.6. Asia Pacific Citric Acid Meter Market Forecast, by Application
12.6.1. Food
12.6.2. Pharmaceuticals
12.6.3. Cosmetics
12.7. Asia Pacific Citric Acid Meter Market Value Share Analysis, by Function
12.8. Asia Pacific Citric Acid Meter Market Forecast, by Function
12.8.1. Acidulant
12.8.2. Antioxidant
12.8.3. Preservative
12.8.4. Sequestrant
12.9. Asia Pacific Citric Acid Meter Market Value Share Analysis, by Country
12.10. Asia Pacific Citric Acid Meter Market Forecast, by Country
12.10.1. China
12.10.2. India
12.10.3. Japan
12.10.4. ASEAN
12.10.5. Rest of Asia Pacific
12.11. Asia Pacific Citric Acid Meter Market Analysis, by Country/ Sub-region
12.12. China Citric Acid Meter Market Forecast, by Form
12.12.1. Anhydrous
12.12.2. Liquid
12.13. China Citric Acid Meter Market Forecast, by Application
12.13.1. Food
12.13.2. Pharmaceuticals
12.13.3. Cosmetics
12.14. China Citric Acid Meter Market Forecast, by Function
12.14.1. Acidulant
12.14.2. Antioxidant
12.14.3. Preservative
12.14.4. Sequestrant
12.15. India Citric Acid Meter Market Forecast, by Form
12.15.1. Anhydrous
12.15.2. Liquid
12.16. India Citric Acid Meter Market Forecast, by Application
12.16.1. Food
12.16.2. Pharmaceuticals
12.16.3. Cosmetics
12.17. India Citric Acid Meter Market Forecast, by Function
12.17.1. Acidulant
12.17.2. Antioxidant
12.17.3. Preservative
12.17.4. Sequestrant
12.18. Japan Citric Acid Meter Market Forecast, by Form
12.18.1. Anhydrous
12.18.2. Liquid
12.19. Japan Citric Acid Meter Market Forecast, by Application
12.19.1. Food
12.19.2. Pharmaceuticals
12.19.3. Cosmetics
12.20. Japan Citric Acid Meter Market Forecast, by Function
12.20.1. Acidulant
12.20.2. Antioxidant
12.20.3. Preservative
12.20.4. Sequestrant
12.21. ASEAN Citric Acid Meter Market Forecast, by Form
12.21.1. Anhydrous
12.21.2. Liquid
12.22. ASEAN Citric Acid Meter Market Forecast, by Application
12.22.1. Food
12.22.2. Pharmaceuticals
12.22.3. Cosmetics
12.23. ASEAN Citric Acid Meter Market Forecast, by Function
12.23.1. Acidulant
12.23.2. Antioxidant
12.23.3. Preservative
12.23.4. Sequestrant
12.24. Rest of Asia Pacific Citric Acid Meter Market Forecast, by Form
12.24.1. Predictive maintenance and machinery inspection
12.24.2. Material movement
12.24.3. Production planning
12.24.4. Field services
12.24.5. Quality control
12.24.6. Others
12.25. Rest of Asia Pacific Citric Acid Meter Market Forecast, by Application
12.25.1. Food
12.25.2. Pharmaceuticals
12.25.3. Cosmetics
12.26. Rest of Asia Pacific Citric Acid Meter Market Forecast, by Function
12.26.1. Acidulant
12.26.2. Antioxidant
12.26.3. Preservative
12.26.4. Sequestrant
12.27. Asia Pacific Citric Acid Meter Market Attractiveness Analysis
12.27.1. By Form
12.27.2. By Application
12.27.3. By Function
12.28. PEST Analysis
13. Middle East & Africa Citric Acid Meter Market Analysis
13.1. Key Findings
13.2. Middle East & Africa Citric Acid Meter Market Overview
13.3. Middle East & Africa Citric Acid Meter Market Value Share Analysis, by Form
13.4. Middle East & Africa Citric Acid Meter Market Forecast, by Form
13.4.1. Anhydrous
13.4.2. Liquid
13.5. Middle East & Africa Citric Acid Meter Market Value Share Analysis, by Application
13.6. Middle East & Africa Citric Acid Meter Market Forecast, by Application
13.6.1. Food
13.6.2. Pharmaceuticals
13.6.3. Cosmetics
13.7. Middle East & Africa Citric Acid Meter Market Value Share Analysis, by Function
13.8. Middle East & Africa Citric Acid Meter Market Forecast, by Function
13.8.1. Acidulant
13.8.2. Antioxidant
13.8.3. Preservative
13.8.4. Sequestrant
13.9. Middle East & Africa Citric Acid Meter Market Value Share Analysis, by Country
13.10. Middle East & Africa Citric Acid Meter Market Forecast, by Country
13.10.1. GCC
13.10.2. South Africa
13.10.3. Rest of Middle East & Africa
13.11. Middle East & Africa Citric Acid Meter Market Analysis, by Country/ Sub-region
13.12. GCC Citric Acid Meter Market Forecast, by Form
13.12.1. Anhydrous
13.12.2. Liquid
13.13. GCC Citric Acid Meter Market Forecast, by Application
13.13.1. Food
13.13.2. Pharmaceuticals
13.13.3. Cosmetics
13.14. GCC Citric Acid Meter Market Forecast, by Function
13.14.1. Acidulant
13.14.2. Antioxidant
13.14.3. Preservative
