Citric acid market size to increase by USD 1.86 billion from 2020 to 2025; Europe to account for 37% of market growth - Technavio

NEW YORK, Feb. 20, 2023 /PRNewswire/ -- The Citric Acid Market by Application and Geography - Forecast and Analysis 2021-2025 report has been published by Technavio. Market size is forecast to grow by USD 1.86 billion between 2020 and 2025 at a CAGR of 8.2%. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download A PDF Sample Report

Regional Analysis

By region, the global Citric acid market is segmented into North America, Europe, APAC, MEA, and South America. Europe will account for 37% of market growth during the forecast period. Factors such as increase in awareness of a healthy lifestyle and the health benefits of organic food additives are driving the growth of the Citric acid market in Europe. Buy the report

Company Profiles

The Citric acid market report includes information on the key products and recent developments of leading vendors, including:

• Cargill Inc. - The company offers liquid or anhydrous citric acid.
• COFCO Corp. - The company offers citric acid monohydrate.
• Huangshi Xinghua Biochemical Co. Ltd. - The company offers citric acid anhydrous and citric acid monohydrate.
• Jungbunzlauer Suisse AG - The company offers anhydrous, Monohydrate and other citric acid products.

Market Dynamics

The market is driven by factors such as the growing demand for citric acid from detergents and cleaners, the growing desire for convenience foods and beverages, and the versatile nature of citric acid. However, the availability of substitutes such as lactic acid will hinder the market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample

Market Segmentation

• By application, the market is segmented into food and beverage, pharmaceuticals and personal care products, detergents and cleaners, and others.
• By geography, the market is segmented into North America, Europe, APAC, MEA, and South America.

Related Reports:

• The malic acid market is estimated to grow at a CAGR of 7.33% between 2022 and 2027. The size of the market is forecast to increase by 85.67 thousand tons. The growing demand for processed food is notably driving the market growth, although factors such as the threat from citric acid may impede the market growth.
• The fumaric acid market is estimated to grow at a CAGR of 6.2% between 2022 and 2027. The size of the market is forecast to increase by USD 308.14 million. The introduction of ethnic and innovative flavors is notably driving the market growth, although factors such as the increased threat of substitutes from citric acid and malic acid may impede the market growth.

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What are the key data covered in this citric acid market report?

• CAGR of the market during the forecast period.
• Detailed information on factors that will drive the growth of the market between 2021 and 2025
• Precise estimation of the size of the citric acid market and its contribution to the parent market.
• Accurate predictions about upcoming trends and changes in consumer behavior.
• Growth of the market across North America, Europe, APAC, MEA, and South America.
• A thorough analysis of the market's competitive landscape and detailed information about vendors.
• Comprehensive analysis of factors that will challenge the growth of citric acid market vendors.

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Table of contents:

1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem

• 2.2 Value chain analysis 
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics
• Exhibit 03: Value Chain Analysis: Commodity chemicals

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis 
• Exhibit 04: Offerings of vendors included in the market definition

• 3.3 Market size 2020 
• Exhibit 05: Market segments

• 3.4 Market outlook: Forecast for 2020 - 2025
• Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)

4 Five Forces Analysis

• 4.1 Five forces summary

• 4.2 Bargaining power of buyers 
• Exhibit 08: Five forces analysis 2020 & 2025

• 4.3 Bargaining power of suppliers

• 4.4 Threat of new entrants 
• Exhibit 09: Bargaining power of buyers

• 4.5 Threat of substitutes 
• Exhibit 10: Bargaining power of suppliers

• 4.6 Threat of rivalry 
• Exhibit 11: Threat of new entrants
• Exhibit 12: Threat of substitutes

• 4.7 Market condition

5 Market Segmentation by Application

• 5.1 Market segments

• 5.2 Comparison by Application

• 5.3 Food and beverage - Market size and forecast 2020-2025
• Exhibit 15: Application - Market share 2020-2025 (%)
• Exhibit 16: Comparison by Application

• 5.4 Pharmaceuticals and personal care products - Market size and forecast 2020-2025 
• Exhibit 17: Food and beverage - Market size and forecast 2020-2025 ($ million)
• Exhibit 18: Food and beverage - Year-over-year growth 2020-2025 (%)

• 5.5 Detergents and cleaners - Market size and forecast 2020-2025 
• Exhibit 19: Pharmaceuticals and personal care products - Market size and forecast 2020-2025 ($ million)
• Exhibit 20: Pharmaceuticals and personal care products - Year-over-year growth 2020-2025 (%)

