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Global Citric Acid Market Research Report 2024

Global Citric Acid Market Research Report 2024

Publishing Date : Jan, 2024

License Type :
 

Report Code : 1410540

No of Pages : 99

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Synopsis

Citric acid is a weak organic tricarboxylic acid having the chemical formula C6H8O7. It occurs naturally in citrus fruits. In biochemistry, it is an intermediate in the citric acid cycle, which occurs in the metabolism of all aerobic organisms. It is used widely as an acidifier, as a flavoring and chelating agent.

The global Citric Acid market was valued at US$ 1841.9 million in 2023 and is anticipated to reach US$ 2236.5 million by 2030, witnessing a CAGR of 2.7% during the forecast period 2024-2030.

Global key players of citric acid include Weifang Ensign Industry, TTCA, RZBC Group, Jiangsu Guoxin Union Energy, Cofco Biochemical, etc. The top five players hold a share about 49%. China is the largest producer, has a share about 63%, followed by Europe and North America, with share 12% and 10%, respectively. The largest market is Europe, with a share about 30%, followed by North America and China, with share 22% and 17%, separately.

This report aims to provide a comprehensive presentation of the global market for Citric Acid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Citric Acid.

Report Scope

The Citric Acid market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Citric Acid market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Citric Acid manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

By Company

  • Weifang Ensign Industry
  •  TTCA
  •  RZBC Group
  •  Jiangsu Guoxin Union Energy
  •  Cofco Biochemical
  •  Citrique Belge
  •  Jungbunzlauer Suisse
  •  ADM
  •  Cargill
  •  Laiwu Taihe Biochemistry
  •  Tate & Lyle
  •  Natural Biological Group
  •  Gadot Biochemical Industries
  •  Huangshi Xinghua Biochemical

By Type

  • Citric Acid Monohydrate
  • Citric Acid Anhydrous

By Application

  • Food and Drinks
  • Pharmaceuticals and Personal Care
  • Detergents and Cleaners
  • Other

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Netherlands)
  • Asia-Pacific (China, Japan, South Korea, China Taiwan, Southeast Asia, India)
  • Latin America, Middle East & Africa (Latin America, Mexico, Brazil, Turkey)

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Citric Acid manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Citric Acid by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Citric Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.

 

1 Citric Acid Market Overview
    1.1 Product Definition
    1.2 Citric Acid Segment by Type
        1.2.1 Global Citric Acid Market Value Growth Rate Analysis by Type 2023 VS 2030
        1.2.2 Citric Acid Monohydrate
        1.2.3 Citric Acid Anhydrous
    1.3 Citric Acid Segment by Application
        1.3.1 Global Citric Acid Market Value Growth Rate Analysis by Application: 2023 VS 2030
        1.3.2 Food and Drinks
        1.3.3 Pharmaceuticals and Personal Care
        1.3.4 Detergents and Cleaners
        1.3.5 Other
    1.4 Global Market Growth Prospects
        1.4.1 Global Citric Acid Production Value Estimates and Forecasts (2019-2030)
        1.4.2 Global Citric Acid Production Capacity Estimates and Forecasts (2019-2030)
        1.4.3 Global Citric Acid Production Estimates and Forecasts (2019-2030)
        1.4.4 Global Citric Acid Market Average Price Estimates and Forecasts (2019-2030)
    1.5 Assumptions and Limitations

 2 Market Competition by Manufacturers
    2.1 Global Citric Acid Production Market Share by Manufacturers (2019-2024)
    2.2 Global Citric Acid Production Value Market Share by Manufacturers (2019-2024)
    2.3 Global Key Players of Citric Acid, Industry Ranking, 2022 VS 2023 VS 2024
    2.4 Global Citric Acid Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
    2.5 Global Citric Acid Average Price by Manufacturers (2019-2024)
    2.6 Global Key Manufacturers of Citric Acid, Manufacturing Base Distribution and Headquarters
    2.7 Global Key Manufacturers of Citric Acid, Product Offered and Application
    2.8 Global Key Manufacturers of Citric Acid, Date of Enter into This Industry
    2.9 Citric Acid Market Competitive Situation and Trends
        2.9.1 Citric Acid Market Concentration Rate
        2.9.2 Global 5 and 10 Largest Citric Acid Players Market Share by Revenue
    2.10 Mergers & Acquisitions, Expansion

