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Citric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global citric acid market exceeded the volume of 2 Million Tons in 2018. The market is further projected to reach a volume of nearly 3 Million Tons by 2024, growing at a CAGR of 4% during 2019-2024. Citric acid is a weak organic acid found in the juice of lemons and other citrus fruits. Around 75% of the global consumption of citric acid is accounted by the food and beverages industry, primarily as an acidulant in carbonated soft drinks. In addition to this, it is used to control the growth of microorganisms, for pH adjustment and inducing sourness. In household detergents and cleaners, citric acid is utilized as a co-builder, mainly in concentrated liquid detergents with zeolite builder systems. As citric acid provides a less harmful formulation than phosphates in water systems, it is gaining traction among detergent manufacturers.

Citric Acid Market Report

Global Citric Acid Market Drivers:

  • Due to its various advantageous properties, citric acid is widely used as an additive in food and beverages, personal care products, cleaners and detergents, adhesives and sealants, coatings, inks, plastics and polymers, pharmaceutical products and clinical nutrition, feed and pet food items.
  • The chemical makeup and potency of citric acid remains stable for at least five years in its original closed container. Owing to its long shelf-life, it finds application as a preservative, flavoring and coloring agent.
  • Growing awareness about the adverse effects caused by the chemicals used in daily use products has led the consumers to shift towards organic products so as to lower their chemical intake. This has created a positive outlook for the growth of the citric acid market.
  • Heightened demand for ready-to-drink beverages and processed foods has been witnessed in the developing countries on account of continuous economic growth, busy lifestyles, increasing urbanization and rising disposable incomes. As a result, the emerging regions are expected to be the future growth driver of the citric acid market.


Breakup by Application:

Global Citric Acid Market BY application

Citric acid is majorly used in the food and beverage industry as an additive, flavor enhancer, preservative and antioxidant in a wide range of food products including soups, mayonnaise, candies, wines, juices, creams and carbonated drinks. Other major application segments of citric acid are household detergents and cleaners, and pharmaceuticals.

Breakup by Form:

On the basis of form, the market has been bifurcated into anhydrous and liquid citric acid. Amongst these, anhydrous citric acid represents the leading segment as it is extensively used for manufacturing a variety of food products such as ice creams, jams, jellies, canned foods, etc.

Regional Insights:

Region-wise, Western Europe represents the world’s largest consumer of citric acid, wherein the major markets are Germany, France and the United Kingdom. However, demand for citric acid is mature and relatively saturated in the region, particularly in the carbonated beverage sector. Western Europe is followed by the United States, China, Middle East and Africa, Central/Eastern Europe, Brazil and India.

Competitive Landscape:

The global citric acid industry is concentrated in nature with a few major players controlling most of the market. As the initial capital cost to set up a citric acid plant is quite high, it is difficult for small players to enter this market. Some of the major players operative in the market are:

  • Archer Daniels Midland Company
  • Cargill, Incorporated
  • Tate & Lyle PLC
  • Jungbunzlauer Suisse AG
  • Cofco Biochemical (Anhui) Co., Ltd.
  • Huangshi Xinghua Biochemical Co. Ltd.
  • RZBC Group Co. Ltd.
  • Weifang Ensign Industry Co., Ltd.
  • Gadot Biochemical Industries Ltd.
  • S.A. Citrique Belge N.V.


This report provides a deep insight into the global citric acid industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a citric acid manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the citric acid industry in any manner.

Key Questions Answered in This Report:

  • How has the global citric acid market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global citric acid industry?
  • What are the various forms in the global citric acid industry?
  • What are the major application segments in the global citric acid industry?
  • What are the various stages in the value chain of the global citric acid industry?
  • What are the key driving factors and challenges in the global citric acid industry?
  • What is the structure of the global citric acid industry and who are the key players?
  • What is the degree of competition in the global citric acid industry?
  • What are the profit margins in the global citric acid industry?
  • What are the key requirements for setting up a citric acid manufacturing plant?
  • How is citric acid manufactured?
  • What are the various unit operations involved in a citric acid manufacturing plant?
  • What is the total size of land required for setting up a citric acid manufacturing plant?
  • What are the machinery requirements for setting up a citric acid manufacturing plant?
  • What are the raw material requirements for setting up a citric acid manufacturing plant?
  • What are the packaging requirements for citric acid?
  • What are the transportation requirements for citric acid?
  • What are the utility requirements for setting up a citric acid manufacturing plant?
  • What are the manpower requirements for setting up a citric acid manufacturing plant?
  • What are the infrastructure costs for setting up a citric acid manufacturing plant?
  • What are the capital costs for setting up a citric acid manufacturing plant?
  • What are the operating costs for setting up a citric acid manufacturing plant?
  • What will be the income and expenditures for a citric acid manufacturing plant?
  • What is the time required to break-even?

