The citric acid market was valued at $3,296.9 million in 2018 and is projected to reach $7,028.2 million by 2032, growing at a CAGR of 5.6% from 2023 to 2032.
Lemons, grapefruits, oranges, and others are the type of citrus fruits that contain citric acid. Citric acid is a weak organic acid, commonly used in food and beverage products to enhance the flavor, adjust the pH balance of the product, increase the shelf life of the food & beverages, and add a tangy and tart flavor.
Meat and dairy products are the primary sources of phosphate additions, such as sodium phosphate, which serve as preservatives and emulsifiers for meat. Polyphosphates have been shown to improve the strength and amount of water in meat particles in processed meat products. However, manufacturers of food have been discouraged from converting to organic additives due to a number of health issues linked to phosphate use. Colitis, heart disease, renal damage, and other issues are brought on by prolonged phosphorus ingestion. Bloating, pain, headaches, elevated heart rate, and other symptoms are the short-term effects of phosphate increases.
The negative effects of sodium phosphate have provided an opportunity for increased usage of citric acid in food and beverage products. Citric acid is the appropriate substitute for sodium phosphate additives as it can act as a preservative and emulsifying agent. An increase in the usage of citric acid boosts the market growth of the citric acid regulators market.
Expansion of the citric acid market is hampered by the rise in prices of raw materials used in the manufacturing of citric acid. Primary raw materials utilized in citric production are lime, lemons, grapefruit, black mold, and others. The raw material prices are volatile and can be influenced by a series of factors, including extreme weather, political instability, pests & and disease. In addition, an increase in the supply-demand gap in the fruit industry has increased the cost of citrus fruits. The ongoing inconsistency of the production of citric acid from natural sources has affected the price, as the price increased due to less production and more demand.
The increase in demand for ready-to-eat meals & fast food is a key driver for the citric acid market across the globe. Moreover, innovative technologies, introduction of production techniques, and a heavy inflow of investments in R&D activities are the other factors expected to supplement the citric acid market growth. There is an upcoming trend of using natural flavor essence such as citric acid, owing to a rise in health awareness.
Furthermore, high demand for stabilizers and antioxidant food ingredients across European countries to produce commercialized clean label or green food products that are free of additives and other harmful chemicals propel the growth of the citric acid derived from natural sources. Technological strides make it possible for manufacturers to develop innovative flavors to cater to change in customer taste requirements. Innovation in citric acid production and their growth in demand across emerging economies are expected to open new avenues for market players in the future.
The citric acid market is segmented into form, application, grade, end use, and region. By form, the market is classified into powder and liquid. By application, it is segregated into acidulant, cleaning agent, binding agent, preservatives, and others. By grade, it is classified into food, industrial, and pharmaceuticals. By end use, it is divided into food & beverages, cleaning & sanitation, animal feed, personal care, and pharmaceuticals. Region-wise, it is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Russia, Spain, Netherlands, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, Thailand, Indonesia, Kazakhstan, Uzbekistan, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, UAE, Turkey, and rest of LAMEA).
Players operating in the global citric acid market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Foodchem International Corporation, BASF SE, Jungbunzlauer Suisse AG, Shandong Juxian Hongde Citric Acid Co. Ltd., Tate & Lyle PLC, Cargill, Incorporated, Citribel NV, Sucroal S.A., Gadot Biochemical Industries Ltd., Archer-Daniels-Midland Company, F.B.C Industries, Inc., Shandong Ensign Industry Co.,Ltd., Koninklijke DSM N.V., RZBC Group Co., Ltd., and Huangshi Xinghua Biochemical Co, Ltd.
Lemons, grapefruits, oranges, and others are the type of citrus fruits that contain citric acid. Citric acid is a weak organic acid, commonly used in food and beverage products to enhance the flavor, adjust the pH balance of the product, increase the shelf life of the food & beverages, and add a tangy and tart flavor.
Meat and dairy products are the primary sources of phosphate additions, such as sodium phosphate, which serve as preservatives and emulsifiers for meat. Polyphosphates have been shown to improve the strength and amount of water in meat particles in processed meat products. However, manufacturers of food have been discouraged from converting to organic additives due to a number of health issues linked to phosphate use. Colitis, heart disease, renal damage, and other issues are brought on by prolonged phosphorus ingestion. Bloating, pain, headaches, elevated heart rate, and other symptoms are the short-term effects of phosphate increases.
