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Global Citric Acid Market is predicted to reach USD 4,205.65 million at a CAGR of 4.12% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Citric Acid Market” that contains information from 2022 to 2030. The Global Citric acid Market is estimated to register a CAGR of 4.12% during the forecast period of 2022 to 2030.


MRFR recognizes the following companies as the key players in the Global Citric acid Market— Tate & Lyle, Jungbunzlauer Suisse, Cofco Biochemical, Citrique Belge, RZBC Group Co. Ltd, Cargill Incorporated, Pfizer Inc, Archer Daniels Midland Company Co Ltd, Huangshi Xinghua Biochemical Co.Ltd, Weifang Ensign Industry Co, Ltd, Gadot Biochemical Industries Ltd.


Citric Acid Market Highlights


Global Citric Acid Market is accounted to register a CAGR of 4.12% during the forecast period and is estimated to reach USD 4,205.65 Million by 2030.


Citric acid is a natural organic acid found in various fruits, particularly citrus fruits such as lemons, limes, oranges, and grapefruits. It is a weak acid with the chemical formula C₆H₈O₇ and is commonly used as a food additive due to its sour taste and preservative properties. In its pure form, citric acid appears as a white crystalline powder with a tart flavor. It is highly soluble in water, which makes it convenient for use in various applications. Citric acid is widely used in the food and beverage industry as a flavoring agent, pH adjuster, and preservative. It adds a sour taste to foods and beverages, enhances the flavors of certain fruits and candies, and helps extend the shelf life of processed foods by preventing bacterial growth.


Segment Analysis


The Global Citric Acid Market has been segmented based on Form, Function, and Application.


Based on Form, the market is segmented into Anhydrous and Liquid. The Anhydrous category dominates the Citric acid market due to its versatility and extended shelf life.


Based on Function, the market is segmented into Acidulant, Antioxidant, Preservative, and Flavouring Agent. The Acidulant dominates the Citric acid market due to its versatile and widely used nature in the food and beverage industry for flavor enhancement and pH adjustment.


Based on Application, the market is segmented into Food Beverages (Beverages; Bakery Confectionery; Sweet Savoury Snacks; Soups, Sauces, and Dressings, RTE RTC Meals, and Others), Pharmaceuticals & Nutraceuticals, Personal Care, and Others. The Food Beverages category dominates the Citric acid market due to its wide application as a flavor enhancer and acidulant in various food and beverage products.


Regional Analysis


The Global Citric Acid Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Citric Acid Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Citric Acid Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Citric Acid Market comprises of Middle East, Africa, and Latin America.


During the forecast period, the Asia-Pacific Citric Acid Market is projected to be the largest and fastest-growing region. The growth of various industries such as food and beverages, pharmaceuticals and nutraceuticals, and personal care, along with the demand for natural additives in these sectors, is expected to drive the expansion of the Citric Acid Market. China, being one of the largest consumers and exporters of citric acid, held a significant market share globally as of 2022. Relaxed investment regulations, low production costs, and the availability of inexpensive labor in China contribute to the growth of end-use industries, thereby stimulating product demand throughout the forecast period.


Key Findings of the Study



  • The Global Citric Acid Market is expected to reach USD 4,205.65 Million by 2030, at a CAGR of 4.12% during the forecast period.

  • The Asia-Pacific Citric Acid Market is anticipated to emerge as the largest and fastest-growing. The market's growth is attributed to various industries such as food and beverages, pharmaceuticals and nutraceuticals, and personal care, which are witnessing significant growth and demand for natural additives.

  • Based on the Form, the Market has been segmented into Anhydrous holding the largest market in 2022.

  • Tate & Lyle, Jungbunzlauer Suisse, Cofco Biochemical, Citrique Belge, RZBC Group Co. Ltd, Cargill Incorporated, Pfizer Inc, Archer Daniels Midland Company Co Ltd, Huangshi Xinghua Biochemical Co.Ltd, Weifang Ensign Industry Co, Ltd, Gadot Biochemical Industries Ltd.

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Report details
Companies Covered 15
Pages 132
Certified Global Research Member
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