How Did The Citric Acid Market Perform In The Recent Past?
The citric acid market has shown strong growth in recent years, with significant movement in various dimensions.
• The market size grew from $4.51 billion in 2024 to $4.88 billion in 2025, marking a compound annual growth rate (CAGR) of 8.2%.
This growth in the historic period can be attributed to factors such as increased demand from the food and beverage industry, expanded pharmaceutical applications, it’s wide use as a cleaning and chelating agent, for preservation and flavoring, and through increased industrial applications.
What Are The Expected Market Size And Growth Rates For The Citric Acid Market In The Forecast Period?
The citric acid market is anticipated to witness strong growth in the next few years.
• The market is projected to achieve a size of $6.93 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.1%.
The growth can be attributed to the increasing need for clean label products, sustainable sourcing, growth of biodegradable polymers, rising demand for personal care and cosmetics, and emerging market growth. Trends like green chemistry initiatives, customized solutions, technological advancements, innovative specialty chemicals, and collaborations are expected to shape the market during the forecast period.
What Are The Key Drivers Behind The Growth Of The Citric Acid Market?
Increasing awareness for food safety is expected to drive the growth of the citric acid market. Citric Acid, recognized as safe for use in foods, is predominantly sourced from fruits and vegetables, the key suppliers of vital nutrients. However, the risk of these primary sources being contaminated with harmful substances has necessitated the need for food safety. For instance, in May 2022, the World Health Organization reported that around 600 million people fall ill every year due to the consumption of contaminated food, leading to 420,000 deaths, thus underlining the urgent need for food safety measures.
How Is The Citric Acid Market Segmented?
The citric acid market is segmented as follows –
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.
Pre-Book The Citric Acid Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights Here:
Which Trends Are Influencing The Citric Acid Market?
The increasing demand for low-calorie ready-to-drink (RTD) beverages is shaping the citric acid market. Companies are launching new low-calorie products to meet this demand. For example, in February 2022, Coca-Cola launched Fanta Dragon Fruit Zero Sugar, a caffeine-free, zero-calorie beverage made with 100% natural flavors, catering to consumers seeking exotic and refreshing experiences.
Who Are The Major Players In The Citric Acid Market?
Major players 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
Which Region Dominates The Citric Acid Market?
Europe and North America were the largest regions in the citric acid market in 2024. However, Asia-Pacific is expected to be the fastest-growing region during 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.
