Global Citric Acid in Food Application Market, By Form (Anhydrous, Liquid), Function (Acidulant, Antioxidant, Preservative, Sequestrant, Flavoring Agent), Grade (Food Grade, Pharmaceutical Grade, Industrial Grade), Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Reagent, Personal Care, Others) – Industry Trends and Forecast to 2029
Citric Acid in Food Application Market Analysis and Size
Citric acid is a weak organic acid found in lemon and other citrus fruit juice. The food and beverage industry accounts for approximately 75% of global citric acid consumption, primarily as an acidulant in carbonated soft drinks. It is also used to control the growth of microorganisms, to adjust pH, and to induce sourness.
Data Bridge Market Research analyses that the citric acid in food was valued at 4.20 billion in 2021 and is expected to reach the value of USD 8.68 billion by 2029, at a CAGR of 9.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Form (Anhydrous, Liquid), Function (Acidulant, Antioxidant, Preservative, Sequestrant, Flavoring Agent), Grade (Food Grade, Pharmaceutical Grade, Industrial Grade), Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Reagent, Personal Care, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Glanbia plc. (Ireland), Now Health International (U.S.), Nutiva Inc (U.S.), The Simply Good Food Co (U.S.), Iovate Health Sciences International Inc. (Canada), MusclePharm (U.S.), Kerry Group Plc (Ireland), CytoSport, Inc. (U.S.), Nature's Bounty Co. (U.S.), Reliance Private Label Supplements (U.S.), Herbalife Nutrition, Inc. (U.S.), Danone SA (France), GNC Holdings, LLC. (U.S.), Orgain Inc. (U.S.), True Nutrition (U.S.)
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Opportunities
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Market Definition
Citric acid is a weak organic acid found in citrus fruits that can also be produced by fermenting sucrose or glucose with molasses. Its significance in the food industry cannot be overstated, as it is used to impart an acidic (sour) flavour and preservative properties to a variety of products. Furthermore, it is a common food additive used in preserving foods such as salads with lemon juice or vinegar, where the citric acid inhibits microorganism growth by lowering pH levels below which bacteria cannot survive.
Global Citric Acid in Food Application Market Dynamics
Drivers
- Growing demand for processed foods and a shift towards adoption of organic products
Developing countries have seen an increase in demand for ready-to-drink beverages and processed foods as a result of continuous economic growth, busy lifestyles, increasing urbanisation, and rising disposable incomes. As a result, emerging markets are expected to drive the citric acid in food applications market’s future growth. Consumers are becoming more aware of the harmful effects of chemicals in everyday products, prompting them to switch to organic products to reduce their chemical intake. As a result, the citric acid market now has a more optimistic outlook.
- Growing cases of citric acid deficiencies around the world
A significant increase in the number of people suffering from vitamin C deficiencies fuels the citric acid in food applications market. Citric acid deficiency causes a variety of serious diseases, including anaemia, digestive issues, and abnormal DNA division. Citric acid is also beneficial in the treatment of eye and kidney disease. It aids in detoxification and tissue regeneration. Its numerous health benefits facilitate its use in the pharmaceutical and nutraceutical industries.
Opportunity
The addition of new products with higher grades to the product portfolio is expected to increase demand for these items. Due to the consumer patterns and preferences, key market players are introducing new variants while focusing on brand loyalty. They are expanding their customer base and diversifying their operations.
Restraints
The high dosage of citric acid increases toxicity in the body, which can result in nerve damage, kidney problems, and radical damage, and is expected to pose a challenge to the growth of citric acid in food applications during the forecast period.
This citric acid in food application market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the citric acid in food application market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Citric Acid in Food Application Market
Citric acid is commonly used in packaged foods and beverages, where it is added to canned and jarred foods to keep them fresh for extended periods of time. The COVID-19 pandemic caused a supply-demand mismatch, and consumers worldwide continued to stockpile food to preserve it. The use of citric acid was essential. As a result, citric acid was in high demand throughout the pandemic.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
In April 2021: Jungbunzlauer announced plans to expand the existing Citrics plant in Port Colborne, Canada. The expansion strategy is intended to meet the consistently high and increasing global demand for citric acid and citrates as functional and bio-based ingredients.
Global Citric Acid in Food Application Market Scope
The citric acid in food application market is segmented on the basis of form, function, grade, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications
Form
- Anhydrous
- Liquid
Function
- Acidulant
- Antioxidant
- Preservative
- Sequestrant
- Flavoring Agent
Grade
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
Application
- Food and Beverages
- Dietary Supplements
- Pharmaceutical
- Nutraceuticals
- Reagent
- Personal Care
- Others
Citric Acid in Food Application Market Regional Analysis/Insights
The citric acid in food application market is analysed and market size insights and trends are provided by country, form, function, grade, and application as referenced above.
The countries covered in the citric acid in food application market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the citric acid in food application market due to the region's increased demand for digestive citric acid-based foods and beverages and pharmaceuticals. Asia-Pacific is expected to grow from 2022 to 2029 due to an ageing population and the occurrence of lifestyle diseases such as mental health issues, cardiovascular diseases, and gut health-related issues in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Citric Acid in Food Application Market Share Analysis
The citric acid in food application market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to citric acid in food application market.
Some of the major players operating in the citric acid in food application market are:
- Glanbia plc. (Ireland)
- Now Health International (U.S.)
- Nutiva Inc (U.S.)
- The Simply Good Food Co (U.S.)
- Iovate Health Sciences International Inc. (Canada)
- MusclePharm (U.S.)
- Kerry Group Plc (Ireland)
- CytoSport, Inc. (U.S.)
- Nature's Bounty Co. (U.S.)
- Reliance Private Label Supplements (U.S.)
- Herbalife Nutrition, Inc. (U.S.)
- Danone SA (France)
- GNC Holdings, LLC. (U.S.)
- Orgain Inc. (U.S.)
- True Nutrition (U.S.)
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