PUBLISHER: KBV Research | PRODUCT CODE: 1429064
PUBLISHER: KBV Research | PRODUCT CODE: 1429064
LAMEA Citric Acid Market Size, Share & Trends Analysis Report By End-use, By Application, By Product (Biodegradable Polyesters, Bio-PE, Bio-PET, Polylactic Acid (PLA), Polyhydroxyalkanoate (PHA), and Others), By Country and Growth Forecast, 2023 - 2030
The Latin America, Middle East and Africa Citric Acid Market would witness market growth of 6.2% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 343.8 Kilo Tonnes, showcasing a growth of 5.7% (2023-2030).
Citric acid, with the chemical formula C6H8O7, is a weak organic acid found in citrus fruits, particularly lemons and limes. It belongs to the alpha hydroxy acid group and is widely recognized for its sour taste and preservative properties. While natural sources provide a portion of the acid, the majority is produced through fermentation of sugars by various strains of the fungus Aspergillus niger. This biotechnological process has become a cornerstone in the production, ensuring a stable and cost-effective supply for diverse industries.
High demand for the goods to preserve food is expected to drive the industry's growth. In addition, the growing demand for compounds in the pharmaceutical industry to manufacture digestive medicines is expected to drive the market positively over the projection time. It imparts tartness & sourness and improves flavors. When used as an additive in food products, the acid effectively inhibits microbial development, extending their shelf life. The aspects above are expected to augment product needs over the coming years.
Similar to global trends, there is a growing preference for clean-label and natural ingredients in the LAMEA region. According to the US Department of Agriculture, the UAE imported $12.5 billion in consumer-oriented products in 2022, accounting for 59 percent of total Agricultural imports. The consumer-oriented industry in the UAE has seen a surge in the need for processed foods and snacks due to changing lifestyles and preferences. It is used in these products for its preservative properties and ability to enhance flavors. It is employed in the confectionery industry to provide a sour or tart taste in candies, gummies, and other sweets. The growing sector for confectionery products in the UAE has led to increased usage of this acid. As a result, these aspects will boost the market growth in the coming years.
The Brazil market dominated the LAMEA Citric Acid Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $110.5 Million by 2030. The Argentina market is showcasing a CAGR of 7.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.7% during (2023 - 2030).
Based on Form, the market is segmented into Powder, and Liquid. Based on Application, the market is segmented into Food & Beverages, Pharmaceutical, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Pfizer, Inc.
- Tate & Lyle Plc.
- Cargill, Incorporated
- Archer Daniels Midland Company
- Jungbunzlauer Suisse AG
- HUANGSHI XINGHUA BIOCHEMICAL CO.LTD.
- RZBC Group CO., LTD.
- Kenko Corporation
- Gadot Biochemical Industries Ltd.
- Citribel N.V.
LAMEA Citric Acid Market Report Segmentation
By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Powder
- Liquid
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Food & Beverages
- Pharmaceutical
- Others
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 LAMEA Citric Acid Market, by Form
- 1.4.2 LAMEA Citric Acid Market, by Application
- 1.4.3 LAMEA Citric Acid Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter's Five Forces Analysis
Chapter 4. LAMEA Citric Acid Market, By Form
- 4.1 LAMEA Powder Market, By Country
- 4.2 LAMEA Liquid Market, By Country
Chapter 5. LAMEA Citric Acid Market, By Application
- 5.1 LAMEA Food & Beverages Market, By Country
- 5.2 LAMEA Pharmaceutical Market, By Country
- 5.3 LAMEA Others Market, By Country
Chapter 6. LAMEA Citric Acid Market, By Country
- 6.1 Brazil Citric Acid Market
- 6.1.1 Brazil Citric Acid Market, By Form
- 6.1.2 Brazil Citric Acid Market, By Application
- 6.2 Argentina Citric Acid Market
- 6.2.1 Argentina Citric Acid Market, By Form
- 6.2.2 Argentina Citric Acid Market, By Application
- 6.3 UAE Citric Acid Market
- 6.3.1 UAE Citric Acid Market, By Form
- 6.3.2 UAE Citric Acid Market, By Application
- 6.4 Saudi Arabia Citric Acid Market
- 6.4.1 Saudi Arabia Citric Acid Market, By Form
- 6.4.2 Saudi Arabia Citric Acid Market, By Application
- 6.5 South Africa Citric Acid Market
- 6.5.1 South Africa Citric Acid Market, By Form
- 6.5.2 South Africa Citric Acid Market, By Application
- 6.6 Nigeria Citric Acid Market
- 6.6.1 Nigeria Citric Acid Market, By Form
- 6.6.2 Nigeria Citric Acid Market, By Application
- 6.7 Rest of LAMEA Citric Acid Market
- 6.7.1 Rest of LAMEA Citric Acid Market, By Form
- 6.7.2 Rest of LAMEA Citric Acid Market, By Application
Chapter 7. Company Profiles
- 7.1 Pfizer, Inc.
