Citric Acid Market Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
According to IMARC Group’s latest report, titled “ Citric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, the global citric acid market size reached 2.8 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 3.3 Million Tons by 2028, exhibiting a growth rate (CAGR) of 2.87% during 2023-2028. Citric acid represents a weak organic acid found in lemons and other citrus fruits, such as grapefruits, oranges, pomelos, etc., or synthetically manufactured using Aspergillus Niger, a fungus, through the process of fermentation. It is available in liquid and anhydrous forms. These citric acid compounds act as a preserving and flavoring agent and help to control the growth of microorganisms. They even boost metabolism and enhance nutrient absorption in the human body. Citric acid formulations even act as co-builder, mainly in concentrated liquid detergents with zeolite builder systems. Consequently, they find extensiv...