Report overview
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.
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. This report contains market size and forecasts of Citric Acid in global, including the following market information:
Global Citric Acid Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Citric Acid Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Citric Acid companies in 2022 (%)
The global Citric Acid market was valued at US$ 1895.2 million in 2022 and is projected to reach US$ 2268.7 million by 2029, at a CAGR of 2.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of citric acid include Weifang Ensign Industry, TTCA, RZBC Group, Jiangsu Guoxin Union Energy, Cofco Biochemical, etc. The top five players hold a share about 49%. China is the largest producer, has a share about 63%, followed by Europe and North America, with share 12% and 10%, respectively. The largest market is Europe, with a share about 30%, followed by North America and China, with share 22% and 17%, separately.
We surveyed the Citric Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Citric Acid Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Citric Acid Market Segment Percentages, by Type, 2022 (%)
Citric Acid Monohydrate
Citric Acid Anhydrous
Global Citric Acid Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Citric Acid Market Segment Percentages, by Application, 2022 (%)
Food and Drinks
Pharmaceuticals and Personal Care
Detergents and Cleaners
Other
Global Citric Acid Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Citric Acid Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Citric Acid revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Citric Acid revenues share in global market, 2022 (%)
Key companies Citric Acid sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Citric Acid sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Weifang Ensign Industry
TTCA
RZBC Group
Jiangsu Guoxin Union Energy
Cofco Biochemical
Citrique Belge
Jungbunzlauer Suisse
ADM
Cargill
Laiwu Taihe Biochemistry
Tate & Lyle
Natural Biological Group
Gadot Biochemical Industries
Huangshi Xinghua Biochemical
Outline of Major Chapters:
Chapter 1: Introduces the definition of Citric Acid, market overview.
Chapter 2: Global Citric Acid market size in revenue and volume.
Chapter 3: Detailed analysis of Citric Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Citric Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: 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 8: Global Citric Acid capacity by region & country.
Chapter 9: 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
