Global Citric Acid Market Segmentation, By Form (Anhydrous and Liquid), Application (Food, Pharmaceutical and Cosmetics, Reagent and Others), Function (Acidulant, Antioxidant, Preservative and Sequestrant), Grade (Food, Pharmaceutical and Industrial Grade) – Industry Trends and Forecast to 2031
Citric Acid Market Analysis
The citric acid market is experiencing significant growth driven by advancements in production technologies and increased applications across various industries. Modern fermentation chemicals, such as using genetically modified microorganisms, enhance yield and reduce production costs. Innovations such as membrane separation and enzymatic processes are also improving the efficiency of citric acid extraction, leading to higher purity levels and sustainability.
Furthermore, the rising demand for natural preservatives in the food and beverage sector is propelling market growth. Citric acid's multifunctionality as a flavor enhancer, acidulant, and pH stabilizer makes it a preferred choice among manufacturers. The cosmetic and personal care industries are also expanding their use of citric acid due to its antioxidant properties, promoting skin health and product stability.
Market growth is bolstered by the increasing focus on eco-friendly products, as citric acid is biodegradable and considered a safer alternative to synthetic additives. As consumer preferences shift towards organic and natural ingredients, the citric acid market is projected to expand further. In addition, emerging markets in Asia-Pacific are expected to contribute significantly, driven by rising disposable incomes and urbanization trends.
Citric Acid Market Size
The global citric acid market size was valued at USD 6.68 billion in 2023 and is projected to reach USD 10.58 billion by 2031, with a CAGR of 5.92% during the forecast period of 2024 to 2031. 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, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Citric Acid Market Trends
“Growing Demand for Natural Food Preservatives”
One specific trend driving growth in the citric acid market is the increasing consumer preference for natural food preservatives over synthetic alternatives. As health-conscious consumers seek cleaner labels and transparency in ingredients, food manufacturers are incorporating citric acid, derived from natural sources, to enhance the shelf life of products. For instance, in March 2023, Noble Biomaterials, Inc., a Pennsylvania-based biotechnology firm, unveiled its innovative bio-based citric acid formula called Ionic + Botanical. This advanced formulation effectively reduces fabric odors by inhibiting microbial growth, marking a significant breakthrough in textile technology. Products incorporating this novel formula are projected to hit the market by 2024, highlighting the company's commitment to sustainability and functional textiles.
Report Scope and Citric Acid Market Segmentation
|
Attributes
|
Citric Acid Key Market Insights
|
|
Segments Covered
|
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, 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
|
|
Key Market Players
|
ADM (U.S.), Cargill, Incorporated (U.S.), Tate & Lyle (U.K.), Jungbunzlauer Suisse AG (Switzerland), Kenko Corporation (Japan), Pfizer, Inc. (U.S.), Huangshi Xinghua Biochemical Co. Ltd (China), Foodchem International Corporation (China), RZBC Group (China), Weifang Ensign Industry Co., Ltd. (China), Danisco A/S (Denmark), Gadot Biochemical Industries Ltd. (Israel), S.A. Citrique Belge N.V. (Belgium), BASF SE (Germany), Associated British Foods plc (U.K.), DSM (Netherlands), Chemelco International (Netherlands)
|
|
Market Opportunities
|
|
|
Value Added Data Infosets
|
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, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework
|
Citric Acid Market Definition
Citric acid is a weak organic acid found naturally in citrus fruits such as lemons and oranges. It is a colorless, crystalline substance with a sour taste, widely used as a preservative and flavoring agent in food and beverages. Citric acid plays a crucial role in the food industry, enhancing flavors and preventing spoilage by lowering pH. In addition, it is utilized in cleaning products due to its chelating properties, which help remove limescale and rust. In the pharmaceutical sector, citric acid is used as an acidifier and stabilizing agent in various formulations, highlighting its versatility across multiple industries.
