Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
The citric acid market size has been experiencing robust growth in recent years. It expanded from $4.51 billion in 2024 to $4.88 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.2%. The market growth during the historical period can be attributed to an increased demand in the food and beverage industry, pharmaceutical applications, the usage of citric acid as a cleaning and chelating agent, and increased industrial applications.
The citric acid market is further projected to witness strong growth in the years to come. The market is anticipated to reach $6.93 billion by 2029, at a CAGR of 9.1%. Factors contributing to this forecasted growth include the increasing need for clean label products, sustainable sourcing, the emergence of biodegradable polymers, growing demand in the personal care and cosmetics sector, and emerging market growth. Emerging trends such as green chemistry initiatives, the development of innovative specialty chemicals, custom-made solutions, and technological advancements will further propel market growth.
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What’s Driving the Growth of the Citric Acid Market?
The increasing demand for food safety is a key driver propelling the growth of the citric acid market. Recognized as safe for food, citric acid is especially important in fruits and vegetables, which are the main sources of vital nutrients. People are becoming increasingly aware of the necessity for food safety, especially given the contamination risks associated with several pre-harvest and post-harvest conditions. This awareness and the need for food safety ultimately drive the citric acid market growth.
What Are the Key Segments Within the Global Citric Acid Market?
The citric acid market is broadly categorized into the following segments:
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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Which Are the Major Players in the Citric Acid Market?
Key market players include Jungbunzlauer Suisse AG, Cofco Biochemical Co. Ltd., Archer Daniels Midland Company, Cargill Incorporated, Gadot Biochemical Industries Ltd, Tate & Lyle PLC, and others.
What Are the Emerging Trends in the Citric Acid Market?
A significant emerging trend within the citric acid market is the rising demand for low-calorie Ready-To-Drink (RTD) beverages. An example of this is the launch of Fanta Dragon Fruit Zero Sugar by Coca-Cola in February 2022. This low-calorie beverage blends flavors of kiwi, pear, and watermelon and is made entirely from natural flavors.
Which Region Shows the Fastest Growth in the Citric Acid Market?
In 2024, Europe and North America led the global citric acid market. However, the Asia-Pacific region is expected to be the fastest-growing in the forecast period.
What Does The Citric Acid Market Report 2025 Offer?
Citric acid, a weak organic acid found naturally in citrus fruits like lemons and limes, acts as a preservative and flavor-enhancer. Its sour taste makes it a key ingredient in many carbonated drinks and candies. The Citric Acid Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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