OGA_Chemical Series_Citric Acid Market Outlook 2019-2025

1. OGA Chemical Outlook Series Economic Analysis on 500+ chemicals CITRIC ACID EDITION NUMBER: 9 PUBLISHED: JUNE 2019

2. Citric Acid GLOBAL CITRIC ACID MARKET TO 2025 Frequency, Time Period Global Opportunities to 2025: By Form (Liquid Form and Solid Form), By Function (Preservative, Emulsifying Agent, Acidulant, Antioxidant, Binding Agent, and Others) By Application (Food & Beverages, Healthcare, Pharmaceutical and Others), and By Region Citric Acid Market Outlook and Growth -Base year Data for 2018 -Five Year Annual Forecast, 2019- 2025 -Updated on Annual Basis Metrics The 9th edition of Citric Acid market report focuses on Critical factors for success, market size and forecast growth rates, industry structure and dynamics, key companies, products and functions and trends and strategic issues. -Revenues ($) -Prices -Volumes This report assists chemical professionals to: Availability Assess market-by-market conditions, competition and outlook Forecast demand and prioritize your marketing efforts Analyze the strategies of leading players and their product profile Stay ahead of competition through detailed company analysis Identify the critical success factors for sustainable profitability -Annual Subscription -single report purchase Copyright @OGAnalysis

3. Citric Acid Market Scope and Definition FORM FUNCTION APPLICATION Liquid Preservative Food & Beverages Emulsifying agent Health Care Powder Acidulant Pharmaceutical Antioxidant Others Binding Agent Others No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent from OGAnalysis (www.oganalysis.com) Page 2

4. Citric Acid COMPANIES Archer Daniels Midland Company COFCO Biochemical (Anhui) Co., Ltd Cargill, Incorporated. Delek Group Gadot Biochemical Industries Ltd Huangshi Xinghua Biochemical Co., Ltd Jungbunzlauer Suisse AG Pfizer Inc. RZBC Group Co., Ltd S.A. Citrique Belge N.V. Copyright @OGAnalysis

5. Citric Acid Market Overview Global Citric Acid Market is poised to report 4.93%year-on-year growth in 2019. Increasing number of diabetic patients across the world is driving the demand of citric acid as it is used for the production of diabetic baked products, low fat dietary products and others. Moreover, factors such as urbanisation and globalisation that are interlinked with growing industries, motels and hotels are driving the demand for global citric acid market. Citric acid is a weak organic acid that is cost effective ingredient, therefore it is highly preferred by manufacturers of end use industries in the production of their products. This high demand for citric acid is encouraging the major players in the citric acid industry to fuel their investments. Growth in industries such as food and beverages, pharmaceuticals, personal care, detergents & cleaners, and others are expected to drive the global citric acid market. Disproportionate amount of citric acid consumption leads to side effects, which restrains the global citric acid market growth. Based on form, the powder form of citric acid is dominating the global citric acid market Powder form accounts for the market share of about 63.3% as it replaces the usage of vinegar or lemon juice in culinary applications. It is employed as chelating agent to eliminate the formation of limescale in evaporators and boilers. Furthermore, it is used to increase the effectiveness of soaps and laundry detergents in water. Liquid form accounts for remaining market share and is used in wide range of food and dairy products applications, which have beneficial properties such as texture modification, acidifying agents, and flavour enhancement. In oil No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent from OGAnalysis (www.oganalysis.com) Page 4

6. Citric Acid industry, liquid form is used as chelating agent for maintaining the pH of acidizing fluids in order to reduce precipitation of iron in oil. Preservation is the major function of citric acid in food and beverages industry The report analyses the global citric acid market based on function as preservative, emulsifying agent, acidulant, antioxidant, binding agent, and other functions. Of these functions, citric acid is highly used in food & beverages industry in order to preserve the food items for prolonged time owing to its sour nature. Citric acid is also used as antioxidant and emulsifying agent in ice creams and other baked foods to avoid the fats from separating. Accordingly, the demand for citric acid is growing year on year. Food and beverages remains as the leading application segment In terms of application, food and beverages segment is attributed to hold the major market share that accounts about 58% that is coupled with its extensive usage in creams and dietary supplements. Powder form of citric acid acts as preservative and emulsifying agents, which find application in food and beverage industries. Followed by healthcare sector, which owns second largest market share owing to usage of citric acid for neutralization of the pH value in medicines as well as salt derivatives of minerals & metals. Along with these, citric acid is employed in conjunction with sodium carbonate in effervescent formulae for the production of personal care, ingestion tablets and powder products. In addition to food & beverages and healthcare applications, the global citric acid market is segmented into pharmaceutical and other industries. Copyright @OGAnalysis

