Citric Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Citric Acid Market by Application and it is segmented by Form (Liquid and Anhydrous), Application (Food and Beverage (Bakery, Confectionery, Dairy, Beverages and Other Food and Beverages), Pharmaceuticals, Personal Care, and Other Applications), and Geography (North America, Europe, Asia Pacific, South America, Middle East and Africa). The market size and forecasts are provided in terms of value (USD) for all the above segments.

Citric Acid Market Size

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Citric Acid Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 3.62 Billion
Market Size (2029) USD 4.45 Billion
CAGR (2024 - 2029) 4.16 %
Fastest Growing Market Asia Pacific
Largest Market Asia-Pacific

Major Players

Citric Acid Market

*Disclaimer: Major Players sorted in no particular order


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Citric Acid Market Analysis

The Citric Acid Market size is estimated at USD 3.62 billion in 2024, and is expected to reach USD 4.45 billion by 2029, growing at a CAGR of 4.16% during the forecast period (2024-2029).

  • The versatile nature of citric acid makes it a valuable component in various industries, including food and non-food sectors. It is utilized as an acidulant, preservative, antioxidant, buffering, and binding agent. The applications of citric acid, in both liquid and anhydrous forms, span across different domains, such as food and beverages, pharmaceuticals, personal care, and more. In food products, citric acid is added as an additive to intensify sourness, tartness, and flavor. Moreover, its inclusion suppresses microbial growth, thereby increasing the shelf life of food products and driving the demand for citric acid.
  • The popularity of citric acid in medicines and dietary supplements is on the rise globally. Its use helps preserve and stabilize the active ingredients in medicines and can also enhance the taste of chewable and syrup-based medications. Citric acid is also known to boost the absorption of mineral supplements like magnesium and calcium.
  • Moreover, consumers are increasingly demanding citric acid extraction from natural sources as they prefer vegan sources for their products. This trend has led market players to focus on continuously launching new products with improved application capabilities and high-quality standards. As a result, the market for citric acid is expected to grow significantly in the coming years.

Citric Acid Market Trends

Increasing Demand for Clean-Label and Natural/Organic Ingredients

  • With the introduction of bans and limits by governments and various research projects, consumers are increasingly becoming aware of the adverse health effects of synthetic food additives. These additives can lead to health issues such as hyperkinesia, tumors, skin rashes, kidney damage, migraine, sleep disturbance, asthma, and ill-gut health. As a result, there has been a shift towards natural additives and a preference for clean labels and natural ingredients among consumers.
  • Government authorities such as the World Health Organization (WHO), Food and Drug Administration (FDA), European Food Safety Authority, and Food Safety and Standards Authority of India (FSSAI) have recognized the hazardous effects of synthetic ingredients and have laid down guidelines for their use in food products, which food and beverage manufacturers must comply with. Furthermore, various organizations have launched awareness programs and research projects promoting the use of organic ingredients extracted from plant sources in food and beverage products to address concerns regarding food safety.
  • For instance, Organic India launched a new campaign in India in 2022 called '#TowardsHealthyEating,' with the aim of promoting healthy eating practices among children. As a result, the global food industry is responding to the high consumer demand by placing additional emphasis on these aspects during the food product development process.

Citric Acid Market: Consumer Preference for Mention of Clean-Label Ingredients on their Food (%), By Ingredients, United States, 2021

Asia-Pacific Holds the Largest Share For the Year 2022

  • China is one of the largest producers and exporters of food additives among Asian countries, accounting for nearly three-quarters of the global ingredients market in most ingredient categories used in the food and beverage industry. China produces ingredients on a large scale and supplies them at a lower cost than other regions, making it a significant exporter of citric acid. 
  • Moreover, China is also one of the major consumers of ingredients globally, and the expanding pharmaceutical industry is creating growth opportunities for the citric acid market in China. For instance, in 2021, the Chinese pharmaceutical business generated operating revenue of CNY 3.3 trillion (USD 515.6 billion), representing a growth of nearly 20% from the previous year. Additionally, the growing demand for household cleaners, including detergents, dish soaps, and rust remover products, that use citric acid as an ingredient is further driving the market growth in China.
  • Similarly, in Japan, the native tart citrus is one of the country's most essential seasonings after salt and is commonly used as a flavoring agent in Japanese cuisine. With the high demand for healthy products in the country, manufacturers are incorporating naturally sourced citric acid in food items to sell their products as safe, preservative-free, and natural, meeting the increasing demand for healthy foods in the Japanese market. 
  • Japan is one of the most affluent and cultured consumer markets in Asia, with a preference for descriptive labeling that provides a better understanding of the ingredients used in the product formulation, making naturally sourced citric acid an ideal choice for food manufacturers in Japan.
Citric Acid Market: Market Size (%), By Geography, Global, 2022

Citric Acid Industry Overview

The global citric acid market is highly competitive and fragmented, with key players such as Archer Daniels Midland (ADM), Cargill Incorporated, Jungbunzlauer Company, Cofco Biochemical, and Gadot Biochemical Industries Ltd. These players dominate the market owing to factors such as the continuous launch of new products with high-quality and versatile applications. To gain a competitive advantage, brands are focusing on differentiating their products in terms of taste and high solubility.

