Global Citric Acid Market: by Application; Country Overview; Recent Events; Value Chain Analysis; Trade Analysis; Cost Structure; Price Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Market Analysis: Market Overview, Price Analysis; Industry Best Practices; Key Supplier Analysis, 2024-2032

Citric Acid Market Outlook

The Global Citric Acid Market size was valued at 2.8 Million Tons (volume) in the base year of 2021. In the forecast year 2027, the global Citric Acid market share is likely to attain a value of around 3.3 Million Tons (volume). The progress of the market throughout the projected years between 2022-2027 will be advancing at a CAGR of 3.3%.

The global citric acid market analysis covers all major applications and leading segments propelling the industry’s growth.

On a global scale, the citric acid market in Western Europe is the leading region significantly contributing to the market’s expansion.

Global Citric Acid Market Contains the Following Developments

August 10, 2022 - Carbon quantum dots that are full of antioxidant properties can prevent Parkinson’s disease. The Nanomaterials capable of aiding neurodegeneration in nerve cells are antioxidants derived from citric acid and might be a possible new treatment.

JUNE 29, 2022 - In Africa, cashews are a profitable commodity, and the nation can increase its economic value as its waste is used to produce citric acid. This kind of citric acid market development may lead to the further growth of the sector.

01 April 2022 - On 01 April 2022, Tate & Lyle concluded the sale of a significant share in a new company and its subsidiaries, mainly dealing in Latin America and North America. The company holds a 49.9 percent interest in Primient.

OCTOBER 25, 2021 - Citric acid can be used to extract metals from coal ash without harming the environment by minimising the ash released in the air. The method for separating the metal employs water, carbon dioxide and citric acid.

Definition with Categorisation

Citric acid is an organic, colourless, and odourless acid with low acidity found naturally in citrus fruits. It is primarily present in fruits like limes and lemons, which gives it a sour and tangy flavour. The acid is extensively used as a food ingredient, cleaning agent, and nutritional supplement in a synthetic form.

The citric acid industry is divided into various segments and studied for a thorough analysis of the current market situation.

On the basis of region, the market is studied across the Middle East, Europe, Latin America, Africa, Asia Pacific, and North America.

Based on the application of the product the industry is bifurcated into Pharmaceuticals, Food and Beverages, Cleaners and Detergents.

Major company profiles that are leading the market growth can be classified as Cargill Incorporated, Tate & Lyle, Archer Daniels Midland Company COFCO Corporation, and Jungbunzlauer Suisse AG.

Globally, the Western Europe Region is Majorly Contributing Towards the Growth of the Industry

As per the citric acid market trend, the use of citric acid in Europe is expanding in functional and processed foods, which is driving the citric acid market. Western Europe is the largest buyer of citric acid and is chiefly responsible for the market's development. The United Kingdom dominates the market in Europe in terms of revenue.

Category Management Studies

Citric acid was discovered when Carl Wilhelm Scheele crystallised citric acid from lemon juice in 1784. Its large-scale manufacturing began when the fluid was processed together with hydrated lime (calcium hydroxide) to trigger calcium citrate, separated, and transformed to acid applying reduced sulfuric acid.

In the industrial process, customs of A. niger are given sucrose or glucose-comprising method to create citric acid. Corn steep liquor, molasses, hydrolysed corn starch, or any sugary solution can be used as a source of sugar.

After removing the mould from the liquid mixture, citric acid is extracted by triggering it with calcium hydroxide to generate calcium citrate salt. Citric acid is regenerated by cur it with sulfuric acid as indirect citrus fruit juice extraction.

Various Applications of the Acid is Fuelling the Industry’s Demand

Citric acid is widely employed in products like disinfectants and insecticides due to its antibacterial properties. It can help get rid of viruses and bacteria and is used to marinate and conserve meats and other foods and beverages.

It also finds application in personal care and cosmetic products as a preservative. It can also remove build-up from hard water in cleaning products resulting in the citric acid market demand.

Citric acid is utilised to crosslink materials like polyols that can be used to make eco-friendly packaging, ultrafine protein fibres that can be used for biomedical applications, and hydroxyapatite to create bioceramic composites for tissue engineering in orthopaedics.

Due to its properties like metal chelating, the acid is used in cleaning industrial sites, such as nuclear sites infected with radionuclides. It can also be used to remove metals in soils furthering the citric acid market forecast.

The acid is used as a preservative in packaged and processed foods and drinks like sodas, ice cream etc. It can also act as a flavour enhancer in the food and beverage industry. As a result, the industry is advancing.

the Middle East and Africa, Europe, Latin America, Asia Pacific, and North America are the regional segments covered in the Citric Acid Market report.

The Major Citric Acid Market Key Players Covered in the Report

• Cargill Incorporated
• Tate & Lyle
• Archer Daniels Midland Company
• COFCO Corporation
• Jungbunzlauer Suisse AG

Competitive Market Landscape

Cargill Inc.- They lead in providing industrial and financial, agriculture, and food products to consumers all over the globe. The company serves consumers and communities in over 70 countries. They aim to attain a secure, reliable, and sustainable environment and plan to achieve it with their 155,000 employees.

Tate & Lyle Plc- The company is a leading provider of ingredient solutions for healthy food and beverages.

Archer Daniels Midland Company- The company focuses on sustainability while delivering a wide range of ingredients to fulfil consumer preferences. They lead in animal and human nourishment and are also an exclusive agrarian origination and processing company on a global scale. Their market insights make them experts in the food, beverage, health and wellness sectors. The enterprise is based in Chicago, Illinois and unites harvests to markets over six continents.

COFCO- is a leading food and agriculture chain based in China. It concentrates on dairy, cotton, meat, sugar, oil, and grain along with finance, real estate, and food industries. The company has a global network with a fully-integrated value chain and agrarian innovations. Their future goal is to concentrate on their core business and lead the grain trade market with the help of rural modernization.

Jungbunzlauer Suisse AG- Jungbunzlauer is a significant producer of natural and biodegradable ingredients worldwide. They help their clients make safe, healthy food that tastes good and is also sustainable. Their ongoing investments, thorough quality management, and state-of-the-art production processes allow them to achieve superior product quality.

All the mentioned players mentioned are contributing to the citric acid market growth.