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   Global Citric Acid Industry
    5.1 Market Overview
    5.2 Market Performance
    5.3 Markey Breakup by Region
    5.4 Market Breakup by Application
    5.5 Market Breakup by Form
    5.6 Market Forecast     
    5.7 SWOT Analysis
        5.7.1 Overview
        5.7.2 Strengths
        5.7.3 Weaknesses
        5.7.4 Opportunities
        5.7.5 Threats
    5.8 Value Chain Analysis
        5.8.1 Input Suppliers
        5.8.2 Farmers
        5.8.3 Collectors
        5.8.4 Manufacturers
        5.8.5 Distributors
        5.8.6 Exporters
        5.8.7 Retailers
        5.8.8 End-Users
    5.9 Porter’s Five Forces Analysis
        5.9.1 Overview
        5.9.2 Bargaining Power of Buyers
        5.9.3 Bargaining Power of Suppliers
        5.9.4 Degree of Competition
        5.9.5 Threat of New Entrants
        5.9.6 Threat of Substitutes
    5.10 Price Analysis
        5.10.1 Key Price Indicators 
        5.10.2 Price Structure
        5.10.3 Margin Analysis
    5.11 Trade Data
        5.11.1 Import by Major Countries
        5.11.2 Export by Major countries
    5.12 Key Market Drivers and Success Factors
6   Performance of Key Regions
    6.1 Western Europe
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2 United States
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3 China
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4 Middle East and Africa
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5 Central/Eastern Europe
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6 Brazil
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7 India
        6.7.1 Market Trends
        6.7.2 Market Forecast
7   Market by Application
    7.1 Food and Beverages
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2 Household Detergents and Cleaners
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3 Pharmaceuticals
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4 Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market by Form
    8.1 Anhydrous
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2 Liquid
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Competitive Landscape
    9.1 Competitive Structure
    9.2 Production Capacity of Key Manufacturers
10  Citric Acid Manufacturing Process
    10.1 Product Overview
    10.2 Manufacturing Process
    10.3 Raw Material Requirements
    10.4 Mass Balance and Feedstock Conversion Rates
11  Project Details, Requirements and Costs Involved
    11.1 Land Requirements and Expenditures
    11.2 Construction Requirements and Expenditures
    11.3 Plant Machinery
    11.4 Machinery Pictures
    11.5 Raw Material Requirements and Expenditures
    11.6 Raw Material and Final Product Pictures
    11.7 Packaging Requirements and Expenditures
    11.8 Transportation Requirements and Expenditures
    11.9 Utility Requirements and Expenditures
    11.10 Manpower Requirements and Expenditures
    11.11 Other Capital Investments
12  Loans and Financial Assistance
13  Project Economics

    13.1 Capital Cost of the Project
    13.2 Techno-Economic Parameters
    13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
    13.4 Taxation and Depreciation
    13.5 Income Projections
    13.6 Expenditure Projections
    13.7 Financial Analysis
    13.8 Profit Analysis
14  Key Player Profiles
    14.1 Archer Daniels Midland Company 
    14.2 Cargill, Incorporated 
    14.3 Tate & Lyle PLC 
    14.4 Jungbunzlauer Suisse AG 
    14.5 Cofco Biochemical (Anhui) Co., Ltd. 
    14.6 Huangshi Xinghua Biochemical Co. Ltd.
    14.7 RZBC Group Co. Ltd. 
    14.8 Weifang Ensign Industry Co., Ltd. 
    14.9 Gadot Biochemical Industries Ltd. 
    14.10 S.A. Citrique Belge N.V.
 

