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Citric Acid Market Size

ID: MRFR//1211-CR | 132 Pages | Author: Snehal Singh| July 2023

Market Size Snapshot

YearValue
2023USD 3045.3 Billion
2030USD 4205.65 Billion
CAGR (2023-2030)4.12 %

Note โ€“ Market size depicts the revenue generated over the financial year

The citric acid market is expected to reach $ 4,205.65 billion by 2030, growing at a CAGR of 4.12% during the forecast period. The high growth rate of this market is mainly due to the wide range of applications of citric acid in the food and beverage industry, the pharmaceutical industry and the cosmetic industry. Also, the citric acid market is also driven by the growing demand for natural preservatives and natural flavor enhancers, as citric acid is recognized as safe and effective in prolonging the shelf life and improving the quality of products. There are many reasons for the rapid growth of the citric acid market. Firstly, the demand for organic and natural food has increased significantly, and citric acid is one of the main ingredients in these foods. Secondly, the use of citric acid in the cosmetic industry is increasing. Thirdly, with the development of production technology and equipment, the cost of citric acid has been reduced, and citric acid has become more and more popular. Fourthly, the major players in the citric acid industry, such as ADM, Cargill and Jungbunzlauer, have actively participated in research and development and have made great strides in technological innovation. Fifthly, the citric acid industry has been able to meet the requirements of sustainable development, which has further consolidated the development potential of the citric acid industry.

home-ubuntu-www-mrf_ne_design-batch-6-cp-citric-acid-market size

Regional Market Size

Regional Deep Dive

The Citric Acid Market is a worldwide market with a market size of $1,363,891,000 in 2025, driven by the increasing demand for citric acid in food and beverage applications, pharmaceuticals, and personal care products. The North American market is characterized by the strong presence of the leading manufacturers and the growing trend of natural and organic products. The European market is characterized by a strong regulatory framework in terms of food safety and quality, while the Asian market is characterized by rapid urbanization and industrialization, which is characterized by a strong rise in consumption. The Middle East and Africa are gradually adopting citric acid in various industries. Latin America is characterized by the agricultural advantages of the countries to increase the citric acid production capacity.

Europe

  • In Europe, the European Food Safety Authority (EFSA) has implemented stricter regulations on food additives, which has led to increased scrutiny and innovation in citric acid production processes among companies like Cargill and Jungbunzlauer.
  • The rise of plant-based diets in Europe is driving demand for citric acid as a natural preservative and flavor enhancer, leading to new product formulations in the food industry.

Asia Pacific

  • Asia-Pacific is witnessing significant investments in citric acid production, with companies like COFCO Biochemical and Weifang Ensign Industry Co., Ltd. expanding their manufacturing capabilities to cater to the growing local demand.
  • The region's rapid urbanization and changing consumer preferences are leading to increased use of citric acid in processed foods and beverages, particularly in countries like China and India.

Latin America

  • Latin America is leveraging its agricultural resources to boost citric acid production, with Brazil emerging as a key player in the market due to its citrus fruit cultivation.
  • The region is also witnessing a trend towards the use of citric acid in personal care products, driven by consumer preferences for natural and biodegradable ingredients.

North America

  • The North American market is seeing a shift towards sustainable sourcing of citric acid, with companies like Archer Daniels Midland (ADM) investing in eco-friendly production methods to meet consumer demand for natural ingredients.
  • Regulatory changes, particularly the FDA's focus on food safety, are prompting manufacturers to enhance their quality control processes, thereby increasing the overall market standards.

Middle East And Africa

  • In the Middle East and Africa, the market is being shaped by increasing awareness of food safety and quality, with local governments implementing regulations that encourage the use of citric acid as a preservative.
  • Key players like Citric Acid Co. in Egypt are focusing on expanding their production capacity to meet the rising demand from both domestic and export markets.

Did You Know?

โ€œDid you know that citric acid is not only a popular food additive but also plays a crucial role in the production of biodegradable plastics, making it a versatile compound in various industries?โ€ โ€” International Journal of Biological Macromolecules

Segmental Market Size

The citric acid market is dominated by the food and beverage sector, which is growing steadily as a result of the increased demand for natural preservatives and flavour enhancers. The main drivers of the market are the growing health awareness of consumers, which has led to a preference for natural and organic ingredients, and the stricter food safety regulations, which encourage the use of citric acid as a safe preservative. The growing popularity of vegetarian and vegan diets also drives the demand for citric acid, as it is widely used to improve the flavour and shelf life of plant-based foods. The use of citric acid in various applications is now at a mature stage, with major companies such as Archer Daniels Midland and Cargill leading in production and innovation. The main applications of citric acid are in soft drinks, sweets and dairy products, where it is used as a preservative and flavour enhancer. The demand is growing steadily, driven by the increased demand for organic and natural products. The increasing transparency of food ingredients is driven by macro-economic trends such as the sustainable development goals and the clean label trend. The technological developments in the production of citric acid, such as the use of fermentation and biotechnology, are making the process more efficient and sustainable.

Future Outlook

The citric acid market is expected to increase significantly between 2023 and 2030, from $2,976 million to $3,913 million, with a CAGR of 4.36%. The citric acid market is driven by the growing demand for citric acid in various industries, such as food and beverage, pharmaceuticals, and cosmetics. As consumers are increasingly concerned about their health, citric acid will be used more and more in these industries. The penetration rate of citric acid in the food industry is expected to exceed 31% by 2030, driven by the trend of consumers' health consciousness and the demand for clean labels. The key technological changes and policy drivers will also affect the market. The development of bio-fermentation and bio-processing has made citric acid more available and cost-effective. Also, the restrictions on the use of chemical additives will increase the demand for natural alternatives, which will lead to a rise in the use of citric acid. Also, the trend of plant-based diets and the use of citric acid in personal care products will also contribute to the market growth. In general, the citric acid market is expected to be prosperous, driven by the trend of consumers' health consciousness and the sound policy environment.

Covered Aspects:
Report Attribute/Metric Details
Growth Rate 4.12 % (2024-2030)
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