Citric Acid Market size to grow by USD 2,253.4 million from 2022 to 2027; Driven by the growing demand for citric acids from detergents and cleaners - Technavio

NEW YORK, May 3, 2023 /PRNewswire/ -- The citric acid market size is expected to increase by USD 2,253.4 million from 2022 to 2027, registering a CAGR of 8.44%, according to the latest research report from Technavio. Discover Commodity Chemicals industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The citric acid market covers the following areas:

Citric Acid Market Sizing
Citric Acid Market Forecast
Citric Acid Market Analysis

Citric Acid Market - Vendor Landscape

The global citric acid market consists of many key global players, along with regional and local players. The market is highly competitive and dominated by large global vendors such as Archer Daniels Midland, Cargill, COFCO, Gadot Biochemical Industries, and others. The citric acid market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Companies Mentioned

• Anmol Chemicals Group
• Archer Daniels Midland Co.
• Cargill Inc.
• Citribel NV
• COFCO Corp.
• Dastech International Inc.
• Foodchem International Corp.
• Gadot Biochemical Industries Ltd.
• Hemadri Chemicals
• Huangshi Xinghua Biochemical Co. Ltd.
• Jungbunzlauer Suisse AG
• Kenko Corp.
• KIC Chemicals Inc.
• MP Biomedicals Inc.
• Niram Chemicals
• Paras Chemical Industries
• RZBC Group Co. Ltd.
• Shandong Lemon Biochemical Co. Ltd.
• Tate and Lyle Plc
• Weifang Ensign Industry Co. Ltd.

Vendor Offerings

• Archer Daniels Midland Co. - The company offers citric acid which is used in soaps and laundry detergents.
• Cargill Inc. - The company offers citric acid which is used in a broad array of applications related to foods and beverages, pharmaceuticals, household detergents, and cosmetics.
• Citribel NV - The company offers citric acid which is used in food as a flavoring agent and preservative.

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Citric Acid Market - Key Market Segmentation

This citric acid market report extensively covers market segmentation by application (food and beverage, pharmaceuticals and personal care products, detergents and cleaners, and others), type (liquid and anhydrous), and geography (Europe, North America, APAC, Middle East and Africa, and South America).

• The market share growth by the food and beverage segment will be significant for overall market growth during the forecast period. Citric acid is used to balance sweetness and create a refreshing, mild acidity in beverages. It is also used as a preservative due to its acidic pH and inhibits the growth of microorganisms. Thus, it is widely used in jellies, jams, preserves, sweets, and meat products. Additionally, these factors are expected to boost the demand for citric acid in the food and beverage industry during the forecast period. Hence, the food and beverage industry is expected to grow steadily worldwide. Such factors will increase the segment's growth during the forecast period.

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Regional Market Outlook

Europe is estimated to account for 30% of the global citric acid market growth during the forecast period. The European citric acid market is expected to witness significant growth during the forecast period. This is due to growing awareness of healthy lifestyles and the health benefits of organic food additives. Germany, France and the UK are the major markets for citric acid in the region. Additionally, the high population density in these countries increases the sales of organic food, which translates into a high demand for citric acid in the region. Hence, the use of citric acid in the food and beverage industry is increasing as it extends the shelf life of convenience foods, which will propel the growth of the regional market during the forecast period.

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Citric Acid Market - Market Dynamics

Key Drivers

One of the key drivers for the citric acid market is the growing demand for citric acids from detergents and cleaners. Citric acid is used to reduce water hardness and aids in lathering and such properties of citric acid make it an integral part of soaps, detergents, and cleaning solutions. Additionally, due to its acidic nature, citric acid removes grime and dirt spots from fabrics and surfaces. Furthermore, citric acid is preferred in detergents used in cleaning applications because of its non-corrosive, non-toxic, and biodegradable properties. Thus, these properties have increased the demand for citric acid in household and detergent applications. In addition, citric acid-infused products are safe to use and do not pose such risks. Hence, such properties of citric acid drive market demand during the forecast period.

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession  
• Global competitiveness and key competitor positions  
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Major Trends

Growing popularity of organic food additives is an emerging market trend supporting the market growth in the forecast period. A recent trend observed is a shift in consumer demand from synthetic food additives to organic food additives such as herbal extracts, resulting in the organic preservatives market to register higher growth than the synthetic food additive market in developed countries. Consumers also perceive organic food additives to be safer and healthier than synthetic food additives. Moreover, the cost of manufacturing and purchasing organic food additives is much higher than that of synthetic food additives, but a growing health-conscious population is impacting their acceptance rate. Furthermore, the demand for drinks with less or no sugar is high among people, so manufacturers must introduce healthier alternatives and therefore, the increasing preference for organic food additives will have a positive influence on their production and consumption. 

Significant Challenges

Potential substitute such as lactic acid is expected to be a major challenge for the citric acid market during the forecast period. Lactic acid has emerged as a potential replacement for citric acid in various applications in the food and beverage industry. This includes industries such as meat products, frozen foods, dairy products, confectionery, snacks, soft drinks, beer, fruit juices, pickles, cheese, and dry casein. Additionally, the acidity of lactic acid leaves a long sour aftertaste in various products such as confectionery and snacks. Lactic acid is commonly used in the production of beer and wine, as it makes beer and wine taste better. Hence, due to these properties, which are like citric acid, lactic acid could be a potential substitute for the latter and may hinder the growth of the global citric acid market during the forecast period.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global citric acid market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global citric acid market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Food and beverage - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Food and beverage - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Food and beverage - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Food and beverage - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Food and beverage - Year-over-year growth 2022-2027 (%)

