Reports
Global Citric Acid Market: by Application; Country Overview; Recent Events; Value Chain Analysis; Trade Analysis; Cost Structure; Price Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Market Analysis: Market Overview, Price Analysis; Industry Best Practices; Key Supplier Analysis, 2024-2032
Citric Acid Market Outlook
The Global Citric Acid Market size was valued at 2.8 Million Tons (volume) in the base year of 2021. In the forecast year 2027, the global Citric Acid market share is likely to attain a value of around 3.3 Million Tons (volume). The progress of the market throughout the projected years between 2022-2027 will be advancing at a CAGR of 3.3%.
The global citric acid market analysis covers all major applications and leading segments propelling the industry’s growth.
On a global scale, the citric acid market in Western Europe is the leading region significantly contributing to the market’s expansion.
Global Citric Acid Market Contains the Following Developments
August 10, 2022 - Carbon quantum dots that are full of antioxidant properties can prevent Parkinson’s disease. The Nanomaterials capable of aiding neurodegeneration in nerve cells are antioxidants derived from citric acid and might be a possible new treatment.
JUNE 29, 2022 - In Africa, cashews are a profitable commodity, and the nation can increase its economic value as its waste is used to produce citric acid. This kind of citric acid market development may lead to the further growth of the sector.
01 April 2022 - On 01 April 2022, Tate & Lyle concluded the sale of a significant share in a new company and its subsidiaries, mainly dealing in Latin America and North America. The company holds a 49.9 percent interest in Primient.
OCTOBER 25, 2021 - Citric acid can be used to extract metals from coal ash without harming the environment by minimising the ash released in the air. The method for separating the metal employs water, carbon dioxide and citric acid.
Definition with Categorisation
Citric acid is an organic, colourless, and odourless acid with low acidity found naturally in citrus fruits. It is primarily present in fruits like limes and lemons, which gives it a sour and tangy flavour. The acid is extensively used as a food ingredient, cleaning agent, and nutritional supplement in a synthetic form.
The citric acid industry is divided into various segments and studied for a thorough analysis of the current market situation.
On the basis of region, the market is studied across the Middle East, Europe, Latin America, Africa, Asia Pacific, and North America.
Based on the application of the product the industry is bifurcated into Pharmaceuticals, Food and Beverages, Cleaners and Detergents.
Major company profiles that are leading the market growth can be classified as Cargill Incorporated, Tate & Lyle, Archer Daniels Midland Company COFCO Corporation, and Jungbunzlauer Suisse AG.
Globally, the Western Europe Region is Majorly Contributing Towards the Growth of the Industry
As per the citric acid market trend, the use of citric acid in Europe is expanding in functional and processed foods, which is driving the citric acid market. Western Europe is the largest buyer of citric acid and is chiefly responsible for the market's development. The United Kingdom dominates the market in Europe in terms of revenue.
Category Management Studies
Citric acid was discovered when Carl Wilhelm Scheele crystallised citric acid from lemon juice in 1784. Its large-scale manufacturing began when the fluid was processed together with hydrated lime (calcium hydroxide) to trigger calcium citrate, separated, and transformed to acid applying reduced sulfuric acid.
In the industrial process, customs of A. niger are given sucrose or glucose-comprising method to create citric acid. Corn steep liquor, molasses, hydrolysed corn starch, or any sugary solution can be used as a source of sugar.
After removing the mould from the liquid mixture, citric acid is extracted by triggering it with calcium hydroxide to generate calcium citrate salt. Citric acid is regenerated by cur it with sulfuric acid as indirect citrus fruit juice extraction.
Various Applications of the Acid is Fuelling the Industry’s Demand
Citric acid is widely employed in products like disinfectants and insecticides due to its antibacterial properties. It can help get rid of viruses and bacteria and is used to marinate and conserve meats and other foods and beverages.
It also finds application in personal care and cosmetic products as a preservative. It can also remove build-up from hard water in cleaning products resulting in the citric acid market demand.
Citric acid is utilised to crosslink materials like polyols that can be used to make eco-friendly packaging, ultrafine protein fibres that can be used for biomedical applications, and hydroxyapatite to create bioceramic composites for tissue engineering in orthopaedics.
Due to its properties like metal chelating, the acid is used in cleaning industrial sites, such as nuclear sites infected with radionuclides. It can also be used to remove metals in soils furthering the citric acid market forecast.
The acid is used as a preservative in packaged and processed foods and drinks like sodas, ice cream etc. It can also act as a flavour enhancer in the food and beverage industry. As a result, the industry is advancing.
the Middle East and Africa, Europe, Latin America, Asia Pacific, and North America are the regional segments covered in the Citric Acid Market report.
The Major Citric Acid Market Key Players Covered in the Report
- Cargill Incorporated
- Tate & Lyle
- Archer Daniels Midland Company
- COFCO Corporation
- Jungbunzlauer Suisse AG
Competitive Market Landscape
Cargill Inc.- They lead in providing industrial and financial, agriculture, and food products to consumers all over the globe. The company serves consumers and communities in over 70 countries. They aim to attain a secure, reliable, and sustainable environment and plan to achieve it with their 155,000 employees.
