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Global Citric Acid Market Size, Manufacturers, Opportunities and Forecast to 2030

April 2024 | 104 pages | ID: G5104CF5960DEN
APO Research

US$ 3,450.00

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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.

According to APO Research, The global Citric Acid market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

Global Citric Acid key players include Weifang Ensign Industry Co., Ltd., TTCA Co., Ltd, RZBC Group Co. Ltd., Cofco Biochemical (Anhui) Co., Ltd., etc. Global top four manufacturers hold a share over 45%.

China is the largest market, with a share nearly 70%, followed by Europe, and North America, both have a share over 40 percent.

In terms of product, Powder Citric Acid is the largest segment, with a share about 85%. And in terms of application, the largest application is Food and Beverages, followed by Pharmaceuticals and Personal Care, Detergents and Cleansers, etc.

Report Scope

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.

The Citric Acid market size, estimations, and forecasts are provided in terms of sales volume (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.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
  • Weifang Ensign Industry Co., Ltd.
  • TTCA Co., Ltd
  • RZBC Group Co. Ltd.
  • Cofco Biochemical (Anhui) Co., Ltd.
  • Jungbunzlauer Suisse AG
  • Tate & Lyle
  • S.A. Citrique Belge N.V.
  • Archer Daniels Midland Company
  • Cargill Incorporated
  • Shandong Juxian Hongde Citric Acid Company Ltd
  • Huangshi Xinghua Biochemical Co.Ltd
  • Gadot Biochemical Industries Ltd.
Citric Acid segment by Type
  • Powder Citric Acid
  • Liquid Citric Acid
Citric Acid segment by Application
  • Food and Beverages
  • Pharmaceuticals and Personal Care
  • Detergents and Cleansers
  • Others
Citric Acid Segment by Region
  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia
  • Latin America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Citric Acid market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Citric Acid and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Citric Acid.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter 2: 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 3: Detailed analysis of Citric Acid manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Sales, revenue of Citric Acid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.

Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.

Chapter 13: Concluding Insights of the report.
1 MARKET OVERVIEW

1.1 Product Definition
1.2 Global Market Growth Prospects
  1.2.1 Global Citric Acid Market Size Estimates and Forecasts (2019-2030)
  1.2.2 Global Citric Acid Sales Estimates and Forecasts (2019-2030)
1.3 Citric Acid Market by Type
  1.3.1 Powder Citric Acid
  1.3.2 Liquid Citric Acid
1.4 Global Citric Acid Market Size by Type
  1.4.1 Global Citric Acid Market Size Overview by Type (2019-2030)
  1.4.2 Global Citric Acid Historic Market Size Review by Type (2019-2024)
  1.4.3 Global Citric Acid Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
  1.5.1 North America Citric Acid Sales Breakdown by Type (2019-2024)
  1.5.2 Europe Citric Acid Sales Breakdown by Type (2019-2024)
  1.5.3 Asia-Pacific Citric Acid Sales Breakdown by Type (2019-2024)
  1.5.4 Latin America Citric Acid Sales Breakdown by Type (2019-2024)
  1.5.5 Middle East and Africa Citric Acid Sales Breakdown by Type (2019-2024)

2 GLOBAL MARKET DYNAMICS

2.1 Citric Acid Industry Trends
2.2 Citric Acid Industry Drivers
2.3 Citric Acid Industry Opportunities and Challenges
2.4 Citric Acid Industry Restraints

3 MARKET COMPETITIVE LANDSCAPE BY COMPANY

3.1 Global Top Players by Citric Acid Revenue (2019-2024)
3.2 Global Top Players by Citric Acid Sales (2019-2024)
3.3 Global Top Players by Citric Acid Price (2019-2024)
3.4 Global Citric Acid Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Citric Acid Key Company Manufacturing Sites & Headquarters
3.6 Global Citric Acid Company, Product Type & Application
3.7 Global Citric Acid Company Commercialization Time
3.8 Market Competitive Analysis
  3.8.1 Global Citric Acid Market CR5 and HHI
  3.8.2 Global Top 5 and 10 Citric Acid Players Market Share by Revenue in 2023
  3.8.3 2023 Citric Acid Tier 1, Tier 2, and Tier

