Product Code: ETC130684 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India citric acid market import shipment demonstrated significant growth with a CAGR of 15.6% from 2020 to 2024. However, there was a slight decline in growth rate between 2023 and 2024 by -4.1%. Overall, the market expansion showed a slight slowdown towards the end of the period.
The India citric acid market is estimated to reach USD 1.4 billion by 2022, growing at a CAGR of 5.7%. The rising demand for food and beverages, increased awareness among consumers about health benefits associated with citric acid consumption, and growth in the pharmaceutical industry are some of the major drivers propelling the growth of this market in India. Additionally, increasing preference for convenience foods due to rapid urbanization further fuels the growth of this market in India.
Rising Demand for Food and Beverages: The growing population has substantially increased the demand for processed food products such as ready-to-eat meals and snacks which contain preservatives including citric acid that help increase shelf life while maintaining product quality and taste over time. This factor is expected to drive lucrative opportunities during the upcoming years in India`s citric acids market. Increased Awareness Among Consumers About Health Benefits Associated With Citric Acid Consumption: Growing consumer awareness regarding health benefits associated with consuming organic fruit juices containing low amounts of sugar but rich in natural vitamins sourced from citrus fruits has boosted sales significantly over recent years . Furthermore , manufacturers have started fortifying their products with vitamin C derived from natural sources like lemons or oranges which is driving up demand for organically found forms of citric acids recently.
High Manufacturing Costs : Obtaining pure forms of synthetic organic compounds like anhydrous sodium sulfite along with other chemicals can incur high costs when it comes to manufacturing large volumes . Additionally , setting up new production plants requires substantial amount investments thus limiting access for certain local players leading them to focus more on downstream applications instead.
Development Of Nutraceutical Products Containing Natural Sources Of Vitamin C : Manufacturers have been focusing on introducing nutraceutical products enriched with naturally occurring components such as vitamin C extracted from lemon or orange juice concentrate which helps provide additional health benefits without risking any side effects caused by synthetic variants usually used before adding flavorings or colors into various edible items . Such innovations will be beneficial towards creating higher margins within competitive landscape currently prevailing across India?s marketspace today.
Some key players operating in this space include Himalaya Drug Company Ltd., Arch Pharmalabs Ltd,, Amul Industries Pvt., Ltd., Gharda Chemicals Limited (GCL), Aurochem Laboratories Inc., Prat
India Citric Acid |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Citric Acid Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Citric Acid Market Revenues & Volume, 2021 & 2031F |
3.3 India Citric Acid Market - Industry Life Cycle |
3.4 India Citric Acid Market - Porter's Five Forces |
3.5 India Citric Acid Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 India Citric Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Citric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for citric acid in food and beverage industry as a natural preservative and flavor enhancer. |
4.2.2 Growth in pharmaceutical industry leading to higher demand for citric acid in medicines and supplements. |
4.2.3 Rising awareness about health benefits of citric acid leading to its increased usage in personal care and cosmetic products. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like citrus fruits impacting the production cost of citric acid. |
4.3.2 Stringent regulations related to environmental concerns and waste management in citric acid production. |
4.3.3 Competition from other acidulants and preservatives affecting the market share of citric acid. |
5 India Citric Acid Market Trends |
6 India Citric Acid Market, By Types |
6.1 India Citric Acid Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 India Citric Acid Market Revenues & Volume, By Form, 2021-2031F |
6.1.3 India Citric Acid Market Revenues & Volume, By Liquid, 2021-2031F |
6.1.4 India Citric Acid Market Revenues & Volume, By Powder, 2021-2031F |
6.2 India Citric Acid Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Citric Acid Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.3 India Citric Acid Market Revenues & Volume, By Food & beverages, 2021-2031F |
6.2.4 India Citric Acid Market Revenues & Volume, By Others, 2021-2031F |
7 India Citric Acid Market Import-Export Trade Statistics |
7.1 India Citric Acid Market Export to Major Countries |
7.2 India Citric Acid Market Imports from Major Countries |
8 India Citric Acid Market Key Performance Indicators |
8.1 Percentage increase in the number of new product launches containing citric acid. |
8.2 Growth in the number of citric acid manufacturing facilities in India. |
8.3 Adoption rate of citric acid substitutes in different industries. |
9 India Citric Acid Market - Opportunity Assessment |
9.1 India Citric Acid Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 India Citric Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Citric Acid Market - Competitive Landscape |
10.1 India Citric Acid Market Revenue Share, By Companies, 2024 |
10.2 India Citric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |