Citric Acid Market Market, By Grade (Food Grade, Industrial Grade, Pharmaceutical Grade), By Application (Acidulant, Cleaning Agent, Binding Agent, Preservative, Others), By End Use (Food & Beverages, Pharmaceutical/Personal Care, Animal Feed, Metal Finishing & Cleaning, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
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.
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.
- 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
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Grade
- Market Snippet, By Application
- Market Snippet, By End Use
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- 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
- * Browse 50 market data tables* and 40 figures* on "Global Citric Acid Market” - Global forecast to 2031.
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook