Citric Acid Market
Description
The global citric acid market has been witnessing steady growth over the past few years. Citric acid is a weak organic acid that is present in citric fruits such as lemons and limes. It is used as an acidulant and preservative in various food and beverage products. In addition to food & beverages, citric acid finds application across industries such as pharmaceuticals, personal care & cosmetics, detergents & cleaners, and others. It helps enhance flavour and acts as a natural preservative while also providing antimicrobial properties. With rising health-consciousness among consumers, demand for natural and organic ingredients is growing significantly globally. This is expected to drive the demand for citric acid over the coming years.
Market Dynamics
The global citric acid market is driven by the growing demand from the food & beverage industry. Versatility and cost-effectiveness of citric acid as a preservative and flavouring agent has led to its widespread usage in beverages, confectionery, bakery products, and others. However, fluctuating supply of raw materials due to climatic changes has led to inconsistent supply and price volatility of citric acid over the past decade, restraining the market growth. To overcome this challenge, manufacturers are exploring alternatives sources for deriving citric acid such as fungal fermentation which is opening new opportunities. The development of deeper applications of citric acid across industries like pharmaceuticals and personal care through advancements in material science also presents lucrative opportunities. The market is driven by the increasing demand in various industries and is influenced by multiple factors including market segmentation, key players, and regional outlook.
Key Features of the Study
Market Dynamics
The global citric acid market is driven by the growing demand from the food & beverage industry. Versatility and cost-effectiveness of citric acid as a preservative and flavouring agent has led to its widespread usage in beverages, confectionery, bakery products, and others. However, fluctuating supply of raw materials due to climatic changes has led to inconsistent supply and price volatility of citric acid over the past decade, restraining the market growth. To overcome this challenge, manufacturers are exploring alternatives sources for deriving citric acid such as fungal fermentation which is opening new opportunities. The development of deeper applications of citric acid across industries like pharmaceuticals and personal care through advancements in material science also presents lucrative opportunities. The market is driven by the increasing demand in various industries and is influenced by multiple factors including market segmentation, key players, and regional outlook.
Key Features of the Study
- This report provides an in-depth analysis of the global citric acid market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global citric acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Archer Daniels Midland Company, Jungbunzlauer Suisse AG, Basel, Pfizer Inc., Shandong Juxian Hongde Citric Acid Co. Ltd., Delek Group, Cargill, Incorporated, Weifang Ensign Industry Co., Ltd., Tate & Lyle plc., COFCO Biochemical (AnHui) Co. Ltd., and RZBC GROUP.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global citric acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global citric acid market.
- By Form
- Powder
- Anhydrous
- Monohydrous
- Liquid
- By Grade
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
- By Application
- Acidulant
- Cleaning Agent
- Binding Agent
- Preservative
- Others
- By End-use Industry
- Food & Beverages
- Bakery & Confectionery
- Dairy
- Convenience Food
- Beverages
- Jams & Preserve
- Other
- Pharmaceutical/Personal Care
- Animal Feed
- Metal Finishing & Cleaning
- Others
- By Region
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Archer Daniels Midland Company
- Jungbunzlauer Suisse AG, Basel
- Pfizer Inc.
- Shandong Juxian Hongde Citric Acid Co. Ltd.
- Delek Group
- Cargill, Incorporated
- Weifang Ensign Industry Co., Ltd.
- Tate & Lyle plc.
- COFCO Biochemical (AnHui) Co. Ltd.
- RZBC GROUP
Table of Contents
140 Pages
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Forms
- Market Snippet, By Grade
- Market Snippet, By Application
- Market Snippet, By End-use Industry
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Rising demand for convenience food & beverage products
- Rising demand from personal care and pharmaceutical industries
- Restraints
- Side-effects associated with the excessive consumption of citric acid
- Stringent regulations pertaining to usage of citric acid
- Opportunities
- Increasing consumption in developing countries
- Product portfolio expansion
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- 4. Global Citric Acid Market, By Forms, 2020 –2032 (USD Bn)
- Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 – 2032
- Segment Trends
- Powder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- Anhydrous
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- Monohydrous
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- Liquid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- 5. Global Citric Acid Market, By Grade, 2020 –2032 (USD Bn)
- Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 – 2032
- Segment Trends
- Food Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- Industrial Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- Pharmaceutical Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- 6. Global Citric Acid Market, By Application, 2020 –2032 (USD Bn)
- Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 – 2032
- Segment Trends
- Acidulant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- Cleaning Agent
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- Binding Agent
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- Preservative
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- 7. Global Citric Acid Market, By End-use Industry, 2020 –2032 (USD Bn)
- Introduction
- Market Share Analysis, 2025, 2028, and 2032 (%)
- Y-o-Y Growth Analysis, 2021 – 2032
- Segment Trends
- Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- Sub-segment Trends
- Bakery & Confectionery
- Dairy
- Convenience Food
- Beverages
- Jams & Preserves
- Others
- Pharmaceutical/Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- Animal Feed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- Metal Finishing & Cleaning
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 –2032, (USD Bn)
- 8. Global Citric Acid Market, By Region, 2020 –2032 (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, By Region, 2021 – 2032
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Grade, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 – 2032, (USD Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Grade, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 – 2032, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Grade, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 – 2032, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Grade, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 – 2032, (USD Bn)
- Brazil
- Argentina
- Mexico
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Grade, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2020 –2032, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2020 – 2032, (USD Bn)
- Middle East
- Africa
- 9. Competitive Landscape
- Company Profiles
- Archer Daniels Midland Company
- Company Highlights
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Jungbunzlauer Suisse AG, Basel
- Company Highlights
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Pfizer Inc.
- Company Highlights
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Shandong Juxian Hongde Citric Acid Co. Ltd.
- Company Highlights
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Delek Group
- Company Highlights
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Cargill, Incorporated
- Company Highlights
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Weifang Ensign Industry Co., Ltd.
- Company Highlights
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Tate & Lyle plc.
- Company Highlights
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- COFCO Biochemical (AnHui) Co. Ltd.
- Company Highlights
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- 10. Section
- References
- Research Methodology
- About us
- * Browse 50 market data tables* and 40 figures* on Citric Acid Market” - Global forecast to 2032.
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