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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Citric Acid Market Analysis by Region
The Asia Pacific holds a major portion of the global citric acid market share. This dominance can be attributed to several factors. Countries in the region, especially China and India, have experienced significant industrial growth, which includes the food and beverage industry, pharmaceuticals, and cosmetics—all major users of citric acid.
Moreover, the growing middle class in these regions has led to increased demand for processed and convenience foods, where citric acid is often used as a preservative and flavouring agent.
Citric Acid Market Report Snapshots
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.*
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Key Questions Answered in the Report
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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