Citric Acid Market to Surpass $5.37 Billion by 2029 | Key Trends & Insights

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How Will the Citric Acid Market Grow by 2025 in Terms of Size and Growth?
The market size for citric acid has seen a consistent escalation in the past few years. It's predicted to surge from $4.36 billion in 2024 to reach $4.5 billion in 2025, with a compound annual growth rate (CAGR) of 3.1%. The surge during this historic period can be credited to the expansion of the food and beverage industry, usage in the pharmaceutical sector, its application as a cleaning and chelating agent, in preservation and flavoring, as well as an uptick in industrial applications.

What Are the Estimated Growth Rates for the Citric Acid Industry Through 2029?
In the coming years, the citric acid market size is projected to experience stable growth, reaching $5.37 billion by 2029 with a 4.5% compound annual growth rate (CAGR). The upswing during the forecasted period could be due to the rising demand for clean label products, sustainable sourcing, biodegradable polymers, and a burgeoning market for personal care and cosmetics. Green chemistry initiatives, customized solutions, technological progress, specialty chemicals innovation, and partnerships are the primary trends anticipated for the forecast period.

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What Are the Strategic Drivers Boosting Citric Acid Market Performance?
The escalating demand for food safety is anticipated to propel the expansion of the citric acid market. Nutrients like vitamin C, thiamine, niacin, pyridoxine, folic acid, minerals, and dietary fiber are primarily sourced from fruits and vegetables. While Citric Acid is approved as a safe ingredient for foods, there is often a risk of these fruits and vegetables being tainted with harmful substances both before and after their harvest. There's a rising consciousness about food safety amongst individuals for a healthier lifestyle. For example, a report by the World Health Organization in May 2022 stated that around 600 million individuals, roughly one in every ten globally, fall sick annually due to the consumption of polluted food, causing approximately 420,000 deaths and a loss of 33 million healthy years of life. Unsafe food also results in a loss of USD 110 billion in productivity and medical expenses for low and middle-income nations, annually. Notably, children under five constitute 40% of the foodborne disease burden, resulting in 125,000 deaths annually. This underscores the growing need for food safety, which is in turn boosting the growth of the citric acid market.

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What Are the Segments in the Citric Acid Market?
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

What Are the Key Adoption Trends in the Citric Acid Market?
The growth of the citric acid market is being influenced by the escalating demand for low-calorie Ready-To-Drink beverages. Such beverages, which boast a low-calorie content, can enhance heart wellness, augment immunity, and raise energy levels. For example, Coca-Cola, an American beverage firm, unveiled Fanta Dragon Fruit Zero Sugar in February 2022, which is a novel flavor introduced for a short duration. This beverage doesn't contain caffeine or calories and is crafted with entirely natural flavors, presenting a fusion of kiwi, pear, and watermelon. The beverage, recognized for its bright pink color, is accessible throughout the country for a short period and is explicitly crafted to appeal to customers desiring unique and rejuvenating experiences.

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Which Companies Lead the Competitive Landscape of the Citric Acid Industry?
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

Where Are the Key Citric Acid Market Opportunities by Region?
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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