menu
Citric Acid Market Share, Trends, Growth and Forecast 2023-2028
Global citric acid market reached a volume of 2.7 million Tons in 2022. Looking forward, IMARC Group expects the market to reach 3.2 million Tons by 2028, exhibiting a CAGR of 3.3% during 2023-2028.

Citric Acid Market Outlook

Citric acid represents the organic acid that is generally found in the juice of several citrus fruits, such as oranges, limes, lemons, etc. It helps in improving metabolism and enhancing nutrient absorption in the human body. Citric acid is extensively utilized as an acidulant in carbonated soft drinks across the food and beverage (F&B) industry. Besides this, it also finds wide-ranging applications in detergent manufacturing as it provides a safer formulation than phosphates.

What was the size of the global citric acid market in 2022?

The global citric acid market reached a volume of 2.7 million Tons in 2022. Looking forward, IMARC Group expects the market to reach 3.2 million Tons by 2028, exhibiting a CAGR of 3.3% during 2023-2028.

Request for a PDF sample of this report: https://www.imarcgroup.com/citric-acid-manufacturing-plant/requestsample

Citric Acid Market Trends

The elevating product demand as an additive in the production of adhesives, personal care products, sealants, plastics, polymers, coatings, inks, etc., is primarily driving the citric acid market. Apart from this, the launch of numerous favorable initiatives by government bodies across the globe to prohibit the utilization of phosphate-based detergents and cleaning agents is further bolstering the market growth.

Moreover, the rising investments in research and development (R&D) activities aimed at developing citric acid-based polymers with enhanced mechanical properties, unique photoluminescent capabilities, nanoporous features, etc., are also augmenting the global market. In addition to this, the growing consumer awareness towards the adverse effects of chemicals utilized in daily use products is propelling the demand for organic variants. This, in turn, is anticipated to fuel the citric acid market over the forecasted period.

Buy Citric Acid Market Report Now: https://www.imarcgroup.com/checkout?id=642&method=1

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

The global citric acid industry is concentrated in nature with a few major players controlling most of the market.

  • Archer Daniels Midland Company
  • Cargill, Incorporated
  • Tate & Lyle PLC
  • Jungbunzlauer Suisse AG
  • Cofco Biochemical (Anhui) Co., Ltd.
  • Huangshi Xinghua Biochemical Co. Ltd.
  • RZBC Group Co. Ltd.
  • Weifang Ensign Industry Co., Ltd.
  • Gadot Biochemical Industries Ltd.
  • A. Citrique Belge N.V.

Key Market Segmentation Based On:

The report has categorized the market based on application and form.

Breakup by Application:

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

Breakup by Form:

  • Ice Creams
  • Jams
  • Jellies
  • Canned Foods
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=642&flag=C

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Related Reports by IMARC Group:

RNA Interference (RNAi) Drug Delivery Market: https://www.marketwatch.com/press-release/rna-interference-rnai-drug-delivery-market-size-share-and-analysis-2022-2027-2023-01-02 

Latin America Laboratory Automation Market: https://www.marketwatch.com/press-release/latin-america-laboratory-automation-market-size-share-trends-and-analysis-2022-2027-2023-01-02

United States Wi-Fi Chipset Market: https://www.marketwatch.com/press-release/united-states-wi-fi-chipset-market-share-growth-factors-and-forecast-2022-2027-2023-01-02

Motor Control Centers Market: https://www.marketwatch.com/press-release/motor-control-centers-market-size-share-trends-and-analysis-report-2022-2027-2023-01-02

Courier, Express and Parcel (CEP) Market: https://www.marketwatch.com/press-release/courier-express-and-parcel-cep-market-share-size-growth-and-forecast-2022-2027-2023-01-02

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group

30 N Gould St Ste R

Sheridan, WY 82801 USA

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800