Global Citric Acid Category - Procurement Market Intelligence Report

A holistic overview of the market coupled with in-depth analysis of the factors impacting the supply market is offered in this report. It also analyzes the consumers’ preference for this category based on the citric acid uses and benefits that help in determining the growth of this category.

  • Published: Oct 2018
  • Pages: 101
  • SKU: IRCMSTR15087
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Citric acid market overview

In todays competitive market, it is not enough to just stay afloat in the market but also to gain an edge above the competition. This ideology makes it necessary to stay abreast of all the factors that drive the demand and supply of a product, resulting in the optimal utilization of the growth promoting factors to make the most of the citric acid market. According to this procurement report, increasing usage of citric acid in food to produce natural and organic products will drive the category demand in the coming years. Moreover, the application of citric acid in food is also perceived to enhance its taste which is, thereby, prompting an increasing citric acid uses. This procurement report also offers detailed insights into the supply market, analyses the category growth based on the citric acid benefits, and identifies the key growth drivers to help the buyers procure citric acid at cost-effective rates.

Why should you buy the report?

This procurement report specifically addresses the day-to-day challenges faced by both the buyers and the suppliers in the citric acid market. Analysis of the market has enabled our procurement experts to identify the most lucrative regions for investments based on the various citric acid benefits and uses. It also offers a coverage of the sustainability practices and the risk management/mitigation strategies to improve category spend. In this procurement report, the category spend is analyzed from the perspective of the buyers and the suppliers.

Key insights offered in this report will help the buyers:

  • Understand the spend potential within the citric acid market
  • Assess the supply chain margins
  • Analyze the global and regional spend opportunity
  • Compare pricing models

Understand the global category spend for citric acid market      

Given the nature of the demand in this category, identification of regions and segments that exhibit favorable demand simplifies the market entry process for citric acid manufacturers. This procurement report, which is a part of SpendEdges chemicals category states that the pharmaceutical industry is leveraging the binding and stabilizing properties of this product to stabilize the pH levels in drugs. This is simultaneously resulting in an augmented category spend during the forecast years.

Additional insights offered in this procurement report include an analysis of:

  • Global spend on citric acid for the period of 2017-2022
  • Category hierarchy map
  • Category pricing strategies
  • Buyer and the supplier ecosystem

Optimize category spend for the citric acid market

Procuring from near-shore suppliers will benefit the buyers by offering them opportunities to negotiate for a favorable citric acid price based on the volume of products procured. Therefore, the buyers are advised to engage with suppliers who have facilities across the globe. This increases the chances of finding a supplier who is located at the vicinity of the buyers facility.

This citric acid procurement report also offers a coverage of:

  • Procurement organization objectives
  • Supplier and the buyer KPIs
  • Major category enablers

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Understand the citric acid supply landscape

In the citric acid supply market, production capabilities and capacity utilization rate are the two major parameters that must be considered to assess a supplier. An optimum capacity utilization rate will ensure the cost-effectiveness of citric acid while the ability to scale up production using spare capacity will empower the suppliers to cater to the buyers requirements even during demand surges.

This procurement report also identifies the major costs incurred by the suppliers and offers a coverage of:

  • Suppliers positioning strategy
  • Supplier evaluation criteria
  • Supplier ecosystem outlook

Build effective category management strategies for the citric acid market

The availability of cost-control opportunities, such as suppliers having in-house fleets play, is a key criterion considered by buyers while evaluating suppliers. Some suppliers provide effective R&D and technical support by researching on product formulations for citric acid and other ingredients for buyers. This reduces buyers' costs and improves their product quality.

Key insights offered in this procurement report on citric acid will help the buyers identify:

  • Global and regional category risks
  • Strategic sourcing metrics
  • Market environment score

An analysis of the top suppliers, analysis of citric acid uses and citric acid benefits, application of citric acid in food, and the best negotiation levers is offered in this procurement report.

