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CITRIC ACID
EDITION NUMBER: 9 PUBLISHED: JUNE 2019
 Citric Acid

GLOBAL CITRIC ACID MARKET TO 2025

Global Citric Acid Market Outlook and Growth Frequency, Time Period
Opportunities to 2025: By Form (Liquid Form and Solid Form), - Base year Data for 2018
By Function (Preservative, Emulsifying Agent, Acidulant, - Five Year Annual Forecast, 2019-
2025
Antioxidant, Binding Agent, and Others) By Application (Food & - Updated on Annual Basis
Beverages, Healthcare, Pharmaceutical and Others), and By
Region
Metrics
The 9th edition of Citric Acid market report focuses on Critical factors for
success, market size and forecast growth rates, industry structure and - Revenues ($)
dynamics, key companies, products and functions and trends and strategic - Prices
- Volumes
issues.
This report assists chemical professionals to:
Availability
 Assess market-by-market conditions, competition and outlook
 Forecast demand and prioritize your marketing efforts - Annual Subscription
 Analyze the strategies of leading players and their product profile - single report purchase
 Stay ahead of competition through detailed company analysis
 Identify the critical success factors for sustainable profitability

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 Citric Acid

Market Scope and Definition

FORM FUNCTION APPLICATION

Liquid Preservative Food & Beverages
Powder Emulsifying agent Health Care
Acidulant Pharmaceutical
Antioxidant Others
Binding Agent
Others

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 Citric Acid

COMPANIES

Archer Daniels Midland Company

COFCO Biochemical (Anhui) Co., Ltd
Cargill, Incorporated.
Delek Group
Gadot Biochemical Industries Ltd
Huangshi Xinghua Biochemical Co., Ltd
Jungbunzlauer Suisse AG
Pfizer Inc.
RZBC Group Co., Ltd
S.A. Citrique Belge N.V.

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 Citric Acid

Market Overview

Global Citric Acid Market is poised to report 4.93%year-on-year growth in 2019. Increasing number of diabetic
patients across the world is driving the demand of citric acid as it is used for the production of diabetic baked
products, low fat dietary products and others. Moreover, factors such as urbanisation and globalisation that are
interlinked with growing industries, motels and hotels are driving the demand for global citric acid market.

Citric acid is a weak organic acid that is cost effective ingredient, therefore it is highly preferred by manufacturers of
end use industries in the production of their products. This high demand for citric acid is encouraging the major players
in the citric acid industry to fuel their investments.

Growth in industries such as food and beverages, pharmaceuticals, personal care, detergents & cleaners, and others
are expected to drive the global citric acid market. Disproportionate amount of citric acid consumption leads to side
effects, which restrains the global citric acid market growth.

Based on form, the powder form of citric acid is dominating the global citric acid market

Powder form accounts for the market share of about 63.3% as it replaces the usage of vinegar or lemon juice in
culinary applications. It is employed as chelating agent to eliminate the formation of limescale in evaporators and
boilers. Furthermore, it is used to increase the effectiveness of soaps and laundry detergents in water.

Liquid form accounts for remaining market share and is used in wide range of food and dairy products applications,
which have beneficial properties such as texture modification, acidifying agents, and flavour enhancement. In oil

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 Citric Acid

industry, liquid form is used as chelating agent for maintaining the pH of acidizing fluids in order to reduce
precipitation of iron in oil.

Preservation is the major function of citric acid in food and beverages industry

The report analyses the global citric acid market based on function as preservative, emulsifying agent, acidulant,
antioxidant, binding agent, and other functions. Of these functions, citric acid is highly used in food & beverages
industry in order to preserve the food items for prolonged time owing to its sour nature.

Citric acid is also used as antioxidant and emulsifying agent in ice creams and other baked foods to avoid the fats
from separating. Accordingly, the demand for citric acid is growing year on year.

