United States Citric Acid Market Size To Grow At A CAGR Of 4.70% In The Forecast Period Of 2023-2028
The ‘United States Citric Acid Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the United States citric acid market, assessing the market on the basis of its segments like form, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
United States Citric Acid Market Size, Share, Trends, Industry, Key Player, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 4.70%
The thriving food and beverage sector of the United States is providing impetus to the agriculture sector which is in turn bolstering the demand for citric acid. The growing population, rising demands for clean-labelled food products, and increasing standards of living are further fuelling the applications of citric acid in the food and beverage sector. Citric acid is utilised in food and beverage products as a flavouring agent, stabiliser, and preservative, which is further augmenting the United States citric acid market.
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Meanwhile, the increasing adoption of cleaning agents and disinfectants across households, academic institutions, and offices, in the United States is another crucial driving factor of the market. Over the forecast period, the anticipated increase in hygienic awareness is expected to increase the application of citric acid in high-quality disinfectants.
Citric acid is utilised in the pharmaceutical sector to improve the palatability and taste of drugs, act as a preservative, and as an excipient. The increasing demand for citric acid-based syrups and solutions is bolstering the United States citric acid market. In addition, the increasing prevalence of chronic disorders such as diabetes, obesity, cancer, and tuberculosis, among others, is expected to fuel the demand for citric acid in the pharmaceutical and biomedical sectors.
United States Citric Acid Industry Definition and Major Segments
Citric acid is defined as a chemical compound which comes under the tricarboxylic acid group and is found naturally in various citrus fruits. It is white, odourless, having a sour and strong acidic taste and is produced by fermentation of sugar or lemon. This chemical compound is used as a flavouring agent and preservative across various sectors.
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Based on form, the market can be segmented into:
- Anhydrous
- Breakup by Application
- Stabilisers
- Preservatives
- Flavouring Agents
- Disinfectants
- Others
- Breakup by End Use
- Food and Beverages
- Household Detergents and Cleaners
- Pharmaceuticals
- Others
- Monohydrate
- Breakup by Application
- Acid Condiment
- Preservatives
- Flavouring Agents
- Antioxidants
- Others
- Breakup by End Use
- Food and Beverages
- Personal Care
- Agriculture
- Pharmaceuticals
- Others
On the basis of region, the market can be categorised into:
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
United States Citric Acid Market Trends
The key trends in the United States citric acid market include the increasing demand for monohydrate in the personal care sector. Rising demand for beauty and cosmetic products in the country is driving the demand for citric acid. The robust innovations and progressive product developments by the major market players in the United States are supporting the heightened demand for citric acid across various beauty and personal care product formulations.
Rising purchasing power, coupled with expanding e-commerce opportunities are crucial trends in the United States citric acid market. The escalating sales of various downstream citric acid products related to food, pharma, and household care, are likely to improve the market dynamics in the coming years.
The increasing brand awareness and highly digitalised marketing strategies being adopted by major food, disinfectant, and pharmaceutical innovators, are likely to play a pivotal role in the United States citric acid market by increasing the demand for citric acid. Furthermore, the increasing innovations in beverages, supported by the growing popularity of juices and mocktails across the country, are the major market trends surging the incorporation of citric acid in this sector.
Key Market Players
The major players in the United States citric acid market report are:
- Cargill, Incorporated
- Jungbunzlauer Suisse AG
- Archer Daniels Midland Company
- MP Biomedicals, LLC
- Hawkins, Inc.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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