Citric Acid Market by Form (Anhydrous and Liquid), Application (Food, Pharmaceuticals, and Cosmetics), Function (Acidulant, Antioxidant, Preservative, and Sequestrant), and by Region (North America, Europe, Asia-Pacific, and RoW) - Global Forecast to 2020

 Published On: Oct, 2015 |    No of Pages: 133 |  Published By: MarketsandMarkets | Format: PDF
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Citric acid is a weak organic acid that finds application in various industries such as food & beverage, animal feed, pharmaceutical, personal care & cosmetics, detergents & cleansers, textile, and construction, among others. Citric acid is widely used in the food & beverage industry as an acidulant. The citric acid market is expected to witness significant growth in the food & beverage industry owing to increasing demand for processed and ready-to-eat food & beverage products. Versatile properties of citric acid such as low toxicity, tart taste, preservation, and chelating & buffering characteristics are responsible for its growing consumption in a wide range of applications.

This report provides a complete analysis of the key companies and a chronology of developments with respect to new products, investments & expansion, acquisitions, and agreements. It also analyzes the market dynamics, price trends, and trade analysis, highlighting the key features for this market. The report also highlights key market drivers and restraints for the key regions of the world.

Leading players such as Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Tate & Lyle PLC (U.K.) and JUNGBUNZLAUER SUISSE AG (Switzerland), COFCO Biochemical (AnHui) Co., Ltd. (China), HUANGSHI XINGHUA BIOCHEMICAL CO.LTD (China), and S.A. Citrique Belge N.V. (Belgium), among others have been profiled in the report. To maintain a competitive edge in the citric acid market, the key players were observed to prefer new product development as a strategy to serve a broad range of industries. New technologies have initiated the emergence of innovative products that could help in cost reduction. Developing countries present a viable market for manufacturers, as these regions are emerging as potential markets with the availability of raw materials.

The global market for citric acid is projected to grow at competitive CAGRs of 5.5% and 5.2%, in terms of value and volume respectively, from 2015 to 2020. Europe led the market for citric acid in 2014, in terms of value and volume, owing to substantial growth in the processed food & beverage industry and high consumption of citric acid as a vital food additive. The market in the Asia-Pacific region is projected to grow at a higher rate as compared to the matured markets of developed economies. 

Available Customizations-

The following customization options are available for the report:

Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis
- Further breakdown of the Rest of Europe citric acid market into Sweden, Poland, Norway, and Greece

- Further breakdown of the Rest of Asia-Pacific citric acid market into Malaysia, Australia & New Zealand, and Thailand

- Further breakdown of the RoW citric acid market into Paraguay, Uruguay, Chile, and Cuba

Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 15
1.3 STUDY SCOPE 15
1.3.1 YEARS CONSIDERED 15
1.4 BASE CURRENCY CONSIDERED FOR THE CITRIC ACID MARKET 16
1.5 BASE UNIT CONSIDERED FOR THE CITRIC ACID MARKET 16
1.6 LIMITATIONS 16
1.7 STAKEHOLDERS 16

2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 19
2.1.2.2 Key industry insights 20
2.1.2.2.1 Breakdown of primaries, by company type, designation & region 20
2.2 FACTOR ANALYSIS 21
2.2.1 INTRODUCTION 21
2.2.2 OVERVIEW OF THE PARENT INDUSTRY 21
2.2.2.1 Key segments in the food sector 21
2.2.3 DEMAND-SIDE ANALYSIS 22
2.2.3.1 Rising population 23
2.2.3.1.1 Increase in middle-class population, 2010–2030 23
2.2.3.2 Developing economies, GDP (purchasing power parity), 2013 23
2.2.4 SUPPLY-SIDE ANALYSIS 24
2.2.4.1 Research & development 24
2.3 MARKET SIZE ESTIMATION 24
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 26
2.5 RESEARCH ASSUMPTIONS & LIMITATIONS 27
2.5.1 ASSUMPTIONS 27
2.5.2 LIMITATIONS OF THE RESEARCH STUDY 27