7. Citric Acid Based on regional analysis, European citric acid market captures the largest market share Demographically, Europe accounts for major market share in the global citric acid market, followed by North America and Asia pacific regions. Increasing awareness among consumers concerning the health benefits offered by citric acid for maintaining the digestive health, which leads to robust growth of citric acid market in Europe. European people who are consuming citric acid based yogurt to maintain digestive health has increased to a great extent in recent years. In North America, most of the people are suffering from digestive system problems. Along with these, the increase in food & beverages and pharmaceuticals industry are driving the citric acid market and have positive industry outlook. In Asia Pacific region, the factors such as increasing geriatric population and cause of lifestyle diseases such as mental health problems, cardiovascular diseases, and gut health related issues are evidenced the growth of citric acid market in the region. Further, regional analysis of global citric acid market is segmented for countries across South & Central America and Middle East & Africa. Key players participating in the global Citric acid market Key players that are participating in Citric acid market globally are Archer Daniels Midland Company (US), COFCO Biochemical (Anhui) Co., Ltd (China), Cargill, Incorporated. (US), Delek Group (Israel), Gadot Biochemical Industries Ltd (Israel), Huangshi Xinghua Biochemical Co., Ltd (China), Jungbunzlauer Suisse AG (Switzerland), Pfizer Inc. (US), RZBC Group Co., Ltd (China), and S.A. Citrique Belge N.V.(Belgium) among others. No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent from OGAnalysis (www.oganalysis.com) Page 6

8. Citric Acid Scope of the Report Long term perspective on the Citric Acid industry: 2018 (base year), 2019- 2025 (forecast period) Citric Acid Market- Forecasts by Segments- Form, Function, and Application by geography. It provides the citric acid market outlook by 2 form types including liquid form and solid form. The report provides the citric acid market based on 6 function types including preservative, emulsifying agent, acidulant, antioxidant, binding agent, and others. It provides the citric acid market based on 4 applications including food & beverages, healthcare, pharmaceutical and others. Citric acid market across countries in 5 regions including Asia-Pacific, Europe, North America, South & Central America and Middle East & Africa are covered. Citric Acid Market- Strategic Analysis Review Key strategies opted by leading players Short to Long Term Industry Trends Porter’s Five Forces Analysis Supply side and Demand Side Drivers and Challenges Citric Acid Market- Growth Opportunities Copyright @OGAnalysis

9. Citric Acid Potential New Business Opportunities Key Areas of Focus in forecast period Citric Acid Market- Competitive Scenario 10 companies are analysed in the report including Archer Daniels Midland Company (US), COFCO Biochemical (Anhui) Co., Ltd (China), Cargill, Incorporated. (US), Delek Group (Israel), Gadot Biochemical Industries Ltd (Israel), Huangshi Xinghua Biochemical Co., Ltd (China), Jungbunzlauer Suisse AG (Switzerland), Pfizer Inc. (US), RZBC Group Co., Ltd (China), and S.A. Citrique Belge N.V.(Belgium). Company Peer-to-Peer Comparison Company Profile and SWOT Analysis Recent Citric Acid Market News and Deals No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent from OGAnalysis (www.oganalysis.com) Page 8

10. Citric Acid Table of Contents 1. Table of Contents 1.1 List of Tables 1.2 List of Figures 2. Introduction to Global Citric Acid Market 2.1 Global Citric Acid Market Snapshot, 2018 2.2Citric Acid Industry Overview 2.3 Research Perspective 3. Global Citric Acid Market- Strategic Analysis 3.1 Short Term and Long Term Industry Trends Affecting Global Citric Acid Markets 3.2 Leading Citric Acid Types Targeted by Global Manufacturers 3.3 Key Consumption Patterns of Citric Acid 3.4 Potential Markets Vital for business Expansion Copyright @OGAnalysis

