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The global citric acid market is expected to grow from $3.59 billion in 2021 to $3.83 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The global citric acid market size is expected to grow to $4.91 billion in 2026 at a CAGR of 6.4%.

The increasing need for food safety is expected to drive the growth of the citric acid market.

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The citric acid market consists of sales of citric acid by entities (organizations, sole traders, and partnerships) that refer to the weak organic acid that occurs in natural products such as citrus fruits such as limes, oranges, and lemons. It is produced commercially by the fermentation procedure, and it seems like a white, odorless, and crystalline powder at room temperature. Citric acid, due to its sour taste and acidic nature, is commonly used as a preservative and flavoring agent. It also has various benefits for skin tone and kills bacteria and viruses.

Global Citric Acid Market Segments Include:
By Form: Liquid, Anhydrous

By Key Function: Acidulant, Preservative, Antioxidant, Sequestrant

By Application: Food And Beverage, Bakery, Confectionery, Dairy, Pharmaceutical, Personal Care, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions Europe and North America is the largest region in the global citric acid market in 2021.

The increasing demand for low-calorie RTD beverages is shaping the citric acid market. RTD beverages have a low calorie count that provides improved heart health, better immunity, and boosts energy.

TBRC’s Citric Acid Market Report Covers:

Major Market Players: Jungbunzlauer Suisse AG, Cofco Biochemical, Archer Daniels Midland Company, Cargill Incorporated, Gadot Biochemical Industries Ltd, Tate And Lyle PLC, RZBC Group Co. Ltd., Weifang Ensign Industry Co. Ltd., Yixing Biochemical Co. Ltd., Weifang Ensign Industry Co. Ltd., Shandong Juxian Hongde Citric Acid Company Ltd and Huangshi Xinghua Biochemical Co.Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Citric Acid Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides citric acid market overviews, analyzes and forecasts market size, share, citric acid market players, citric acid market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s citric acid market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Natural Food Colors And Flavors Global Market Report 2022

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Fatty Acids Global Market Report 2022

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