Food and beverages remains as the leading application segment

In terms of application, food and beverages segment is attributed to hold the major market share that accounts about
58% that is coupled with its extensive usage in creams and dietary supplements. Powder form of citric acid acts as
preservative and emulsifying agents, which find application in food and beverage industries.

Followed by healthcare sector, which owns second largest market share owing to usage of citric acid for neutralization
of the pH value in medicines as well as salt derivatives of minerals & metals. Along with these, citric acid is employed
in conjunction with sodium carbonate in effervescent formulae for the production of personal care, ingestion tablets
and powder products.

In addition to food & beverages and healthcare applications, the global citric acid market is segmented into
pharmaceutical and other industries.

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Citric Acid

Based on regional analysis, European citric acid market captures the largest market share

Demographically, Europe accounts for major market share in the global citric acid market, followed by North America
and Asia pacific regions.

Increasing awareness among consumers concerning the health benefits offered by citric acid for maintaining the
digestive health, which leads to robust growth of citric acid market in Europe. European people who are consuming
citric acid based yogurt to maintain digestive health has increased to a great extent in recent years.

In North America, most of the people are suffering from digestive system problems. Along with these, the increase in
food & beverages and pharmaceuticals industry are driving the citric acid market and have positive industry outlook.

In Asia Pacific region, the factors such as increasing geriatric population and cause of lifestyle diseases such as mental
health problems, cardiovascular diseases, and gut health related issues are evidenced the growth of citric acid market
in the region.

Further, regional analysis of global citric acid market is segmented for countries across South & Central America and
Middle East & Africa.

Key players participating in the global Citric acid market

Key players that are participating in Citric acid market globally are Archer Daniels Midland Company (US), COFCO
Biochemical (Anhui) Co., Ltd (China), Cargill, Incorporated. (US), Delek Group (Israel), Gadot Biochemical Industries
Ltd (Israel), Huangshi Xinghua Biochemical Co., Ltd (China), Jungbunzlauer Suisse AG (Switzerland), Pfizer Inc. (US),
RZBC Group Co., Ltd (China), and S.A. Citrique Belge N.V.(Belgium) among others.

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 Citric Acid

Scope of the Report

Long term perspective on the Citric Acid industry: 2018 (base year), 2019- 2025 (forecast period)

Citric Acid Market- Forecasts by Segments- Form, Function, and Application by geography.

 It provides the citric acid market outlook by 2 form types including liquid form and solid form.
 The report provides the citric acid market based on 6 function types including preservative, emulsifying agent,
acidulant, antioxidant, binding agent, and others.
 It provides the citric acid market based on 4 applications including food & beverages, healthcare,
pharmaceutical and others.
 Citric acid market across countries in 5 regions including Asia-Pacific, Europe, North America, South & Central
America and Middle East & Africa are covered.

Citric Acid Market- Strategic Analysis Review

 Key strategies opted by leading players

 Short to Long Term Industry Trends
 Porter’s Five Forces Analysis
 Supply side and Demand Side Drivers and Challenges

Citric Acid Market- Growth Opportunities

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Citric Acid
 Potential New Business Opportunities
 Key Areas of Focus in forecast period

Citric Acid Market- Competitive Scenario

 10 companies are analysed in the report including Archer Daniels Midland Company (US), COFCO Biochemical
(Anhui) Co., Ltd (China), Cargill, Incorporated. (US), Delek Group (Israel), Gadot Biochemical Industries Ltd
(Israel), Huangshi Xinghua Biochemical Co., Ltd (China), Jungbunzlauer Suisse AG (Switzerland), Pfizer Inc. (US),
RZBC Group Co., Ltd (China), and S.A. Citrique Belge N.V.(Belgium).
 Company Peer-to-Peer Comparison
 Company Profile and SWOT Analysis

Recent Citric Acid Market News and Deals

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Table of Contents
1. Table of Contents