Citric Acid Market Dynamics
Drivers
- Food and Beverage Industry Growth
The citric acid market is significantly driven by the food and beverage industry, where it serves as a natural preservative and flavor enhancer. As consumer preferences shift towards processed foods and carbonated beverages, the demand for citric acid rises. For instance, in November 2022, Gadot Biochemical Industries launched Cal2Mg, a new calcium-magnesium citrate combination designed to cater to rising consumer demands for nutritious food ingredients. Utilizing a binder-based granulation method, Cal2Mg offers an enhanced texture that improves both handling and cooking processes. This introduction aligns with the industry's trend towards high-quality, functional food components, ensuring consumers have access to better nutritional options.
- Rising Cosmetic and Personal Care Products
The citric acid market is significantly driven by the increasing demand for cosmetic and personal care products. Known for its natural exfoliating properties, citric acid is commonly used in skincare formulations, including cleansers, toners, and anti-aging creams. Brands such as Neutrogena and Clinique incorporate citric acid for its ability to enhance skin texture and promote cell turnover. Furthermore, the rise of clean beauty trends encourages the use of natural ingredients, boosting citric acid's appeal. With the global cosmetics market projected to reach USD 430 billion by 2028, the demand for citric acid in formulations continues to expand, fueling market growth and innovation.
Opportunities
- Increased Demand for Cleaning Products
The rising demand for eco-friendly cleaning products presents significant opportunities for the citric acid market. As consumers increasingly prioritize sustainable living, manufacturers are seeking natural alternatives to harsh chemicals. Citric acid, known for its powerful cleaning properties, is being integrated into various household and industrial cleaners. For instance, in June 2022, Jungbunzlauer, a prominent player in citric acid manufacturing, introduced monomagnesium citrate. This new product, a 1:1 monobasic magnesium salt, is specifically formulated for use in functional foods, beverages, and dietary supplements. With its unique sour taste and high solubility, monomagnesium citrate is especially suited for mineral-fortified beverage powders, meeting growing consumer demands for tasty, health-oriented, and functional food components.
- Rising Green Chemistry Trends
The citric acid market is benefiting from the increasing emphasis on green chemistry, which advocates for sustainable and eco-friendly alternatives to synthetic chemicals. Citric acid, being biodegradable and derived from natural sources, serves as a viable substitute in numerous applications. For instance, in January 2022, Gadot Biochemical Industries launched Cal2Mag, a mineral blend combining calcium citrate and magnesium citrate. This formulation is based on scientifically validated ratios that provide long-term support for bone health. By focusing on this product, Gadot aims to meet the growing demand for effective nutritional supplements. Cal2Mag's introduction reflects the company's commitment to delivering high-quality, beneficial products to health-conscious consumers.
Restraints/Challenges
- Raw Material Price Volatility
Raw material price volatility significantly hinders the citric acid market. The primary ingredients for citric acid production, including sugar and corn, are subject to fluctuating prices driven by factors such as unpredictable weather conditions, changing agricultural policies, and global supply chain disruptions. These fluctuations can lead to increased production costs for manufacturers, impacting their profit margins and overall financial stability. As production becomes more expensive, manufacturers may face challenges in maintaining competitive pricing, which can deter investment in expansion and innovation. Consequently, the uncertainty surrounding raw material costs poses a considerable challenge to the citric acid market's growth and sustainability.
- Availability of Substitutes
The availability of substitutes significantly hinders the citric acid market. Alternative acids such as malic and tartaric acid are commonly used in food and beverage applications, offering similar functionality, such as flavor enhancement and pH adjustment. This competition can limit the demand for citric acid, as manufacturers may opt for these substitutes due to cost-effectiveness or specific performance attributes. As consumers increasingly seek diverse products with varying flavor profiles, the shift towards these alternatives can further erode citric acid's market share. Consequently, the presence of these substitutes creates a challenging environment for citric acid producers, affecting their sales and profitability.
This 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 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.
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.