Companies are also investing in research and development (R&D) and marketing while expanding their distribution channels to maintain their position in the market. Furthermore, they are adopting competitive strategies by investing in developing new-generation technologies to produce citric acid ingredients, which can help reduce costs and improve the product's sustainability. Overall, the market players' positioning is determined by their ability to innovate and provide high-quality products that cater to the varying demands of the customers.

Citric Acid Market Leaders

  1. Jungbunzlauer Suisse AG

  2. Cofco Biochemical

  3. Cargill, Incorporated

  4. Gadot Biochemical Industries Ltd

  5. Shandong Ensign Industry Co. Ltd

*Disclaimer: Major Players sorted in no particular order

Citric Acid Market Concentration
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Citric Acid Market News

  • November 2022: Gadot Biochemical Industries launched a new product called Cal2Mg, which is a composition of calcium citrate and magnesium citrate. The product is produced using a unique granulation process with the addition of a binder. This process helps to enhance the product's texture, making it easier to handle and incorporate into various food applications. With this launch, Gadot Biochemical Industries aims to cater to the growing demand for high-quality, functional food ingredients that can provide additional nutritional benefits to consumers.
  • June 2022: Jungbunzlauer, a key player in the citric acid market, has recently introduced a new product named Monomagnesium citrate. It is a monobasic magnesium salt with a molar ratio of 1:1, and it is primarily used as a mineral source in functional foods, beverages, and food supplements. Due to its pleasantly sour taste and high solubility, Monomagnesium citrate is the preferred magnesium salt for mineral-fortified beverage powders. With this new product, Jungbunzlauer aims to cater to the growing demand for functional food ingredients that offer additional nutritional benefits while also providing an enjoyable taste experience to consumers.
  • April 2021: Jungbunzlauer, a leading producer of citric acid and citrate-based ingredients, has announced plans for the expansion of its Citric plant in Port Colborne, Canada. The expansion is aimed at meeting the growing global demand for citric acid and citrate-based functional and bio-based ingredients. The move is a response to the consistently strong demand for these ingredients and is expected to provide the company with greater production capacity to meet the growing needs of its customers. With this expansion plan, Jungbunzlauer aims to strengthen its position as a key player in the citric acid market and provide high-quality citric acid and citrate-based ingredients to meet the diverse needs of the food, beverage, pharmaceutical, and personal care industries.

Citric Acid Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 Form

      1. 5.1.1 Liquid

      2. 5.1.2 Anhydrous

    2. 5.2 Application

      1. 5.2.1 Food and Beverage

        1. Bakery

        2. Confectionery

        3. Dairy

        4. Beverages

        5. Other Foods and Beverages

      2. 5.2.2 Pharmaceutical

      3. 5.2.3 Personal Care

      4. 5.2.4 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Russia

        5. Spain

        6. Italy

        7. Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. South Africa

        2. United Arab Emirates

        3. Rest of Middle-East and Africa


    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Jungbunzlauer Suisse AG

      2. 6.3.2 Cargill Incorporated

      3. 6.3.3 Merck KGaA

      4. 6.3.4 Gadot Biochemical Industries

      5. 6.3.5 Archer Daniels Midland Company

      6. 6.3.6 Foodchem International Corporation

      7. 6.3.7 Cofco Biochemical

      8. 6.3.8 Posy Pharmachem Pvt Ltd

      9. 6.3.9 Hawkins Pharmaceutical Group

      10. 6.3.10 Saudi Bio-Acids Company

    4. *List Not Exhaustive

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Citric Acid Industry Segmentation

Citric acid is a weak organic acid naturally found in several citrus fruits such as lemons, limes, etc.

The citric acid market is segmented by form, application, and geography. By form, the market is segmented into liquid and anhydrous. By application, it is segmented into food and beverage, pharmaceuticals, personal care, and other applications. The food and beverage segment is further sub-segmented into the bakery, confectionery, dairy drinks, and other foods and beverages. By geography, the market studied is segmented into North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

For each segment, the market sizing and forecasts have been done based on value (in USD).

Food and Beverage
Other Foods and Beverages
Personal Care
Other Applications
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle-East and Africa
South Africa
United Arab Emirates
Rest of Middle-East and Africa
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Citric Acid Market Research FAQs

The Citric Acid Market size is expected to reach USD 3.62 billion in 2024 and grow at a CAGR of 4.16% to reach USD 4.45 billion by 2029.

In 2024, the Citric Acid Market size is expected to reach USD 3.62 billion.

Jungbunzlauer Suisse AG, Cofco Biochemical, Cargill, Incorporated, Gadot Biochemical Industries Ltd and Shandong Ensign Industry Co. Ltd are the major companies operating in the Citric Acid Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Citric Acid Market.

In 2023, the Citric Acid Market size was estimated at USD 3.48 billion. The report covers the Citric Acid Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Citric Acid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Citric Acid Industry Report

Statistics for the 2024 Citric Acid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Citric Acid analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Citric Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)