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Report Overview

The global citric acid market size stood at a volume of around 2.70 Million Tons in 2023. The market is assessed to grow at a CAGR of 4.10% in the forecast period of 2024-2032 to reach nearly 3.88 Million Tons by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • The global production of citric acid is currently estimated at 1.6 million tonnes annually, with 99% of this total being manufactured through microbial fermentation.
  • In 2022, the leading importers of citric acid were the United States, Germany, Mexico, India, and the Netherlands.
  • About 99% of the global manufactured citric acid supply is typically produced using the black mould fungus, Aspergillus niger.

Citric acid is a weak organic acid that is naturally found in citrus fruits like lemons, limes, oranges, and grapefruits. Its chemical formula is C6H8O7. It is well-known for its sour taste and is commonly used as a flavour enhancer and preservative in food and beverages. Beyond its culinary uses, citric acid is also used in cleaning agents, cosmetics, and pharmaceuticals, often for its ability to adjust acidity or stabilise other ingredients.

The market is currently being driven by the growing application of citric acid in several food and non-food industries such as beverages, confectioneries, convenience foods, dairy, pharmaceuticals, personal care and cosmetics, detergents and cleansers, and feed, among others. The growing consumer demand for RTD (ready-to-drink) beverages and processed foods is significantly aiding the citric acid market growth.

Citric Acid Market

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Key Trends and Developments

Global Citric Acid Market Trends

The primary driver for the citric acid market growth is the booming global food and beverage industry. Citric acid's ability to naturally preserve food and enhance flavour continuity is indispensable, particularly in the manufacturing of soft drinks, fruit juices, and candies. Its demand is further reinforced by the rising consumer preference for food products with extended shelf lives and improved taste profiles.

In the pharmaceutical industry, citric acid is utilised for its properties as an acidulant, helping to stabilise active ingredients and adjust pH levels in medicines, making it essential for ensuring the effectiveness and stability of formulations. The growing pharmaceutical sector worldwide, supported by an ageing population and increasing healthcare spending, is driving the citric acid market expansion.

Citric Acid Market by Segments

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Market Segmentation

“Global Citric Acid Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Form

  • Anhydrous
  • Liquid

Market Breakup by Application

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

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Increasing application of anhydrous citric acid owing to its advantageous and stable properties is aiding the market

Anhydrous citric acid, a dry, powdered form of citric acid that is favoured for its stability and ease of storage and handling, is commonly used across multiple industries. This form is especially popular in food and beverage, pharmaceuticals, and cleaning products due to its concentrated properties. It is highly effective as a preservative, acidulant, and flavour enhancer, particularly in solid and dry formulations.

The food and beverage sector dominates the citric acid market share

The food and beverages sector represents the primary application for citric acid within the market. This compound is extensively utilised as a flavour enhancer, preservative, and acidulant across a diverse range of food products, such as soft drinks, candies, and baked goods. Its natural preservation qualities and ability to deliver a pleasing acidic flavour are essential, making it a vital ingredient in this industry.

Competitive Landscape

Major citric acid market players are increasingly adopting the latest technologies to enhance production capabilities

Archer Daniels Midland Company

Archer Daniels Midland Company (ADM) is a multinational food processing and commodities trading corporation. Founded in 1902, ADM is headquartered in Chicago, Illinois, USA. The company operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products used in the food, beverage, nutraceutical, industrial, and animal feed markets globally.

Cargill, Incorporated

Cargill is one of the largest privately-held corporations in the United States in terms of revenue. It was fou...

Tate & Lyle PLC

Tate & Lyle PLC is a British-based global provider of ingredients and solutions to the food, beverage, and oth...

Jungbunzlauer Suisse AG

Jungbunzlauer Suisse AG is a leading producer of biodegradable ingredients of natural origin. The company was ...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other key players in the global citric acid market are COFCO, among others.

Many companies in the citric acid market are increasing their production capacities to meet the rising demand for citric acid in various industries such as food and beverages, pharmaceuticals, and personal care. By upgrading existing plants or building new facilities, these companies can ensure a steady supply of citric acid to their global clientele.

Moreover, players in the market are adopting advanced fermentation technologies that enhance yield and reduce waste. Additionally, some are exploring the use of genetically modified organisms (GMOs) to increase fermentation efficiency, although this approach is subject to regulatory approvals and public acceptance.

Citric Acid Market by Region

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Global Citric Acid Market Analysis by Region

The Asia Pacific holds a major portion of the global citric acid market share. This dominance can be attributed to several factors. Countries in the region, especially China and India, have experienced significant industrial growth, which includes the food and beverage industry, pharmaceuticals, and cosmetics—all major users of citric acid.

Moreover, the growing middle class in these regions has led to increased demand for processed and convenience foods, where citric acid is often used as a preservative and flavouring agent.

Citric Acid Market Report Snapshots

Citric Acid Market Size

Citric Acid Market Trends

Citric Acid Market Regional Analysis

Citric Acid Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market reached an approximate volume of 2.70 Million Tons.

The market is estimated to grow at a CAGR of 4.10% between 2024 and 2032.

The market is estimated to witness healthy growth during 2024-2032 to reach around 3.88 Million Tons by 2032.

The major drivers of the market include growing demand for citric acid from the food and beverage sector, improving living standards, and growing consumer demand for cosmetics.

The increasing demand for low-calorie RTD beverages and rapid urbanisation are key trends guiding the growth of the market.

The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Anhydrous and liquid are the major forms of citric acid in the market.

The different applications of citric acid are food and beverages, household detergents and cleaners, and pharmaceuticals, among others.

The major players in the market are Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle, Jungbunzlauer Suisse AG, and COFCO, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Form
  • Application
  • Region
Breakup by Form
  • Anhydrous
  • Liquid
Breakup by Application
  • Food and Beverages
  • Household Detergents and Cleaners
  • Pharmaceuticals
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Archer Daniels Midland Company 
  • Cargill, Incorporated
  • Tate & Lyle
  • Jungbunzlauer Suisse AG
  • COFCO 
  • Others
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40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

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6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124