India Citric Acid Market to Grow at 4.6% During 2024-2032, Catalyzed by the Expanding Food and Beverage Industry

October 27, 2021 | Chemical & Materials

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As per the latest report by IMARC Group, titled “India Citric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” the citric acid market in India reached a volume of 94.6 Tons in 2023. Citric acid is a weak organic acid with a sour taste, naturally found in citrus fruits like lemon, limes, oranges and pomelos. It can also be manufactured synthetically by the fermentation process using a fungus, namely Aspergillus Niger. Citric acid aids in detoxification, improving energy levels and promoting healthy digestion and kidney function. Italso finds extensive applications as an additive, preservative, flavoring, and coloring agent across the food and beverage (F&B) industry. In recent years, citric acid has gained traction among detergent manufacturers as it provides a less harmful formulation than phosphates in water systems.

India Citric Acid Market Trends:

The expanding food and beverage (F&B) industry and the escalating demand for ready-to-drink (RTD) beverages and processed foods on account of rising disposable incomes, rapid urbanization and hectic lifestyles represent the primary factors driving the market. Besides this, citric acid is widely used to manufacture various medicines and health supplements to boost metabolism and improve nutrient absorption in the human body, thereby contributing to the market growth. It is also utilized in numerous cosmetics and personal care products, such as facial packs and masks, to naturally brighten and lighten the skin tone, reduce oiliness and breakouts, and regenerate dead skin cells. Moreover, the increasing applications in household detergents and cleaners, coatings, adhesives and sealants, plastics and polymers, pharmaceutical products, clinical nutrition and pet food items have catalyzed the market growth. Furthermore, with the growing awareness about the adverse impacts caused by synthetic chemicals, consumersare shifting toward organic and natural products. These products are made using natural ingredients, such as citric acid, thereby augmenting the product demand across the country. Looking forward, the market is projected to grow at a CAGR of 5.3% during the forecast period (2024-2032).

Market Summary:

Based on the application, the market has been classified into food and beverages, household detergents and cleaners, pharmaceuticals, and others.
On the basis of the form, the market has been bifurcated into anhydrous and liquid.
Region-wise, the market has been segmented into North India, West and Central India, South India and East India.
The competitive landscape of the market has also been examined in the report, with the detailed profiles of the key players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	'000 Metric Tons
Segment Coverage	Application, Form, Region
Region Covered	North India, West and Central India, South India, East India
Customization Scope	10% Free Customization
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India Citric Acid Market to Grow at 4.6% During 2024-2032, Catalyzed by the Expanding Food and Beverage Industry

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