Press release
Global Citric Acid Market to Reach 4.20 Million Tons by 2034
According to the latest report by Expert Market Research titled "Global Citric Acid Market Size, Share, Analysis, Report, Demand, Forecast 2025-2034," the global citric acid market size stood at a volume of approximately 2.81 million tons in 2024. The market is projected to expand at a CAGR of 4.10% from 2025 to 2034, reaching nearly 4.20 million tons by 2034.Citric acid, a weak organic acid found naturally in citrus fruits and commonly produced from Aspergillus niger mold strains, is widely recognized for its tangy flavor. This has made it a staple ingredient in the food and beverage industry. Apart from its culinary uses, citric acid's preservative properties and ability to regulate pH levels make it indispensable in preserving food products. The versatility of citric acid extends beyond food, as it is also used in pharmaceuticals, cosmetics, and cleaning products, highlighting its broad range of applications.
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Key Drivers of Market Growth
The growth of the citric acid market is largely attributed to the increasing global preference for natural and organic food products. With consumers becoming more aware of the harmful effects of synthetic preservatives, there is a marked shift towards natural alternatives like citric acid. As health-consciousness rises globally, the demand for beverages, including fruit juices and energy drinks, where citric acid plays an essential role in both flavor enhancement and preservation, has seen a significant increase.
Citric Acid's Versatility Across Industries
Citric acid is widely used in pharmaceuticals due to its biodegradable and non-toxic nature, making it an ideal component in medicines to improve stability and flavor. It is also commonly used in the formulation of effervescent tablets.
In the cosmetics industry, citric acid is prized for its skin benefits and its ability to maintain the pH balance of various products. Its stabilizing properties make it a popular ingredient in skincare and haircare products, boosting its demand across the beauty sector.
Moreover, citric acid has gained significant attention in the cleaning industry. Its eco-friendly properties make it a preferred ingredient in sustainable, biodegradable cleaning solutions, catering to both domestic and industrial markets focused on green alternatives.
Innovations and Future Trends
The future of the citric acid market looks promising, with biotechnology and microbial fermentation processes improving production yields. These innovations are expected to stabilize prices and meet the growing demand more efficiently. Additionally, ongoing research into new applications, particularly in biodegradable plastics and energy solutions, is expected to drive further growth in the market.
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Citric Acid Market Segmentation
"Global Citric Acid Market Report and Forecast 2024-2032"
Market Breakup by Form:
Anhydrous
Liquid
Market Breakup by Application:
Food and Beverages
Household Detergents and Cleaners
Pharmaceuticals
Others
Market Breakup by Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The report also explores the competitive landscape, providing insights into the market shares, plant turnarounds, capacities, investments, and mergers of the key players in the citric acid market. Some of the leading companies featured in the report include:
Archer Daniels Midland Company
Cargill, Incorporated
Tate & Lyle
Jungbunzlauer Suisse AG
COFCO
Others
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