GCC Citric Acid Market Overview:
The GCC citric acid market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. The market is projected to register a CAGR of X% during 2023-2028, reaching US$ XX Billion by 2028. Citric acid (HOC(CH₂CO₂H)₂) is a colorless, weak, organic compound that naturally occurs in citrus fruits, such as lemons, lime, pineapples, oranges, and grapefruits. It is synthetically manufactured using aspergillus niger through the process of fermentation. Citric acid is primarily used as a preserving and flavoring agent due to its acidic and sour-tasting properties, especially in soft drinks and candies. Besides this, it is used to control microorganism growth and induce sourness and pH adjustment. Citric acid is also utilized in household detergents and cleaners as a co-builder, predominantly in concentrated liquid detergents with zeolite builder systems. Additionally, it is used for manufacturing cosmetics and personal care products due to its antioxidant properties that help brighten the skin tone, regenerate dead skin cells, and minimize breakouts and oiliness.
In the GCC, the rising health consciousness among consumers and surging awareness regarding the benefits of citric acid are some of the key factors providing a considerable boost to the market growth. This is further supported by the increasing product application in manufacturing medicines and health supplements to enhance nutrient absorption and improve metabolism in the human body. Moreover, the rising consumer awareness regarding the adverse effects caused by the chemicals in daily-use products has prompted a gradual shift toward the adoption of natural ingredients, such as citric acid, which is creating a positive outlook for the market. In line with this, key market players are actively working to introduce organic product variants to increase their consumer base, which is positively contributing to the market growth. Additionally, the increasing application of citric acid as an additive in personal care products, adhesives and sealants, plastics, coatings, inks, and polymers is bolstering the market growth. Other factors, such as the inflating consumer expenditure power and the easy product availability in supermarkets, online retail stores, and hypermarkets, are accelerating the market growth.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC citric acid market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC citric acid market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC citric acid market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC citric acid industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC citric acid industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC citric acid industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC citric acid industry. Furthermore, the value chain analysis of the GCC citric acid industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution
GCC Citric Acid Market Segment Insights:
The report has assessed the GCC citric acid market on the basis of application covering, food & beverages, household detergents & cleaners, Pharmaceuticals and others. The report has further examined the market based on form including anhydrous and liquid. On a regional basis, the report examines the citric acid market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. An evaluation of the competitive landscape has also been provided with the details of the key players operating in the GCC citric acid market.
Highlights of the GCC Citric Acid Market Report:
Key Market Segments:
The GCC citric market has been analysed as followed:
Segmentation by Applications:
Segmentation by Form:
Segmentation by Country:
Report Customization:
The GCC citric acid market report can be customized as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.
1 Introduction
1.1 Research Objectives
1.2 Stakeholders
1.3 Scope of the Report
1.4 Assumptions and Limitations
2 Research Methodology
2.1 Data Collection
2.1.1 Primary Sources
2.1.2 Secondary Sources
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Validation
3 Executive Summary
4 Global Citric Acid Market
4.1 Historical Market Trend
4.2 Market Breakup by Region
4.3 Impact of COVID-19
4.4 Market Outlook
5 GCC Citric Acid Market
5.1 Industry Overview
5.2 Key Industry Developments
5.3 Market Trends
5.3.1 Key Market Indicators
5.3.2 Historical Market Trends
5.3.3 Market Outlook
6 GCC Citric Acid Market Segmentation by Country
6.1 Saudi Arabia
6.1.1 Historical Market Trends
6.1.2 Market Outlook
6.2 United Arab Emirates
6.2.1 Historical Market Trends
6.2.2 Market Outlook
6.3 Qatar
