Citric acid is a colorless, weak organic acid naturally present in citrus fruits, such as lemon, orange, lime, grapefruit, and pomelos. It is synthetically produced by fermentation of sugars using the filamentous fungus Aspergillus niger. It is characterized by a slightly acidic, tart, and refreshing taste and is rich in antioxidants. It helps maintain energy levels, promotes healthy digestion, improves kidney function, enhances metabolism, boosts nutrient absorption, and facilitates detoxification. It is widely used in food products to enhance flavor, inhibit microbial growth, extend the shelf life and balance the sweetness in carbonated soft drinks, juices, and other beverages. Moreover, citric acid finds extensive applications across various industries, including cosmetics and personal care, soaps and detergents, adhesives, sealants, plastics, and pharmaceuticals.
The global citric acid market is primarily driven by the growing product adoption as a preservative, flavoring, and coloring agent in the food and beverage sector. Besides this, the escalating demand for ready-to-drink (RTD) beverages and processed foods due to the changing lifestyles, rapid urbanization, and elevating income levels is another major growth-inducing factor. Additionally, there has been widespread product adoption in personal care items, such as facial packs and masks, to naturally lighten and brighten the skin tone, minimize breakouts and oiliness, and regenerate dead skin cells. In line with this, the rising product utilization in manufacturing digestive medicines has catalyzed the demand for citric acid. Furthermore, the leading manufacturers are adopting advanced production technologies to develop specialized grades of citric acid, which is expanding its pharmaceutical and food applications. Along with this, the shifting consumer inclination toward natural and organic products owing to the growing awareness regarding the adverse effects of chemicals present in everyday items has accelerated the adoption of citric acid. Other factors, including the surging product usage in household cleaners and detergents, increasing applications in clinical nutrition and pet food products, and ongoing research and development (R&D) activities, are also anticipated to propel the market growth.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the citric acid manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the citric acid industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the citric acid industry.
The following technical and economic aspects are included in the report:
Key Questions Answered in This Report-
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
4 Global Citric Acid Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Citric Acid Price Trends
4.7.2 Product Margins
5 Citric Acid Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
6.4.3.1 Plant Machinery Costs
6.4.3.2 Auxiliary Equipment Cost
6.4.3.3 Electrical Works and Piping Costs
6.4.3.4 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7 Annexure
7.1 Raw Material Suppliers
7.2 Pant Machinery Suppliers
List of Figures
Figure 1: Global: Citric Acid Market: Major Drivers and Challenges
Figure 2: Global: Citric Acid Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Citric Acid Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Citric Acid Market: Breakup by Segment (in %), 2022
Figure 5: Global: Citric Acid Market: Breakup by Region (in %), 2022
Figure 6: Citric Acid: Price Trends, 2017 & 2022
Figure 7: Citric Acid: Margins Across Various Stages of the Supply Chain
Figure 8: Citric Acid: Breakup of Costs
Figure 9: Citric Acid Price Structure
Figure 10: Citric Acid: Manufacturing Process Flow
Figure 11: Citric Acid: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Citric Acid: Raw Material Price Trends, 2017 & 2022
List of Tables
Table 1: Citric Acid Manufacturing: Raw Material Requirements
Table 2: Citric Acid Manufacturing: Raw Material Costs
Table 3: Citric Acid Manufacturing: Electricity Costs
Table 4: Citric Acid Manufacturing: Steam Costs
Table 5: Citric Acid Manufacturing: Process Water Costs
Table 6: Citric Acid Manufacturing: Total Utility Costs
Table 7: Citric Acid Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Citric Acid Manufacturing: Packaging Costs
Table 9: Citric Acid Manufacturing: Transportation Costs
Table 10: Citric Acid Manufacturing: Sales and Administration Costs
Table 11: Citric Acid Manufacturing: Total Operating Costs
Table 12: Citric Acid Manufacturing: Costs Related to Land and Site Development
Table 13: Citric Acid Manufacturing: Costs Related to Civil Works
Table 14: Citric Acid Manufacturing: Costs Related to Plant Machinery
Table 15: Citric Acid Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Citric Acid Manufacturing: Costs Related to Electrical works and Piping
Table 17: Citric Acid Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Citric Acid Manufacturing: Working Capital Requirements
Table 19: Citric Acid Manufacturing: Total Capital Investment Required
Table 20: Citric Acid Manufacturing: Total Production Cost
Table 21: Citric Acid Manufacturing: Raw Material Suppliers
Table 22: Citric Acid Manufacturing: Machinery Suppliers
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