Niir Project Consultancy Services (NPCS) through its network of project consultants in a wide range of business and technological disciplines is engaged in providing services to its clients by way of preparation of project reports. We provide the pre-investment information and business plans required for promoters, business leaders, young entrepreneurs, women entrepreneurs, investors, NRI (Non Resident India), startups, professionals looking to start their own venture. The comprehensive project profile reports cover all the aspects of business, from analyzing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. the scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet, break-even point, rate of return (ROR), etc. the DPR is formulated by highly accomplished and experienced consultants and the market research and analysis are supported by a panel of experts and digitized data bank.

Citric Acid Production Business Plan

Capacity 100 MT Per Day Plant and Machinery cost 8400.00 Lakhs
Working Capital 0.00 Rate of Return (ROR) 26.00 %
Break Even Point (BEP) 38.00 % TCI 0.00 Lakhs
Cost of Project 13200.00Lakhs


Citrus fruits have a sour taste due to citric acid, which is a naturally occurring organic chemical. It can also be utilised in a variety of industrial applications, making it a vital component of a variety of businesses ranging from food and beverage production to personal care goods and chemical production.

Citric acid (C6H8O7, 2-hydroxy-1,2,3-propane tricarboxylic acid), a naturally occurring metabolite of plants and animals, is the most versatile and commonly utilised organic acid in the food and pharmaceutical industries (60 percent) (10 percent ). It has a number of different uses in a variety of fields.

Currently, global citric acid output is expected to be around 736000 tonnes per year (TPA). Almost all of Brazil's citric acid requirement is fulfilled through imports. Its use is increasing steadily (3-4%) year after year, indicating the necessity for new manufacturing options.

Citric acid is a form of salt that is used to give meals a sour flavour. It's also found in a variety of preservatives and food additives. Cleaning agents and personal care products such as soaps and toothpaste are among the other uses.


Citrus fruits, such as lemons, limes, and oranges, can be used to extract it. It's used in a variety of foods to keep them fresh and enhance flavour. It's also found in cosmetics and cleaning products. It's used in soft drinks, jams, jellies, candies, and a variety of other foods as an acidity regulator or firming agent.

Citric acid is also commonly found in body lotions and soaps. It's sometimes found in hand sanitizers because of its antibacterial characteristics. Citric acid is widely used in the food and pharmaceutical industries due to its widespread safety, pleasant acid taste, high water solubility, and chelating and buffering capabilities.

It's also utilised as a buffer in cosmetics and toiletries, as well as in a wide range of industrial applications. Although most people identify citric acid with fruit, it has a wide range of non-edible applications. Because of its capacity to remove stains on a range of surfaces, it's frequently utilised in cleaning solutions. It can also be used as a preservative in certain types of paint and colours.

Citric acid is used in some leather tanning solutions to soften hides and make them more malleable during the tanning process. It's also widely used to eliminate oxidation and rust in metalworking solutions. Citric acid comes in a variety of grades, each with its own purity degree and intended application. Our project reports are a good place to start if you want to establish a business generating one of these classes.


Why You Should Start a Business in This Industry?

Citric acid production and distribution is a rapidly expanding part of the chemical industry. Citric acid's sale price has continued to climb, and enterprises looking to extend their product lines have an increasing variety of options.

You can easily generate and distribute citric acid, which is present naturally in citrus fruits such as lemons, limes, oranges, grapefruits, and more, which is one of the main reasons why you should consider beginning a business in this area.

It's simple to manufacture on a huge scale, and it's safe to carry because it's not very combustible or explosive. Outside of food, citric acid has a variety of applications, including medicine (as an antibacterial), cosmetics (as a preservative), and even animal feed.

When compared to other compounds utilised in these applications, it's also less expensive. Finally, starting your own firm making and selling citric acid has a lot of possibilities for financial growth.

India Citric Acid Market Outlook:

In 2020, the Indian citric acid market is expected to reach 80,800 metric tonnes. During the years 2021-2026, the market is estimated to develop at a CAGR of 5.7 percent.

It is used in the food sector as a flavouring and preservative agent and has a sour taste. Aside from that, citric acid is used for a variety of things, including inhibiting the growth of bacteria and making personal care and cosmetics. It's also utilised in the production of a variety of pharmaceuticals and health supplements that help the body's metabolism and nutrition absorption.

India's market is primarily driven by the pharmaceutical industry's rapid expansion. Moreover, a number of significant firms across the country are pursuing mergers and acquisitions (M&A) in order to capitalise on the market's numerous development potential. The increased usage of citric acid in the food and beverage industry, as well as intensive research and development (R&D) efforts, are some of the key factors driving market expansion.

Global Market Outlook:

Citric acid sales were valued at US$ 2,756.5 million in 2015, and are expected to reach US$ 4,494.8 million by 2026. During the projection period (2016–2026), sales revenue is expected to grow at a CAGR of 4.6 percent.

During the forecast period, the market is expected to grow at a CAGR of 3.7 percent in terms of volume.

Due to a variety of health concerns, consumers prefer goods that contain plant-based natural components. This is driving up demand for citric acid around the world.

Increased use of citric acid as a cleaning agent as a result of phosphate bans in some countries is also predicted to boost market demand in the near future.

Citric acid is utilised in the production of convenience foods and beverages because it adds acidity, works as a preservative, contains antioxidants, and enhances flavour, all of which are predicted to boost market demand in the near future.

Industry Major Market Players:

·         Archer Daniels Midland Company

·         Cargill, Incorporated

·         Tate & Lyle PLC

·         Jungbunzlauer Suisse AG

·         Cofco Biochemical (Anhui) Co., Ltd.

·         Huangshi Xinghua Biochemical Co. Ltd.

·         RZBC Group Co. Ltd.

·         Weifang Ensign Industry Co., Ltd.

·         Gadot Biochemical Industries Ltd.

·         S.A. Citrique Belge N.V.


  • One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
  • One Crore is equivalent to ten million (10,000,000)
  • T.C.I is Total Capital Investment
  • We can modify the project capacity and project cost as per your requirement.
  • We can also prepare project report on any subject as per your requirement.
  • Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.



NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,  Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

NPCS also publishes varies process technology, technical, reference, self employment and startup books, directory, business and industry database, bankable detailed project report, market research report on various industries, small scale industry and profit making business. Besides being used by manufacturers, industrialists and entrepreneurs, our publications are also used by professionals including project engineers, information services bureau, consultants and project consultancy firms as one of the input in their research.

Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.


And before diversifying/venturing into any product, wish to study the following aspects of the identified product:

• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period

We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.


The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?

The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.

Reasons for buying the report:

• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

• This report provides vital information on the product like its definition, characteristics and segmentation.

• This report helps you market and place the product correctly by identifying the target customer group of the product.

• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.

• The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.


Our Approach:

• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.

• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players. 

• We use reliable sources of information and databases.  And information from such sources is processed by us and included in the report.


Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:



Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications


Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity


Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers


Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel


Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)


Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram


Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities


Project at a Glance

Along with financial details as under:


  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital


  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals


                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios


                Earnings Per Share (EPS)


             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 


  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR