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Citric Acid Market Information by Grades, Forms and Applications- Global Forecast Till 2022

Published On: February 2017

Citric Acid Market Insighst


Citric acid is a tricarboxylic acid with molecular formula C6H8O7 and has CAS (Chemical Abstracts Services) number 77-92-9. Citric acid chemical structure consists of three carboxyl functional groups (-COOH) with attached hydroxy-propane. Citric acid is a natural acidulant found in fruits, microbes, animal tissues and plants. Commercially, it is produced by microbial fermentation of carbohydrate substrate and is available in anhydrous as well as monohydrate forms.Major applications of citric acid are in food & beverages, pharmaceuticals, detergents and others. Among all these applications, food & beverage is estimated to be a most prominent application accounting for more than two third of the overall consumption. It is used as a flavor enhancer, preservative and acidulant in the food & beverage industry. Moreover, the chelating ability and nontoxic properties of citric acid stimulates its use in industries such as textile, pulp & paper and construction industry. Furthermore, it is also used in the pharmaceutical industry for soluble aspirin preparation. The global citric acid market is estimated to witness single digit moderate growth rate in the near future.


Citric Acid: Market DynamicsThe global citric acid market is estimated to be driven by factors such as the growing food & beverage industry, increasing consumption in the pharmaceutical industry, and growing demand in various industries as a cleaning and chelating agent. Citric acid is preferred over other food additives owing to its organic nature. The growing consumption in the food & beverage industry is anticipated to be gain traction owing to increasing food safety regulations by governments across the globe. For instance, U.S. food & drug administration restricts the use of certain synthetic food preservatives owing to their toxic properties which consequently results in increasing demand of citric acid as a suitable alternative. Being a suitable alternative for such synthetic alternative, the global demand of citric acid as food additive is projected to spur over the forecast period. Additionally, increasing consumption of soft drinks will drive the demand as a sweetener in the global market.Moreover, its growing use in detergents owing to the increasing restrictions on phosphates due to their ill effect on environment is projected to be the major driving factor for this market. Phosphates which are used in detergents have recently been categorized as an environmental toxic substance. In 2013, The Council of European Union had set a limit of 0.5 grams of phosphorus to be used in every washing cycle of consumer laundry detergents. Consequently, the demand for citric acid in detergents application is estimated to increase. Use of phosphates in detergents is estimated to be partially replaced by citric acid which will further drive the growth of this market. Consequently, all these will result in the steady growth of the same in the future.However, excess consumption of citric acid causes vomiting, diarrhea, stomach cramps and others health problem consequently which results in a lower demand of citric acid. The same can cause lower demand due to growing health issues. Citrus drinks contain artificial sweeteners that enhance flavor also leads to obesity. Awareness among consumer regarding low calorie beverages that do not contain artificial sweeteners is restraining the growth of this market.


Citric Acid: Market segmentationFor the purpose of this study, Market Research Future has segmented the global citric acid market into grades, forms and applications.By Grades:Food GradePharmaceutical gradeOthersBy forms:LiquidPowderBy Application:Food & BeveragesCleaning & Chelating agentCosmetics & Personal carePharmaceuticalsOthers


Citric Acid: Regional AnalysisAs per Market Research Future analysis, the global citric acid market has grown tremendously in Asia-Pacific, Eastern Europe and Japan. Geographically, China dominates the market of citric acid followed by USA and Japan and it is expected to remain the largest producer and exporter of citric acid till 2022. . Further, production facility is expected to remain stable as many Chinese manufacturers are having production outside the country, in part of safeguard the entree of feedstock. These manufacturers are looking more into investments and expansions to tap the potential and local emerging markets. Developing regions like China, Japan, India and Thailand have encouraged the consumption of packaged food which has safe ingredients. These regions are generating a bigger markets for citric acid due to the growing uses of processed food, growth in disposal income and availability of raw material.Rising consumption of beverages in developed regions like North America and Europe has further driven the market of citric acid. Use of cosmetics and personal care products are growing greatly in Europe and USA. These are considered to be an opportunity for key players to open new manufacturing operations across global.


Citric Acid: Trade AnalysisOwing to increasing location of suppliers and increasing market penetration across the globe, the global citric market trade has been increasing and is projected to further increase in future. Among all the regions, Asia Pacific is estimated to be the leading exporter followed by North America and Europe. In 2015, China accounted for 58% of the overall export and is estimated to retain its dominance through the forecast period. Moreover, Germany, U.S. and India are estimated to be the prominent importers in the global market in 2015.


 



Source: UNComtrade Database


Citric Acid: Prominent Market PlayersVarious key players present in the global citric acid market includes Archer-Daniels-Midland Company, COFCO Biochemical (AnHui) Co. Ltd., Cargill, Incorporated, Jungbunzlauer Suisse AG, RZBC Group Co. Ltd., Tate & Lyle PLC, Huangshi Xinghua Biochemical Co. Ltd, Weifang Ensign Industry Co., Ltd., Gadot Biochemical Industries Limited, S.A. Citrique Belge N.V and others.Market Research Future introduces about the global citric acid market for the period 2014-2022 mainly includes growth drivers, trends, restrains and how the market will grow in the future across the globe. In this report, Market Research Future has focused on the current market scenario which includes market segmentation, market dynamics and competitive landscape along with company profiles.The reports also covers brief analysis of geographical region including:


AmericasNorth AmericaUSCanadaLatin America


EuropeWestern EuropeGermanyFranceItalySpainU.KRest of Western EuropeEastern Europe


Asia– PacificAsiaChinaIndiaJapanSouth KoreaRest of AsiaThe Middle East& Africa


Market intelligence process at Market Research Future (MRFR) comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report of market research future will give the clear picture of historical, current and future market scenario which includes market size in terms of value and volume, technological advancement, macro economical and governing factors of the market and their segments. Information in the report provides details of market and can help and organization enhance their activity in the industry. To book your copy of report please reach us out sales@marketresearchfuture.com.

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