The negative effects of sodium phosphate have provided an opportunity for increased usage of citric acid in food and beverage products. Citric acid is the appropriate substitute for sodium phosphate additives as it can act as a preservative and emulsifying agent. An increase in the usage of citric acid boosts the market growth of the citric acid regulators market.
Expansion of the citric acid market is hampered by the rise in prices of raw materials used in the manufacturing of citric acid. Primary raw materials utilized in citric production are lime, lemons, grapefruit, black mold, and others. The raw material prices are volatile and can be influenced by a series of factors, including extreme weather, political instability, pests & and disease. In addition, an increase in the supply-demand gap in the fruit industry has increased the cost of citrus fruits. The ongoing inconsistency of the production of citric acid from natural sources has affected the price, as the price increased due to less production and more demand.
The increase in demand for ready-to-eat meals & fast food is a key driver for the citric acid market across the globe. Moreover, innovative technologies, introduction of production techniques, and a heavy inflow of investments in R&D activities are the other factors expected to supplement the citric acid market growth. There is an upcoming trend of using natural flavor essence such as citric acid, owing to a rise in health awareness.
Furthermore, high demand for stabilizers and antioxidant food ingredients across European countries to produce commercialized clean label or green food products that are free of additives and other harmful chemicals propel the growth of the citric acid derived from natural sources. Technological strides make it possible for manufacturers to develop innovative flavors to cater to change in customer taste requirements. Innovation in citric acid production and their growth in demand across emerging economies are expected to open new avenues for market players in the future.
The citric acid market is segmented into form, application, grade, end use, and region. By form, the market is classified into powder and liquid. By application, it is segregated into acidulant, cleaning agent, binding agent, preservatives, and others. By grade, it is classified into food, industrial, and pharmaceuticals. By end use, it is divided into food & beverages, cleaning & sanitation, animal feed, personal care, and pharmaceuticals. Region-wise, it is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Russia, Spain, Netherlands, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, Thailand, Indonesia, Kazakhstan, Uzbekistan, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, UAE, Turkey, and rest of LAMEA).
Players operating in the global citric acid market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Foodchem International Corporation, BASF SE, Jungbunzlauer Suisse AG, Shandong Juxian Hongde Citric Acid Co. Ltd., Tate & Lyle PLC, Cargill, Incorporated, Citribel NV, Sucroal S.A., Gadot Biochemical Industries Ltd., Archer-Daniels-Midland Company, F.B.C Industries, Inc., Shandong Ensign Industry Co.,Ltd., Koninklijke DSM N.V., RZBC Group Co., Ltd., and Huangshi Xinghua Biochemical Co, Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the citric acid market analysis from 2018 to 2032 to identify the prevailing citric acid market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the citric acid market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global citric acid market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Grade
- Food
- Industrial
- Pharmaceutical
By End Use
- Pharmaceutical
- Food and Beverages
- Sub-type
- Confectionery
- Beverages
- Convenience Foods
- Bakery
- Dairy
- Others
- Cleaning and Sanitation
- Animal Feed
- Personal Care
By Form
- Powder
- Liquid
By Application
- Acidulant
- Cleaning Agent
- Binding Agent
- Preservative
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Thailand
- Indonesia
- Kazakhstan
- Uzbekistan
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Rest of LAMEA
- Key Market Players
- Shandong Juxian Hongde Citric Acid Co. Ltd.
- BASF SE
- Jungbunzlauer Suisse AG
- Tate & Lyle PLC
- Gadot Biochemical Industries Ltd.
- Citribel NV
- Cargill, Incorporated
- Sucroal S.A.
- Archer-Daniels-Midland Company
- F.B.C Industries, Inc.
- Shandong Ensign Industry Co.,Ltd.
- Koninklijke DSM N.V.
- RZBC Group Co., Ltd.
- Huangshi Xinghua Biochemical Co, Ltd.
- Foodchem International Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CITRIC ACID MARKET, BY FORM
CHAPTER 5: CITRIC ACID MARKET, BY APPLICATION
CHAPTER 6: CITRIC ACID MARKET, BY GRADE
CHAPTER 7: CITRIC ACID MARKET, BY END USE
CHAPTER 8: CITRIC ACID MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the citric acid market was valued at $3.3 billion in 2018, and is estimated to reach $7 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032.Citric acid is a tricarboxylic acid and has three functional groups containing carboxylic acids, which increase its acidity and its ability to assemble chelating complexes with metal ions. Citric acid is beneficial in a variety of commercial applications, including the preservation of food, water treatment, cleaning goods, and pharmaceuticals due to its chelating capabilities.
