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The global citric acid market size stood at a volume of around 2.70 million tons in 2023. The market is assessed to grow at a CAGR of 4.1% in the forecast period of 2024-2032 to reach nearly 3.86 million tons by 2032.
Citric acid is a weak organic acid that is naturally found in citrus fruits like lemons, limes, oranges, and grapefruits. Its chemical formula is C6H8O7. It is well-known for its sour taste and is commonly used as a flavour enhancer and preservative in food and beverages. Beyond its culinary uses, citric acid is also used in cleaning agents, cosmetics, and pharmaceuticals, often for its ability to adjust acidity or stabilise other ingredients.
The market is currently being driven by the growing application of citric acid in several food and non-food industries such as beverages, confectioneries, convenience foods, dairy, pharmaceuticals, personal care and cosmetics, detergents and cleansers, and feed, among others. The growing consumer demand for RTD (ready-to-drink) beverages and processed foods is significantly aiding the citric acid market growth.
Citric Acid Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Citric Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Citric Acid Historical Market (2018-2023)
8.3 Global Citric Acid Market Forecast (2024-2032)
8.4 Global Citric Acid Market by Form
8.4.1 Anhydrous
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Liquid
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.5 Global Citric Acid Market by Application
8.5.1 Food and Beverages
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Household Detergents and Cleaners
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Pharmaceuticals
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Citric Acid Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
13.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance
15 Project Requirements and Cost Analysis
15.1 Land, Location, and Site Development
15.2 Construction
15.3 Plant Machinery
15.4 Cost of Raw Material
15.5 Packaging
15.6 Transportation
15.7 Utilities
15.8 Manpower
15.9 Other Capital Investment
16 Project Economics
16.1 Capital Cost of the Project
16.2 Techno-Economic Parameters
16.3 Product Pricing and Margins Across Various Levels of the Supply Chain
16.4 Taxation and Depreciation
16.5 Income Projections
16.6 Expenditure Projections
16.7 Financial Analysis
16.8 Profit Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Company Profiles
17.3.1 Archer Daniels Midland Company
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.1.3 Demographic Reach and Achievements
17.3.1.4 Certifications
17.3.2 Cargill, Incorporated
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.2.3 Demographic Reach and Achievements
17.3.2.4 Certifications
17.3.3 Tate & Lyle
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.3.3 Demographic Reach and Achievements
17.3.3.4 Certifications
17.3.4 Jungbunzlauer Suisse AG
17.3.4.1 Company Overview
17.3.4.2 Product Portfolio
17.3.4.3 Demographic Reach and Achievements
17.3.4.4 Certifications
17.3.5 COFCO
17.3.5.1 Company Overview
17.3.5.2 Product Portfolio
17.3.5.3 Demographic Reach and Achievements
17.3.5.4 Certifications
17.3.6 Others
18 Industry Events and Developments
List of Key Figures and Tables
1. Global Citric Acid Market: Key Industry Highlights, 2018 and 2032
2. Global Citric Acid Historical Market: Breakup by Form (Million Tons), 2018-2023
3. Global Citric Acid Market Forecast: Breakup by Form (Million Tons), 2024-2032
4. Global Citric Acid Historical Market: Breakup by Application (Million Tons), 2018-2023
5. Global Citric Acid Market Forecast: Breakup by Application (Million Tons), 2024-2032
6. Global Citric Acid Historical Market: Breakup by Region (Million Tons), 2018-2023
7. Global Citric Acid Market Forecast: Breakup by Region (Million Tons), 2024-2032
8. North America Citric Acid Historical Market: Breakup by Country (Million Tons), 2018-2023
9. North America Citric Acid Market Forecast: Breakup by Country (Million Tons), 2024-2032
10. Europe Citric Acid Historical Market: Breakup by Country (Million Tons), 2018-2023
11. Europe Citric Acid Market Forecast: Breakup by Country (Million Tons), 2024-2032
12. Asia Pacific Citric Acid Historical Market: Breakup by Country (Million Tons), 2018-2023
13. Asia Pacific Citric Acid Market Forecast: Breakup by Country (Million Tons), 2024-2032
14. Latin America Citric Acid Historical Market: Breakup by Country (Million Tons), 2018-2023
15. Latin America Citric Acid Market Forecast: Breakup by Country (Million Tons), 2024-2032
16. Middle East and Africa Citric Acid Historical Market: Breakup by Country (Million Tons), 2018-2023
17. Middle East and Africa Citric Acid Market Forecast: Breakup by Country (Million Tons), 2024-2032
18. Major Importing Countries by Volume
19. Major Exporting Countries by Volume
20. Major Importing Countries by Value
21. Major Exporting Countries by Value
22. North America Historical Price Trends and Forecast 2018-2032
23. Europe Historical Price Trends and Forecast 2018-2032
24. Asia Pacific Historical Price Trends and Forecast 2018-2032
25. Latin America Historical Price Trends and Forecast 2018-2032
26. Middle East and Africa Historical Price Trends and Forecast 2018-2032
27. Global Citric Acid Market Structure
In 2022, the market reached an approximate volume of 2.70 million tons.
The market is estimated to grow at a CAGR of 4.1% between 2024 and 2032.
The market is estimated to witness healthy growth during 2024-2032 to reach around 3.86 million tons by 2032.
The major drivers of the market include growing demand for citric acid from the food and beverage sector, improving living standards, and growing consumer demand for cosmetics.
The increasing demand for low-calorie RTD beverages and rapid urbanisation are key trends guiding the growth of the market.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Anhydrous and liquid are the major forms of citric acid in the market.
The different applications of citric acid are food and beverages, household detergents and cleaners, and pharmaceuticals, among others.
The major players in the market are Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle, Jungbunzlauer Suisse AG, and COFCO, among others.
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