3 EXECUTIVE SUMMARY 28
3.1 OVERVIEW 28
3.2 CITRIC ACID 28

4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE OPPORTUNITIES IN THE CITRIC ACID MARKET 32
4.2 CITRIC ACID MARKET, BY APPLICATION 33
4.3 OVERVIEW OF THE CITRIC ACID MARKET IN THE ASIA-PACIFIC REGION 34
4.4 INDIA IS PROJECTED TO BE THE FASTEST-GROWING MARKET 35
4.5 CITRIC ACID MARKET, BY FUNCTION 36
4.6 CITRIC ACID MARKET: DEVELOPED VS. EMERGING MARKETS 36
4.7 ANHYDROUS FORM ACCOUNTED FOR THE LARGEST SHARE IN THE CITRIC ACID MARKET IN 2014 37
4.8 CITRIC ACID MARKET LIFE CYCLE ANALYSIS, BY REGION 38

5 MARKET OVERVIEW 39
5.1 INTRODUCTION 40
5.2 MARKET SEGMENTATION 40
5.3 MARKET DYNAMICS 41
5.3.1 DRIVERS 42
5.3.1.1 Rising consumption of convenience food & beverage products 42
5.3.1.2 Multi-functionality of citric acid, a key feature 42
5.3.1.3 Increasing need for food safety 42
5.3.1.4 Research & development driving innovation 42
5.3.2 RESTRAINTS 43
5.3.2.1 Competition for basic raw materials 43
5.3.3 OPPORTUNITIES 43
5.3.3.1 Growth opportunities in the untapped markets 43
5.3.3.2 Less impact of regulations 44
5.3.4 CHALLENGES 44
5.3.4.1 Lactic acid emerging as a new substitute for citric acid 44
5.3.4.2 Challenges for citric acid manufacturers in developed markets 44

6 INDUSTRY TRENDS 45
6.1 INTRODUCTION 45
6.2 SUPPLY CHAIN 45
6.3 INDUSTRY INSIGHTS 47
6.4 PORTER’S FIVE FORCES ANALYSIS 48
6.4.1 THREAT OF NEW ENTRANTS 48
6.4.2 THREAT OF SUBSTITUTES 49
6.4.3 BARGAINING POWER OF SUPPLIERS 50
6.4.4 BARGAINING POWER OF BUYERS 51
6.4.5 INTENSITY OF COMPETITIVE RIVALRY 52
6.5 TRADE ANALYSIS 53
6.6 REGULATIONS 54
6.7 PRICE TREND 55

7 CITRIC ACID MARKET, BY FORM 56
7.1 INTRODUCTION 57
7.2 ANHYDROUS 58
7.3 LIQUID 59

8 CITRIC ACID MARKET, BY APPLICATION 60
8.1 INTRODUCTION 61
8.2 FOOD 64
8.2.1 BEVERAGES 65
8.2.2 CONFECTIONERIES 66
8.2.3 CONVENIENCE FOOD PRODUCTS 66
8.2.3.1 Creams, fats & fillings 66
8.2.3.2 Soups & sauces 66
8.2.3.3 Oils 67
8.2.4 DAIRY PRODUCTS 67
8.3 PHARMACEUTICAL & COSMETICS 68
8.4 REAGENT 69
8.5 OTHERS 70

9 CITRIC ACID MARKET, BY FUNCTION 71
9.1 INTRODUCTION 72
9.2 ACIDULANT 73
9.3 ANTIOXIDANT 74
9.4 PRESERVATIVE 75
9.5 SEQUESTRANT 76

10 CITRIC ACID MARKET, BY GRADE 77
10.1 FOOD GRADE 77
10.2 PHARMACEUTICAL GRADE 78
10.3 INDUSTRIAL GRADE 78

11 CITRIC ACID MARKET, BY REGION 79
11.1 INTRODUCTION 80
11.2 PEST ANALYSIS 81
11.2.1 POLITICAL/LEGAL FACTORS 81
11.2.1.1 Government regulations 81
11.2.2 ECONOMIC FACTORS 81
11.2.2.1 Fluctuating raw material prices 81
11.2.2.2 Rising middle-class population with high disposable income 81
11.2.3 SOCIAL FACTORS 81
11.2.3.1 Food safety 81
11.2.4 TECHNOLOGICAL FACTORS 81
11.2.4.1 R&D initiatives 81
11.3 NORTH AMERICA 83
11.3.1 U.S. 87
11.3.2 CANADA 88
11.3.3 MEXICO 89
11.4 EUROPE 89
11.4.1 ITALY 93
11.4.2 SPAIN 94
11.4.3 GERMANY 94
11.4.4 U.K. 95
11.4.5 FRANCE 95
11.4.6 REST OF EUROPE 96
11.5 ASIA-PACIFIC 96
11.5.1 CHINA 100
11.5.2 JAPAN 101
11.5.3 INDIA 102
11.5.4 REST OF ASIA-PACIFIC 103
11.6 REST OF THE WORLD (ROW) 104
11.6.1 LATIN AMERICA 107
11.6.2 AFRICA 107
11.6.3 MIDDLE EAST 108

