Citric Acid Market — Global Industry Analysis and Forecast 2020 to 2027

  • According to the new market research report Citric Acid Market by Source (Natural, Synthetic), by Form (Powdered, Liquid), by Application (Food and Beverages, Cosmetic & Personal Care, Pharmaceutical, Industrial Processes), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) — Global Forecast (2020 to 2027)”, the global citric acid market is estimated to reach USD 5.1 Billion by 2027 at a CAGR of around 5.4% during the review period.
  • Citric acid is the weak inorganic acid used across cosmetic, food and beverages, personal care and industrial processes
  • It is used as stabilizers, preservative, flavoring agent, taste enhancer and anti-oxidant
  • It is naturally present in the citrus fruits such as lemon, lime, oranges, grapefruit and others
  • Increasing demand for processed food products from the developing economies driving the citric acid market
  • Higher demand for organic ingredients owing to awareness regarding the ill effects of chemicals is further boosting the market growth
  • Availability of substitutes such as lactic acid, tartaric acid, and malic acid among other few hampers the market growth
  • Increasing Research and Development Activities for New Production Techniques for maximum extraction of citric acid is acting as opportunities for the citric acid market
  • Regulation on the amount of use in Functional Food impact the overall market growth
  • North America
  • Asia Pacific
  • ADM:
  • Cargill, Incorporated:

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