Published On : April 2018 Pages : 90 Category: Advanced Materials Report Code : CM04693
Industry Outlook and Trend Analysis
The Citric Acid Market was worth USD billion in 2017 and is expected to reach approximately USD billion by 2023, while registering itself at a compound annual growth rate (CAGR) of % during the forecast period. Rising demand for the product to preserve food is anticipated to be a key driver for the business development. Additionally, the developing interest for the compound in pharmaceutical industry for the assembling of stomach related solutions is foreseen to emphatically drive the market over the conjecture time frame. Citric acid gives sourness and tartness and augments the flavours. The acid, when used as an additive in food products, is viable in restraining the growth of microorganisms and, accordingly, broadens their time span of usability. The previously mentioned factors are foreseen to increase the product demand throughout the following years.
Form Outlook and Trend Analysis
The product is basically accessible in fluid and powder frame in the market. On the basis of income, powder section ruled the market with an offer of % in 2017. The portion is evaluated to lose share in the business by 2027 by virtue of the expanding prominence of fluid frame for use in food & beverages and detergents ventures. Fluid frame is used in various food and dairy products because of its valuable properties, for example, texture modification, acidifying agents, and flavour enhancement.
Application Outlook and Trend Analysis
On the basis of application, the market has been sectioned into food & beverages and pharmaceutical. Based on volume, food & beverages application commanded the worldwide market with a share of more than % in 2017. The high share of the overall industry of food & beverage portion can be ascribed to the broad use in desserts and dietary supplements. It is used to control the pH level in medicines and form salt derivatives of minerals and metals in pharmaceuticals.
Regional Outlook and Trend Analysis
As per the World Health Organization (WHO), around 65 to 70 million individuals in North America encounter digestive system issues. This, thusly, has prompted an expansion in the interest for digestive citric acid-based food & beverages and pharmaceuticals in the area, subsequently affecting the business on a positive note. As per the German Nutrition Society (DGE), awareness among buyers in Europe relating to the usage of citric acid for maintaining digestive health expanded to % in 2017 when compared with % in 2017.
Competitive Insights
The leading players in the market are Cargill, Archer Daniels Midland, Pfizer, Kenko Corporation, Tate & Lyle and Danisco. Major mechanical shifts in manufacturing processes and the rising usage of cutting edge hardware are foreseen to emphatically influence the development of citrus extract creation over the estimate time frame. The usage of cutting edge apparatus has empowered makers to concoct inventive items, for example, exemplified citric acid.
The Citric Acid Market is segmented as follows-
By Form:
By Application:
By Region
Some of the key questions answered by the report are:
Market Classification
· Citric Acid Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Pharmaceutical
· Food & beverages
· Other Applications
· Citric Acid Market, By Form, Estimates and Forecast, 2014-2023 ($Million)
· Liquid
· Powder
· Citric Acid Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Citric Acid Market, By Country
o U.S. Citric Acid Market
o Canada Citric Acid Market
o Mexico Citric Acid Market
· Europe
§ Europe Citric Acid Market, By Country
o Germany Citric Acid Market
o UK Citric Acid Market
o France Citric Acid Market
o Russia Citric Acid Market
o Italy Citric Acid Market
o Rest of Europe Citric Acid Market
· Asia-Pacific
§ Asia-Pacific Citric Acid Market, By Country
o China Citric Acid Market
o Japan Citric Acid Market
o South Korea Citric Acid Market
o India Citric Acid Market
o Southeast Asia Citric Acid Market
o Rest of Asia-Pacific Citric Acid Market
· South America
§ South America Citric Acid Market
o Brazil Citric Acid Market
o Argentina Citric Acid Market
o Columbia Citric Acid Market
o South Africa Citric Acid Market
o Rest of South America Citric Acid Market
· Middle East and Africa
§ Middle East and Africa Citric Acid Market
o Saudi Arabia Citric Acid Market
o UAE Citric Acid Market
o Egypt Citric Acid Market
o Nigeria Citric Acid Market
o South Africa Citric Acid Market
o Rest of MEA Citric Acid Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Increasing Demand for Preventive Healthcare
3.2.1.2. Aging Population
3.2.2. Restraints
3.2.2.1. Overcapacity of Manufacturing Plants
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Citric Acid Market, By Application
5.1. Introduction
5.2. Global Citric Acid Sales, Revenue and Market Share by Application (2017-2017)
5.2.1. Global Citric Acid Sales and Sales Share by Application (2017-2017)
5.2.2. Global Citric Acid Revenue and Revenue Share by Application (2017-2017)
5.3. Citric Acid Market Assessment and Forecast, By Application, 2017-2023
5.4. Pharmaceutical
5.4.1. Global Pharmaceutical Sales and Growth Rate (2017-2027)
5.5. Food & Beverages
5.5.1. Global Food & Beverages Sales and Growth Rate (2017-2027)
5.6. Other Applications
5.6.1. Global Other Applications Sales and Growth Rate (2017-2027)
6. Citric Acid Market, By Form
6.1. Introduction
6.2. Global Citric Acid Sales, Revenue and Market Share by Form (2017-2017)
6.2.1. Global Citric Acid Sales and Sales Share by Form (2017-2017)
6.2.2. Global Citric Acid Revenue and Revenue Share by Form (2017-2017)
6.3. The Citric Acid Market Assessment and Forecast, By Form, 2017-2023
6.4. Liquid
6.4.1. Global Liquid Sales and Growth Rate (2017-2027)
6.5. Powder
6.5.1. Global Powder Sales and Growth Rate (2017-2027)
7. Citric Acid Market, By Region
7.1. Introduction
7.2. Global Citric Acid Sales, Revenue and Market Share by Regions
7.2.1. Global Citric Acid Sales by Regions (2017-2027)
7.2.2. Global Citric Acid Revenue by Regions (2017-2027)
7.3. North America Citric Acid by Countries
7.3.1. North America Citric Acid Sales and Growth Rate (2017-2027)
7.3.2. North America Citric Acid Revenue and Growth Rate (2017-2027)
7.3.3. North America Citric Acid Sales by Countries (2017-2027)
7.3.4. North America Citric Acid Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Citric Acid Sales and Growth Rate (2017-2027)
