The global market for citric acid is projected to have a considerable CAGR of around 4.5% during the forecast period. Citric acid is a weak and highly soluble organic acid found mostly in citrus fruits such as lemons. It is a natural preservative due to its ability to inhibit bacterial growth in foods. Citric acid is most commonly used as a chelating, a flavouring, and an acidifying agent. Citric acid’s market continues to expand, owing to the ingredient’s growing use as a preservative, acidulant, binding and buffering agent, an antioxidant in both food and non-food applications. Citric acid is also increasingly finding use as a cleaning agent after the ban imposed on phosphates in several regions. Citric acid-based products are being introduced into a variety of market segments, including confectionery, diabetic baked goods, ice creams, low-calorie jellies, low-calorie sugar, nutritional beverages and snacks, and low-fat dairy products. The increased demand for these products is likely to boost consumer demand.
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The COVID-19 pandemic has had a positive impact on the market. The COVID-19 pandemic caused a supply-demand mismatch, and people all over the world continued to stockpile food supplies to preserve them, with citric acid playing a key part. As a result, citric acid was in high demand during the COVID-19 pandemic.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Citric acid Market by Form
- Liquid
- Anhydrous
Global Citric acid Market by Application
- Food and beverage
- Pharmaceutical
- Personal Care
- Other (Household Detergents and Cleaners)
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- ASEAN
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Archer Daniels Midland (ADM) Company
- Cargill, Inc
- Cofco Biochemical
- Foodchem International Corporation
- Gadot Biochemical Industries
- Hawkins Pharmaceutical Group
- Huangshi Xinghua Biochemical Co. Ltd.
- Jungbunzlauer Suisse AG
- Kenko Corp
- Merck KGaA
- Metagenics
- MP Biomedicals, Inc
- Pfizer, Inc.
- Posy Pharmachem Pvt Ltd
- RZBC Group Co. Ltd.
- A. Citrique Belge N.V.
- Saudi Bio-Acids Company
- Tate & Lyle plc
- TTCA Co., Ltd
- Ensign Industry Co., Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Citric acid market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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