11. Citric Acid 3.5 Five Forces Analysis 3.6 Drivers and Restraints 4. Global Citric Acid Market Outlook and Growth Opportunities by Form 4.1Liquid Form Citric Acid Market Outlook, 2019- 2025 4.2Powder Form Citric Acid Market Outlook, 2019- 2025 5. Global Citric Acid Market Outlook and Growth Opportunities by Function 5.1 Citric Acid Demand as Preservative, Market Outlook, 2019- 2025 5.2 Citric Acid Demand as Emulsifying agent, Market Outlook, 2019- 2025 5.3 Citric Acid Demand as Acidulant, Market Outlook, 2019- 2025 5.4 Citric Acid Demand as Antioxidant, Market Outlook, 2019- 2025 5.5 Citric Acid Demand as Binding Agent, Market Outlook, 2019- 2025 5.6 Citric Acid Demand as Other Functions, Market Outlook, 2019- 2025 6. Global Citric Acid Market Outlook and Growth Opportunities by Application 6.1 Citric Acid Demand in Food & Beverages, Market Outlook, 2019- 2025 No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent from OGAnalysis (www.oganalysis.com) Page 10

12. Citric Acid 6.2 Citric Acid Demand in Health Care, Market Outlook, 2019- 2025 6.3 Citric Acid Demand in Pharmaceutical, Market Outlook, 2019- 2025 6.4Citric Acid Demand in Other Applications, Market Outlook, 2019- 2025 7. Asia Pacific Citric Acid Market Outlook and Growth Opportunities 7.1 Key Findings, 2018 7.2 Asia Pacific Citric Acid Market Outlook by Form, 2019- 2025 7.3 Asia Pacific Citric Acid Market Outlook by Function, 2019- 2025 7.4 Asia Pacific Citric Acid Market Outlook by Application, 2019- 2025 7.5 Asia Pacific Citric Acid Market Outlook by Country, 2019- 2025 8. Europe Citric Acid Market Outlook and Growth Opportunities 8.1 Key Findings, 2018 8.2 Europe Citric Acid Market Outlook by Form, 2019- 2025 8.3 Europe Citric Acid Market Outlook by Function, 2019- 2025 8.4 Europe Citric Acid Market Outlook by Application, 2019- 2025 8.5 Europe Citric Acid Market Outlook by Country, 2019- 2025 Copyright @OGAnalysis

13. Citric Acid 9. North America Citric Acid Market Outlook and Growth Opportunities 9.1 Key Findings, 2018 9.2 North America Citric Acid Market Outlook by Form, 2019- 2025 9.3 North America Citric Acid Market Outlook by Function, 2019- 2025 9.4 North America Citric Acid Market Outlook by Application, 2019- 2025 9.5 North America Citric Acid Market Outlook by Country, 2019- 2025 10. South & Central America Citric Acid Market Outlook and Growth Opportunities 10.1 Key Findings, 2018 10.2 South & Central America Citric Acid Market Outlook by Form, 2019- 2025 10.3South & Central America Citric Acid Market Outlook by Function, 2019- 2025 10.4South & Central America Citric Acid Market Outlook by Application, 2019- 2025 10.5South & Central America Citric Acid Market Outlook by Country, 2019- 2025 11. Middle East & Africa Citric Acid Market Outlook and Growth Opportunities 11.1 Key Findings, 2018 No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent from OGAnalysis (www.oganalysis.com) Page 12

14. Citric Acid 11.2 Middle East & Africa Citric Acid Market Outlook by Form, 2019- 2025 11.3 Middle East & Africa Citric Acid Market Outlook by Function, 2019- 2025 11.4Middle East & Africa Citric Acid Market Outlook by Application, 2019- 2025 11.5 Middle East & Africa Citric Acid Market Outlook by Country, 2019- 2025 12. Competitive Landscape 12.1 Leading Players (Company Profile, SWOT Analysis, Citric Acid Products, Financial Analysis) 12.1.1 Archer Daniels Midland Company (US) 12.1.2 COFCO Biochemical (Anhui) Co., Ltd (China) 12.1.3 Cargill, Incorporated. (US) 12.1.4 Delek Group (Israel) 12.1.5 Gadot Biochemical Industries Ltd (Israel) 12.1.6 Huangshi Xinghua Biochemical Co., Ltd (China) 12.1.7 Jungbunzlauer Suisse AG (Switzerland) 12.1.8 Pfizer Inc. (US) 12.1.9 RZBC Group Co., Ltd (China) 12.1.10 S.A. Citrique Belge N.V.(Belgium) Copyright @OGAnalysis

