Citric Acid Market Market, By Grade, By Application, By End Use, By Geography

Description

The citric acid Market size is valued at US$ 4.05 Bn in 2024 and is expected to reach US$ 5.03 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 4.05 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 - 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	3.10%	2030/2031 Value Projection:	US$ 5.03 Bn

Figure 1. Global Citric Acid Market Share (%), By Region, 2024

The global citric acid market has been witnessing steady growth over the past few years. Citric acid is a weak organic acid that is present in citric fruits such as lemons and limes. It is used as an Acidulant and preservative in various food and beverage products. In addition to food & beverages, citric acid finds application across industries such as pharmaceuticals, personal care & cosmetics, detergents & cleaners, and others. It helps enhance flavour and acts as a natural preservative while also providing antimicrobial properties. With rising health-consciousness among consumers, demand for natural and organic ingredients is growing significantly globally. This is expected to drive the demand for citric acid over the coming years.

Market Dynamics:

The global citric acid market is driven by growing demand from the food & beverage industry. Versatility and cost-effectiveness of citric acid as a preservative and flavouring agent has led to its widespread usage in beverages, confectionery, bakery products and more. However, fluctuating supply of raw materials due to climatic changes has led to inconsistent supply and price volatility of citric acid over the past decade, restraining market growth. To overcome this challenge, manufacturers are exploring alternatives sources for deriving citric acid such as fungal fermentation which is opening new opportunities. Development of deeper applications of citric acid across industries like pharmaceuticals and personal care through advancements in material science also presents lucrative opportunities. The market is driven by the increasing demand in various industries and is influenced by multiple factors, including market segmentation, key players, and regional outlook.

Key features of the study:

This report provides in-depth analysis of the global citric acid market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global citric acid market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Archer Daniels Midland Company, Jungbunzlauer Suisse AG, Basel, Pfizer Inc., Shandong Juxian Hongde Citric Acid Co. Ltd., Delek Group, Cargill, Incorporated, Weifang Ensign Industry Co., Ltd., Tate & Lyle plc., COFCO Biochemical (AnHui) Co. Ltd., and RZBC GROUP.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global citric acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global citric acid market.

Detailed Segmentation:

Global Citric Acid Market, By Grade
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
Global Citric Acid Market, By Application
- Acidulant,
- Cleaning Agent,
- Binding Agent,
- Preservative,
- Others
Global Citric Acid Market, By End Use
- Food & Beverages,
- Pharmaceutical/Personal Care,
- Animal Feed,
- Metal Finishing & Cleaning,
- Others
Global Citric Acid Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Top Companies in the Global Citric Acid Market
- Archer Daniels Midland Company
- Jungbunzlauer Suisse AG, Basel
- Pfizer Inc.
- Shandong Juxian Hongde Citric Acid Co. Ltd.
- Delek Group
- Cargill, Incorporated
- Weifang Ensign Industry Co., Ltd.
- Tate & Lyle plc.
- COFCO Biochemical (AnHui) Co. Ltd.
- RZBC GROUP

Product Code: CMI1984

Market Dynamics
- Drivers
Rising demand for convenience food & beverage products
Rising demand from personal care and pharmaceutical industries
- Restraints
Side-effects associated with the excessive consumption of citric acid
Stringent regulations pertaining to usage of citric acid
- Opportunities
Increasing consumption in developing countries
Product portfolio expansion
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Citric Acid Market 2021-2028 - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Citric Acid Market, By Grade, 2019 -2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Food Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
Industrial Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
Pharmaceutical Grade
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)

6. Global Citric Acid Market, By Application, 2019 -2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Acidulant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
Cleaning Agent
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
Binding Agent
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
Preservative
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)

7. Global Citric Acid Market, By End Use, 2019 -2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
- Sub-segment Trends
Bakery & Confectionery
Dairy
Convenience Food
Beverages
Jams & Preserves
Others
Pharmaceutical/Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
Animal Feed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)
Metal Finishing & Cleaning
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 -2031, (US$ Bn)

8. Global Citric Acid Market, By Region, 2019 -2031 (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, By Region, 2019 - 2031
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Grade, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Grade, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Grade, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Grade, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (US$ Bn)
Brazil
Argentina
Mexico
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Grade, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019 -2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (US$ Bn)
GCC
Israel
Rest of Middle East

9. Competitive Landscape

Company Profiles
- Archer Daniels Midland Company
Company Highlights
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies
- Jungbunzlauer Suisse AG, Basel
Company Highlights
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies
- Pfizer Inc.
Company Highlights
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies
- Shandong Juxian Hongde Citric Acid Co. Ltd.
Company Highlights
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies
- Delek Group
Company Highlights
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies
- Cargill, Incorporated
Company Highlights
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies
- Weifang Ensign Industry Co., Ltd.
Company Highlights
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies
- Tate & Lyle plc.
Company Highlights
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies
- COFCO Biochemical (AnHui) Co. Ltd.
Company Highlights
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies

10. Section

References
Research Methodology
About us
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