 3 Citric Acid Production by Region
    3.1 Global Citric Acid Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
    3.2 Global Citric Acid Production Value by Region (2019-2030)
        3.2.1 Global Citric Acid Production Value Market Share by Region (2019-2024)
        3.2.2 Global Forecasted Production Value of Citric Acid by Region (2025-2030)
    3.3 Global Citric Acid Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
    3.4 Global Citric Acid Production by Region (2019-2030)
        3.4.1 Global Citric Acid Production Market Share by Region (2019-2024)
        3.4.2 Global Forecasted Production of Citric Acid by Region (2025-2030)
    3.5 Global Citric Acid Market Price Analysis by Region (2019-2024)
    3.6 Global Citric Acid Production and Value, Year-over-Year Growth
        3.6.1 North America Citric Acid Production Value Estimates and Forecasts (2019-2030)
        3.6.2 Europe Citric Acid Production Value Estimates and Forecasts (2019-2030)
        3.6.3 China Citric Acid Production Value Estimates and Forecasts (2019-2030)
        3.6.4 Southeast Asia Citric Acid Production Value Estimates and Forecasts (2019-2030)
        3.6.5 South America Citric Acid Production Value Estimates and Forecasts (2019-2030)

 4 Citric Acid Consumption by Region
    4.1 Global Citric Acid Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
    4.2 Global Citric Acid Consumption by Region (2019-2030)
        4.2.1 Global Citric Acid Consumption by Region (2019-2024)
        4.2.2 Global Citric Acid Forecasted Consumption by Region (2025-2030)
    4.3 North America
        4.3.1 North America Citric Acid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
        4.3.2 North America Citric Acid Consumption by Country (2019-2030)
        4.3.3 United States
        4.3.4 Canada
    4.4 Europe
        4.4.1 Europe Citric Acid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
        4.4.2 Europe Citric Acid Consumption by Country (2019-2030)
        4.4.3 Germany
        4.4.4 France
        4.4.5 U.K.
        4.4.6 Italy
        4.4.7 Russia
    4.5 Asia Pacific
        4.5.1 Asia Pacific Citric Acid Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
        4.5.2 Asia Pacific Citric Acid Consumption by Region (2019-2030)
        4.5.3 China
        4.5.4 Japan
        4.5.5 South Korea
        4.5.6 China Taiwan
        4.5.7 Southeast Asia
        4.5.8 India
    4.6 Latin America, Middle East & Africa
        4.6.1 Latin America, Middle East & Africa Citric Acid Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
        4.6.2 Latin America, Middle East & Africa Citric Acid Consumption by Country (2019-2030)
        4.6.3 Mexico
        4.6.4 Brazil
        4.6.5 Turkey

 5 Segment by Type
    5.1 Global Citric Acid Production by Type (2019-2030)
        5.1.1 Global Citric Acid Production by Type (2019-2024)
        5.1.2 Global Citric Acid Production by Type (2025-2030)
        5.1.3 Global Citric Acid Production Market Share by Type (2019-2030)
    5.2 Global Citric Acid Production Value by Type (2019-2030)
        5.2.1 Global Citric Acid Production Value by Type (2019-2024)
        5.2.2 Global Citric Acid Production Value by Type (2025-2030)
        5.2.3 Global Citric Acid Production Value Market Share by Type (2019-2030)
    5.3 Global Citric Acid Price by Type (2019-2030)

 6 Segment by Application
    6.1 Global Citric Acid Production by Application (2019-2030)
        6.1.1 Global Citric Acid Production by Application (2019-2024)
        6.1.2 Global Citric Acid Production by Application (2025-2030)
        6.1.3 Global Citric Acid Production Market Share by Application (2019-2030)
    6.2 Global Citric Acid Production Value by Application (2019-2030)
        6.2.1 Global Citric Acid Production Value by Application (2019-2024)
        6.2.2 Global Citric Acid Production Value by Application (2025-2030)
        6.2.3 Global Citric Acid Production Value Market Share by Application (2019-2030)
    6.3 Global Citric Acid Price by Application (2019-2030)

