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Home > Chemical & Material > Citric Acid
Citric Acid

Citric Acid Market in India, Industry Outlook and Forecast 2024-2030

Citric acid is a weak organic tricarboxylic acid having the chemical formula C6H8O7. It occurs naturally in citrus fruits. In biochemistry, it is an i

Report Code7580364
Publish Date2024-01-06
Pages61
CategoryChemical & Material
Chemical & Material

Report Overview

Citric acid is a weak organic tricarboxylic acid having the chemical formula C6H8O7. It occurs naturally in citrus fruits. In biochemistry, it is an intermediate in the citric acid cycle, which occurs in the metabolism of all aerobic organisms. It is used widely as an acidifier, as a flavoring and chelating agent.

This report contains market size and forecasts of Citric Acid in India, highlights the following information:

Sales of Citric Acid in India: Value 2019 VS 2023 VS 2030, ($ millions)

Sales of Citric Acid in India: Volume 2019 VS 2023 VS 2030, (K MT)

Sales of Citric Acid in India: Revenue Market Share by Company, 2019-2024

Sales of Citric Acid in India: Volume Market Share by Company, 2019-2024

India is now the world’s most populous country. According to IMF (its July update to its World Economic Outlook), India’s GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Citric Acid will continue to grow rapidly in the future.

The global Citric Acid market size was valued at 1841.9 million in 2023 and is forecast to a readjusted size of US$ 2236.5 million by 2030, with a CAGR of 2.7% during the forecast period 2024-2030.While the India Citric Acid market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period. India will account for % percent of Citric Acid's global value in 2030, from % in 2023.

Our research team has surveyed the Citric Acid manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, Value, demand, price change, product matrix, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

India Citric Acid Market, By Type, 2019-2024, 2025-2030 ($ Millions) & (K MT)

India Citric Acid Market Segment Percentages, By Type, 2023 (%)

Citric Acid Monohydrate

Citric Acid Anhydrous

India Citric Acid Market, By Application, 2019-2024, 2025-2030 ($ Millions) & (K MT)

India Citric Acid Market Segment Percentages, By Application, 2023 (%)

Food and Drinks

Pharmaceuticals and Personal Care

Detergents and Cleaners

Other

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Citric Acid revenues in India market, 2019-2024 (Estimated), ($ millions)

Key companies Citric Acid sales in India market, 2019-2024 (Estimated), (K MT)

Further, the report presents profiles of competitors in the market, key players include:

Weifang Ensign Industry

TTCA

RZBC Group

Jiangsu Guoxin Union Energy

Cofco Biochemical

Citrique Belge

Jungbunzlauer Suisse

ADM

Cargill

Laiwu Taihe Biochemistry

Tate & Lyle

Natural Biological Group

Gadot Biochemical Industries

Huangshi Xinghua Biochemical

market growth

Market Size Overview

USD Million

-

2026

-

2032

-

CAGR (2024-2032)
MARKET SIZE 2026
USD - MN
Million
MARKET SIZE 2032
USD - MN
Million
CAGR (2026-2032)
-
FASTEST GROWING REGION
Asia Pacific
LARGEST MARKET
Asia Pacific

Key Market Segmentation

By Type
By Type
  • Citric Acid Monohydrate
  • Citric Acid Anhydrous
By Application
By Application
  • Food and Drinks
  • Pharmaceuticals and Personal Care
  • Detergents and Cleaners
  • Other
By Region
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Market Insights

worldmap
Asia Pacific
Asia Pacific

China, Japan, South Korea, Southeast Asia, India

North America
North America

U.S., Canada, Mexico

Europe
Europe

Germany, France, UK, Italy

South America
South America

Brazil, etc.

Middle East and Africa
Middle East and Africa

Turkey, GCC Countries, Africa, etc.

Global Perspective. Local Insight.

Our reports deliver comprehensive regional coverage to help you understand market dynamics, identify growth opportunities, and make informed decisions.

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