15. Citric Acid 12.2 Company Benchmarking 12.3 Financial Analysis 13. Recent News and Deals Landscape 13.1 Mergers and Acquisitions 13.2 New Product Launches 13.3 Asset Transactions 13.4 Financial Announcements 14 Appendix 14.1 OGAnalysis Expertise 14.2 Sources and Research Methodology 14.3 Contact Information No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent from OGAnalysis (www.oganalysis.com) Page 14

16. Citric Acid Research Methodology Over 1000 companies rely on OGAnalysis research for accurate data and analytics for business development. Accordingly, we have developed a robust methodology that has been redefined again and again over the past 10 years to arrive at the best-in- class methodology. We understand the importance of research for your business! Our strategic market intelligence is uniquely designed to transform data points into actionable insights for strategic planning and business development. Our methodology includes series of iterative processes integrating qualitative and quantitative research methods. Scope and Report Design Phase Our well experienced team of experts carefully designs the study scope, objectives and deliverables. Through clear understanding of research needs of our clients, we design a clear scope for all the segments and sub-segments of the report. Strong knowledge on emerging trends, client interactions, conferences and latest thinking assist us in formulating the most suitable design process. Copyright @OGAnalysis

17. Citric Acid Data Sourcing OGAnalysis has a large pool of industrial partners across companies and business functions. Data is sourced through extensive primary and secondary research methods. Through collaborative efforts, primary data is sourced from industry organizations, leading companies, suppliers, traders and consumers to ensure a comprehensive industry perspective. Strong primary research abilities set us apart from crowd In-house Proprietary Databases Our proprietary databases with over 10 million data points act as a strong historic source for all the information gathered during Data Sourcing phase. A dedicated team of analysts work on a daily basis- crawling thousands of websites and primary calls to constantly update the information in our databases. Data Triangulation The benefits of data triangulation include boosting data trustworthiness, identifying novel ways of understanding, generating new insights and gain clear understanding of markets. Through use of historical trend analysis, bottom-up and top-down demand modeling coupled with comparative analysis, we assess the diverse and quantitative data gathered through primary and secondary research methods. No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent from OGAnalysis (www.oganalysis.com) Page 16

18. Citric Acid Data Triangulation Can Provide Novel Insights Forecast methodology Forecasting is no more a simple quantitative modeling exercise. It is an iterative operating process where identifying the right things to forecast is followed by gathering and improving the data to include real-world scenarios. Emphasis on scalability and adaptability of the model in current market conditions with confidence remains the key for any forecast model. The forecasting process concludes with adaptability in business model so as to constantly improve the entire process. Copyright @OGAnalysis

19. Citric Acid Related Products and Solutions Low-Density Polyethylene (LDPE) Medical Polymers Metal Soaps and Organotin Heat Stabilizers Metalized Biaxially Oriented Polypropylene Films Citric Acid Plastic 3D Printing Plastic 3D Printing Powder Crosslinking Agents Dimer Acid Dimethyl Terephthalate and Terephthalic Acid Polymer Foam Polymer Gel Polymethyl Methacrylate Polyamide Acrylic Sheet Polyols Acrylonitrile Acrylonitrile Butadiene Styrene Resins Adhesive, Composite, and Coating Epoxy Electrically Conductive Adhesives Polyolefin Polypropylene Electroactive Polymers Metallic Stearate Polyolefin Fibers Polystyrene Emulsion Polymer Methyl Methacrylate Methyl, Ethyl and Other Cellulose Ethers Polyoxymethylene Rosin Adipic Acid Engineering Plastics Polyphenylene Oxide Polyphenylene Sulfide Resins White Oil High Temperature Resin Low Temperature Coating Aluminum Oxide Amine and Anhydride Epoxy Curing Agents Epoxidized Soybean Oil (ESO) Epoxy and Polyester Corrosion Resistant Resins Mulch film Novolac Resins Polypropylene Resins Amino Resins Epoxy Coatings Nylon 6 and 66 Polysilicon Polytetrafluoroethylen e Polyurea Maleic Anhydride Medical Plastics Anti-Fog Additives Antimicrobial Plastic Epoxy Resin Epoxy Surface Coatings Nylon Monofilament Nylon Resins Organic Coatings, Inorganic Coatings and Other Barrier Films Methacrylate Monomers Automotive Polycarbonate Glazing Epoxy, Silicone, Polyurethane and Other High Temperature Adhesives Epoxy, Vinyl Ester and Polyester Glass Flake Coatings Ethylene Copolymers Polyvinyl Chloride Resins Purified Terephthalic Acid Reinforced Plastics Rigid Transparent Plastics Opaque Polymers Petroleum Resin Azodicarbonamide Bakelite Packaging Films Paint Protection Film Phenolic Resin Barrier Resisns Ethylene Glycols PET Polymer No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent from OGAnalysis (www.oganalysis.com) Page 18