 7 Key Companies Profiled
    7.1 Weifang Ensign Industry
        7.1.1 Weifang Ensign Industry Citric Acid Corporation Information
        7.1.2 Weifang Ensign Industry Citric Acid Product Portfolio
        7.1.3 Weifang Ensign Industry Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.1.4 Weifang Ensign Industry Main Business and Markets Served
        7.1.5 Weifang Ensign Industry Recent Developments/Updates
    7.2 TTCA
        7.2.1 TTCA Citric Acid Corporation Information
        7.2.2 TTCA Citric Acid Product Portfolio
        7.2.3 TTCA Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.2.4 TTCA Main Business and Markets Served
        7.2.5 TTCA Recent Developments/Updates
    7.3 RZBC Group
        7.3.1 RZBC Group Citric Acid Corporation Information
        7.3.2 RZBC Group Citric Acid Product Portfolio
        7.3.3 RZBC Group Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.3.4 RZBC Group Main Business and Markets Served
        7.3.5 RZBC Group Recent Developments/Updates
    7.4 Jiangsu Guoxin Union Energy
        7.4.1 Jiangsu Guoxin Union Energy Citric Acid Corporation Information
        7.4.2 Jiangsu Guoxin Union Energy Citric Acid Product Portfolio
        7.4.3 Jiangsu Guoxin Union Energy Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.4.4 Jiangsu Guoxin Union Energy Main Business and Markets Served
        7.4.5 Jiangsu Guoxin Union Energy Recent Developments/Updates
    7.5 Cofco Biochemical
        7.5.1 Cofco Biochemical Citric Acid Corporation Information
        7.5.2 Cofco Biochemical Citric Acid Product Portfolio
        7.5.3 Cofco Biochemical Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.5.4 Cofco Biochemical Main Business and Markets Served
        7.5.5 Cofco Biochemical Recent Developments/Updates
    7.6 Citrique Belge
        7.6.1 Citrique Belge Citric Acid Corporation Information
        7.6.2 Citrique Belge Citric Acid Product Portfolio
        7.6.3 Citrique Belge Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.6.4 Citrique Belge Main Business and Markets Served
        7.6.5 Citrique Belge Recent Developments/Updates
    7.7 Jungbunzlauer Suisse
        7.7.1 Jungbunzlauer Suisse Citric Acid Corporation Information
        7.7.2 Jungbunzlauer Suisse Citric Acid Product Portfolio
        7.7.3 Jungbunzlauer Suisse Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.7.4 Jungbunzlauer Suisse Main Business and Markets Served
        7.7.5 Jungbunzlauer Suisse Recent Developments/Updates
    7.8 ADM
        7.8.1 ADM Citric Acid Corporation Information
        7.8.2 ADM Citric Acid Product Portfolio
        7.8.3 ADM Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.8.4 ADM Main Business and Markets Served
        7.7.5 ADM Recent Developments/Updates
    7.9 Cargill
        7.9.1 Cargill Citric Acid Corporation Information
        7.9.2 Cargill Citric Acid Product Portfolio
        7.9.3 Cargill Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.9.4 Cargill Main Business and Markets Served
        7.9.5 Cargill Recent Developments/Updates
    7.10 Laiwu Taihe Biochemistry
        7.10.1 Laiwu Taihe Biochemistry Citric Acid Corporation Information
        7.10.2 Laiwu Taihe Biochemistry Citric Acid Product Portfolio
        7.10.3 Laiwu Taihe Biochemistry Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.10.4 Laiwu Taihe Biochemistry Main Business and Markets Served
        7.10.5 Laiwu Taihe Biochemistry Recent Developments/Updates
    7.11 Tate & Lyle
        7.11.1 Tate & Lyle Citric Acid Corporation Information
        7.11.2 Tate & Lyle Citric Acid Product Portfolio
        7.11.3 Tate & Lyle Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.11.4 Tate & Lyle Main Business and Markets Served
        7.11.5 Tate & Lyle Recent Developments/Updates
    7.12 Natural Biological Group
        7.12.1 Natural Biological Group Citric Acid Corporation Information
        7.12.2 Natural Biological Group Citric Acid Product Portfolio
        7.12.3 Natural Biological Group Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.12.4 Natural Biological Group Main Business and Markets Served
        7.12.5 Natural Biological Group Recent Developments/Updates
    7.13 Gadot Biochemical Industries
        7.13.1 Gadot Biochemical Industries Citric Acid Corporation Information
        7.13.2 Gadot Biochemical Industries Citric Acid Product Portfolio
        7.13.3 Gadot Biochemical Industries Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.13.4 Gadot Biochemical Industries Main Business and Markets Served
        7.13.5 Gadot Biochemical Industries Recent Developments/Updates
    7.14 Huangshi Xinghua Biochemical
        7.14.1 Huangshi Xinghua Biochemical Citric Acid Corporation Information
        7.14.2 Huangshi Xinghua Biochemical Citric Acid Product Portfolio
        7.14.3 Huangshi Xinghua Biochemical Citric Acid Production, Value, Price and Gross Margin (2019-2024)
        7.14.4 Huangshi Xinghua Biochemical Main Business and Markets Served
        7.14.5 Huangshi Xinghua Biochemical Recent Developments/Updates

 8 Industry Chain and Sales Channels Analysis
    8.1 Citric Acid Industry Chain Analysis
    8.2 Citric Acid Key Raw Materials
        8.2.1 Key Raw Materials
        8.2.2 Raw Materials Key Suppliers
    8.3 Citric Acid Production Mode & Process
    8.4 Citric Acid Sales and Marketing
        8.4.1 Citric Acid Sales Channels
        8.4.2 Citric Acid Distributors
    8.5 Citric Acid Customers

 9 Citric Acid Market Dynamics
    9.1 Citric Acid Industry Trends
    9.2 Citric Acid Market Drivers
    9.3 Citric Acid Market Challenges
    9.4 Citric Acid Market Restraints

 10 Research Finding and Conclusion

 11 Methodology and Data Source
    11.1 Methodology/Research Approach
        11.1.1 Research Programs/Design
        11.1.2 Market Size Estimation
        11.1.3 Market Breakdown and Data Triangulation
    11.2 Data Source
        11.2.1 Secondary Sources
        11.2.2 Primary Sources
    11.3 Author List
    11.4 Disclaimer

Published By : QY Research

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