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Emerging Trends to Reshape the Citric Acid Market: Low-Calorie Rtd Beverages Fuel Citric Acid Market as a Key Influencer
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.Citric Acid Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a robust expansion in the size of the citric acid market in the previous years. The projected growth is from $4.51 billion in 2024 to $4.88 billion in 2025 with a compound annual growth rate (CAGR) of 8.2%. The notable rise observed in the past years can be credited to the enhancing food and beverage industry, growth in pharmaceutical uses, increased utilization as a cleaning and chelating agent, expansion in preservation and flavoring, and rising industrial applications.
Citric Acid Market Size Forecast: What's the Projected Valuation by 2029?
The market size for citric acid is projected to witness robust expansion in the upcoming years, rising to a valuation of $6.93 billion by 2029, with a compound annual growth rate (CAGR) pegged at 9.1%. This projected growth during the forecast period is credited to the escalating demand for clean-label products, sustainable procurement, biodegradable polymers, and an expanding appetite for personal care and cosmetics products, coupled with the growth in emerging markets. Key trends projected to influence the market during the forecast period consist of initiatives centered around green chemistry, customized solutions, advancements in technology, novelty in specialty chemicals, and strategic partnerships.
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What Are the Drivers Transforming the Citric Acid Market?
The escalating demand for safer food is anticipated to propel the citric acid market's expansion. Fruits and vegetables, which are rich in nutrients like vitamin C, thiamine, niacin, pyridoxine, folic acid, minerals, and fiber, are primary sources. Citric Acid is deemed safe for food; however, these fruits and vegetables may be tainted with harmful substances both before and after harvest. Rising consciousness about food safety for maintaining healthy lifestyle is evident among people. Citing a report by the World Health Organization, a Swiss-based global health entity, in May 2022, every year, roughly 600 million individuals, equating to almost one tenth of the world's population, fall sick due to contaminated food. This results in 420,000 fatalities, reducing healthy life years by 33 million. Unsafe food leads to a loss of USD 110 billion annually in productivity and medical costs in low- to middle-income countries. Kids under five years bear 40% of the foodborne disease-related issues, with 125,000 deaths occurring annually. As a result, the necessity for safe food is fueling the growth of the citric acid market.
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What Long-Term Trends Will Define the Future of the Citric Acid Market?
The rising demand for low-calorie Ready-To-Drink (RTD) beverages is moulding the future of the citric acid market. The reduced calorie content in these beverages promotes heart health, strengthens immunity, and enhances energy levels. Consider Coca-Cola, a US beverage company, which in February 2022, introduced a unique limited-time flavor, Fanta Dragon Fruit Zero Sugar. This beverage, free from caffeine and containing zero calories, is crafted with 100% natural flavors including a mix of kiwi, pear, and watermelon. This refreshingly exotic drink, notable for its striking pink color, is available across the country for a limited period, targeting consumers in search of distinctive and cooling tastes.
Which Segments in the Citric Acid Market Offer the Most Profit Potential?
The citric acid market covered in this report is segmented -
1) By Form: Liquid, Anhydrous
2) By Key Function: Acidulant, Preservative, Antioxidant, Sequestrant
3) By Application: Food And Beverage, Bakery, Confectionery, Dairy, Pharmaceutical, Personal Care, Other Applications
Subsegments:
1) By Liquid: Citric Acid Solution, Concentrated Liquid Citric Acid
2) By Anhydrous: Granular Anhydrous Citric Acid, Powdered Anhydrous Citric Acid
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Which Firms Dominate the Citric Acid Market by Market Share and Revenue in 2025?
Major companies operating in the citric acid market include Jungbunzlauer Suisse AG, Cofco Biochemical Co. Ltd., Archer Daniels Midland Company, Cargill Incorporated, Gadot Biochemical Industries Ltd, Tate & Lyle PLC, Huangshi Xinghua Biochemical Co Ltd., RZBC Group Co Ltd., Weifang Ensign Industry Co Ltd., S.A. Citrique Belge N.V., Yixing Biochemical Co Ltd., Shandong Juxian Hongde Citric Acid Company Ltd, Merck KGaA, Foodchem International Corporation, Posy Pharmachem Pvt Ltd, Hawkins Pharmaceutical Group, Saudi Bio-Acids Company, Citrique Belge N.V., TTCA Co Ltd., Jiangsu Guoxin Union Energy Co Ltd., Laiwu Taihe Biochemistry Co Ltd., Bulk Apothecary, Ingredients Online
Which Regions Offer the Highest Growth Potential in the Citric Acid Market?
Europe and North America was the largest region in the citric acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the citric acid market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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