• 6.4 Pharmaceuticals and personal care products - Market size and forecast 2022-2027
• Exhibit 38: Chart on Pharmaceuticals and personal care products - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Pharmaceuticals and personal care products - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Pharmaceuticals and personal care products - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Pharmaceuticals and personal care products - Year-over-year growth 2022-2027 (%)

• 6.5 Detergents and cleaners - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Detergents and cleaners - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Detergents and cleaners - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Detergents and cleaners - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Detergents and cleaners - Year-over-year growth 2022-2027 (%)

• 6.6 Others - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ million)
• Exhibit 51: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 52: Chart on Type - Market share 2022-2027 (%)
• Exhibit 53: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 54: Chart on Comparison by Type
• Exhibit 55: Data Table on Comparison by Type

• 7.3 Liquid - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Liquid - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Liquid - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Liquid - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Liquid - Year-over-year growth 2022-2027 (%)

• 7.4 Anhydrous - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Anhydrous - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Anhydrous - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Anhydrous - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Anhydrous - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 64: Market opportunity by Type ($ million)
• Exhibit 65: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027 
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027 
• Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027 
• Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Archer Daniels Midland Co. 
• Exhibit 119: Archer Daniels Midland Co. - Overview
• Exhibit 120: Archer Daniels Midland Co. - Business segments
• Exhibit 121: Archer Daniels Midland Co. - Key offerings
• Exhibit 122: Archer Daniels Midland Co. - Segment focus

• 12.4 Cargill Inc.
• Exhibit 123: Cargill Inc. - Overview
• Exhibit 124: Cargill Inc. - Product / Service
• Exhibit 125: Cargill Inc. - Key news
• Exhibit 126: Cargill Inc. - Key offerings

• 12.5 Citribel NV
• Exhibit 127: Citribel NV - Overview
• Exhibit 128: Citribel NV - Product / Service
• Exhibit 129: Citribel NV - Key offerings

• 12.6 COFCO Corp.
• Exhibit 130: COFCO Corp. - Overview
• Exhibit 131: COFCO Corp. - Product / Service
• Exhibit 132: COFCO Corp. - Key offerings

• 12.7 Dastech International Inc. 
• Exhibit 133: Dastech International Inc. - Overview
• Exhibit 134: Dastech International Inc. - Product / Service
• Exhibit 135: Dastech International Inc. - Key offerings

• 12.8 Foodchem International Corp. 
• Exhibit 136: Foodchem International Corp. - Overview
• Exhibit 137: Foodchem International Corp. - Product / Service
• Exhibit 138: Foodchem International Corp. - Key offerings

• 12.9 Gadot Biochemical Industries Ltd. 
• Exhibit 139: Gadot Biochemical Industries Ltd. - Overview
• Exhibit 140: Gadot Biochemical Industries Ltd. - Product / Service
• Exhibit 141: Gadot Biochemical Industries Ltd. - Key offerings

• 12.10 Huangshi Xinghua Biochemical Co. Ltd. 
• Exhibit 142: Huangshi Xinghua Biochemical Co. Ltd. - Overview
• Exhibit 143: Huangshi Xinghua Biochemical Co. Ltd. - Product / Service
• Exhibit 144: Huangshi Xinghua Biochemical Co. Ltd. - Key offerings

• 12.11 Jungbunzlauer Suisse AG 
• Exhibit 145: Jungbunzlauer Suisse AG - Overview
• Exhibit 146: Jungbunzlauer Suisse AG - Product / Service
• Exhibit 147: Jungbunzlauer Suisse AG - Key offerings

• 12.12 Kenko Corp.
• Exhibit 148: Kenko Corp. - Overview
• Exhibit 149: Kenko Corp. - Product / Service
• Exhibit 150: Kenko Corp. - Key offerings

• 12.13 KIC Chemicals Inc.
• Exhibit 151: KIC Chemicals Inc. - Overview
• Exhibit 152: KIC Chemicals Inc. - Product / Service
• Exhibit 153: KIC Chemicals Inc. - Key offerings

• 12.14 RZBC Group Co. Ltd.
• Exhibit 154: RZBC Group Co. Ltd. - Overview
• Exhibit 155: RZBC Group Co. Ltd. - Product / Service
• Exhibit 156: RZBC Group Co. Ltd. - Key offerings

• 12.15 Shandong Lemon Biochemical Co. Ltd. 
• Exhibit 157: Shandong Lemon Biochemical Co. Ltd. - Overview
• Exhibit 158: Shandong Lemon Biochemical Co. Ltd. - Product / Service
• Exhibit 159: Shandong Lemon Biochemical Co. Ltd. - Key offerings

• 12.16 Tate and Lyle Plc
• Exhibit 160: Tate and Lyle Plc - Overview
• Exhibit 161: Tate and Lyle Plc - Business segments
• Exhibit 162: Tate and Lyle Plc - Key news
• Exhibit 163: Tate and Lyle Plc - Key offerings
• Exhibit 164: Tate and Lyle Plc - Segment focus

• 12.17 Weifang Ensign Industry Co. Ltd. 
• Exhibit 165: Weifang Ensign Industry Co. Ltd. - Overview
• Exhibit 166: Weifang Ensign Industry Co. Ltd. - Product / Service
• Exhibit 167: Weifang Ensign Industry Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 168: Inclusions checklist
• Exhibit 169: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 170: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 171: Research methodology
• Exhibit 172: Validation techniques employed for market sizing
• Exhibit 173: Information sources

• 13.5 List of abbreviations 
• Exhibit 174: List of abbreviations

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