1.1 List of Tables

1.2 List of Figures

2. Introduction to Global Citric Acid Market

2.1 Global Citric Acid Market Snapshot, 2018

2.2Citric Acid Industry Overview

2.3 Research Perspective

3. Global Citric Acid Market- Strategic Analysis

3.1 Short Term and Long Term Industry Trends Affecting Global Citric Acid Markets

3.2 Leading Citric Acid Types Targeted by Global Manufacturers

3.3 Key Consumption Patterns of Citric Acid

3.4 Potential Markets Vital for business Expansion

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Citric Acid
3.5 Five Forces Analysis

3.6 Drivers and Restraints

4. Global Citric Acid Market Outlook and Growth Opportunities by Form

4.1Liquid Form Citric Acid Market Outlook, 2019- 2025

4.2Powder Form Citric Acid Market Outlook, 2019- 2025

5. Global Citric Acid Market Outlook and Growth Opportunities by Function

5.1 Citric Acid Demand as Preservative, Market Outlook, 2019- 2025

5.2 Citric Acid Demand as Emulsifying agent, Market Outlook, 2019- 2025

5.3 Citric Acid Demand as Acidulant, Market Outlook, 2019- 2025

5.4 Citric Acid Demand as Antioxidant, Market Outlook, 2019- 2025

5.5 Citric Acid Demand as Binding Agent, Market Outlook, 2019- 2025

5.6 Citric Acid Demand as Other Functions, Market Outlook, 2019- 2025

6. Global Citric Acid Market Outlook and Growth Opportunities by Application

6.1 Citric Acid Demand in Food & Beverages, Market Outlook, 2019- 2025
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 Citric Acid

6.2 Citric Acid Demand in Health Care, Market Outlook, 2019- 2025

6.3 Citric Acid Demand in Pharmaceutical, Market Outlook, 2019- 2025

6.4Citric Acid Demand in Other Applications, Market Outlook, 2019- 2025

7. Asia Pacific Citric Acid Market Outlook and Growth Opportunities

7.1 Key Findings, 2018

7.2 Asia Pacific Citric Acid Market Outlook by Form, 2019- 2025

7.3 Asia Pacific Citric Acid Market Outlook by Function, 2019- 2025

7.4 Asia Pacific Citric Acid Market Outlook by Application, 2019- 2025

7.5 Asia Pacific Citric Acid Market Outlook by Country, 2019- 2025

8. Europe Citric Acid Market Outlook and Growth Opportunities

8.1 Key Findings, 2018

8.2 Europe Citric Acid Market Outlook by Form, 2019- 2025

8.3 Europe Citric Acid Market Outlook by Function, 2019- 2025

8.4 Europe Citric Acid Market Outlook by Application, 2019- 2025

8.5 Europe Citric Acid Market Outlook by Country, 2019- 2025

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Citric Acid

9. North America Citric Acid Market Outlook and Growth Opportunities

9.1 Key Findings, 2018

9.2 North America Citric Acid Market Outlook by Form, 2019- 2025

9.3 North America Citric Acid Market Outlook by Function, 2019- 2025

9.4 North America Citric Acid Market Outlook by Application, 2019- 2025

9.5 North America Citric Acid Market Outlook by Country, 2019- 2025

10. South & Central America Citric Acid Market Outlook and Growth Opportunities

10.1 Key Findings, 2018

10.2 South & Central America Citric Acid Market Outlook by Form, 2019- 2025
10.3South & Central America Citric Acid Market Outlook by Function, 2019- 2025

10.4South & Central America Citric Acid Market Outlook by Application, 2019- 2025