12 COMPANY PROFILES 109 (Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
12.1 INTRODUCTION 109
12.2 ARCHER DANIELS MIDLAND COMPANY 110
12.3 CARGILL, INCORPORATED 112
12.4 TATE & LYLE PLC 114
12.5 JUNGBUNZLAUER SUISSE AG 117
12.6 COFCO BIOCHEMICAL (ANHUI) CO., LTD. 119
12.7 HUANGSHI XINGHUA BIOCHEMICAL CO.LTD 121
12.8 RZBC GROUP CO. LTD. 122
12.9 WEIFANG ENSIGN INDUSTRY CO., LTD. 123
12.10 GADOT BIOCHEMICAL INDUSTRIES LTD. 124
12.11 S.A. CITRIQUE BELGE N.V. 126

*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.
 
13 APPENDIX 127
13.1 INSIGHTS OF INDUSTRY EXPERTS 127
13.2 DISCUSSION GUIDE 128
13.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 130
13.4 AVAILABLE CUSTOMIZATIONS 131
13.5 RELATED REPORTS 131

LIST OF TABLES

TABLE 1 CHINA LED THE GLOBAL CITRIC ACID EXPORTS, IN TERMS OF VALUE & VOLUME IN 2014 53
TABLE 2 THE U.S. LED THE GLOBAL CITRIC ACID IMPORTS, IN TERMS OF VALUE & VOLUME IN 2014 53
TABLE 3 REGULATIONS PERTAINING TO THE USE OF CITRIC ACID IN KEY COUNTRIES 54
TABLE 4 CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 57
TABLE 5 CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (KT) 58
TABLE 6 ANHYDROUS CITRIC ACID MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 58
TABLE 7 LIQUID CITRIC ACID MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 59
TABLE 8 CITRIC ACID IS ACCEPTABLE IN FOODS CONFORMING TO THE FOLLOWING COMMODITY STANDARDS: CS 117-1981, AS PER THE CODEX ALIMENTARIUS COMMISSION, 61
TABLE 9 CITRIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 63
TABLE 10 CITRIC ACID MARKET SIZE FOR FOOD, BY REGION, 2013–2020 (USD MILLION) 64
TABLE 11 CITRIC ACID MARKET SIZE FOR FOOD, BY APPLICATION, 2013–2020 (USD MILLION) 64
TABLE 12 BEVERAGES MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 65
TABLE 13 CONFECTIONERIES MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 66
TABLE 14 CONVENIENCE FOOD PRODUCTS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 67
TABLE 15 DAIRY PRODUCTS MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 67
TABLE 16 CITRIC ACID MARKET SIZE FOR PHARMACEUTICAL & COSMETICS, BY REGION, 2013–2020 (USD MILLION) 69
TABLE 17 CITRIC ACID MARKET SIZE FOR REAGENT APPLICATIONS, BY REGION, 2013–2020 (USD MILLION) 69
TABLE 18 CITRIC ACID MARKET SIZE FOR OTHER APPLICATIONS, BY REGION, 2013–2020 (USD MILLION) 70
TABLE 19 CITRIC ACID MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 72
TABLE 20 CITRIC ACID IN ACIDULANT MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 73
TABLE 21 CITRIC ACID IN ANTIOXIDANT MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 74
TABLE 22 CITRIC ACID IN PRESERVATIVE MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 75
TABLE 23 CITRIC ACID IN SEQUESTRANT MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 76
TABLE 24 CITRIC ACID MARKET SIZE, BY GRADE, 2013–2020 (USD MILLION) 77
TABLE 25 FOOD GRADE CITRIC ACID MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 77
TABLE 26 PHARMACEUTICAL GRADE CITRIC ACID MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 78
TABLE 27 INDUSTRIAL GRADE CITRIC ACID MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 78
TABLE 28 CITRIC ACID MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 82
TABLE 29 CITRIC ACID MARKET SIZE, BY REGION, 2013–2020 (KT) 83
