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The citric acid market size is estimated to grow at a CAGR of 8.44% between 2022 and 2027. The market size is forecast to increase by USD 2,253.4 million. The growth of the market depends on several factors, including the growing demand for citric acids from detergents and cleaners, the growing desire for convenience foods and beverages, and the versatile nature of citric acid.
This citric acid market report extensively covers market segmentation by application (food and beverage, pharmaceuticals and personal care products, detergents and cleaners, and others), type (liquid and anhydrous), and geography (Europe, North America, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The growing demand for citric acids from detergents and cleaners are notably driving the market growth, although factors such as the potential substitute such as lactic acid may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the citric acid market is the growing demand for citric acids from detergents and cleaners. Citric acid is used to reduce water hardness and aids in lathering. These properties of citric acid make it an integral part of soaps, detergents, and cleaning solutions. Furthermore, owing to its acidic nature, citric acid removes grime and dirt spots from fabrics and surfaces. Additionally, citric acid is preferred in detergents used for cleaning applications due to its non-corrosive, non-toxic, and biodegradable properties. These properties have increased the demand for citric acid in household and detergent applications. Additionally, citric acid-infused products are safe to use and do not pose such risks.
Moreover, it has antiseptic and antibacterial properties that restrict the growth of microorganisms. Therefore, it works as a disinfectant in protective cleaning products used in bathrooms and kitchens. It also helps in removing stains from tables, countertops, floors, and stainless-steel equipment. Owing to its high chelating property, it is widely used for removing grease and oil spots. Citric acid also helps in the descaling of mineral deposits in household and industrial applications. For such reasons, the demand for citric acid in the detergents and cleaners’ sector is increasing and is expected to continue to rise during the forecast period.
Growing popularity of organic food additives is another factor supporting the market growth in the forecast period. A recent trend observed is a shift in consumer demand from synthetic food additives to organic food additives such as herbal extracts. The organic preservatives market has been observed to register higher growth than the synthetic food additive market in developed countries. Consumers perceive organic food additives to be safer and healthier than synthetic food additives. The cost of manufacturing and purchasing organic food additives is much higher than that of synthetic food additives, but a growing health-conscious population is impacting their acceptance rate.
Moreover, the demand for drinks with less or no sugar is high among people, so manufacturers must introduce healthier alternatives. Therefore, the increasing preference for organic food additives will have a positive influence on their production and consumption. Furthermore, changes in food regulations in the US are creating a significantly higher demand for food additives such as food preservatives and flavor enhancers. In addition, the increasing consumer demand for clean-label assertions has increased the need for versatile organic flavoring agents such as citric acid. Therefore, the growing acceptance of organic food additives is likely to impact the growth of the market positively during the forecast period.
Potential substitute such as lactic acid will be a major challenge for the citric acid market during the forecast period. Lactic acid has emerged as a potential replacement for citric acid in various applications in the food and beverage industry, such as meat products, frozen foods, dairy products, confectionery, snacks, soft drinks, beer, fruit juices, pickles, cheese, dry casein. In addition, the acidity of lactic acid leaves a long sour aftertaste in various products such as confectionery and snacks. It is commonly used in the production of beer and wine. Makes beer and wine taste better.
Moreover, lactic acid is also used as an antibacterial agent in several food products such as meat, frozen foods, and pickles. It decreases the pH of the product, which restricts the growth of the microorganisms. In addition, lactic acid is widely used in packaged vegetables and fruits such as pickled cucumber (gherkins), green olives, cucumbers, mushrooms, and baby carrots. It inhibits spoilage and fermentation and works as a preservative in these products. Due to these properties, which are like citric acid, lactic acid could be a potential substitute for the latter and may hinder the growth of the global citric acid market during the forecast period
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Citric Acid Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Citribel NV: The company offers citric acid which is used in food as a flavoring agent and preservative. Also, the company offers the production of citric acid, citrates, and other high value co-products which are produced through the natural surface fermentation of sugar.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the food and beverage segment will be significant during the forecast period. In 2022, the food and beverages segment was the fastest-growing application segment for the global citric acid market. The segment is likely to observe significant growth during the forecast period owing to an increasing preference for packaged and convenience food products.
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The food and beverage segment was valued at USD 1,124.74 million in 2017 and continue to grow by 2021. A small amount of citric acid provides natural flavors of lemon, orange, raspberry, lime and raw fruit. In beverage products, citric acid is used to balance sweetness and create a refreshing, mild acidity. Citric acid is also used as a preservative due to its acidic pH. Citric acid inhibits the growth of microorganisms. Therefore, it is widely used in jellies, jams, preserves, sweets and meat products. Therefore, these factors are expected to boost the demand for citric acid in the food and beverage industry during the forecast period. In addition, the food and beverage industry is expected to grow steadily worldwide. Such factors will increase the segment's growth during the forecast period.
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Europe is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The European citric acid market is expected to witness significant growth during the forecast period, owing to growing awareness of healthy lifestyles and the health benefits of organic food additives. In Europe, Germany, France and the United Kingdom are the major markets for citric acid. The countries with the highest per capita spending on organic food and beverages in Europe were Switzerland, Denmark and Luxembourg. Moreover, the high population density in these countries increases the sales of organic food, which translates into a high demand for citric acid in Europe.
In 2020, the COVID-19 outbreak negatively affected the growth of the citric acid market in Europe. However, with the initiation of vaccination drives, the number of COVID-19 cases declined in the region in 2021. This has led to the lifting of lockdown restrictions and the resumption of various business operations, such as construction and remodeling activities and packaged food production. Moreover, the rising automotive industry and the increasing demand for convenience food are expected to positively impact the demand for citric acid. In addition, the use of citric acid in the food and beverage industry is increasing as it extends the shelf life of convenience foods, which will propel the growth of the regional market during the forecast period.
The citric acid market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global citric acid market as a part of the global commodity chemicals market within the global chemicals market. The global commodity chemicals market covers companies that primarily produce industrial and basic chemicals, including, but not limited to, plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Citric Acid Market Scope |
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Report Coverage |
Details |
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Page number |
165 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.44% |
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Market growth 2023-2027 |
USD 2,253.4 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
7.83 |
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Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 30% |
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Key countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Anmol Chemicals Group, Archer Daniels Midland Co., Cargill Inc., Citribel NV, COFCO Corp., Dastech International Inc., Foodchem International Corp., Gadot Biochemical Industries Ltd., Hemadri Chemicals, Huangshi Xinghua Biochemical Co. Ltd., Jungbunzlauer Suisse AG, Kenko Corp., KIC Chemicals Inc., MP Biomedicals Inc., Niram Chemicals, Paras Chemical Industries, RZBC Group Co. Ltd., Shandong Lemon Biochemical Co. Ltd., Tate and Lyle Plc, and Weifang Ensign Industry Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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