4 CITRIC ACID REGIONAL STATUS AND OUTLOOK

4.1 Global Citric Acid Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Citric Acid Historic Market Size by Region
  4.2.1 Global Citric Acid Sales in Volume by Region (2019-2024)
  4.2.2 Global Citric Acid Sales in Value by Region (2019-2024)
  4.2.3 Global Citric Acid Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Citric Acid Forecasted Market Size by Region
  4.3.1 Global Citric Acid Sales in Volume by Region (2025-2030)
  4.3.2 Global Citric Acid Sales in Value by Region (2025-2030)
  4.3.3 Global Citric Acid Sales (Volume & Value), Price and Gross Margin (2025-2030)

5 CITRIC ACID BY APPLICATION

5.1 Citric Acid Market by Application
  5.1.1 Food and Beverages
  5.1.2 Pharmaceuticals and Personal Care
  5.1.3 Detergents and Cleansers
  5.1.4 Others
5.2 Global Citric Acid Market Size by Application
  5.2.1 Global Citric Acid Market Size Overview by Application (2019-2030)
  5.2.2 Global Citric Acid Historic Market Size Review by Application (2019-2024)
  5.2.3 Global Citric Acid Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
  5.3.1 North America Citric Acid Sales Breakdown by Application (2019-2024)
  5.3.2 Europe Citric Acid Sales Breakdown by Application (2019-2024)
  5.3.3 Asia-Pacific Citric Acid Sales Breakdown by Application (2019-2024)
  5.3.4 Latin America Citric Acid Sales Breakdown by Application (2019-2024)
  5.3.5 Middle East and Africa Citric Acid Sales Breakdown by Application (2019-2024)

