Citric Acid Market Research Report - Forecast to 2023

Transcription

1 Report Information More information from: Citric Acid Market Research Report - Forecast to 2023 Report / Search Code: MRFR/CnM/1211-HCRR Publish Date: January, 2019 Request Sample Price 1-user PDF : $ Enterprise PDF : $ Description: Global Citric Acid Market: Information by Form (Powder, Liquid), Function (Acidulant, Antioxidant, Preservative, Emulsifying Agent), Application (Food and Beverages, Cosmetics and Personal Care, Pharmaceuticals), and Region Forecast till 2023 Market Synopsis Citric acid (C6H8O7) is a weak organic acid that occurs naturally in citrus fruits. It is produced commercially through the fermentation process and appears as a white, odorless, and crystalline powder at room temperature. It is widely used in the food and beverage industry as a preservative/sequestrant, acidulant, antioxidant, chelating agent, emulsifying agent, and flavoring agent in beverages, alcoholic beverages, dairy products such as processed cheese and ice cream, jams and jellies, meat and fish, ketchup, hummus, mayonnaise, and others. Citric acid also finds application in many different industries and products. It is used for medicinal purposes and cosmetics and personal care products such as body lotions, shampoos, bathing creams, soaps, and cleaning products. The rising demand for citric acid from the food and beverage industry as a food additive is set to remain the key driving factor for the growth of the global citric acid market during the forecast period. The significant demand for carbonated soft drinks and convenience and ready-to-eat products due to the growing urban population and changing consumer trends are contributing in a large way to the demand for citric acid in the food and beverage industry. Increasing industrial preferences for additives derived from natural sources over their synthetic counterparts are likely to contribute to product demand in the food and beverage, cosmetics, and pharmaceuticals industries. For instance, there is a growing demand for citric acid in the detergents and cleaners segment due to its non-toxic, non-corrosive, and biodegradable characteristics. The segment is expected to showcase substantial growth during the forecast period. The key players in the citric acid market are adopting various strategies such as expansions, product launches, and mergers and acquisitions. For instance, in December 2017, Jungbunzlauer Suisse AG announced the construction of new citric acid plant in Austria to meet growing demand. At the plant the company would use corn as a carbohydrate feedstock for the fermentation process based on natural, non-genetically modified microorganisms. The availability of substitutes such as tartaric acid and increasing raw materials prices due to intense competition from industrial peers may hamper the growth of the product market to some extent during the forecast period. Global Citric Acid Market Share in 2017, by Application

2 Source: MRFR Analysis Market Segmentation The global citric acid market has been segmented by form, function, application, and region. On the basis of the form, the global citric acid market has been segmented into powder and liquid. The powder segment has further been classified into anhydrous, monohydrate, dihydrate, and others. On the basis of function, the global citric acid market has been segmented into acidulant, antioxidant, preservative/sequestrant, chelating agent, emulsifying agent, buffering agent, flavoring agent, and others. On the basis of application, the global citric acid market has been segmented into food and beverage, cosmetics and personal care, pharmaceuticals, detergents and cleaners, and others. Regional Analysis The global citric acid market has been segmented into five regions Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa. The market in Asia-Pacific is expected to be the largest and fastest-growing citric acid market during the forecast period. The growing food industry, due to the increasing acceptance of ready-to-drink (carbonated) beverages and processed foods, is expected to drive the regional product market. China is one of the largest consumers and exporters of citric acid and held a substantial share of the global citric acid market as of Relaxed investment norms, low production cost, and the availability of cheap labor in China contributes to the growth of end-use industries such as cosmetics and personal care, pharmaceuticals, and home care, which will stimulate product demand during the forecast period. North America and Europe are also major markets for citric acid that are expected to continue growing during the forecast period. Significant demand from the established food and beverage, pharmaceuticals, and cosmetics and personal care industries in these regions are expected to result in market growth during the forecast period. The market in the Middle East and Africa is at a nascent stage; however, the growing food and beverage and cosmetics and personal care industries in Saudi Arabia, the UAE, and other GCC countries are likely to provide business opportunities to market players during the forecast period. The Latin American market holds the smallest market share and is expected to show sluggish growth during the forecast period due to poor economic growth in the region. Key Players The prominent manufacturers in the global citric acid market are Archer Daniels Midland Company (U.S.), Cargill, Incorporated (U.S.), Merck KGaA (Germany), Tate & Lyle (UK), COFCO Biochemical (Anhui) CO., LTD (China), Jungbunzlauer Suisse AG (Switzerland), HUANGSHI XINGHUA BIOCHEMICAL CO.LTD. (China), RZBC GROUP CO., LTD. (China), Weifang Ensign Industry Co., Ltd (China), Gadot Biochemicals Industries LTD. (Israel), S.A. Citrique Belge N.V. (Belgium), and Pfizer Inc. (U.S.). Intended Audience Citric acid manufacturers Traders and distributors of citric acid Research and development institutes Potential investors Raw material suppliers Nationalized laboratories Contents: Contents

