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North America Citric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 120 pages | ID: NC7158ECC053EN
IMARC Group

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Market Overview:

The North America citric acid market size reached 575,800 Tons in 2022. Looking forward, IMARC Group expects the market to reach 703,670 Tons by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.

Citric acid (C6H8O7), is a commodity chemical which occurs naturally in citrus fruits such as lemons and oranges. To produce citric acid synthetically, cultures of Aspergillus niger fungus are fed on sucrose or glucose-containing medium. As it is rich in antioxidants, it aids in protecting against diseases and acts as an alkalizing agent for decreasing acidity in the human body. Owing to these benefits, citric acid is used as an acidulant in the food and beverage industry. It is also utilized in the production of soaps and detergents, pharmaceuticals, shampoos and conditioners, cosmetics, lubricants, and animal feed.

North America represents one of the largest markets for citric acid in the world. Citric acid and its derivatives are primarily employed in the food and beverage industry for controlling the growth of microorganisms, providing sourness and tartness, and enhancing flavors. Apart from this, the demand for citric acid in the detergents and cleaning agents has increased owing to the prohibition of phosphate in their manufacturing by governing authorities in different countries of North America. Further, usage of citric acid in the pharmaceutical industry for manufacturing digestive medicines is also expected to spur the demand in the upcoming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America citric acid market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on application and form.

Key Regions Analyzed
United States
Canada

Analysis for Each Country

Market by Application
Food and Beverages
Household Detergents and Cleaners
Pharmaceuticals
Others

Market by Form
Anhydrous
Liquid

Market by Imports and Exports
Imports
Exports

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles

IMARC Group’s latest report provides a deep insight into the North America citric acid market 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. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America citric acid market in any manner.

Key Questions Answered in This Report:
How has the North America citric acid market performed so far and how will it perform in the coming years?
What are the key regions in the North America citric acid market?
What has been the impact of COVID-19 on the North America citric acid market?
What is the breakup of the North America citric acid market on the basis of application?
What is the breakup of the North America citric acid market on the basis of form?
What are the various stages in the value chain of the North America citric acid industry?
What are the key driving factors and challenges in the North America citric acid industry?
What is the structure of the North America citric acid industry and who are the key players?
What is the degree of competition in the North America citric acid industry?
What are the profit margins in the North America citric acid industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

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

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Physical and Chemical Properties
4.3Key Industry Trends

5 GLOBAL CITRIC ACID MARKET

5.1Market Performance
5.2Market Breakup by Application
5.3Market Breakup by Form
5.4Market Breakup by Region
5.5Market Forecast

6 NORTH AMERICA CITRIC ACID MARKET

6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast

7 NORTH AMERICA CITRIC ACID MARKET: BREAKUP BY APPLICATION

7.1Food and Beverages
7.2Household Detergents and Cleaners
7.3Pharmaceuticals
7.4Others

8 NORTH AMERICA CITRIC ACID MARKET: BREAKUP BY FORM

8.1Anhydrous
8.2Liquid

9 NORTH AMERICA CITRIC ACID MARKET: BREAKUP BY COUNTRY

9.1 United States
  9.1.1Historical Market Trends
  9.1.2Market Breakup by Application
  9.1.3Market Breakup by Form
  9.1.4Market Forecast
9.2 Canada
  9.2.1Historical Market Trends
  9.2.2Market Breakup by Application
  9.2.3Market Breakup by Form
  9.2.4Market Forecast

10 IMPORTS AND EXPORTS

10.1Imports
10.2Exports

11 SWOT ANALYSIS

11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats

12 VALUE CHAIN ANALYSIS

12.1Overview
12.2Input Suppliers
12.3Farmers
12.4Collectors
12.5Manufacturers
12.6Distributors
12.7Exporters
12.8Retailers
12.9End-Users

13 PORTER’S FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Rivalry
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1Market Structure
15.2Key Players
15.3Profiles of Key Players

LIST OF TABLES

Table 1: North America: Citric Acid Market: Key Industry Highlights, 2022 and 2028
Table 2: Citric Acid: Physical Properties
Table 3: Citric Acid: Chemical Properties
Table 4: North America: Citric Acid Market Forecast: Breakup by Application (in ‘000 Tons), 2023-2028
Table 5: North America: Citric Acid Market Forecast: Breakup by Form (in ‘000 Tons), 2023-2028
Table 6: North America: Citric Acid Market Forecast: Breakup by Country (in ‘000 Tons), 2023-2028
Table 7: North America: Citric Acid Market: Import Data by Country
Table 8: North America: Citric Acid Market: Export Data by Country
Table 9: North America: Citric Acid Market: Competitive Structure
Table 10: North America: Citric Acid Market: Key Players

LIST OF FIGURES

Figure 1: North America: Citric Acid Market: Major Drivers and Challenges
Figure 2: Global: Citric Acid Market: Volume Trends (in ‘000 Tons), 2017-2022
Figure 3: Global: Citric Acid Market: Breakup by Application (in %), 2022
Figure 4: Global: Citric Acid Market: Breakup by Form (in %), 2022
Figure 5: Global: Citric Acid Market: Breakup by Region (in %), 2022
Figure 6: Global: Citric Acid Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 7: North America: Citric Acid Market: Volume Trends (in ‘000 Tons), 2017-2022
Figure 8: North America: Citric Acid Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 9: North America: Citric Acid Industry: SWOT Analysis
Figure 10: North America: Citric Acid Industry: Value Chain Analysis
Figure 11: North America: Citric Acid Industry: Porter’s Five Forces Analysis
Figure 12: North America: Citric Acid Market: Import Trends
Figure 13: North America: Citric Acid Market: Export Trends
Figure 14: North America: Citric Acid Market: Breakup by Application (in %), 2022
Figure 15: North America: Citric Acid (Food and Beverages) Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 16: North America: Citric Acid (Food and Beverages) Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 17: North America: Citric Acid (Household Detergents and Cleaners) Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 18: North America: Citric Acid (Household Detergents and Cleaners) Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 19: North America: Citric Acid (Pharmaceuticals) Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 20: North America: Citric Acid (Pharmaceuticals) Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 21: North America: Citric Acid (Other Applications) Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 22: North America: Citric Acid (Other Applications) Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 23: North America: Citric Acid Market: Breakup by Form (in %), 2022
Figure 24: North America: Citric Acid (Anhydrous) Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 25: North America: Citric Acid (Anhydrous) Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 26: North America: Citric Acid (Liquid) Market: Volume Trends (in ‘000 Tons), 2017 & 2022
Figure 27: North America: Citric Acid (Liquid) Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 28: North America: Citric Acid Market: Breakup by Country (in %), 2022
Figure 29: United States: Citric Acid Market: Volume Trends (in ‘000 Tons), 2017-2022
Figure 30: United States: Citric Acid Market: Breakup by Application (in %), 2022
Figure 31: United States: Citric Acid Market: Breakup by Form (in %), 2022
Figure 32: United States: Citric Acid Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028
Figure 33: Canada: Citric Acid Market: Volume Trends (in ‘000 Tons), 2017-2022
Figure 34: Canada: Citric Acid Market: Breakup by Application (in %), 2022
Figure 35: Canada: Citric Acid Market: Breakup by Form (in %), 2022
Figure 36: Canada: Citric Acid Market Forecast: Volume Trends (in ‘000 Tons), 2023-2028


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