6 COMPANY PROFILES

6.1 Weifang Ensign Industry Co., Ltd.
  6.1.1 Weifang Ensign Industry Co., Ltd. Comapny Information
  6.1.2 Weifang Ensign Industry Co., Ltd. Business Overview
  6.1.3 Weifang Ensign Industry Co., Ltd. Citric Acid Sales, Revenue and Gross Margin (2019-2024)
  6.1.4 Weifang Ensign Industry Co., Ltd. Citric Acid Product Portfolio
  6.1.5 Weifang Ensign Industry Co., Ltd. Recent Developments
6.2 TTCA Co., Ltd
  6.2.1 TTCA Co., Ltd Comapny Information
  6.2.2 TTCA Co., Ltd Business Overview
  6.2.3 TTCA Co., Ltd Citric Acid Sales, Revenue and Gross Margin (2019-2024)
  6.2.4 TTCA Co., Ltd Citric Acid Product Portfolio
  6.2.5 TTCA Co., Ltd Recent Developments
6.3 RZBC Group Co. Ltd.
  6.3.1 RZBC Group Co. Ltd. Comapny Information
  6.3.2 RZBC Group Co. Ltd. Business Overview
  6.3.3 RZBC Group Co. Ltd. Citric Acid Sales, Revenue and Gross Margin (2019-2024)
  6.3.4 RZBC Group Co. Ltd. Citric Acid Product Portfolio
  6.3.5 RZBC Group Co. Ltd. Recent Developments
6.4 Cofco Biochemical (Anhui) Co., Ltd.
  6.4.1 Cofco Biochemical (Anhui) Co., Ltd. Comapny Information
  6.4.2 Cofco Biochemical (Anhui) Co., Ltd. Business Overview
  6.4.3 Cofco Biochemical (Anhui) Co., Ltd. Citric Acid Sales, Revenue and Gross Margin (2019-2024)
  6.4.4 Cofco Biochemical (Anhui) Co., Ltd. Citric Acid Product Portfolio
  6.4.5 Cofco Biochemical (Anhui) Co., Ltd. Recent Developments
6.5 Jungbunzlauer Suisse AG
  6.5.1 Jungbunzlauer Suisse AG Comapny Information
  6.5.2 Jungbunzlauer Suisse AG Business Overview
  6.5.3 Jungbunzlauer Suisse AG Citric Acid Sales, Revenue and Gross Margin (2019-2024)
  6.5.4 Jungbunzlauer Suisse AG Citric Acid Product Portfolio
  6.5.5 Jungbunzlauer Suisse AG Recent Developments
6.6 Tate & Lyle
  6.6.1 Tate & Lyle Comapny Information
  6.6.2 Tate & Lyle Business Overview
  6.6.3 Tate & Lyle Citric Acid Sales, Revenue and Gross Margin (2019-2024)
  6.6.4 Tate & Lyle Citric Acid Product Portfolio
  6.6.5 Tate & Lyle Recent Developments
6.7 S.A. Citrique Belge N.V.
  6.7.1 S.A. Citrique Belge N.V. Comapny Information
  6.7.2 S.A. Citrique Belge N.V. Business Overview
  6.7.3 S.A. Citrique Belge N.V. Citric Acid Sales, Revenue and Gross Margin (2019-2024)
  6.7.4 S.A. Citrique Belge N.V. Citric Acid Product Portfolio
  6.7.5 S.A. Citrique Belge N.V. Recent Developments
6.8 Archer Daniels Midland Company
  6.8.1 Archer Daniels Midland Company Comapny Information
  6.8.2 Archer Daniels Midland Company Business Overview
  6.8.3 Archer Daniels Midland Company Citric Acid Sales, Revenue and Gross Margin (2019-2024)
  6.8.4 Archer Daniels Midland Company Citric Acid Product Portfolio
  6.8.5 Archer Daniels Midland Company Recent Developments
6.9 Cargill Incorporated
  6.9.1 Cargill Incorporated Comapny Information
  6.9.2 Cargill Incorporated Business Overview
  6.9.3 Cargill Incorporated Citric Acid Sales, Revenue and Gross Margin (2019-2024)
  6.9.4 Cargill Incorporated Citric Acid Product Portfolio
  6.9.5 Cargill Incorporated Recent Developments
6.10 Shandong Juxian Hongde Citric Acid Company Ltd
  6.10.1 Shandong Juxian Hongde Citric Acid Company Ltd Comapny Information
  6.10.2 Shandong Juxian Hongde Citric Acid Company Ltd Business Overview
  6.10.3 Shandong Juxian Hongde Citric Acid Company Ltd Citric Acid Sales, Revenue and Gross Margin (2019-2024)
  6.10.4 Shandong Juxian Hongde Citric Acid Company Ltd Citric Acid Product Portfolio
  6.10.5 Shandong Juxian Hongde Citric Acid Company Ltd Recent Developments
6.11 Huangshi Xinghua Biochemical Co.Ltd
  6.11.1 Huangshi Xinghua Biochemical Co.Ltd Comapny Information
  6.11.2 Huangshi Xinghua Biochemical Co.Ltd Business Overview
  6.11.3 Huangshi Xinghua Biochemical Co.Ltd Citric Acid Sales, Revenue and Gross Margin (2019-2024)
  6.11.4 Huangshi Xinghua Biochemical Co.Ltd Citric Acid Product Portfolio
  6.11.5 Huangshi Xinghua Biochemical Co.Ltd Recent Developments
6.12 Gadot Biochemical Industries Ltd.
  6.12.1 Gadot Biochemical Industries Ltd. Comapny Information
  6.12.2 Gadot Biochemical Industries Ltd. Business Overview
  6.12.3 Gadot Biochemical Industries Ltd. Citric Acid Sales, Revenue and Gross Margin (2019-2024)
  6.12.4 Gadot Biochemical Industries Ltd. Citric Acid Product Portfolio
  6.12.5 Gadot Biochemical Industries Ltd. Recent Developments

