The Business Research Company’s Citric Acid Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Citric Acid Global Market Report 2023 evaluates citric acid market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global citric acid market size grew from $3.87 billion in 2022 to $4.2 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The citric acid market size is expected to grow to $5.52 billion in 2027 at a CAGR of 7.1%.
The citric acid market segments in the report are:
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
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Top 5 Major Key Players Are:
Jungbunzlauer Suisse AG
Cofco Biochemical
Archer Daniels Midland Company
Cargill Incorporated
Gadot Biochemical Industries Ltd
Table Of Contents
1. Executive Summary
2. Citric Acid Market Market Characteristics
3. Citric Acid Market Market Trends And Strategies
4. Citric Acid Market – Macro Economic Scenario
5. Citric Acid Market Market Size And Growth
……
26. Africa Citric Acid Market Market
27. Citric Acid Market Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Citric Acid Market Market
29. Citric Acid Market Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Citric Acid Market Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
Table 4: Global Citric Acid Market Market, Segmentation By Key Function, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
Table 5: Global Citric Acid Market Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
…….
Table 46: Jungbunzlauer Suisse AG Financial Performance
Table 47: Cofco Biochemical Financial Performance
Table 48: Archer Daniels Midland Company Financial Performance
Table 49: Cargill Incorporated Financial Performance
Table 50: Gadot Biochemical Industries Ltd Financial Performance
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