6.3.1 Historical Market Trends
6.3.2 Market Outlook
6.4 Kuwait
6.4.1 Historical Market Trends
6.4.2 Market Outlook
6.5 Oman
6.5.1 Historical Market Trends
6.5.2 Market Outlook
6.6 Bahrain
6.6.1 Historical Market Trends
6.6.2 Market Outlook
7 GCC Citric Acid Market Segmentation by Applications
7.1 Food and Beverages
7.1.1 Historical Market Trends
7.1.2 Market Outlook
7.2 Household Detergents and Cleaners
7.2.1 Historical Market Trends
7.2.2 Market Outlook
7.3 Pharmaceuticals
7.3.1 Historical Market Trends
7.3.2 Market Outlook
7.4 Others
7.4.1 Historical Market Trends
7.4.2 Market Outlook
8 GCC Citric Acid Market Segmentation by Form
8.1 Anhydrous
8.1.1 Historical Market Trends
8.1.2 Market Outlook
8.2 Liquid
8.2.1 Historical Market Trends
8.2.2 Market Outlook
9 GCC Citric Acid Industry: Market Dynamics
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 GCC Citric Acid Industry: Value Chain Analysis
10.1 Overview
10.2 Research and Development
10.3 Raw Material Suppliers
10.4 Inbound Logistics
10.5 Production
10.6 Marketing
10.7 Outbound Logistics
10.8 Consumers
11 GCC Citric Acid Industry: Porter’s Five Forces Analysis
11.1 Overview
11.2 Threat of New Entrants
11.3 Threat of Substitutes
11.4 Bargaining Power of Buyers
11.5 Bargaining Power of Suppliers
11.6 Intensity of Rivalry
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Key Success Factors
13 Key Player Profiles
List of Figures
Figure 1: Global: Citric Acid Market: Sales Value (in Billion US$), 2017-2022
Figure 2: Global: Citric Acid Market: Segmentation by Region (in %), 2022
Figure 3: Global: Citric Acid Market Outlook: Sales Value (in Billion US$), 2023-2028
Figure 4: GCC: Citric Acid Market: Sales Value (in Billion US$), 2017-2022
Figure 5: GCC: Citric Acid MarketOutlook: Sales Value (in Billion US$), 2023-2028
Figure 6: GCC: Citric Acid Market: Segmentation by Country (in %), 2022
Figure 7: GCC: Citric Acid Market: Segmentation by Applications (in %), 2022
Figure 8: GCC: Citric Acid Market: Segmentation by Form (in %), 2022
Figure 9: Saudi Arabia: Citric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Saudi Arabia: Citric Acid Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 11: United Arab Emirates: Citric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: United Arab Emirates: Citric Acid Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 13: Qatar: Citric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Qatar: Citric Acid Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 15: Kuwait: Citric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Kuwait: Citric Acid Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 17: Oman: Citric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Oman: Citric Acid Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 19: Bahrain: Citric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Bahrain: Citric Acid Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 21: GCC: Citric Acid (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: GCC: Citric Acid (Food and Beverages) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 23: GCC: Citric Acid (Household Detergents and Cleaners) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: GCC: Citric Acid (Household Detergents and Cleaners) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 25: GCC: Citric Acid (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: GCC: Citric Acid (Pharmaceuticals) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 27: GCC: Citric Acid (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: GCC: Citric Acid (Others) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 29: GCC: Citric Acid (Anhydrous) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: GCC: Citric Acid (Anhydrous) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 31: GCC: Citric Acid (Liquid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: GCC: Citric Acid (Liquid) Market Outlook: Sales Value (in Million US$), 2023-2028
Figure 33: GCC: Citric Acid Industry: Market Dynamics
Figure 34: GCC: Citric Acid Industry: Value Chain Analysis
Figure 35: GCC: Citric Acid Market: Porter’s Five Forces Analysis
List of Tables
Table 1: GCC: Citric Acid Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: Citric Acid Market Outlook: Segmentation by Country (in Million US$), 2023-2028
Table 3: GCC: Citric Acid Market Outlook: Segmentation by Applications (in Million US$), 2023-2028
Table 4: GCC: Citric Acid Market Outlook: Segmentation by Form (in Million US$), 2023-2028
Table 5: GCC: Citric Acid Market Structure
Table 6: GCC: Citric Acid Market: Key Players
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