Citric Acid Market Scope
The market is segmented on the basis of category, form, product type, and end user. 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
Application
- Food
- Bakery
- Confectionery
- Dairy
- Beverages
- Others
- Pharmaceutical and Cosmetics
- Reagent
- Others
Function
- Acidulant
- Antioxidant
- Preservative
- Sequestrant
Grade
- Food
- Pharmaceutical
- Industrial Grade
Citric Acid Market Regional Analysis
The market is analysed and market size insights and trends are provided by country, category, form, product type, and end user as referenced above.
The countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
North America is expected to dominate the citric acid market during the forecast period due to the increasing demand for citric acid across various industries. The region's continuous use of citric acid in food, beverages, pharmaceuticals, and cleaning products drives its sustained growth.
Asia-Pacific is expected to show significant growth in the citric acid market, driven by its increasing use in diverse food and cosmetic formulations. This trend reflects the region's expanding food processing sector and rising consumer demand for organic personal care products.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as 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.
Citric Acid Market Share
The 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 market.
Citric Acid Market Leaders Operating in the Market Are:
- ADM (U.S.)
- Cargill, Incorporated (U.S.)
- Tate & Lyle (U.K.)
- Jungbunzlauer Suisse AG (Switzerland)
- Kenko Corporation (Japan)
- Pfizer, Inc. (U.S.)
- Huangshi Xinghua Biochemical Co. Ltd (China)
- Foodchem International Corporation (China)
- RZBC Group (China)
- Weifang Ensign Industry Co., Ltd. (China)
- Danisco A/S (Denmark)
- Gadot Biochemical Industries Ltd. (Israel)
- S.A. Citrique Belge N.V. (Belgium)
- BASF SE (Germany)
- Associated British Foods plc (U.K.)
- DSM (Netherlands)
- Chemelco International (Netherlands)
Latest Developments in Citric Acid Market
- In March 2023, Noble Biomaterials, Inc., a Pennsylvania-based biotechnology firm, unveiled its innovative bio-based citric acid formula called Ionic + Botanical. This advanced formulation effectively reduces fabric odors by inhibiting microbial growth, marking a significant breakthrough in textile technology. Products incorporating this novel formula are projected to hit the market by 2024, highlighting the company's commitment to sustainability and functional textiles
- In November 2022, Gadot Biochemical Industries launched Cal2Mg, a new calcium-magnesium citrate combination designed to cater to rising consumer demands for nutritious food ingredients. Utilizing a binder-based granulation method, Cal2Mg offers an enhanced texture that improves both handling and cooking processes. This introduction aligns with the industry's trend towards high-quality, functional food components, ensuring consumers have access to better nutritional options
- In June 2022, Jungbunzlauer, a prominent player in citric acid manufacturing, introduced monomagnesium citrate. This new product, a 1:1 monobasic magnesium salt, is specifically formulated for use in functional foods, beverages, and dietary supplements. With its unique sour taste and high solubility, monomagnesium citrate is especially suited for mineral-fortified beverage powders, meeting growing consumer demands for tasty, health-oriented, and functional food components
- In January 2022, Gadot Biochemical Industries launched Cal2Mag, a mineral blend combining calcium citrate and magnesium citrate. This formulation is based on scientifically validated ratios that provide long-term support for bone health. By focusing on this product, Gadot aims to meet the growing demand for effective nutritional supplements. Cal2Mag's introduction reflects the company's commitment to delivering high-quality, beneficial products to health-conscious consumers
- In April 2021, Jungbunzlauer announced the expansion of its citric acid facility in Port Colborne, Canada, in response to the increasing global demand for citric acid and citrate-based products. This strategic expansion aims to enhance manufacturing capacity and solidify Jungbunzlauer's position as a leading player in the citric acid market. The facility will supply high-quality ingredients to diverse industries, including food, beverage, pharmaceuticals, and personal care
- In April 2021, Tate & Lyle announced its decision to divest its majority stakes in its primary products business unit, which includes the production of citric acid, dextrose, corn sweeteners, ethanol, and industrial starches. This strategic move aligns with Tate & Lyle's focus on healthy food solutions while ensuring that its core product business remains distinct from its food and beverage offerings. This shift emphasizes the company's commitment to health and wellness
SKU-