Citric acid is widely employed in the food and pharmaceutical sectors and is recognized by the Joint FAO/WHO Expert Committee on Food Additives (JECFA) as Generally Recognized as Safe (GRAS). Due to its numerous advantageous attributes, such as its appealing flavor, non-toxicity, antioxidant capabilities, acidulant properties, flavoring properties, preserving properties, and capacity to function as an emulsifier.
Citric acid has become a widely used and efficient component in cleaning products owing to rise in environmental sustainability consciousness and a move towards eco-friendly cleaning solutions. Due to its inherent acidity, it is a fantastic choice for removing oil and dirt, removing stains, and dissolving mineral deposits. Citric acid's biodegradable and toxic-free properties place it as an appealing solution for environmentally conscious families as customers search for alternatives to harsh chemicals. Citric acid's combination with other natural components, which enables the production of all-purpose cleansers, surface disinfecting agents, and household laundry detergents, highlights the market's potential opportunities. Citric acid's acceptance is being boosted by its credibility as a reliable and secure cleaning agent as the government also promotes the need for more environment-friendly and safer cleaning products. This increase in demand is advantageous for the citric acid sector as well as larger movement toward healthier and more environment-friendly lifestyles, which encourages a constructive cycle of development and innovation.
Flavoring essence is a major ingredient that is used in flavoring soft drinks and sodas. The increase in usage of synthetic flavoring essence is limiting the growth of the soft drink business as it has been related to dental issues in consumers as a result of long-term consumption. According to the American Dental Association, synthetic flavoring essences such as citric acid affect the teeth and lead to erosion.
The prolonged consumption of sodas dissolves away the layer of enamel and affects structural integrity. The damage further leads to hypersensitivity, increases chances of formation of cavities, and tooth erosion. On the other hand, synthetic flavor essence affects the pH level of water, and it tends to keep it lower than the neutral pH level limit. The pH of a beverage is the most important factor in determining its ability to affect the teeth. A pH of less than four is regarded to be harmful to oral health. Overall, consumers are becoming more aware of the importance of maintaining good dental health, which is preventing them from drinking flavored sodas containing synthetic flavor essences. Therefore, beverage firms are forced to explore alternatives to citric acid, to carry out the production process of carbonated beverages.
The citric acid market is segmented into form, application, grade, end use, and region. By form, the market is classified into powder and liquid. By application, it is segregated into acidulant, cleaning agent, binding agent, preservatives, and others. By grade, it is classified into food, industrial, and pharmaceuticals. By end use, it is divided into food & beverages, cleaning & sanitation, animal feed, personal care, and pharmaceuticals. Region-wise, it is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Russia, Spain, Netherlands, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, Thailand, Indonesia, Kazakhstan, Uzbekistan, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, UAE, Turkey, and rest of LAMEA).
Players operating in the global citric acid market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Foodchem International Corporation, BASF SE, Jungbunzlauer Suisse AG, Shandong Juxian Hongde Citric Acid Co. Ltd., Tate & Lyle PLC, Cargill, Incorporated, Citribel NV, Sucroal S.A., Gadot Biochemical Industries Ltd., Archer-Daniels-Midland Company, F.B.C Industries, Inc., Shandong Ensign Industry Co.,Ltd., Koninklijke DSM N.V., RZBC Group Co., Ltd., and Huangshi Xinghua Biochemical Co, Ltd.
Key findings of the study
On the basis of form, the powder segment dominated the citric acid industry in 2018 and is expected to retain its dominance throughout the forecast period.On the basis of application, the acidulant segment led the market in 2018 and is anticipated to continue this trend in the coming years.
On the basis of grade, the food segment dominated the citric acid market in 2018 and is expected to retain its dominance throughout the forecast period.
Depending on end use, the food and beverages segment registered the highest growth in 2018 and is expected to retain its dominance throughout the forecast period.
Region wise, Asia-Pacific was the major shareholder in 2018 and is expected to grow at a CAGR of 4.8% during the forecast period.
Companies Mentioned
- Shandong Juxian Hongde Citric Acid Co. Ltd.
- BASF SE
- Jungbunzlauer Suisse AG
- Tate & Lyle PLC
- Gadot Biochemical Industries Ltd.
- Citribel NV
- Cargill, Incorporated
- Sucroal S.A.
- Archer-Daniels-Midland Company
- F.B.C Industries, Inc.
- Shandong Ensign Industry Co.,Ltd.
- Koninklijke DSM N.V.
- RZBC Group Co., Ltd.
- Huangshi Xinghua Biochemical Co, Ltd.
- Foodchem International Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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