Citric Acid

Global Citric Acid Market to Reach US$5.3 Billion by 2030

The global market for Citric Acid estimated at US$3.9 Billion in the year 2024, is expected to reach US$5.3 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2024-2030. Powder, one of the segments analyzed in the report, is expected to record a 5.2% CAGR and reach US$3.1 Billion by the end of the analysis period. Growth in the Liquid segment is estimated at 5.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.2 Billion While China is Forecast to Grow at 7.8% CAGR

The Citric Acid market in the U.S. is estimated at US$1.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$505.7 Million by the year 2030 trailing a CAGR of 7.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.2% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Global Citric Acid Market - Key Trends & Drivers Summarized

Citric acid is a naturally occurring organic acid found in citrus fruits, and it is widely used in various industries due to its versatile properties. In the food and beverage industry, citric acid is commonly used as a preservative, flavoring agent, and acidulant to enhance the taste and stability of products such as soft drinks, candies, and canned foods. Its chelating properties make it valuable in cleaning and detergents, where it helps remove limescale and improve the effectiveness of cleaning agents. Citric acid is also utilized in the pharmaceutical and cosmetics industries, serving as a pH adjuster, antioxidant, and active ingredient in skincare products.

The production of citric acid is primarily achieved through the fermentation of sugar substrates by the mold Aspergillus niger. Advances in fermentation technology and microbial strain development have increased the efficiency and yield of citric acid production, making it more cost-effective and environmentally friendly. The demand for citric acid is rising due to its natural origin and biodegradability, which align with the growing consumer preference for eco-friendly and sustainable products. Additionally, regulatory approvals for citric acid as a safe food additive and its extensive use in a variety of applications are driving market growth.

The growth in the citric acid market is driven by several factors. Firstly, the increasing demand for natural and clean-label ingredients in the food and beverage industry is boosting the use of citric acid as a preservative and flavoring agent. Secondly, advancements in fermentation technology and microbial strain improvement are enhancing the production efficiency and cost-effectiveness of citric acid. Thirdly, the expanding applications of citric acid in pharmaceuticals, cosmetics, and cleaning products are contributing to its market growth. Lastly, the shift towards environmentally friendly and sustainable products is driving the adoption of biodegradable and non-toxic citric acid in various industries. These factors collectively contribute to the robust growth of the citric acid market.

SCOPE OF STUDY:

The report analyzes the Citric Acid market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Form (Powder, Liquid); Application (Food & Beverage, Pharmaceuticals, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 47 Featured) -

• Cargill, Inc.
• Archer Daniels Midland Company
• Balchem Corporation
• Fuso Chemical Co., Ltd.
• International Flavors & Fragrances, Inc.
• Jungbunzlauer Suisse AG
• COFCO Group
• Gadot Biochemical Industries Ltd.
• Foodchem International Corporation
• Hawkins, Inc.
• Huangshi Xinghua Biochemical Co. Ltd.
• BBCA Group
• Chemelco International B.V.
• Anmol Chemicals Group
• Dr. Paul Lohmann GmbH KG

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.