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Regional & Segmental Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 SWOT Analysis
- 7.2 Tate & Lyle PLC
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental & Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 SWOT Analysis
- 7.4 Archer Daniels Midland Company
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 SWOT Analysis
- 7.5 Jungbunzlauer Suisse AG
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
- 7.6 HUANGSHI XINGHUA BIOCHEMICAL CO.LTD.
- 7.6.1 Company Overview
- 7.7 RZBC Group CO., LTD.
- 7.7.1 Company Overview
- 7.8 Kenko Corporation
- 7.8.1 Company Overview
- 7.9 Gadot Biochemical Industries Ltd.
- 7.9.1 Company Overview
- 7.10. Citribel N.V.
- 7.10.1 Company Overview
LIST OF TABLES
- TABLE 1 LAMEA Citric Acid Market, 2019 - 2022, USD Million
- TABLE 2 LAMEA Citric Acid Market, 2023 - 2030, USD Million
- TABLE 3 LAMEA Citric Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 4 LAMEA Citric Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 5 LAMEA Citric Acid Market, By Form, 2019 - 2022, USD Million
- TABLE 6 LAMEA Citric Acid Market, By Form, 2023 - 2030, USD Million
- TABLE 7 LAMEA Citric Acid Market, By Form, 2019 - 2022, Kilo Tonnes
- TABLE 8 LAMEA Citric Acid Market, By Form, 2023 - 2030, Kilo Tonnes
- TABLE 9 LAMEA Powder Market, By Country, 2019 - 2022, USD Million
- TABLE 10 LAMEA Powder Market, By Country, 2023 - 2030, USD Million
- TABLE 11 LAMEA Powder Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 12 LAMEA Powder Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 13 LAMEA Liquid Market, By Country, 2019 - 2022, USD Million
- TABLE 14 LAMEA Liquid Market, By Country, 2023 - 2030, USD Million
- TABLE 15 LAMEA Liquid Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 16 LAMEA Liquid Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 17 LAMEA Citric Acid Market, By Application, 2019 - 2022, USD Million
- TABLE 18 LAMEA Citric Acid Market, By Application, 2023 - 2030, USD Million
- TABLE 19 LAMEA Citric Acid Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 20 LAMEA Citric Acid Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 21 LAMEA Food & Beverages Market, By Country, 2019 - 2022, USD Million
- TABLE 22 LAMEA Food & Beverages Market, By Country, 2023 - 2030, USD Million
- TABLE 23 LAMEA Food & Beverages Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 24 LAMEA Food & Beverages Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 25 LAMEA Pharmaceutical Market, By Country, 2019 - 2022, USD Million
- TABLE 26 LAMEA Pharmaceutical Market, By Country, 2023 - 2030, USD Million
- TABLE 27 LAMEA Pharmaceutical Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 28 LAMEA Pharmaceutical Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 29 LAMEA Others Market, By Country, 2019 - 2022, USD Million
- TABLE 30 LAMEA Others Market, By Country, 2023 - 2030, USD Million
- TABLE 31 LAMEA Others Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 32 LAMEA Others Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 33 LAMEA Citric Acid Market, By Country, 2019 - 2022, USD Million
- TABLE 34 LAMEA Citric Acid Market, By Country, 2023 - 2030, USD Million
- TABLE 35 LAMEA Citric Acid Market, By Country, 2019 - 2022, Kilo Tonnes
- TABLE 36 LAMEA Citric Acid Market, By Country, 2023 - 2030, Kilo Tonnes
