Global Citric Acid Market Report, History and Forecast 2016-2027, Breakdown Data by Manufacturers, Key Regions, Types and Application
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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.
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.
Market Analysis and Insights: Global Citric Acid Market
In 2020, the global Citric Acid market size was US$ 1760 million and it is expected to reach US$ 1909.9 million by the end of 2027, with a CAGR of 1.2% between 2021 and 2027
Global Citric Acid Scope and Market Size
The global Citric Acid market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Citric Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
Segment by Type
Powder Citric Acid
Liquid Citric Acid
Segment by Application
Food and Beverages
Pharmaceuticals and Personal Care
Detergents and Cleansers
Others
By Company
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.
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
It is used widely as an acidifier, as a flavoring and chelating agent.
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.
Market Analysis and Insights: Global Citric Acid Market
In 2020, the global Citric Acid market size was US$ 1760 million and it is expected to reach US$ 1909.9 million by the end of 2027, with a CAGR of 1.2% between 2021 and 2027
Global Citric Acid Scope and Market Size
The global Citric Acid market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Citric Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
Segment by Type
Powder Citric Acid
Liquid Citric Acid
Segment by Application
Food and Beverages
Pharmaceuticals and Personal Care
Detergents and Cleansers
Others
By Company
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.
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Details
QYR-18801164
26-Jul-2021
129
26-Jul-2021
129
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