10.5South & Central America Citric Acid Market Outlook by Country, 2019- 2025

11. Middle East & Africa Citric Acid Market Outlook and Growth Opportunities

11.1 Key Findings, 2018

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 Citric Acid

11.2 Middle East & Africa Citric Acid Market Outlook by Form, 2019- 2025

11.3 Middle East & Africa Citric Acid Market Outlook by Function, 2019- 2025

11.4Middle East & Africa Citric Acid Market Outlook by Application, 2019- 2025

11.5 Middle East & Africa Citric Acid Market Outlook by Country, 2019- 2025

12. Competitive Landscape

12.1 Leading Players (Company Profile, SWOT Analysis, Citric Acid Products, Financial Analysis)

12.1.1 Archer Daniels Midland Company (US)

12.1.2 COFCO Biochemical (Anhui) Co., Ltd (China)

12.1.3 Cargill, Incorporated. (US)

12.1.4 Delek Group (Israel)

12.1.5 Gadot Biochemical Industries Ltd (Israel)

12.1.6 Huangshi Xinghua Biochemical Co., Ltd (China)

12.1.7 Jungbunzlauer Suisse AG (Switzerland)

12.1.8 Pfizer Inc. (US)

12.1.9 RZBC Group Co., Ltd (China)

12.1.10 S.A. Citrique Belge N.V.(Belgium)

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Citric Acid
12.2 Company Benchmarking

12.3 Financial Analysis

13. Recent News and Deals Landscape

13.1 Mergers and Acquisitions

13.2 New Product Launches

13.3 Asset Transactions

13.4 Financial Announcements

14 Appendix

14.1 OGAnalysis Expertise

14.2 Sources and Research Methodology

14.3 Contact Information

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 Citric Acid

Research Methodology
Over 1000 companies rely on OGAnalysis research for accurate data and analytics for business development. Accordingly, we
have developed a robust methodology that has been redefined again and again over the past 10 years to arrive at the best-in-
class methodology.

We understand the importance of research for your business!

Our strategic market intelligence is uniquely designed to transform data points into actionable insights for strategic planning and
business development. Our methodology includes series of iterative processes integrating qualitative and quantitative research
methods.

Scope and Report Design Phase

Our well experienced team of experts carefully designs the study scope, objectives and deliverables. Through clear understanding
of research needs of our clients, we design a clear scope for all the segments and sub-segments of the report. Strong knowledge on
emerging trends, client interactions, conferences and latest thinking assist us in formulating the most suitable design process.

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Citric Acid
Data Sourcing

OGAnalysis has a large pool of industrial partners across companies and business functions. Data is sourced through extensive
primary and secondary research methods. Through collaborative efforts, primary data is sourced from industry organizations,
leading companies, suppliers, traders and consumers to ensure a comprehensive industry perspective.

Strong primary research abilities set us apart from crowd

In-house Proprietary Databases

Our proprietary databases with over 10 million data points act as a strong historic source for all the information gathered during
Data Sourcing phase. A dedicated team of analysts work on a daily basis- crawling thousands of websites and primary calls to
constantly update the information in our databases.

Data Triangulation

The benefits of data triangulation include boosting data trustworthiness, identifying novel ways of understanding, generating new
insights and gain clear understanding of markets. Through use of historical trend analysis, bottom-up and top-down demand
modeling coupled with comparative analysis, we assess the diverse and quantitative data gathered through primary and secondary
research methods.

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 Citric Acid

Data Triangulation Can Provide Novel Insights

Forecast methodology

Forecasting is no more a simple quantitative modeling exercise. It is an iterative operating process where identifying the right things
to forecast is followed by gathering and improving the data to include real-world scenarios. Emphasis on scalability and
adaptability of the model in current market conditions with confidence remains the key for any forecast model. The forecasting
process concludes with adaptability in business model so as to constantly improve the entire process.

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 Citric Acid

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 Citric Acid
Plastic Additives Bio Plasticizers Ethylene Oxide Phosgene Shrink Film
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Synthetic Latex
Polymers Cellulose Ester High Density Polyethylene Polyester Polyols Triethylene Glycol

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Citric Acid
Cellulose Ether and Ultraviolet Curable
Transparent Plastics Derivatives Hydrazine Polyether Ether Ketone Resins
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UV Stabilizer Elastomers Ion Exchange Resins Polyethylene Glycol Polymers
Wood Plastic
Water Based Resin Chromatography Resin LDPE Polyethylene Resins Polyethylene Naphthalate Composite
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