The global citric acid industry reached the volume of about 2.47 million tonnes in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 4 percent, producing a volume of around 3.03 million tonnes by 2027.
The Citric Acid industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features Citric acid is widely used throughout the manufacturing of food and beverage products. In the culinary and non-food industries, it is used as a disinfectant, acidulant, antioxidant, balancing, and synthetic resin, thrusting the industry towards progression. Europe the biggest category spender by region which is impelling the demand for the soybean oil industry.
Citric acid is an organic, colourless, and odourless acid that occurs naturally in citrus fruits and has a low acidity. It is mostly found in citrus fruits like lemons, and it has a spicy and acidic flavour. In synthetic form, the acid is widely utilised as a cooking ingredient, cleaning product, and nutraceuticals.
The citric acid industry report comprises segments by form (Liquid and Anhydrous), application (Food and Beverages {bakery, dairy beverages, and others}, Pharmaceuticals, Personal care, and Others), and region (North America, Europe, the Middle East, Asia Pacific and Africa, and South America).
The European region is leading the citric acid industry. The wide range of applications in various food and non-food sectors is propelling, including drinks, confectioneries, convenience foods, dairy, medicines, personal care and cosmetics, detergents and cleansers, animal feed, and other citric acid industry. Furthermore, the growing demand for RTD drinks and RTE food products is furthering the market's expansion. It is used as a pH adjuster in the production of gelatin sweets, jellies, and jams, among other things, which is driving the market. Citric acid is also widely used in cleaning products since there is a prohibition on phosphate, which leads to a surge in demand for citric acid. The acid is better than phosphoric, tartaric, and lactic acids in terms of shelf-life extension, pH buffering, taste, and tartness etc., which influences the market positively.
However, fierce rivalry in procuring raw materials from both inter-and intra-industry counterparts hinders the market growth.
The global citric acid industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global citric acid regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Citric acid was discovered by Carl Wilhelm Scheele, a scientist who crystallised citric acid from lemon juice in 1784. Its large-scale manufacturing began in 1890 when the fluid was treated with hydrated lime (calcium hydroxide) to precipitate calcium citrate, separated, and converted to the acid using diluted sulfuric acid. In the industrial process, cultures of A. niger are given sucrose or glucose-containing medium 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 solution, citric acid is extracted by precipitating it with calcium hydroxide to produce calcium citrate salt, from which citric acid is regenerated by treating it with sulfuric acid, as indirect citrus fruit juice extraction.
The acid is supporting the manufacturers in providing a clean label for their products while also meeting customer demand for safe and permissible components for cheaper, which is impacting the market positively. The introduction of a wide range of innovative product launches with a wide range of flavours to choose from boosts the market's expansion. Other research and development activities by key players are likely to increase demand in the foreseeable future.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The citric acid industry is highly competitive with the dominance of the leading players. The major global players have a broad geographic footprint and strong brand recognition. These leading manufacturers are also renowned for implementing practical manufacturing standards and enhancing operational skills, mainly when designing and developing specific grades of citric acid with medicinal and food uses.
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
2.3. 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 global citric acid market size was valued at 2.49 million tons in 2021.
As per the applications provided, the food and beverage segment is anticipated to lead the market between the period 2022 - 2027.
The significant demand for citric acid in packaged and ready-to-eat food and beverage products is one of the essential drivers of the market growth.
Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle, Jungbunzlauer Suisse Ag, and Cofco are some of the top companies in the market.
The European region of the industry holds a significant share in the market.
The global citric acid market attained a value of 2.49 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 4%. The market is projected to reach 3.15 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.
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.
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.
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.
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.
Email Delivery Price: $ 999.00
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.
Read MoreEmail Delivery Price: $ 999.00
The global nutmeg market reached a value of about 130 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 6% in the forecast period of 2022-2027 to reach a value of around 180 thousand tonnes by 2027.
Read MoreEmail Delivery Price: $ 999.00
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.
Read More