3 TABLE OF CONTENTS 1 Executive Summary 2 Scope of the Report 2.1 Market Definition 2.2 Scope of the Study Research Objectives Assumptions & Limitations 2.3 Markets Structure 3 Market Research Methodology 3.1 Research Function 3.2 Secondary Research 3.3 Primary Research 3.4 Forecast Model 4 Market Landscape 4.1 Supply Chain Analysis Raw Material Suppliers Manufacturers/Producers Distributors/Retailers/Wholesalers/E-Commerce End- Users 4.2 Porter s Five Forces Analysis Threat of New Entrants Bargaining Power of Buyers Bargaining Power of Suppliers Threat of Substitutes Intensity of Competitive Rivalry 5 Market Dynamics of Global Citric Acid Market 5.1 Introduction 5.2 Drivers 5.3 Restraints 5.4 Opportunities 5.5 Challenges 5.6 Trends/Forms 6. Global Citric Acid Market, by Forms 6.1 Introduction 6.2 Powder Form Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Anhydrous Form Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Monohydrate Form Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Dihydrate Form Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Others Market Estimates & Forecast,

4 Market Estimates & Forecast byforecast, by Region, Liquid Form Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Global Citric Acid Market, by Function 7.1 Introduction 7.2 Acidulant Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Antioxidant Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Preservative/Sequestrant Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Chelating Agent Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Emulsifying Agent Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Buffering Agent Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Flavoring Agent Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Others Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Global Citric Acid Market, by Application 8.1 Introduction 8.2 Food & Beverages Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Cosmetics & Personal Care Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Pharmaceuticals Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Detergents & Cleaners Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Others Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Region, Global Citric Acid Market, by Region

5 9.1 Introduction 9.2 North America Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, U.S Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Canada Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Europe Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Germany Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, France Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Italy Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Spain Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, U.K Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Russia Market Estimates & Forecast,

6 Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Poland Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Rest of Europe Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Asia- Pacific Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, China Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, India Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Japan Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Australia & New Zealand Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Rest of Asia- Pacific Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Middle East & Africa Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application,

7 9.5.5 GCC Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Israel Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, North Africa Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Turkey Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Rest of the Middle East & Africa Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Latin America Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Brazil Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Mexico Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Argentina Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms, Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Rest of Latin America Market Estimates & Forecast, Market Estimates & Forecast byforecast, by Forms,

8 Market Estimates & Forecast byforecast, by Function, Market Estimates & Forecast byforecast, by Application, Company Landscape 10.1 Introduction 10.2 Market Strategy 10.3 Key Development Analysis (Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments) 11. Company Profiles 11.1 Archer Daniels Midland Company Company Overview Financial Updates Product/Business Segment Overview Strategy Key Developments SWOT Analysis 11.2 Cargill, Incorporated Company Overview Financial Updates Product/Business Segment Overview Strategy Key Developments SWOT Analysis 11.3 Merck KGaA Company Overview Financial Updates Product/Business Segment Overview Strategy Key Developments SWOT Analysis 11.4 Tate & Lyle Company Overview Financial Updates Product/Business Segment Overview Strategy Key Developments SWOT Analysis 11.5 COFCO Biochemical(anhui) CO., LTD Company Overview Financial Updates Product/Business Segment Overview Strategy Key Developments SWOT Analysis 11.6 Jungbunzlauer Suisse AG Company Overview Financial Updates Product/Business Segment Overview Strategy

