Thailand Citric Acid Market (2024-2030) Outlook | Value, Share, Forecast, Trends, Size, Companies, Analysis, Revenue, Growth & Industry

Market Forecast By Form (Liquid, Powder), By Application (Pharmaceutical, Food & beverages, Others) And Competitive Landscape
Product Code: ETC130683 Publication Date: Jul 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Thailand Citric Acid Market Competition 2023

Thailand Citric Acid market currently, in 2023, has witnessed an HHI of 3613, Which has decreased moderately as compared to the HHI of 5346 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

 Thailand Citric Acid Market Competition 2023

Thailand Export Potential Assessment For Citric Acid Market (Values in USD Thousand)


Thailand Export Potential Assessment For Citric Acid Market (Values in USD Thousand)

Thailand Citric Acid Market Synopsis

The Thailand citric acid market is an important segment of the country`s food and beverage industry. Citric acid is a natural acid derived from citrus fruits, and it is widely used as a food additive and preservative. It is a crucial ingredient in the food and beverage manufacturing sector, contributing to the tart flavor and acidity in various products. The market for citric acid in Thailand has experienced steady growth due to the increasing demand for processed and convenience foods. Moreover, citric acid`s applications in the pharmaceutical and personal care industries further contribute to its market growth.

Market Drivers

Several drivers have contributed to the growth of the citric acid market in Thailand. Firstly, the thriving food and beverage industry in the country has driven the demand for citric acid as a food additive for enhancing flavors and extending shelf life. Secondly, the increasing health-consciousness among consumers has led to the preference for natural and organic ingredients, further boosting the use of citric acid in various products. Additionally, the pharmaceutical and personal care sectors` growth has created opportunities for citric acid as an excipient and pH adjuster in formulations.

Challenges of the Market

Despite the positive market trends, the citric acid industry in Thailand faces certain challenges. One of the key challenges is the availability and cost of raw materials for citric acid production. Citric acid is primarily produced through fermentation processes using feedstocks like molasses, which can be subject to price fluctuations. Moreover, the competition from other acidulants and acidity regulators in the market can impact the market share of citric acid. Ensuring compliance with quality and safety standards is crucial for manufacturers to gain consumer trust.

Covid-19 Impact on the Market

The outbreak of the Covid-19 pandemic had an impact on the citric acid market in Thailand. With lockdowns and restrictions on movement, the foodservice industry faced disruptions, affecting the demand for citric acid in food and beverage applications. However, as consumers shifted towards packaged and shelf-stable products, the demand for citric acid in food processing remained relatively stable. The pandemic also increased the demand for personal care and cleaning products, contributing to citric acid`s usage in these sectors.

Key Highlights of the Report:

  • Thailand Citric Acid Market Outlook
  • Market Size of Thailand Citric Acid Market, 2020
  • Forecast of Thailand Citric Acid Market, 2027
  • Historical Data and Forecast of Thailand Citric Acid Revenues & Volume for the Period 2023 - 2027
  • Thailand Citric Acid Market Trend Evolution
  • Thailand Citric Acid Market Drivers and Challenges
  • Thailand Citric Acid Price Trends
  • Thailand Citric Acid Porter's Five Forces
  • Thailand Citric Acid Industry Life Cycle
  • Historical Data and Forecast of Thailand Citric Acid Market Revenues & Volume By Form for the Period 2023 - 2027
  • Historical Data and Forecast of Thailand Citric Acid Market Revenues & Volume By Liquid for the Period 2023 - 2027
  • Historical Data and Forecast of Thailand Citric Acid Market Revenues & Volume By Powder for the Period 2023 - 2027
  • Historical Data and Forecast of Thailand Citric Acid Market Revenues & Volume By Application for the Period 2023 - 2027
  • Historical Data and Forecast of Thailand Citric Acid Market Revenues & Volume By Pharmaceutical for the Period 2023 - 2027
  • Historical Data and Forecast of Thailand Citric Acid Market Revenues & Volume By Food & beverages for the Period 2023 - 2027
  • Historical Data and Forecast of Thailand Citric Acid Market Revenues & Volume By Others for the Period 2023 - 2027
  • Thailand Citric Acid Import Export Trade Statistics
  • Market Opportunity Assessment By Form
  • Market Opportunity Assessment By Application
  • Thailand Citric Acid Top Companies Market Share
  • Thailand Citric Acid Competitive Benchmarking By Technical and Operational Parameters
  • Thailand Citric Acid Company Profiles
  • Thailand Citric Acid Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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Thailand Citric Acid

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Thailand Citric Acid Market Overview

3.1 Thailand Country Macro Economic Indicators

3.2 Thailand Citric Acid Market Revenues & Volume, 2020 & 2027F

3.3 Thailand Citric Acid Market - Industry Life Cycle

3.4 Thailand Citric Acid Market - Porter's Five Forces

3.5 Thailand Citric Acid Market Revenues & Volume Share, By Form, 2020 & 2027F

3.6 Thailand Citric Acid Market Revenues & Volume Share, By Application, 2020 & 2027F

4 Thailand Citric Acid Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Thailand Citric Acid Market Trends

6 Thailand Citric Acid Market, By Types

6.1 Thailand Citric Acid Market, By Form

6.1.1 Overview and Analysis

6.1.2 Thailand Citric Acid Market Revenues & Volume, By Form, 2018 - 2027F

6.1.3 Thailand Citric Acid Market Revenues & Volume, By Liquid, 2018 - 2027F

6.1.4 Thailand Citric Acid Market Revenues & Volume, By Powder, 2018 - 2027F

6.2 Thailand Citric Acid Market, By Application

6.2.1 Overview and Analysis

6.2.2 Thailand Citric Acid Market Revenues & Volume, By Pharmaceutical, 2018 - 2027F

6.2.3 Thailand Citric Acid Market Revenues & Volume, By Food & beverages, 2018 - 2027F

6.2.4 Thailand Citric Acid Market Revenues & Volume, By Others, 2018 - 2027F

7 Thailand Citric Acid Market Import-Export Trade Statistics

7.1 Thailand Citric Acid Market Export to Major Countries

7.2 Thailand Citric Acid Market Imports from Major Countries

8 Thailand Citric Acid Market Key Performance Indicators

9 Thailand Citric Acid Market - Opportunity Assessment

9.1 Thailand Citric Acid Market Opportunity Assessment, By Form, 2020 & 2027F

9.2 Thailand Citric Acid Market Opportunity Assessment, By Application, 2020 & 2027F

10 Thailand Citric Acid Market - Competitive Landscape

10.1 Thailand Citric Acid Market Revenue Share, By Companies, 2020

10.2 Thailand Citric Acid Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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