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China Citric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The China citric acid market is expected to grow at a CAGR of X% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Citric acid is a weak organic tricarboxylic acid that is generally found in citrus fruits, such as lemon, oranges, grapefruits, and pomelos. Soluble in water, dimethyl sulfoxide, alcohol and ethyl acetate, it is commonly utilized in the food industry as a flavoring and preserving agent. It is also utilized for a vast array of industrial purposes, such as providing pH adjustment, controlling the growth of microorganisms, and manufacturing medicines, personal care products, and cosmetics. Additionally, it is also used in the formulation of numerous medicines and health supplements as it aids in improving metabolism and enhancing nutrient absorption in the body.

The market in China is primarily driven by significant growth in the pharmaceutical industry. Along with this, multiple key players across the region are engaging in merger and acquisitions (M&A) activities to create numerous growth opportunities in the market. Apart from this, the widespread adoption of citric acid in the manufacturing of household cleaners, including detergents, dish soaps, and rust remover products, is also creating a positive outlook for the market across the country. Some of the other factors contributing to the market growth include significant growth in the food and beverage industry and extensive research and development (R&D) activities.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the China citric acid market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on application and form.

Breakup by Application:

  • Food and Beverages
  • Household Detergents and Cleaners
  • Pharmaceuticals
  • Others
     

Breakup by Form:

  • Anhydrous
  • Liquid
     

Breakup by Region:

  • North and Northeast
  • Northwest
  • East
  • South Central
  • Southwest
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units ‘000 Tons
Segment Coverage Application, Form, Region
Region Covered North and Northeast, Northwest, East, South Central, Southwest
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

 

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    China Citric Acid Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market by Application
    6.1    Food and Beverages
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Household Detergents and Cleaners
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Pharmaceuticals
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market by Form
    7.1    Anhydrous
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Liquid
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Region
    8.1    North and Northeast
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Northwest
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    East
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    South Central
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Southwest
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Policy and Regulatory Landscape
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players

List of Figures

Figure 1: China: Citric Acid Market: Major Drivers and Challenges
Figure 2: China: Citric Acid Market: Volume Trends (in ‘000 Tons), 2015-2020
Figure 3: China: Citric Acid Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 4: China: Citric Acid Market: Breakup by Application (in %), 2020
Figure 5: China: Citric Acid Market: Breakup by Form (in %), 2020
Figure 6: China: Citric Acid Market: Breakup by Region (in %), 2020
Figure 7: China: Citric Acid (Food and Beverages) Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 8: China: Citric Acid (Food and Beverages) Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 9: China: Citric Acid (Household Detergents and Cleaners) Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 10: China: Citric Acid (Household Detergents and Cleaners) Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 11: China: Citric Acid (Pharmaceuticals) Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 12: China: Citric Acid (Pharmaceuticals) Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 13: China: Citric Acid (Other Applications) Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 14: China: Citric Acid (Other Applications) Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 15: China: Citric Acid (Anhydrous) Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 16: China: Citric Acid (Anhydrous) Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 17: China: Citric Acid (Liquid) Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 18: China: Citric Acid (Liquid) Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 19: North and Northeast: Citric Acid Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 20: North and Northeast: Citric Acid Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 21: Northwest: Citric Acid Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 22: Northwest: Citric Acid Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 23: East: Citric Acid Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 24: East: Citric Acid Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 25: South Central: Citric Acid Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 26: South Central: Citric Acid Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 27: Southwest: Citric Acid Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 28: Southwest: Citric Acid Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 29: China: Citric Acid Industry: SWOT Analysis
Figure 30: China: Citric Acid Industry: Value Chain Analysis
Figure 31: China: Citric Acid Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: China: Citric Acid Market: Key Industry Highlights, 2020 and 2026
Table 2: China: Citric Acid Market Forecast: Breakup by Application (in ‘000 Tons), 2021-2026
Table 3: China: Citric Acid Market Forecast: Breakup by Form (in ‘000 Tons), 2021-2026
Table 4: China: Citric Acid Market Forecast: Breakup by Region (in ‘000 Tons), 2021-2026
Table 5: China: Citric Acid Market: Competitive Structure
Table 6: China: Citric Acid Market: Key Players

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Key Question Answered in this Report

We expect the China citric acid market to exhibit a CAGR of 4.37% during 2021-2026.
 

The expanding pharmaceutical industry, along with the growing utilization of citric acid in the formulation of numerous medicines and health supplements, is primarily driving the China citric acid market. 
 

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across China resulting in temporary shutdown of numerous end-use industries for citric acid. 
 

Based on the application, the China citric acid market can be segmented into food and beverages, household detergents and cleaners, pharmaceuticals, and others. Among these, the food and beverages sector accounts for the majority of the total market share.
 

Based on the form, the China citric acid market can be categorized into anhydrous and liquid. Currently, anhydrous form holds the largest market share.
 

On a regional level, the market has been classified into North and Northeast, Northwest, East, South Central, and Southwest, where East China currently dominates the China market.
 

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