Fairfield Market Research Citric Acid Market Size, Share, Report, Analysis, Trends, 2029

Citric Acid Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Industry: Chemicals & Materials

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Application in Food Products and Beverages to Augment Growth of the Citric Acid Market

Rising application of citric acid in the food and beverage industry continues to influence growth of the market. Moreover, citric acid is mainly used in several processed food products that are prepared for infants. Citric acid facilitates optimum development and growth of infants, making it a key ingredient in infant foods. In addition, being a natural ingredient, it is used in preparation and conservation of convenience food products and beverages. Citric acid acts as an efficient preservative, ensuring maintenance of the freshness quotient of the various food products. Preservation is carried out by slowing down the growth of bacteria, yeast, fungi, and moulds due to its acidic properties. Furthermore, it also retains colour and texture alongside improving shelf-life of the food product. Apart from preservation, its role extends towards offering antioxidants which are essential and beneficial for humans alongside enhancing flavour of food products. Given this background, increasing demand for packaged and convenience food products and beverages is expected to augur well for citric acid market on the global front.

Furthermore, growing inclination towards organic and natural food additives is likely to emboss a positive influence on the citric acid market. Rising awareness among consumers regarding harmful side effects of chemical additives has further boosted the use of their natural counterparts, in turn offering potential opportunities for citric acid market. In addition, stringent regulations apropos to use of natural ingredients backed by rising awareness are expected to augment market growth. Regulatory authorities such as the US FDA, and European Food Safety Authority (EFSA) have emphasised the use of natural ingredients in pharmaceutical and food products along with their labelling. Such strict regulations are likely to foster the growth of citric acid market.

Pervasive Clean Label Trend to Influence Citric Acid Market Growth

Being a crucial natural additive in food products, citric acid can be used as an alternative to monoglycerides, titanium oxide, edible gums, hydrocolloids, and diglycerides. This factor has positioned citric acid as a clean label solution for food products. Similar to the term natural, clean label is also consumer driven wherein for consumers clean label refers to foods with an ingredient list reflecting organic, natural, and free from chemicals or functional additives or preservatives. In this backdrop, food companies are citing citric acid as a natural ingredient used for colour and texture retention, and preservation. Moreover, with rising emphasis on and the proliferation of the clean label trend, food manufacturers are replacing malic acid with its natural counterparts. In this regards, citric acid is considered as a viable solution that can be used as a potential clean label solution, which is expected to influence market growth.

Powder Form of Citric Acid to Gain High Ground

Citric acid is available in powder and liquid form. However, the demand for powdered citric acid has been on the rise since past several years and is likely to maintain status quo. Powdered citric acid is often used as an alternative to vinegar or lemon juice in several culinary applications. It is deployed as an effective chelating agent that can carry out elimination and prevention of limescale development in boilers, and evaporators. Additionally, it is also used in water treatment to enhance effectiveness of laundry soaps and detergents. Furthermore, powder form of citric acid is also used in food and beverage industry for flavouring and preservation. It also acts as emulsifying agent that prevents separation of fats in ice creams. These factors are expected to fuel demand and use of powder form of the product, in turn contributing towards value growth of the citric acid market.

Europe Anticipated to Showcase High Market Attractiveness

Rising demand of citric acid in processed foods and drinks across developed nations in Europe is expected to boost its market growth in the region. Moreover, various economies such as Germany, UK, Italy, and Spain have been reflecting increasing use and demand of citric acid particularly from the pharmaceutical companies. In addition, significant growth in the number of breweries in the region is also expected to influence citric acid market growth. Citric acid is used by craft brewers to provide some amount of tartness to their product such as the Belgian style witbier. This aspect remains instrumental in driving the growth of the market in Europe.

Citric Acid Market: Competitive Landscape

A few of the major players in the citric acid market include Archer Daniels Midland Company, Gadot Biochemical Industries Ltd., Jungbunzlauer Suisse AG, Cargill Inc., Cofco Biochemical, Delek Group, and Tate & Lyle Plc.

The Global Citric Acid Market Is Segmented As Below:

By Form

  • Liquid
  • Powder
    • Anhydrous
    • Monohydrous

By Grade

  • Food Grade
  • Industrial Grade
  • Pharmaceutical Grade

By Application

  • Acidulant
  • Cleaning agent
  • Binding Agent
  • Preservative
  • Others

By End Use

  • Food & Beverages
    • Bakery & Confectionary
    • Dairy
    • Convenience Food
    • Beverages
    • Jams & Preserves
    • Others
  • Pharmaceutical
  • Animal feed
  • Personal care
  • Metal finishing & cleaning
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • India
    • China
    • Rest of Asia Pacific
    • Latin America
    • Middle East
    • Africa

Key Elements Included In The Study: Global Citric Acid Market

  • Citric Acid Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value and Volume, 2018 - 2021
  • Volume Consumption at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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