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PART 01: Executive Summary

PART 02: Market Insights

  • Global category spend
  • Category spend growth
  • Spend segmentation by region
  • Regional spend dynamics
  • Regional influence on global spend
  • Regional spend opportunity for suppliers

PART 03: Category Pricing Insights

  • Pricing outlook
  • Supplier cost structure
  • Outlook for input costs
  • Total cost of ownership analysis
  • Overview of pricing models
  • Comparison of pricing models
  • Supply chain margins
  • Cost drivers impacting pricing
  • Volume drivers impacting pricing

PART 04: Cost-Saving Opportunities

  • Supplier-side levers
  • Buyer-side levers
  • Quantifying cost-saving opportunities
  • Quantifying cost savings by negotiation strategies

PART 05: Best Practices

  • Innovation and success stories
  • Procurement excellence best practices
  • Procurement best practices
  • Sustainability practices

PART 06: Category Ecosystem

  • Market favorability index for suppliers
  • Competitiveness index for suppliers
  • Buyer power
  • Supplier power
  • Threat of new entrants
  • Threat of substitutes
  • Buyer ecosystem
  • Supplier ecosystem

PART 07: Category Management Strategy

  • Category management objectives
  • Supplier and buyer KPIs
  • Outsourcing category management activities
  • Risk management

PART 08: Category Management Enablers

  • Procurement organization
  • Category enablers

PART 09: Suppliers Selection

  • RFx Essentials
  • Supplier selection criteria
  • Service Level Agreement
  • Incumbent supplier evaluation metrics

PART 10: Suppliers Under Coverage

  • Overview
  • Supplier positioning
  • Profile: Cargill
  • Profile: ADM
  • Profile: Tate & Lyle
  • Profile: Jungbunzlauer

PART 11: US Market Insights

  • Category spend in the US
  • Price outlook
  • Supplier cost structure in the US
  • Margins of suppliers in the US
  • Category cost drivers
  • Category volume drivers
  • Overview of best practices in the US
  • Procurement best practices in the US
  • US supply market overview
  • Supplier positioning for the US
  • Regional category risks

PART 12: Category Definition

  • Category hierarchy
  • Category scope
  • Category map

PART 13: Appendix

  • List of abbreviations
  • Key notes
  • Global category spend (2018-2023)
  • Category spend growth (2018-2023)
  • Regional spend dynamics
  • Regional spend dynamics
  • Comparison of category maturity across regions
  • Regional spend opportunity for suppliers (2018-2023)
  • Category pricing dynamics
  • Supplier cost breakup
  • Input cost dynamics
  • Total cost of ownership model
  • Benefit comparison of pricing models
  • Pricing models – comparison matrix
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Cost-saving opportunities: Supply-side levers
  • Cost-saving opportunities: Demand-side levers
  • Cost-saving opportunity matrix
  • Negotiation grid
  • Innovation and success stories
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management metrics
  • Strategic sourcing and category management metrics
  • Technology-facilitated procurement metrics
  • Procurement best practices dashboard
  • Sustainability practices: Impact on the category
  • Sustainability best practices
  • Market environment score
  • Market competitiveness score
  • Buyer power score
  • Supplier power score
  • Ease of market entry score
  • Ease of substitution score
  • Buyer ecosystem: Outlook
  • Supplier ecosystem: Outlook
  • Ecosystem disruption threats
  • Key category management objectives
  • Supplier KPI dashboard: Importance for the category
  • Buyer KPI dashboard: Importance for the category
  • Category management enablers
  • Risk management matrix
  • Category enablers: Procurement model
  • Category enablers: Technology
  • RFx questions
  • Phase I RFI considerations
  • SLA terms
  • Supplier performance benchmarking criteria
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Cargill – Key information dashboard
  • ADM – Key information dashboard
  • Tate & Lyle – Key information dashboard
  • Jungbunzlauer – Key information dashboard
  • US category spend (2018-2023)
  • Category pricing dynamics
  • Supplier cost breakup
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management
  • Strategic sourcing and category management
  • Technology-facilitated procurement
  • Procurement best practices dashboard
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Risk management matrix
  • Category definition
  • Category nuances
  • Importance of category relative to other categories

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

SpendEdge INSIGHTS

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