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

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

Report Format: PDF+Excel | Report ID: SR112023A4557

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Market Overview:

The India citric acid market size reached 89,900 Tons in 2022. Looking forward, IMARC Group expects the market to reach 124,800 Tons by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.

Citric acid is naturally found in citrus fruits, such as lemon, oranges, grapefruits, and pomelos. Apart from this, it can also be synthetically manufactured using aspergillus niger, a fungus, through the process of fermentation. Characterized by a sour taste, it is utilized in the food industry as a flavoring and preserving agent. Apart from this, citric acid is also used for a vast array of purposes, including controlling the growth of microorganisms and manufacturing personal care products and cosmetics. Additionally, it is also used for manufacturing numerous medicines and health supplements to improve metabolism and enhance nutrient absorption in the human body.

The market in India is primarily driven by significant growth in the pharmaceutical sector. Along with this, multiple key players across the country are engaging in merger and acquisitions (M&A) activities to create numerous growth opportunities in the market. Some of the other factors contributing to the market growth include the rising adoption of citric acid 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 India 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 India
West and Central India
South India
East India

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 Metric Tons
Segment Coverage	Application, Form, Region
Region Covered	North India, West and Central India, South India, East India
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499
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 India citric acid market reached a volume of 89,900 Tons in 2022.

We expect the India citric acid market to exhibit a CAGR of 5.3% during 2023-2028.

The rising utilization of citric acid across the Food and Beverage (F&B) industry, as it aids in detoxification, improving energy levels, promoting healthy digestion and kidney function, etc., is primarily driving the India citric acid market.

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

Based on the application, the India citric acid market has been segmented into food and beverages, household detergents and cleaners, pharmaceuticals, and others. Among these, the food and beverage industry currently exhibits a clear dominance in the market.

Based on the form, the India citric acid market can be categorized into anhydrous and liquid. Currently, anhydrous accounts for the largest market share.

On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the India citric acid market.

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