- TABLE 37 Brazil Citric Acid Market, 2019 - 2022, USD Million
- TABLE 38 Brazil Citric Acid Market, 2023 - 2030, USD Million
- TABLE 39 Brazil Citric Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 40 Brazil Citric Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 41 Brazil Citric Acid Market, By Form, 2019 - 2022, USD Million
- TABLE 42 Brazil Citric Acid Market, By Form, 2023 - 2030, USD Million
- TABLE 43 Brazil Citric Acid Market, By Form, 2019 - 2022, Kilo Tonnes
- TABLE 44 Brazil Citric Acid Market, By Form, 2023 - 2030, Kilo Tonnes
- TABLE 45 Brazil Citric Acid Market, By Application, 2019 - 2022, USD Million
- TABLE 46 Brazil Citric Acid Market, By Application, 2023 - 2030, USD Million
- TABLE 47 Brazil Citric Acid Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 48 Brazil Citric Acid Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 49 Argentina Citric Acid Market, 2019 - 2022, USD Million
- TABLE 50 Argentina Citric Acid Market, 2023 - 2030, USD Million
- TABLE 51 Argentina Citric Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 52 Argentina Citric Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 53 Argentina Citric Acid Market, By Form, 2019 - 2022, USD Million
- TABLE 54 Argentina Citric Acid Market, By Form, 2023 - 2030, USD Million
- TABLE 55 Argentina Citric Acid Market, By Form, 2019 - 2022, Kilo Tonnes
- TABLE 56 Argentina Citric Acid Market, By Form, 2023 - 2030, Kilo Tonnes
- TABLE 57 Argentina Citric Acid Market, By Application, 2019 - 2022, USD Million
- TABLE 58 Argentina Citric Acid Market, By Application, 2023 - 2030, USD Million
- TABLE 59 Argentina Citric Acid Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 60 Argentina Citric Acid Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 61 UAE Citric Acid Market, 2019 - 2022, USD Million
- TABLE 62 UAE Citric Acid Market, 2023 - 2030, USD Million
- TABLE 63 UAE Citric Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 64 UAE Citric Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 65 UAE Citric Acid Market, By Form, 2019 - 2022, USD Million
- TABLE 66 UAE Citric Acid Market, By Form, 2023 - 2030, USD Million
- TABLE 67 UAE Citric Acid Market, By Form, 2019 - 2022, Kilo Tonnes
- TABLE 68 UAE Citric Acid Market, By Form, 2023 - 2030, Kilo Tonnes
- TABLE 69 UAE Citric Acid Market, By Application, 2019 - 2022, USD Million
- TABLE 70 UAE Citric Acid Market, By Application, 2023 - 2030, USD Million
- TABLE 71 UAE Citric Acid Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 72 UAE Citric Acid Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 73 Saudi Arabia Citric Acid Market, 2019 - 2022, USD Million
- TABLE 74 Saudi Arabia Citric Acid Market, 2023 - 2030, USD Million
- TABLE 75 Saudi Arabia Citric Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 76 Saudi Arabia Citric Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 77 Saudi Arabia Citric Acid Market, By Form, 2019 - 2022, USD Million
- TABLE 78 Saudi Arabia Citric Acid Market, By Form, 2023 - 2030, USD Million
- TABLE 79 Saudi Arabia Citric Acid Market, By Form, 2019 - 2022, Kilo Tonnes
- TABLE 80 Saudi Arabia Citric Acid Market, By Form, 2023 - 2030, Kilo Tonnes
- TABLE 81 Saudi Arabia Citric Acid Market, By Application, 2019 - 2022, USD Million
- TABLE 82 Saudi Arabia Citric Acid Market, By Application, 2023 - 2030, USD Million
