Citric Acid Market Size, Share, Growth, Analysis, Industry, Report & Forecast 2019-2024

Citric acid is a natural and weak organic acid with the chemical formula, C6H8O7. It is commonly found in citrus fruits like lemons, lime, oranges, grapefruits, etc. It is a popular food additive and harmless preservative that helps in stabilizing and preserving food products.

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Competitive Landscape & Supplier Analysis

1. Weifang Ying Xuan. 2. Lemon Biochemical. 3. COFCO Biochemical. 4. Luxin Jinhe. 5. Jungbunzlauer. 6. Yixing Federation. 7. Tate and Lyle. (OTCMKTS: TATYF) 8. Cargill. 9. Citrique Belge Tienen. 10. Archer Daniels Midland (NYSE: ADM)

Citric acid is widely used in beverages as an organic acidulant, for controlling the growth of organism, adjusting pH and enhancing flavours. It is also used in bathroom cleaners and detergents as it chelates with metals in hard water, producing foam which helps in removing stains without the need of softening the water. Owing to its safe and non-toxic nature, pleasant acid taste, high water solubility, chelating and buffering properties, citric acid is also used in pharmaceuticals including cosmetics. According to a new report by Expert Market Research, the global citric acid market reached a volume of 2.5 Million Tons in 2018 and is further expected to reach 3.0 Million Tons by 2024.

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The production of citric acid witnessed a steady growth during 2014-2018. Rising demand for organic additives in the food as well as the pharmaceutical sectors couple with changing consumer preference for convenient and safe food products are driving the market of citric acid. Prohibition on the use of phosphate by environmental regulatory authorities and its replacement by citric acid has also added to the market growth. Some other factors stimulating the market are population growth, increasing disposable income and improving living standards

Chapter 1 Preface 1.1 Research Methodology and Market Definitions 1.2 Introduction 1.3 Report Summary Chapter 2 Global Citric Acid Market: Industry Overview 2.1 Key Factors Driving the Citric Acid Industry 2.2 Market Trends 2.3 Market Breakup by Region 2.3.1 Europe 2.3.2 North America 2.3.3 Asia Pacific 2.3.4 Middle East 2.3.5 Others 2.4 Market Breakup by End Use Industry 2.4.1 Food and Beverages 2.4.2 Household Detergents and Cleaners 2.4.3 Pharmaceuticals 2.4.4 Others 2.5 Value Chain Analysis 2.6 Imports and Exports 2.7 Market Outlook Chapter 3 Porters Five Forces Analysis 3.1 Bargaining Power of Suppliers 3.2 Bargaining Power of Buyers 3.3 Threat of New Entrants 3.4 Threat of Substitutes 3.5 Degree of Competition Chapter 4 Setting Up a Citric Acid Manufacturing Plant 4.1 Key Success and Risk Factors for Manufacturing Citric Acid 4.2 Products Manufactured: Introduction and Specification 4.3 Manufacturing Process Involved 4.4 Process Flow 4.5 Raw Material Requirements and Expenditures Chapter 5 Capital Investment 5.1 Land Requirements and Investment 5.2 Construction Requirements and Investment 5.3 Machinery Requirements and Investment 5.4 Other Capital Requirements and Investment Chapter 6 Operating Expenditures 6.1 Raw Material Requirements and Expenditures 6.2 Packaging Requirements and Costs 6.3 Labour Requirements and Costs 6.4 Transportation Requirements and Costs 6.5 Utility Requirements and Costs 6.6 Financial Support Chapter 7 Project Economics 7.1 Techno-Economic Parameters 7.2 Product Pricing and Margins 7.3 Income Projections 7.4 Expenditure Projections 7.5 Taxation 7.6 Depreciation 7.7 Financial Analysis

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