TABLE 30 NORTH AMERICA: CITRIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 85
TABLE 31 NORTH AMERICA: CITRIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 85
TABLE 32 NORTH AMERICA: CITRIC ACID MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 85
TABLE 33 NORTH AMERICA: CITRIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 86
TABLE 34 NORTH AMERICA: CITRIC ACID MARKET SIZE, BY FOOD APPLICATION, 2013–2020 (USD MILLION) 86
TABLE 35 NORTH AMERICA: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 86
TABLE 36 U.S.: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 88
TABLE 37 CANADA: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 88
TABLE 38 MEXICO: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 89
TABLE 39 EUROPE: CITRIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 91
TABLE 40 EUROPE: CITRIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 91
TABLE 41 EUROPE: CITRIC ACID MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 92
TABLE 42 EUROPE: CITRIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 92
TABLE 43 EUROPE: CITRIC ACID IN FOOD MARKET SIZE, BY FOOD TYPE, 2013–2020 (USD MILLION) 92
TABLE 44 EUROPE: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 93
TABLE 45 ITALY: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 93
TABLE 46 SPAIN: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 94
TABLE 47 GERMANY: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 94
TABLE 48 U.K.: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 95
TABLE 49 FRANCE: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 95
TABLE 50 REST OF EUROPE: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 96
TABLE 51 ASIA-PACIFIC: CITRIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 98
TABLE 52 ASIA-PACIFIC: CITRIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 98
TABLE 53 ASIA-PACIFIC: CITRIC ACID MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 99
TABLE 54 ASIA-PACIFIC: CITRIC ACID MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 99
TABLE 55 ASIA-PACIFIC: CITRIC ACID IN FOOD MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 99
TABLE 56 ASIA-PACIFIC: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 100
TABLE 57 CHINA: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 101
TABLE 58 JAPAN: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 101
TABLE 59 INDIA: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 102
TABLE 60 REST OF ASIA-PACIFIC: CITRIC ACID MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 103
TABLE 61 ROW: CITRIC ACID MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 105
TABLE 62 ROW: CITRIC ACID MARKET SIZE, BY REGION, 2013–2020 (KT) 105
TABLE 63 ROW: CITRIC ACID MARKET SIZE, BY FUNCTION, 2013–2020 (USD MILLION) 105
TABLE 64 ROW: CITRIC ACID MARKET SIZE, APPLICATION, 2013–2020 (USD MILLION) 106
TABLE 65 ROW: CITRIC ACID IN FOOD MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 106
TABLE 66 ROW: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 106
TABLE 67 LATIN AMERICA: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 107
TABLE 68 AFRICA: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 108
TABLE 69 MIDDLE EAST: CITRIC ACID MARKET SIZE, BY FORM, 2013–2020 (USD MILLION) 108