List of Figures

Figure 1: Global: Citric Acid Market: Major Drivers and Challenges
Figure 2: Global: Citric Acid Market: Production Volume Trends (in Million Tons), 2011-2018
Figure 3: Global: Citric Acid Market: Consumption Volume Trends (in Million Tons), 2011-2018
Figure 4: Global: Citric Acid Market: Production Breakup by Region (in %), 2018
Figure 5: Global: Citric Acid Market: Consumption Breakup by Region (in %), 2018
Figure 6: Global: Citric Acid Market: Breakup by Application (in %), 2018
Figure 7: Global: Citric Acid Market: Breakup by Form (in %), 2018
Figure 8: Global: Citric Acid Market Forecast: Production Volume Trends (in Million Tons), 2019-2024
Figure 9: Global: Citric Acid Market Forecast: Consumption Volume Trends (in Million Tons), 2019-2024
Figure 10: Global: Citric Acid Industry: SWOT Analysis
Figure 11: Global: Citric Acid Industry: Value Chain Analysis
Figure 12: Global: Citric Acid Industry: Porter’s Five Forces Analysis
Figure 13: Global: Citric Acid Industry: Price Structure (US$/Ton)
Figure 14: Global: Citric Acid Market: Import Volume Breakup by Country (%), 2017
Figure 15: Germany: Citric Acid Market: Import Volume Trend (in Tons), 2013-2017
Figure 16: Global: Citric Acid Market: Export Volume Breakup by Country (in %), 2017
Figure 17: China: Citric Acid: Export Volume Trend (in Tons), 2013-2017
Figure 18: Western Europe: Citric Acid Market (in ‘000 Tons), 2011 & 2018
Figure 19: Western Europe: Citric Acid Market Forecast (in ‘000 Tons), 2019-2024
Figure 20: United States: Citric Acid Market (in ‘000 Tons), 2011 & 2018
Figure 21: United States: Citric Acid Market Forecast (in ‘000 Tons), 2019-2024
Figure 22: China: Citric Acid Market (in ‘000 Tons), 2011 & 2018
Figure 23: China: Citric Acid Market Forecast (in ‘000 Tons), 2019-2024
Figure 24: Middle East and Africa: Citric Acid Market (in ‘000 Tons), 2011 & 2018
Figure 25: Middle East and Africa: Citric Acid Market Forecast (in ‘000 Tons), 2019-2024
Figure 26: Central/Eastern Europe: Citric Acid Market (in ‘000 Tons), 2011 & 2018
Figure 27: Central/Eastern Europe: Citric Acid Market Forecast (in ‘000 Tons), 2019-2024
Figure 28: Brazil: Citric Acid Market (in ‘000 Tons), 2011 & 2018
Figure 29: Brazil: Citric Acid Market Forecast (in ‘000 Tons), 2019-2024
Figure 30: India: Citric Acid Market (in ‘000 Tons), 2011 & 2018
Figure 31: India: Citric Acid Market Forecast (in ‘000 Tons), 2019-2024
Figure 32: Global: Anhydrous Citric Acid Market (in ‘000 Tons), 2011 & 2018
Figure 33: Global: Anhydrous Citric Acid Market Forecast (in ‘000 Tons), 2019-2024
Figure 34: Global: Liquid Citric Acid Market (in ‘000 Tons), 2011 & 2018
Figure 35: Global: Liquid Citric Acid Market Forecast (in ‘000 Tons), 2019-2024
Figure 36: Global: Citric Acid Market: Food and Beverages (in ‘000 Tons), 2011 & 2018
Figure 37: Global: Citric Acid Market Forecast: Food and Beverages (in ‘000 Tons), 2019-2024
Figure 38: Global: Citric Acid Market: Household Detergents and Cleaners (in ‘000 Tons), 2011 & 2018
Figure 39: Global: Citric Acid Market Forecast: Household Detergents and Cleaners (in ‘000 Tons), 2019-2024
Figure 40: Global: Citric Acid Market: Pharmaceuticals (in ‘000 Tons), 2011 & 2018
Figure 41: Global: Citric Acid Market Forecast: Pharmaceuticals (in ‘000 Tons), 2019-2024
Figure 42: Global: Citric Acid Market: Other Applications (in ‘000 Tons), 2011 & 2018
Figure 43: Global: Citric Acid Market Forecast: Other Applications (in ‘000 Tons), 2019-2024
Figure 44: Citric Acid Manufacturing Plant: Detailed Process Flow
Figure 45: Citric Acid Manufacturing: Conversion Rate of Feedstocks
Figure 46: Citric Acid Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 47: Citric Acid Industry: Profit Margins at Various Levels of the Supply Chain
Figure 48: Citric Acid Production: Manufacturing Cost Breakup (in %)


List of Tables

Table 1: Global: Citric Acid Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Citric Acid Market Forecast: Breakup by Region, (in ‘000 Tons) 2019-2024
Table 3: Global: Citric Acid Market Forecast: Breakup by Application, (in ‘000 Tons) 2019-2024
Table 4: Global: Citric Acid Market Forecast: Breakup by Form, 2019-2024
Table 5: Global: Citric Acid Market: Import Data by Country (in US$ and Tons), 2017
Table 6: Global: Citric Acid Market: Export Data by Country (in US$ and Tons), 2017
Table 7: Global: Citric Acid Market: Competitive Structure 
Table 8: Global: Citric Acid Market: Key Players
Table 9: Citric Acid Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 10: Citric Acid Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 11: Citric Acid Manufacturing Plant: Costs Related to Machinery (in US$)
Table 12: Citric Acid Manufacturing Plant: Raw Material Requirements (in Tons/ Day) and Expenditures (in USD/Ton)
Table 13: Citric Acid Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 14: Citric Acid Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 15: Details of Financial Assistance Offered by Financial Institutions
Table 16: Citric Acid Manufacturing Plant: Capital Costs (in US$)
Table 17: Citric Acid Manufacturing Plant: Techno-Economic Parameters
Table 18: Citric Acid Manufacturing Plant: Taxation and Depreciation
Table 19: Citric Acid Manufacturing Plant: Income Projections (in US$)
Table 20: Citric Acid Manufacturing Plant: Expenditure Projections (in US$)
Table 21: Citric Acid Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 22: Citric Acid Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 23: Citric Acid Manufacturing Plant: Profit and Loss Account (in US$)

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