Global Citric Acid Market to Reach 3.7 Million Tons by 2032, Impelled by Increasing Product Demand in Food Industry

February 13, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled "Citric Acid Market Report by Application (Food and Beverages, Household Detergents and Cleaners, Pharmaceuticals, and Others), Form (Anhydrous, Liquid), and Region 2024-2032," the global citric acid market size reached 2.9 Million Tons in 2023. Citric acid is a white, odorless crystalline acid formed during the Krebs cycle that has a sour taste and occurs widely in plants, especially in citrus fruits. It is an intermediary in the citric acid cycle, which happens in the metabolism of all aerobic organisms. It can be obtained in an anhydrous (water-free) form or as a monohydrate. The anhydrous form of citric acid crystallizes in hot water while the monohydrate form crystallizes in cold water. As it is one of the stronger edible acids, citric acid is widely used as a flavoring and preservative agent in food and beverages, especially soft drinks and candies. It is added to ice cream as an emulsifying agent to keep fats away from separating or in recipes instead of fresh lemon juice. It is used with sodium bicarbonate in various effervescent formulae for ingestion and personal care. It is extensively used in culinary applications as a substitute for vinegar or lemon juice, where a pure acid is needed.

Global Citric Acid Market Trends:

The global market is majorly driven by the increasing demand for food additives in the processed food industry. In line with this, the rising consumer demand for food and beverage products made with safe ingredients is significantly contributing to the product demand. Furthermore, the growing product usage in the formulation of pharmaceutical and personal care products is positively influencing the market. Apart from this, the escalating demand for organic food additives and the ban on phosphate usage in several countries are catalyzing the product adoption. Moreover, the increasing awareness regarding the adverse effects caused due to the chemicals used in daily use has led consumers to shift their preference toward organic products. This, in turn, is creating a positive outlook for the market. Besides, the rising demand for convenience and ready-to-eat food products is offering numerous opportunities for market expansion. Besides, the market players are penetrating various market segments by producing citric acid-based products, such as confectionery, diabetic baked products, ice creams, low-calorie jellies, low-calorie sugar, dietary beverages and snacks, and low-fat dairy products, which is anticipated to propel the market. Additionally, the growing incorporation of the product in health and diet supplements is favoring the market growth. Some of the other factors driving the market include the escalating product uptake in cleaners and detergents, the increasing demand for a liquid product in the oil industry as an iron control additive for chelating and maintaining the pH of acidizing fluids, and the rapid product utilization for developing photographic films. On account of the factors above, the market is anticipated to reach 3.7 Million Tons by 2032, exhibiting a CAGR of 2.6% during 2024-2032. 

Market Summary:

  • On the basis of the application, the market has been categorized into food and beverages, household detergents and cleaners, pharmaceuticals, and others, wherein the food and beverage industry holds the leading market segment.
  • Based on the form, the market has been classified into anhydrous and liquid. Among these, anhydrous citric acid exhibits a clear dominance in the market.
  • On the basis of the region, the market has been divided into Western Europe, the United States, China, the Middle East, and Africa, Central/Eastern Europe, Brazil, and India. At present, Western Europe holds the leading position in the market.
  • The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key players include Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle PLC, Jungbunzlauer Suisse AG, Cofco Biochemical (Anhui) Co., Ltd., Huangshi Xinghua Biochemical Co. Ltd., RZBC Group Co. Ltd., Weifang Ensign Industry Co., Ltd., Gadot Biochemical Industries Ltd., and S.A. Citrique Belge N.V.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons
Segment Coverage Application, Form, Region
Region Covered Western Europe, United States, China, Middle East and Africa, Central/Eastern Europe, Brazil, India
Companies Covered Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle PLC, Jungbunzlauer Suisse AG, Cofco Biochemical (Anhui) Co., Ltd., Huangshi Xinghua Biochemical Co. Ltd., RZBC Group Co. Ltd., Weifang Ensign Industry Co., Ltd., Gadot Biochemical Industries Ltd. and S.A. Citrique Belge N.V.
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Global Citric Acid Market to Reach 3.7 Million Tons by 2032, Impelled by Increasing Product Demand in Food Industry
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