7 NORTH AMERICA BY COUNTRY

7.1 North America Citric Acid Sales by Country
  7.1.1 North America Citric Acid Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  7.1.2 North America Citric Acid Sales by Country (2019-2024)
  7.1.3 North America Citric Acid Sales Forecast by Country (2025-2030)
7.2 North America Citric Acid Market Size by Country
  7.2.1 North America Citric Acid Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  7.2.2 North America Citric Acid Market Size by Country (2019-2024)
  7.2.3 North America Citric Acid Market Size Forecast by Country (2025-2030)

8 EUROPE BY COUNTRY

8.1 Europe Citric Acid Sales by Country
  8.1.1 Europe Citric Acid Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  8.1.2 Europe Citric Acid Sales by Country (2019-2024)
  8.1.3 Europe Citric Acid Sales Forecast by Country (2025-2030)
8.2 Europe Citric Acid Market Size by Country
  8.2.1 Europe Citric Acid Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  8.2.2 Europe Citric Acid Market Size by Country (2019-2024)
  8.2.3 Europe Citric Acid Market Size Forecast by Country (2025-2030)

9 ASIA-PACIFIC BY COUNTRY

9.1 Asia-Pacific Citric Acid Sales by Country
  9.1.1 Asia-Pacific Citric Acid Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  9.1.2 Asia-Pacific Citric Acid Sales by Country (2019-2024)
  9.1.3 Asia-Pacific Citric Acid Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Citric Acid Market Size by Country
  9.2.1 Asia-Pacific Citric Acid Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  9.2.2 Asia-Pacific Citric Acid Market Size by Country (2019-2024)
  9.2.3 Asia-Pacific Citric Acid Market Size Forecast by Country (2025-2030)

10 LATIN AMERICA BY COUNTRY

10.1 Latin America Citric Acid Sales by Country
  10.1.1 Latin America Citric Acid Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  10.1.2 Latin America Citric Acid Sales by Country (2019-2024)
  10.1.3 Latin America Citric Acid Sales Forecast by Country (2025-2030)
10.2 Latin America Citric Acid Market Size by Country
  10.2.1 Latin America Citric Acid Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  10.2.2 Latin America Citric Acid Market Size by Country (2019-2024)
  10.2.3 Latin America Citric Acid Market Size Forecast by Country (2025-2030)

11 MIDDLE EAST AND AFRICA BY COUNTRY

11.1 Middle East and Africa Citric Acid Sales by Country
  11.1.1 Middle East and Africa Citric Acid Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  11.1.2 Middle East and Africa Citric Acid Sales by Country (2019-2024)
  11.1.3 Middle East and Africa Citric Acid Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Citric Acid Market Size by Country
  11.2.1 Middle East and Africa Citric Acid Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
  11.2.2 Middle East and Africa Citric Acid Market Size by Country (2019-2024)
  11.2.3 Middle East and Africa Citric Acid Market Size Forecast by Country (2025-2030)

12 VALUE CHAIN AND SALES CHANNELS ANALYSIS

12.1 Citric Acid Value Chain Analysis
  12.1.1 Citric Acid Key Raw Materials
  12.1.2 Key Raw Materials Price
  12.1.3 Raw Materials Key Suppliers
  12.1.4 Manufacturing Cost Structure
  12.1.5 Citric Acid Production Mode & Process
12.2 Citric Acid Sales Channels Analysis
  12.2.1 Direct Comparison with Distribution Share
  12.2.2 Citric Acid Distributors
  12.2.3 Citric Acid Customers

13 CONCLUDING INSIGHTS

14 APPENDIX

14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
  14.5.1 Secondary Sources
  14.5.2 Primary Sources
14.6 Disclaimer


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