The global citric acid market size accounted for USD 174 million in 2024 and is expected to exceed around USD 252.65 million by 2034, growing at a CAGR of 3.8% from 2024 to 2034.
The citric acid market plays a pivotal role in diverse industries due to the compound’s extensive applications as a flavoring agent, preservative, and pH regulator. Citric acid is often used in food and beverages, medicinal products, and skincare products to ensure that they remain stable and safe for consumption. The market's expansion is driven primarily by rising demand for processed foods, increased awareness of natural preservatives, and an expanded range of personal care products. Furthermore, the trend towards eco-friendly and biodegradable solutions encourages its use in cleaning products and detergents.
Future prospects for the citric acid market are immense, driven by the growing preference for organic and sustainable products. Production technology innovations, as well as the usage of citric acid as a potential substitute for synthetic chemicals, have boosted market possibilities. However, market expansion is hampered by fluctuations in raw material prices and environmental problems associated with citric acid production. The market continues to progress with advances and expanded applications, ensuring its importance across sectors in the years ahead.
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| Stats ID: | 7840 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7840 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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