- Citric acid, a weak organic acid naturally found in citrus fruits, is a crucial additive across food & beverages, pharmaceuticals, and cleaning products due to its preservative, flavoring, and chelating properties, making it a vital component in various industrial and consumer applications
- The increasing demand for processed and convenience foods, coupled with consumer inclination toward natural and plant-based additives, is significantly driving the demand for citric acid globally
- North America is expected to dominate the citric acid market with a market share of 34.2% in 2024, due to increasing demand across various industries. The region’s continuous use of citric acid in food, beverages, pharmaceuticals, and cleaning products drives its sustained growth
- Asia-Pacific is expected to show significant growth in the citric acid market with a market share of 28.7% in 2024, driven by increasing use in diverse food and cosmetic formulations, expanding food processing sectors, and rising consumer demand for organic personal care products
- The food & beverage segment is expected to dominate the citric acid market with a market share of 55.8% in 2024, driven by its widespread use as an acidulant, preservative, and flavor enhancer in soft drinks, candies, and ready-to-eat meals
