China Citric Acid Market Report 2023-2028: Share, Size and Forecast

According to the latest report by IMARC Group, titled "China Citric Acid Market Report by Application (Food and Beverages, Household Detergents and Cleaners, Pharmaceuticals, and Others), Form (Anhydrous, Liquid), and Region 2023-2028." The China citric acid market size reached 334,000 Tons in 2022. Looking forward, IMARC Group expects the market to reach 432,300 Tons by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Citric acid represents a naturally found substance in citrus fruits, such as oranges, grapefruits, lemon, and pomelos, and can also be synthetically manufactured using Aspergillus niger, a fungus, via the process of fermentation. Characterized by a sour taste, it is utilized in the food industry as a preserving and flavoring agent. Citric acid is used for various purposes, including controlling the growth of microorganisms and manufacturing cosmetics and personal care products. In addition, it is also utilized for producing several medicines and health supplements to improve metabolism and enhance nutrient absorption in the human body. As a result, citric acid aids in improving energy levels, detoxification, and promoting healthy digestion and kidney function.

China Citric Acid Market Trends and Drivers:

Significant expansion in the food and beverage (F&B) industry and the escalating demand for ready-to-drink (RTD) beverages and processed meals, on account of the inflating disposable incomes, the emerging trend of urbanization, and hectic lifestyles of consumers, are among the primary factors driving the China citric acid market. Besides this, the elevating product requirement in various cosmetics and personal care derivatives, such as facial packs and masks, to naturally brighten and lighten the skin tone, reduce oiliness and breakouts, and regenerate dead skin cells is further augmenting the market growth. Moreover, the growing popularity of citric acid in household detergents and cleaners, coatings, adhesives and sealants, plastics and polymers, pharmaceuticals, clinical nutrition, pet food items, etc., is also catalyzing the market across China. Apart from this, the extensive product utilization as an additive, preservative, flavoring, and coloring agent is expected to bolster the China citric acid market in the coming years.  

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Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Application:

Food and Beverages
Household Detergents and Cleaners
Pharmaceuticals
Others

Breakup by Form:

Anhydrous
Liquid

Breakup by Region:

North and Northeast
Northwest
East
South Central
Southwest

Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.