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What Is The Projected Valuation Of The Citric Acid Market In The Coming Years?

In the past few years, the size of the citric acid market has seen a consistent rise. It is expected to witness growth from $4.36 billion in 2024 to reach $4.5 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.1%. This growth during the historic period is credited to the expansion of the food and beverage industry, its use in pharmaceutical applications, its role as a cleaning and chelating agent, preservation and flavor enhancement, as well as growing industrial applications.

The market for citric acid is projected to experience consistent expansion in the coming years, reaching $5.37 billion by 2029 with a compound annual growth rate (CAGR) of 4.5%. This growth in the projected timeline can be ascribed to a rising demand for clean labelled products, eco-friendly procurement, biodegradable polymers, an increase in demand for personal care and cosmetics, and the growth of emerging markets. The expected trends over the course of this period encompass initiatives in green chemistry, individually-tailored solutions, advances in technology, innovation in specialty chemicals, and partnerships.

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What Growth-Enabling Forces Are Impacting The Citric Acid Market?

The surge in demand for food safety is anticipated to fuel the expansion of the citric acid market. Fruits and vegetables, which are major sources of nutrients such as vitamin C, thiamine, niacin, pyridoxine, folic acid, minerals, and dietary fiber, are often dangerously contaminated with harmful substances both pre-harvest and post-harvest. There’s an increasing public awareness about food safety for maintaining good health. For example, a World Health Organization article from May 2022 stated that globally, nearly one in every ten people (approximately 600 million) fall sick each year due to the consumption of contaminated food, which results in 420 000 fatalities and a loss of 33 million healthy life years annually. Unsafe food costs low- and middle-income countries about USD 110 billion every year in lost productivity and medical expenses. Furthermore, children under five years old bear 40% of the global foodborne disease burden, accounting for 125 000 deaths each year. As such, the requirement for food safety is a key factor propelling the growth of the citric acid market.

Which Segments Define The Structure Of The Citric Acid Market?

The citric acidmarket covered in this report is segmented –

1) By Form: Liquid, Anhydrous

2) By Key Function: Acidulant, Preservative, Antioxidant, Sequestrant

3) By Application: Food And Beverage, Bakery, Confectionery, Dairy, Pharmaceutical, Personal Care, Other Applications

Subsegments:

1) By Liquid: Citric Acid Solution, Concentrated Liquid Citric Acid

2) By Anhydrous: Granular Anhydrous Citric Acid, Powdered Anhydrous Citric Acid

What Strategic Shifts And Innovations Are Influencing The Citric Acid Market?

The rising preference for low-calorie Ready-To-Drink (RTD) beverages is redefining the course of the citric acid market. Such beverages, characterized by their minimal caloric content, can enhance cardiovascular health, elevate immunity levels and amplify energy. A case in point is the Fanta Dragon Fruit Zero Sugar, a new limited-edition flavor, unveiled by Coca-Cola, a US beverage firm, in February 2022. This beverage, free of caffeine and calories, is crafted from purely natural flavors resulting in a tantalizing blend of watermelon, pear, and kiwi. Its striking pink color has made it quite popular. This unique and invigorating drink, currently available throughout the country for a brief period, aims to meet the needs of consumers desiring exotic refreshments.

Who Are The Global Leaders Steering The Citric Acid Market Forward?

Major companies operating in the citric acid market include Jungbunzlauer Suisse AG, Cofco Biochemical Co. Ltd., Archer Daniels Midland Company, Cargill Incorporated, Gadot Biochemical Industries Ltd, Tate & Lyle PLC, Huangshi Xinghua Biochemical Co Ltd., RZBC Group Co Ltd., Weifang Ensign Industry Co Ltd., S.A. Citrique Belge N.V., Yixing Biochemical Co Ltd., Shandong Juxian Hongde Citric Acid Company Ltd, Merck KGaA, Foodchem International Corporation, Posy Pharmachem Pvt Ltd, Hawkins Pharmaceutical Group, Saudi Bio-Acids Company, Citrique Belge N.V., TTCA Co Ltd., Jiangsu Guoxin Union Energy Co Ltd., Laiwu Taihe Biochemistry Co Ltd., Bulk Apothecary, Ingredients Online

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What Regional Factors Are Accelerating Growth In The Citric Acid Market?

Europe and North America was the largest region in the citric acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the citric acid market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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