Global Citric Acid Market, By Form (Powder, Liquid), By Function (Acidulant, Antioxidant, Preservati

Published Date: | Report Code : CH1958656

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Market Dynamics

Increasing demand for naturally occurring additives over synthetic ones is expected to drive the growth of the Global Citric Acid Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Citric Acid (C6H8O7) is a weak organic acid that is secreted naturally by citrus fruits. It is produced commercially through the aging procedure and is seen as a white, scentless, and crystalline powder at room temperature. It is generally utilized in the nourishment and refreshment industry as an additive/sequestrant, acidulant, cell reinforcement, chelating specialist, emulsifying operator, and seasoning operator in drinks, mixed refreshments, dairy items, for example, handled cheddar and dessert, sticks and jams, meat and fish, ketchup, hummus, mayonnaise, and others. Citrus extract likewise discovers application in a wide range of enterprises and items. It is utilized for restorative purposes and beauty care products and individual consideration items, for example, body salves, shampoos, washing creams, cleansers, and cleaning items.

Segment Analysis

The rising interest for citric acid from the refreshments industry as a  food additive is set to remain the key driving variable for the development of the worldwide demand for citric acid. The huge interest for carbonated soda pops and comfort and prepared to-eat items because of the developing urban populace and changing shopping patterns are contributing in a huge manner to the interest for citrus extract in the beverage industry. Increasing inclination towards the use of food additives from natural sources over their engineered partners is probably another determinant contributing towards increasing demand for citric acid. Beverages, beautifying agents, and pharmaceutical businesses all make the apt use of citric acid. For example, there is a developing interest in citric acid in the industrial cleaning segment because of its non-dangerous, non-destructive, and biodegradable attributes.

The Asia-Pacific region is relied upon to be the biggest and quickest developing citric acid market during the forecast period. The developing beverages industry, because of the expanding acknowledgment of prepared to-drink (carbonated) refreshments, is relied upon to drive the demand in the region. China is one of the biggest patrons and exporters of citrus extract and holds a considerable portion of the worldwide citric acid market. Loosened up venture standards, low creation cost, and the accessibility of manpower in China adds to the development of end-use businesses, for example, beauty care products. North America and Europe are likewise significant markets for citric acid. The market in the Middle East is at an early stage.

Key Factors Impacting Market Growth:

  • Increased demand as a food additive
  • Increasing demand for naturally occurring additives over synthetic ones
  • Growth of food industry

Key Developments:

  • In December 2017, Jungbunzlauer Suisse AG announced the construction of a new citric acid plant in Austria to meet growing demand. At the plant, the company would use corn as a carbohydrate feedstock for the fermentation process based on natural, non-genetically modified microorganisms.

Regional Analysis

On the basis of the region, the global citric acid market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe is some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.  This region has been witnessing the number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.  The Asia Pacific and the Middle East are expected to register substantial growth in the global citric acid market during the forecast period. This demand is with regard to the growth of major applications such as food and beverages, cosmetics and personal care, pharmaceuticals, others.

Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region.  Rest the World that includes South America and Africa has a strong potential for the global citric acid market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the global citric acid market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Market Segmentation:

By Form:

  • Powder
  • Liquid

By Function:

  • Acidulant
  • Antioxidant
  • Preservative
  • Emulsifying Agents

By Application:

  • Food and Beverages
  • Cosmetics and Personal Care
  • Pharmaceuticals
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Form
    • By Function
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Form
    • By Function
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Form
    • By Function
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Form
    • By Function
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Form
    • By Function
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Form
    • By Function
    • By Application

Companies Covered: Archer Daniels Midland Company, Cargill, Incorporated, Merck KGaA, Tate & Lyle, COFCO Biochemical (Anhui) CO., LTD, Jungbunzlauer Suisse AG, HUANGSHI XINGHUA BIOCHEMICAL CO.LTD., RZBC GROUP CO., LTD., Weifang Ensign Industry Co., Ltd, Gadot Biochemicals Industries LTD., S.A. Citrique Belge N.V., and Pfizer Inc...

Reasons To Buy This Report:

  • Market size estimation of the Global citric acid market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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