GCC Citric Acid Market

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:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Key Market Segments:

The GCC citric market has been analysed as followed:

Segmentation by Applications:

• Food and Beverages
• Household Detergents and Cleaners
• Pharmaceuticals
• Others

Segmentation by Form:

• Anhydrous
• Liquid

Segmentation by Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

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.