9 Key Developments SWOT Analysis 11.7 HUANGSHI XINGHUA BIOCHEMICAL CO.LTD Company Overview Financial Updates Product/Business Segment Overview Strategy Key Developments SWOT Analysis 11.8 RZBC GROUP CO., LTD Company Overview Financial Updates Product/Business Segment Overview Strategy Key Developments SWOT Analysis 11.9 Weifang Ensign Industry Co., Ltd Company Overview Financial Updates Product/Business Segment Overview Strategy Key Developments SWOT Analysis Gadot Biochemicals Industries LTD Company Overview Financial Updates Product/Business Segment Overview Strategy Key Developments SWOT Analysis S.A. Citrique Belge N.V Company Overview Financial Updates Product/Business Segment Overview Strategy Key Developments SWOT Analysis Pfizer Inc Company Overview Financial Updates Product/Business Segment Overview Strategy Key Developments SWOT Analysis 12. Conclusion LIST OF TABLES Table 1 Global Citric Acid Market,: Bby Region,

10 Table 2 North America: Citric Acid Market, by : By Country, Table 3 Europe: Citric Acid Market, by : By Country, Table 4 Asia-Pacific: Citric Acid Market, by : By Country, Table 5 Middle East & Africa: Citric Acid Market, by : By Country, Table 6 Latin America: Citric Acid Market, by : By Country, Table 7 Global Citric Acid Forms Market, by : By Regions, Table 8 North America: Citric Acid Forms Market, by : By Country, Table 9 Europe: Citric Acid Forms Market, by : By Country, Table10 Asia-Pacific: Citric Acid Forms Market, by : By Country, Table11 Middle East & Africa: Citric Acid Forms Market, by : By Country, Table12 Latin America: Citric Acid Forms Market, by : By Country, Table13 Global Citric Acid Function Market, by : By Regions, Table14 North America: Citric Acid by Function Market, by : By Country, Table15 Europe: Citric Acid Function Market, by : By Country, Table16 Asia-Pacific: Citric Acid Function Market, by : By Country, Table17 Middle East & Africa: Citric Acid Function Market, by : By Country, Table18 Latin America: Citric Acid Function Market, by : By Country, Table19 Global Citric Acid Application Market, by : By Regions, Table20 North America: Citric Acid Application Market, by : By Country, Table21 Europe: Citric Acid Application Market, by : By Country, Table22 Asia-Pacific: Citric Acid Application Market, by : By Country, Table23 Middle East & Africa: Citric Acid Application Market, by : By Country, Table24 Latin America: Citric Acid Application Market, by : By Country, Table25 Global Forms Market, by : By Region, Table26 Global Function Market, by : By Region, Table27 Global Application Market, by : By Region, Table28 North America: Citric Acid Market, Bby Country Table29 North America: Citric Acid Market, Bby Forms Table30 North America: Citric Acid Market, bby Function Table31 North America: Citric Acid Market, bby Application Table32 Europe: Citric Acid Market, bby Country Table33 Europe: Citric Acid Market, bby Forms Table34 Europe: Citric Acid Market, bby Function Table35 Europe: Citric Acid Market, bby Application Table36 Asia-Pacific: Citric Acid Market, bby Country Table37 Asia-Pacific: Citric Acid Market, bby Forms Table38 Asia-Pacific: Citric Acid Market, bby Function Table39 Asia-Pacific: Citric Acid Market, bby Application Table40 Middle East & Africa: Citric Acid Market, bby Country Table41 Middle East & Africa Citric Acid Market, bby Forms Table42 Middle East & Africa Citric Acid Market, bby Function Table43 Middle East & Africa: Citric Acid Market, bby Application Table44 Latin America: Citric Acid Market, bby Country Table45 Latin America Citric Acid Market, bby Forms Table46 Latin America Citric Acid Market, bby Function Table47 Latin America: Citric Acid Market, bby Application LIST OF FIGURES FIGURE 1 Global Citric Acid Market Segmentation

11 FIGURE 2 Forecast Research Methodology FIGURE 3 Five Forces Analysis of Global Citric Acid Market FIGURE 4 Value Chain of Global Citric Acid Market FIGURE 5 Share of Global Citric Acid Market in 2018, by Country (in %) FIGURE 6 Global Citric Acid Market, , FIGURE 7 Global Citric Acid Market Size by Forms, 2018 FIGURE 8 Share of Global Citric Acid Market, by Forms, 2018 to 2023 FIGURE 9 Global Citric Acid Market Size, by Function, 2018 FIGURE 10 Share of Global Citric Acid Market, by Function, 2018 to 2023 FIGURE 11 Global Citric Acid Market Size, by Application, 2018 FIGURE 12 Share of Global Citric Acid Market, by Application, 2018 to 2023 marketresearchfuture.com / Phone (US) (UK)