LIST OF FIGURES

FIGURE 1 CITRIC ACID MARKET 15
FIGURE 2 CITRIC ACID MARKET: RESEARCH DESIGN 17
FIGURE 3 BAKERY SEGMENT ACCOUNTED FOR ~31% IN THE FOOD SECTOR IN 2015 21
FIGURE 4 IMPACT OF KEY FACTORS INFLUENCING THE PARENT INDUSTRY 22
FIGURE 5 GLOBAL POPULATION IS PROJECTED TO REACH ~9.5 BILLION BY 2050 23
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 25
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 25
FIGURE 8 DATA TRIANGULATION METHODOLOGY 26
FIGURE 9 LIMITATIONS OF THE RESEARCH STUDY 27
FIGURE 10 CITRIC ACID MARKET SNAPSHOT (2015 VS. 2020): MARKET FOR BEVERAGES IS PROJECTED TO GROW AT THE HIGHEST CAGR 29
FIGURE 11 ANHYDROUS CITRIC ACID WILL COVER THE LARGEST SHARE BY 2020 29
FIGURE 12 ASIA-PACIFIC IS PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2015 TO 2020 30
FIGURE 13 CITRIC ACID USED AS ACIDULANT ACCOUNTED FOR THE LARGEST SHARE IN 2014 (IN TERMS OF VALUE) 31
FIGURE 14 EMERGING ECONOMIES OFFER ATTRACTIVE OPPORTUNITIES IN THE CITRIC ACID MARKET 32
FIGURE 15 FOOD SEGMENT TO GROW AT THE HIGHEST RATE 33
FIGURE 16 BEVERAGE APPLICATION CAPTURED THE LARGEST SHARE IN THE EMERGING ASIA-PACIFIC MARKET IN 2014 34
FIGURE 17 INDIA IS PROJECTED TO BE THE FASTEST-GROWING COUNTRY-LEVEL MARKET FOR CITRIC ACID 35
FIGURE 18 EUROPE DOMINATED THE CITRIC ACID MARKET IN 2014 36
FIGURE 19 EMERGING MARKETS TO GROW FASTER THAN THE DEVELOPED MARKETS 36
FIGURE 20 ANHYDROUS FORM WAS THE LARGEST MARKET IN 2014 37
FIGURE 21 THE CITRIC ACID MARKET IN ASIA-PACIFIC IS EXPERIENCING HIGH GROWTH IN THE REVIEW PERIOD 38
FIGURE 22 CITRIC ACID MARKET SEGMENTATION 40
FIGURE 23 RISING CONSUMPTION OF CONVENIENCE FOOD & BEVERAGE PRODUCTS IS THE KEY DRIVER OF THE CITRIC ACID MARKET 41
FIGURE 24 FOOD & BEVERAGE MANUFACTURERS ARE THE KEY PLAYERS IN THE CITRIC ACID SUPPLY CHAIN 46
FIGURE 25 DEVELOPMENT OF NEW PRODUCTS IS THE MOST PREVAILING STRATEGIC TREND IN THE CITRIC ACID INDUSTRY 47
FIGURE 26 PORTER’S FIVE FORCES ANALYSIS: CITRIC ACID MARKET 48
FIGURE 27 INCREASE IN PRICES OF CITRIC ACID DUE TO INCREASING RAW MATERIAL COST 55
FIGURE 28 CITRIC ACID MARKET SIZE, BY FORM, 2015 VS. 2020 57
FIGURE 29 CITRIC ACID MARKET SHARE (VALUE), BY APPLICATION, 2015 VS. 2020 63
FIGURE 30 CITRIC ACID MARKET FOR PHARMACEUTICAL & COSMETICS, 2015 VS. 2020 68
FIGURE 31 CITRIC ACID MARKET SIZE, BY FUNCTION, 2015 VS. 2020 (USD MILLION) 72
FIGURE 32 REGIONAL SNAPSHOT (2014): THE MARKETS IN ASIA-PACIFIC AND ROW ARE EMERGING AS NEW HOT SPOTS 82
FIGURE 33 NORTH AMERICAN CITRIC ACID MARKET SNAPSHOT: THE U.S. IS PROJECTED TO BE THE GLOBAL LEADER BETWEEN 2015 & 2020 84
FIGURE 34 THE U.S. TO BECOME THE LARGEST MARKET FOR CITRIC ACID BY 2020 87
FIGURE 35 EUROPEAN CITRIC ACID MARKET SNAPSHOT: MATURE MARKET SEES STEADY SALES AND STAGNANT DEMAND 90
FIGURE 36 ASIA-PACIFIC CITRIC ACID MARKET SNAPSHOT: INDIA IS THE MOST LUCRATIVE MARKET 97
FIGURE 37 ROW CITRIC ACID MARKET SNAPSHOT: AVAILABILITY OF BASIC RAW MATERIALS IS DRIVING THE MARKET FOR CITRIC ACID 104
FIGURE 38 GEOGRAPHICAL REVENUE MIX OF TOP PLAYERS 109
FIGURE 39 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT 110
FIGURE 40 ARCHER DANIELS MIDLAND COMPANY: SWOT ANALYSIS 111
FIGURE 41 CARGILL, INCORPORATED: COMPANY SNAPSHOT 112
FIGURE 42 CARGILL, INCORPORATED: SWOT ANALYSIS 113
FIGURE 43 TATE & LYLE PLC: COMPANY SNAPSHOT 114
FIGURE 44 TATE & LYLE PLC: SWOT ANALYSIS 115
FIGURE 45 JUNGBUNZLAUER SUISSE AG: SWOT ANALYSIS 118
FIGURE 46 COFCO BIOCHEMICAL (ANHUI) CO., LTD.: COMPANY SNAPSHOT 119
FIGURE 47 COFCO BIOCHEMICALS: SWOT ANALYSIS 120

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