20. Citric Acid Plastic Additives Bio Plasticizers Bio-based Polyethylene Terephthalate Ethylene Oxide Phosgene Shrink Film Plastisols Ethylene Propylene Diene Monomer Plastic Compounding Smart Polymers Styrene-Acrylonitrile Resins Styrenic Block Copolymers Polyamide Bio-based Polypropylene Extruded Polypropylene Foam Plastic Dielectric Films Polycarbonate Films Biodegradable Plastics Fiber Reinforced Composites Fiber Reinforced Polymer Composites Plastic Films and Sheets Polyetheramine Biodegradable Polymers Biodegradable Superabsorbent Materials Plasticizer Alcohol Styrenic Copolymers Polymer Dispersions Polymethyl Methacrylate Microspheres Polyphenylene Sulfide Polypropylene Catalysts Flexible Epoxy Resin Plasticizers Styrenic Polymers Bioplastics Fluorotelomers Polyacetal Resins Styrenics Bio-Polyamide Furan Resins Polyacrylamide Sulfone Polymers Superabsorbent Polymers Synthetic and Bio- Based Polypropylene Synthetic Water- Soluble Polymers Thermoformed Plastics Thermoplastic Polyester Engineering Resins Thermoplastic Polyolefins Thermoplastic Vulcanizates Biopolymer Furandicarboxylic Acid Polyamide Resins Polyvinyl Butyral Bioresorbable Polymers Glass Fiber Polyamide-Imide Precipitated Silica Bisphenol A Gum Rosin Polyaryletherketone Protective Films Blow Molded Plastics HDPE (High-Density Polyethylene) Polyarylsulfone PVC Additives Breathable Film HDPE Polyethylene Resins Polycarbonate Resins PVC Stabilizer Saturated Polyester Resin Synthetic Latex Polymers Cellulose Acetate Heat Resistant Polymer Polychlorotrifluoroethylene Cellulose Acetate Flake Hexamethylenediamine Polyester Film Cellulose Ester High Density Polyethylene Polyester Polyols Triethylene Glycol Copyright @OGAnalysis

21. Citric Acid Cellulose Ether and Derivatives Ultraviolet Curable Resins Unsaturated Polyester Resins Transparent Plastics Tris Nonylphenyl Phosphite Hydrazine Polyether Ether Ketone Cellulose Films Chlorinated Polyethylene (PE-C) Chlorinated Polyethylene Resins and Elastomers Impact Modifiers Polyether Polyols UV Absorbers Injection Molded Plastics Polyethylene Furanoate UV Light Stabilizers Water Soluble Polymers Wood Plastic Composite UV Stabilizer Ion Exchange Resins Polyethylene Glycol Water Based Resin Water Soluble Film Waterborne Epoxy Resins Waterborne UV Curable Resins Chromatography Resin Coating Resins LDPE Polyethylene Resins Linear LDPE Polyethylene Resins Polyethylene Naphthalate Polyethylene Terephthalate Solid-State Resins Conductive Polymers Corrosion Resistant Resin Liquid Crystal Polymers Polyimides and Imide Polymers Low Profile Additives Polymer Chameleons No portion of this report may be reproduced, reused, or otherwise distributed in any form without prior written consent from OGAnalysis (www.oganalysis.com) Page 20

22. Citric Acid For More Information https://www.oganalysis.com/industry-13-Chemicals-and-Materials-reports Americas Connecticut, US: 360 Tolland Turnpike, Suite 2D Manchester, CT, USA 06042, US Texas, US: 1500 Corporate Circle, Suite # 17, Southlake, Tx-76092, US Asia-Pacific and Rest of World Hyderabad, India: Lakshmi Sai Damam, Plot No: 188/29, Hi-Tech City, Hyderabad, India-500081. Email: sales@oganalysis.com; Telephone: +91-7337-01-3757; Website-www.oganalysis.com; This report is solely intended for the buyer and no part of it may be reproduced, stored or transmitted in any form by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of OGAnalysis. All rights reserved. Copyright @OGAnalysis