13.14.4. Sequestrant
13.15. South Africa Citric Acid Meter Market Forecast, by Form
13.15.1. Anhydrous
13.15.2. Liquid
13.16. South Africa Citric Acid Meter Market Forecast, by Application
13.16.1. Food
13.16.2. Pharmaceuticals
13.16.3. Cosmetics
13.17. South Africa Citric Acid Meter Market Forecast, by Function
13.17.1. Acidulant
13.17.2. Antioxidant
13.17.3. Preservative
13.17.4. Sequestrant
13.18. Rest of Middle East & Africa Citric Acid Meter Market Forecast, by Form
13.18.1. Anhydrous
13.18.2. Liquid
13.19. Rest of Middle East & Africa Citric Acid Meter Market Forecast, by Application
13.19.1. Food
13.19.2. Pharmaceuticals
13.19.3. Cosmetics
13.20. Rest of Middle East & Africa Citric Acid Meter Market Forecast, by Function
13.20.1. Acidulant
13.20.2. Antioxidant
13.20.3. Preservative
13.20.4. Sequestrant
13.21. Middle East & Africa Citric Acid Meter Market Attractiveness Analysis
13.21.1. By Form
13.21.2. By Application
13.21.3. By Function
13.22. PEST Analysis
14. Latin America Citric Acid Meter Market Analysis
14.1. Key Findings
14.2. Latin America Citric Acid Meter Market Overview
14.3. Latin America Citric Acid Meter Market Value Share Analysis, by Form
14.4. Latin America Citric Acid Meter Market Forecast, by Form
14.4.1. Anhydrous
14.4.2. Liquid
14.5. Latin America Citric Acid Meter Market Value Share Analysis, by Application
14.6. Latin America Citric Acid Meter Market Forecast, by Application
14.6.1. Food
14.6.2. Pharmaceuticals
14.6.3. Cosmetics
14.7. Latin America Citric Acid Meter Market Value Share Analysis, by Function
14.8. Latin America Citric Acid Meter Market Forecast, by Function
14.8.1. Acidulant
14.8.2. Antioxidant
14.8.3. Preservative
14.8.4. Sequestrant
14.9. Latin America Citric Acid Meter Market Value Share Analysis, by Country
14.10. Latin America Citric Acid Meter Market Forecast, by Country
14.10.1. Brazil
14.10.2. Mexico
14.10.3. Rest of Latin America
14.11. Latin America Citric Acid Meter Market Analysis, by Country/ Sub-region
14.12. Brazil Citric Acid Meter Market Forecast, by Form
14.12.1. Anhydrous
14.12.2. Liquid
14.13. Brazil Citric Acid Meter Market Forecast, by Application
14.13.1. Food
14.13.2. Pharmaceuticals
14.13.3. Cosmetics
14.14. Brazil Citric Acid Meter Market Forecast, by Function
14.14.1. Acidulant
14.14.2. Antioxidant
14.14.3. Preservative
14.14.4. Sequestrant
14.15. Mexico Citric Acid Meter Market Forecast, by Form
14.15.1. Anhydrous
14.15.2. Liquid
14.16. Mexico Citric Acid Meter Market Forecast, by Application
14.16.1. Food
14.16.2. Pharmaceuticals
14.16.3. Cosmetics
14.17. Mexico Citric Acid Meter Market Forecast, by Function
14.17.1. Acidulant
14.17.2. Antioxidant
14.17.3. Preservative
14.17.4. Sequestrant
14.18. Rest of Latin America Citric Acid Meter Market Forecast, by Form
14.18.1. Anhydrous
14.18.2. Liquid
14.19. Rest of Latin America Citric Acid Meter Market Forecast, by Application
14.19.1. Food
14.19.2. Pharmaceuticals
14.19.3. Cosmetics
14.20. Rest of Latin America Citric Acid Meter Market Forecast, by Function
14.20.1. Acidulant
14.20.2. Antioxidant
14.20.3. Preservative
14.20.4. Sequestrant
14.21. Latin America Citric Acid Meter Market Attractiveness Analysis
14.21.1. By Form
14.21.2. By Application
14.21.3. By Function
14.22. PEST Analysis
15. Company Profiles
15.1. Market Share Analysis, by Company
15.2. Competition Matrix
15.3. Company Profiles: Key Players
15.3.1. Archer Daniels Midland Company
15.3.1.1. Company Overview
15.3.1.2. Financial Overview
15.3.1.3. Business Strategy
15.3.1.4. Recent Developments
15.3.1.5. Manufacturing Footprint
15.3.2. Cargill
15.3.3. Merck KGaA
15.3.4. Tate & Lyle
15.3.5. COFCO Biochemical
15.3.6. Jungbunzlauer Suisse AG
15.3.7. HUANGSHI XINGHUA BIOCHEMICAL CO.LTD.
15.3.8. RZBC GROUP CO.
15.3.9. Weifang Ensign Industry Co.
15.3.10. Gadot Biochemicals Industries LTD.
15.3.11. S.A. Citrique Belge N.V.
15.3.12. Pfizer Inc.
Primary Key Insights
Get your queries resolved from an industry expert.
Design an exclusive study to serve your research needs.
Best quality reports based on various authentic and accurate data findings.
Your personal and confidential information is safe and secure.
Trends Market Research © Copyright 2020. All Rights Reserved.