Tate & Lyle Plc- The company is a leading provider of ingredient solutions for healthy food and beverages.
Archer Daniels Midland Company- The company focuses on sustainability while delivering a wide range of ingredients to fulfil consumer preferences. They lead in animal and human nourishment and are also an exclusive agrarian origination and processing company on a global scale. Their market insights make them experts in the food, beverage, health and wellness sectors. The enterprise is based in Chicago, Illinois and unites harvests to markets over six continents.
COFCO- is a leading food and agriculture chain based in China. It concentrates on dairy, cotton, meat, sugar, oil, and grain along with finance, real estate, and food industries. The company has a global network with a fully-integrated value chain and agrarian innovations. Their future goal is to concentrate on their core business and lead the grain trade market with the help of rural modernization.
Jungbunzlauer Suisse AG- Jungbunzlauer is a significant producer of natural and biodegradable ingredients worldwide. They help their clients make safe, healthy food that tastes good and is also sustainable. Their ongoing investments, thorough quality management, and state-of-the-art production processes allow them to achieve superior product quality.
All the mentioned players mentioned are contributing to the citric acid market growth.
1. Executive Summary
2. Global Citric Acid Market Snapshot
2.1. Citric Acid Market Outlook
2.2. Citric Acid Industry Analysis by Application
2.2.1. Food and Beverages
2.2.2. Detergents and Cleaners
2.2.3. Pharmaceuticals
2.2.4. Others
2.3. Regional Overview
2.3.1. North America
2.3.2. Europe
2.3.3. Asia Pacific
3. Impact of Recent Events
4. Citric Acid Value Chain Analysis
5. Citric Acid Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Citric Acid Cost Structure
9. Citric Acid Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Citric Acid Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. COFCO Corporation
15.2. Cargill Incorporated
15.3. Jungbunzlauer Suisse AG
15.4. Weifang Ensign Industry Co., Ltd.
15.5. Archer Daniels Midland Company
The market gained a total volume of 2.8 Million Tons in the base year.
The market is anticipated to obtain a volume of 3.3 Million Tons by the end of 2027.
The Western Europe region holds the largest market share.
The most significant segment driving the market growth is the food and beverage application.
The citric acid market price is being propelled at a CAGR of 3.3% during the forecast market years 2022-2027.
Cargill Incorporated, Tate & Lyle, Archer Daniels Midland Company, COFCO Corporation, and Jungbunzlauer Suisse AG are the major companies contributing in the market’s development.
The market is facing shortages, and manufacturers are witnessing an unprofitable market due to the threat of cheaper substitutes. The high initial cost of raw materials is responsible for the high price.
The annual citric acid production is around 1.600. 000 metric tons. The global volume production is more than two million tons and has increased by 5 percent yearly.
Including fruits, the acid is the concentrate of lemons, limes consisting of around 8% of the dry fruit mass.
The acid is a natural antioxidant that is used as a food flavouring and additive in cosmetics and cleansing products, among others.
The Global Citric Acid Market attained a value of 2.8 Million Tons in 2021, driven by the rising prevalence of natural preservatives in products. The wide range of applications in several culinary and non-food industries, including beverages, confectioneries, convenience foods, dairy, medications, personal care and cosmetics, detergents and cleansers, animal feed, and others, are driving the market growth. Furthermore, the industry is expanding due to the rising demand for RTD drinks and RTE food items.
The acid allows producers to provide a clean label for their goods while also addressing consumer demand for safe and allowable components at a lower cost, which has a beneficial influence on the market. Aided by introducing a wide variety of novel product releases with a wide range of flavour options, the market is likely to witness growth. Other significant businesses' research and development initiatives are projected to enhance demand in the near future. The market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 3.3%. The market is projected to reach 3.3 Million Tons by 2027.
Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Compare & Choose the Right Report Version for You
RIGHT PEOPLE
At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.
RIGHT METHODOLOGY
We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.
RIGHT PRICE
Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.
RIGHT SUPPORT
Our vision is to enable our clients with superior quality market assessment and actionable evaluations to assist them with taking timely and right decisions. We are always ready to deliver our clients with maximum results by delivering them with customised suggestions to meet their exact needs within the specified timeline and help them understand the market dynamics in a better way.
Global HEOR Service Market: Size, Trend, Analysis and Forecast 2024-2032
The global HEOR market reached a value of about USD 1364.3 million in 2021. The industry is further expected to grow at a CAGR of about 12.81% in the forecast period of 2022-2027 to reach a value of around USD 2779.2 million by 2027.
Global Artificial Intelligence Market: Size, Trend, Analysis and Forecast 2024-2032
The global Artificial Intelligence Market reached a value of about USD 192 Billion in 2021. The industry is projected to grow at a CAGR of around 23% in the forecast period of 2022-2027 to reach a value of about USD 664.86 Billion by 2027.
Global Nutmeg Market: Size, Trend, Analysis and Forecast 2024-2032
The global nutmeg market reached a value of about 134 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 4.5% in the forecast period of 2022-2027 to reach a value of around 167 thousand tonnes by 2027.