• 5.6 Others - Market size and forecast 2020-2025
• Exhibit 21: Detergents and cleaners - Market size and forecast 2020-2025 ($ million)
• Exhibit 22: Detergents and cleaners - Year-over-year growth 2020-2025 (%)

• 5.7 Market opportunity by Application 
• Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)

6 Customer landscape

7 Geographic Landscape

• 7.1 Geographic segmentation

• 7.2 Geographic comparison

• 7.3 Europe - Market size and forecast 2020-2025
• Exhibit 27: Market share by geography 2020-2025 (%)
• Exhibit 28: Geographic comparison
• Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)

• 7.4 North America - Market size and forecast 2020-2025
• Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
• Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)

• 7.5 APAC - Market size and forecast 2020-2025
• Exhibit 32: North America - Year-over-year growth 2020-2025 (%)

• 7.6 MEA - Market size and forecast 2020-2025
• Exhibit 33: APAC - Market size and forecast 2020-2025 ($ million)
• Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)

• 7.7 South America - Market size and forecast 2020-2025
• Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
• Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)

• 7.8 Key leading countries 
• Exhibit 37: South America - Market size and forecast 2020-2025 ($ million)

• 7.9 Market opportunity by geography 
• Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
• Exhibit 39: Key leading countries

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Market trends 
• Exhibit 41: Impact of drivers and challenges

9 Vendor Landscape

• 9.1 Overview

• 9.2 Landscape disruption 
• Exhibit 42: Vendor landscape

• 9.3 Competitive scenario 
• Exhibit 43: Landscape disruption

10 Vendor Analysis

• 10.1 Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 45: Vendors covered

• 10.3 Archer Daniels Midland Co. 
• Exhibit 46: Market positioning of vendors

• 10.4 Cargill Inc. 
• Exhibit 47: Archer Daniels Midland Co. - Overview
• Exhibit 48: Archer Daniels Midland Co. - Business segments
• Exhibit 49: Archer Daniels Midland Co. - Key offerings
• Exhibit 50: Archer Daniels Midland Co. - Segment focus
• Exhibit 51: Cargill Inc. - Overview
• Exhibit 52: Cargill Inc. - Product and service

• 10.5 COFCO Corp.

• 10.6 Foodchem International Corp. 
• Exhibit 54: Cargill Inc. - Key offerings

• 10.7 Gadot Biochemical Industries Ltd. 
• Exhibit 55: COFCO Corp. - Overview
• Exhibit 56: COFCO Corp. - Product and service
• Exhibit 57: COFCO Corp. - Key offerings

• 10.8 Huangshi Xinghua Biochemical Co. Ltd. 
• Exhibit 58: Foodchem International Corp. - Overview
• Exhibit 59: Foodchem International Corp. - Product and service
• Exhibit 60: Foodchem International Corp. - Key offerings

• 10.9 Jungbunzlauer Suisse AG 
• Exhibit 61: Gadot Biochemical Industries Ltd. - Overview
• Exhibit 62: Gadot Biochemical Industries Ltd. - Product and service
• Exhibit 63: Gadot Biochemical Industries Ltd. - Key offerings

• 10.10 RZBC Group Co. Ltd. 
• Exhibit 64: Huangshi Xinghua Biochemical Co. Ltd. - Overview
• Exhibit 65: Huangshi Xinghua Biochemical Co. Ltd. - Product and service
• Exhibit 66: Huangshi Xinghua Biochemical Co. Ltd. - Key offerings

• 10.11 S.A. Citrique Belge N.V. 
• Exhibit 67: Jungbunzlauer Suisse AG - Overview
• Exhibit 68: Jungbunzlauer Suisse AG - Product and service
• Exhibit 69: Jungbunzlauer Suisse AG - Key offerings

• 10.12 Tate and Lyle Plc 
• Exhibit 70: RZBC Group Co. Ltd. - Overview
• Exhibit 71: RZBC Group Co. Ltd. - Product and service
• Exhibit 72: RZBC Group Co. Ltd. - Key offerings
• Exhibit 73: S.A. Citrique Belge N.V. - Overview
• Exhibit 74: S.A. Citrique Belge N.V. - Product and service
• Exhibit 75: S.A. Citrique Belge N.V. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Currency conversion rates for US$

• 11.3 Research methodology 
• Exhibit 81: Currency conversion rates for US$
• Exhibit 82: Research Methodology

• 11.4 List of abbreviations 
• Exhibit 83: Validation techniques employed for market sizing
• Exhibit 84: Information sources
• Exhibit 85: List of abbreviations

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