7.3.5.2. United States Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Citric Acid Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Citric Acid Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Citric Acid Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Citric Acid by Countries
7.4.1. Europe Citric Acid Sales and Growth Rate (2017-2027)
7.4.2. Europe Citric Acid Revenue and Growth Rate (2017-2027)
7.4.3. Europe Citric Acid Sales by Countries (2017-2027)
7.4.4. Europe Citric Acid Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Citric Acid Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Citric Acid Sales and Growth Rate (2017-2027)
7.4.6.2. UK Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Citric Acid Sales and Growth Rate (2017-2027)
7.4.7.2. France Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Citric Acid Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Citric Acid Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Citric Acid Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Citric Acid Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Citric Acid Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Citric Acid Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Citric Acid Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Citric Acid Sales and Growth Rate (2017-2027)
7.5.5.2. China Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Citric Acid Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Citric Acid Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Citric Acid Sales and Growth Rate (2017-2027)
7.5.8.2. India Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Citric Acid Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Citric Acid Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Citric Acid Sales and Growth Rate (2017-2027)
7.6.2. South America Citric Acid Revenue and Growth Rate (2017-2027)
7.6.3. South America Citric Acid Sales by Countries (2017-2027)
7.6.4. South America Citric Acid Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Citric Acid Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Citric Acid Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Citric Acid Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Citric Acid Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Citric Acid Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Citric Acid Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Citric Acid Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Citric Acid Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Citric Acid Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Citric Acid Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Citric Acid Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Citric Acid Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Citric Acid Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.10. Rest of Middle East and Africa
7.7.10.1. Rest of Middle East and Africa Citric Acid Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Citric Acid Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Metagenics
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. MP Biomedicals
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Tate & Lyle plc
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Danisco A/S
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Cargill, Inc.
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. Kenko Corporation
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. Pfizer, Inc.
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Archer Daniels Midland (ADM) Company
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
9. Global Citric Acid Market Competition, by Manufacturer
9.1. Global Citric Acid Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Citric Acid Revenue and Market Share by Manufacturer (2017-2017)
9.3. Top 5 Citric Acid Manufacturer Market Share
9.4. Market Competition Trend
10. Citric Acid Market Forecast (2027-2023)
10.1. Global Citric Acid Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Citric Acid Market Forecast by Regions (2027-2023)
10.2.1. North America Citric Acid Market Forecast (2027-2023)
10.2.1.1. United States Citric Acid Market Forecast (2027-2023)
10.2.1.2. Canada Citric Acid Market Forecast (2027-2023)
10.2.1.3. Mexico Citric Acid Market Forecast (2027-2023)
10.2.2. Europe Citric Acid Market Forecast (2027-2023)
10.2.2.1. Germany Citric Acid Market Forecast (2027-2023)
10.2.2.2. United Kingdom Citric Acids Market Forecast (2027-2023)
10.2.2.3. France Citric Acid Market Forecast (2027-2023)
10.2.2.4. Russia Citric Acid Market Forecast (2027-2023)
10.2.2.5. Italy Citric Acid Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Citric Acid Market Forecast (2027-2023)
10.2.3. Asia-Pacific Citric Acid Market Forecast (2027-2023)
10.2.3.1. China Citric Acid Market Forecast (2027-2023)
10.2.3.2. Japan Citric Acid Market Forecast (2027-2023)
10.2.3.3. Korea Citric Acid Market Forecast (2027-2023)
10.2.3.4. India Citric Acid Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Citric Acid Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Citric Acid Market Forecast (2027-2023)
10.2.4. South America Citric Acid Market Forecast (2027-2023)
10.2.4.1. Brazil Citric Acid Market Forecast (2027-2023)
10.2.4.2. Argentina Citric Acid Market Forecast (2027-2023)
10.2.4.3. Columbia Citric Acid Market Forecast (2027-2023)
10.2.4.4. Rest of South America Citric Acid Market Forecast (2027-2023)
10.2.5. Middle East and Africa Citric Acid Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Citric Acid Market Forecast (2027-2023)
10.2.5.2. UAE Citric Acid Market Forecast (2027-2023)
10.2.5.3. Egypt Citric Acid Market Forecast (2027-2023)
10.2.5.4. Nigeria Citric Acid Market Forecast (2027-2023)
10.2.5.5. South Africa Citric Acid Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Citric Acid Market Forecast (2027-2023)
10.3. Citric Acid Market Forecast by Application (2027-2023)
10.3.1. Global Citric Acid Sales Forecast by Application (2027-2023)
10.3.2. Global Citric Acid Sales Market Share Forecast by Application (2027-2023)
10.4. Citric Acid Market Forecast by Form (2027-2023)
10.4.1. Global Citric Acid Sales Forecast by Form (2027-2023)
10.4.2. Global Citric Acid Sales Market Share Forecast by Form (2027-2023)
List of Tables and Figures
*You can glance through the list of Tables and Figures when you view the sample copy of Citric Acid Market.
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Citric Acid Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
Data Collection Matrix |
Supply Side |
Demand Side |
Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
Qualitative Data |
Quantitative Data (2017-2025) |
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