Citric Acid Market Size, Share, Analysis and Forecast 2022-2027

According to IMARC Group's latest report, titled "Citric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global market reached a volume of 2.7 Million Tons in 2021. Citric acid is an organic compound naturally found in lemons and other citrus foods. It is mainly used to control the growth of microorganisms and for inducing sourness and pH adjustment in various goods due to its acidic properties. In the food and beverage industry, citric acid is primarily used as an acidulant in carbonated drinks. Apart from this, the compound is used in household cleaners and detergents as a co-builder in concentrated liquid detergents with zeolite builder systems.

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The rising demand for citric acid in food items, adhesives and sealants, personal care products, and plastic and polymers, owing to its numerous advantages, is one of the key factors primarily driving the market growth. In line with this, the increasing awareness regarding the adverse effects caused by chemicals has resulted in a significant consumer shift towards organic compounds, such as citric acid, which is further creating a positive outlook for the market. Besides this, the extensive product utilization in the pharmaceutical sector to produce digestive medicines and the increasing demand for ready-to-drink (RTD) beverages and processed foods are supporting the market growth. Looking forward, IMARC Group expects the citric acid market to reach 3.2 Million Tons by 2027, exhibiting a CAGR of 3.3% during 2022-2027.

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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:

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.

Market Segmentation:

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, Others)

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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