China Citric Acid Market Size, Price Trends, Report 2023-2028

China Citric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4563

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Market Overview:

The China citric acid market size reached 334,000 Tons in 2022. Looking forward, IMARC Group expects the market to reach 432,300 Tons by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.

Citric acid is a weak organic tricarboxylic acid that is generally found in citrus fruits, such as lemon, oranges, grapefruits, and pomelos. Soluble in water, dimethyl sulfoxide, alcohol and ethyl acetate, it is commonly utilized in the food industry as a flavoring and preserving agent. It is also utilized for a vast array of industrial purposes, such as providing pH adjustment, controlling the growth of microorganisms, and manufacturing medicines, personal care products, and cosmetics. Additionally, it is also used in the formulation of numerous medicines and health supplements as it aids in improving metabolism and enhancing nutrient absorption in the body.

The market in China is primarily driven by significant growth in the pharmaceutical industry. Along with this, multiple key players across the region are engaging in merger and acquisitions (M&A) activities to create numerous growth opportunities in the market. Apart from this, the widespread adoption of citric acid in the manufacturing of household cleaners, including detergents, dish soaps, and rust remover products, is also creating a positive outlook for the market across the country. Some of the other factors contributing to the market growth include significant growth in the food and beverage industry and extensive research and development (R&D) activities.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the China citric acid market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on application and form.

Breakup by Application:

Food and Beverages
Household Detergents and Cleaners
Pharmaceuticals
Others

Breakup by Form:

Anhydrous
Liquid

Breakup by Region:

North and Northeast
Northwest
East
South Central
Southwest

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	‘000 Tons
Segment Coverage	Application, Form, Region
Region Covered	North and Northeast, Northwest, East, South Central, Southwest
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The China citric acid market reached a volume of 334,000 Tons in 2022.

We expect the China citric acid market to exhibit a CAGR of 4.2% during 2023-2028.

The expanding pharmaceutical industry, along with the growing utilization of citric acid in the formulation of numerous medicines and health supplements, is primarily driving the China citric acid market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across China, resulting in the temporary closure of numerous end-use industries for citric acid.

Based on the application, the China citric acid market can be segmented into food and beverages, household detergents and cleaners, pharmaceuticals, and others. Among these, the food and beverage sector currently accounts for the majority of the total market share.

Based on the form, the China citric acid market can be categorized into anhydrous and liquid. Currently, anhydrous form represents the largest market share.

On a regional level, the market has been classified into North and Northeast, Northwest, East, South Central, and Southwest, where Southwest currently dominates the China citric acid market.

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