The Global Citric Acid market was valued at USD 3.32 Billion in 2024 and is expected to reach USD 4.4 Billion by 2030, growing at a CAGR of 4.1 % during 2024-2030.
HTF Market Intelligence published a new research document of 150+pages on Citric Acid Market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. Calcium Formate suppliers
The growth of the Citric Acid market was mainly driven by the increasing R&D spending by leading and emerging player, however latest scenario and economic slowdown have changed complete market dynamics.
Some of the key players profiled in the study are Archer Daniels Midland Company (United States), Cargill, Incorporated. (United States), Tate & Lyle PLC (United Kingdom), Jungbunzlauer Suisse AG (Switzerland), Cofco Biochemical (Anhui) Co., Ltd.
(China), Huangshi Xinghua Biochemical Co. Ltd. (China), RZBC Group Co. Ltd.
(China), Weifang Ensign Industry Co., Ltd. (China), Gadot Biochemical Industries Ltd.
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Definition: Citric acid, a weak organic tricarboxylic acid occurs naturally in citrus fruits. It is an intermediate in the citric acid cycle that happens in the metabolism of all aerobic organisms, in biochemistry.
Citric acid occurs in greater than trace volumes in a variety of fruits and vegetables, most notably citrus fruits. It exists in a variety of fruits and vegetables, but it is most concentrated in lemons as well as limes, where it can comprise as much as 8 percent of the dry weight of the fruit.
Citric acid is a common food additive and, is found in all from sodas to candies. Mostly used as a flavor enhancer in beverages, citric acid is used in soft drinks, juices, teas, and other beverages to create a slightly tart, refreshing flavor as well as balance sweetness.
Increasing demand from end use industries such as food and beverages, and pharmaceutical, among others is likely to impel the growth of the global citric acid market.
Increasing demand from consumers favoring products with plant based natural ingredients
Rising demand for citric acid from numerous end user industries
Increasing Intake of Convenience Food & Beverage Products
Growing Requirement for Food Safety
Market Leaders & Development Strategies:
On April 1, 2022, Tate & Lyle announced that it had successfully sold to KPS Capital Partners, LP ("KPS") a controlling stake in a new company and its subsidiaries, including its Primary Products business in North America and Latin America and its interests in the joint ventures with Almidones Mexicanos S.A de C.V. and DuPont Tate & Lyle Bio-Products Company, LLC.
Currently, KPS owns a 50.1% stake in Primient and controls its board and operations. Tate & Lyle now owns 49.9% of Primient.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Citric Acid Market: Cosmetic Industry, Pharmaceutical Industry, Food Processing Industry,Other
Key Applications/end-users of Citric Acid Market: Potential to Grow in Untapped Nations
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With this report you will learn:
Also included in the study are profiles of 15 Citric Acid vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.
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