- TABLE 83 Saudi Arabia Citric Acid Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 84 Saudi Arabia Citric Acid Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 85 South Africa Citric Acid Market, 2019 - 2022, USD Million
- TABLE 86 South Africa Citric Acid Market, 2023 - 2030, USD Million
- TABLE 87 South Africa Citric Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 88 South Africa Citric Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 89 South Africa Citric Acid Market, By Form, 2019 - 2022, USD Million
- TABLE 90 South Africa Citric Acid Market, By Form, 2023 - 2030, USD Million
- TABLE 91 South Africa Citric Acid Market, By Form, 2019 - 2022, Kilo Tonnes
- TABLE 92 South Africa Citric Acid Market, By Form, 2023 - 2030, Kilo Tonnes
- TABLE 93 South Africa Citric Acid Market, By Application, 2019 - 2022, USD Million
- TABLE 94 South Africa Citric Acid Market, By Application, 2023 - 2030, USD Million
- TABLE 95 South Africa Citric Acid Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 96 South Africa Citric Acid Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 97 Nigeria Citric Acid Market, 2019 - 2022, USD Million
- TABLE 98 Nigeria Citric Acid Market, 2023 - 2030, USD Million
- TABLE 99 Nigeria Citric Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 100 Nigeria Citric Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 101 Nigeria Citric Acid Market, By Form, 2019 - 2022, USD Million
- TABLE 102 Nigeria Citric Acid Market, By Form, 2023 - 2030, USD Million
- TABLE 103 Nigeria Citric Acid Market, By Form, 2019 - 2022, Kilo Tonnes
- TABLE 104 Nigeria Citric Acid Market, By Form, 2023 - 2030, Kilo Tonnes
- TABLE 105 Nigeria Citric Acid Market, By Application, 2019 - 2022, USD Million
- TABLE 106 Nigeria Citric Acid Market, By Application, 2023 - 2030, USD Million
- TABLE 107 Nigeria Citric Acid Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 108 Nigeria Citric Acid Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 109 Rest of LAMEA Citric Acid Market, 2019 - 2022, USD Million
- TABLE 110 Rest of LAMEA Citric Acid Market, 2023 - 2030, USD Million
- TABLE 111 Rest of LAMEA Citric Acid Market, 2019 - 2022, Kilo Tonnes
- TABLE 112 Rest of LAMEA Citric Acid Market, 2023 - 2030, Kilo Tonnes
- TABLE 113 Rest of LAMEA Citric Acid Market, By Form, 2019 - 2022, USD Million
- TABLE 114 Rest of LAMEA Citric Acid Market, By Form, 2023 - 2030, USD Million
- TABLE 115 Rest of LAMEA Citric Acid Market, By Form, 2019 - 2022, Kilo Tonnes
- TABLE 116 Rest of LAMEA Citric Acid Market, By Form, 2023 - 2030, Kilo Tonnes
- TABLE 117 Rest of LAMEA Citric Acid Market, By Application, 2019 - 2022, USD Million
- TABLE 118 Rest of LAMEA Citric Acid Market, By Application, 2023 - 2030, USD Million
- TABLE 119 Rest of LAMEA Citric Acid Market, By Application, 2019 - 2022, Kilo Tonnes
- TABLE 120 Rest of LAMEA Citric Acid Market, By Application, 2023 - 2030, Kilo Tonnes
- TABLE 121 Key Information - Pfizer, Inc.
- TABLE 122 Key Information - Tate & Lyle PLC
- TABLE 124 Key Information - Archer Daniels Midland Company
- TABLE 125 Key Information - jungbunzlauer suisse ag
- TABLE 126 Key Information - HUANGSHI XINGHUA BIOCHEMICAL CO.LTD.
- TABLE 127 Key Information - RZBC Group CO., LTD.
- TABLE 128 Key Information - Kenko Corporation
- TABLE 129 Key Information - Gadot Biochemical Industries Ltd.
- TABLE 130 Key Information - Citribel N.V.
