According to IMARC Group latest report titled “North America Citric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on North America citric acid market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The North America citric acid market size reached 575,800 Tons in 2022. Looking forward, IMARC Group expects the market to reach 703,670 Tons by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.
The citric acid (C6H8O7) is a weak commodity chemical that is naturally present in citrus fruits, including lemons and oranges. However, it can also be produced synthetically in a laboratory using Aspergillus niger fungus that is fed on a glucose-containing medium or sucrose. It is a rich source of several antioxidants and is widely used as an alkalizing agent for reducing the acidity level in the human body. It is mainly found in liquid and anhydrous forms that have found extensive applications in various industries, such as pharmaceuticals, personal care, and food and beverages. It is widely incorporated as an acidulant in the food and beverage industry as it is known to extend the shelf-life of food products.
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Market Trends:
Significant growth in the food and beverage sector majorly drives the market in North America. This can be attributed to the rising product utilization in numerous food products for providing sourness and tartness while improving the flavors and controlling the growth of microorganisms. Along with this, the widespread utilization of citric acid in the preparation of low-calorie jellies, sugar, ice creams, snacks, and low-fat dairy products, is creating a positive market outlook. In addition to this, the growing demand for digestive citric acid-based pharmaceutical products due to the rising prevalence of digestion-related problems among individuals. For instance, it is widely deployed in conjunction with sodium bicarbonate in effervescent formulae to produce ingestion tablets and powder products is significantly supporting the market. Some other factors driving the market include the increasing product adoption in the formulation of house cleaning products and extensive research and development (RD) activities.
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North America Citric Acid Market Segmentation:
Our report has categorized the market based on application and form.
Key Regions Analyzed:
- United States
- Canada
Analysis for Each Country
Breakup by Application:
- Food and Beverages
- Household Detergents and Cleaners
- Pharmaceuticals
- Others
Breakup by Form:
- Anhydrous
- Liquid
Breakup by Imports and Exports:
- Imports
- Exports
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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