Citric acid (C6H8O7, 2 - hydroxy - 1,2,3 - propane tricarboxylic acid), a natural constituent and common metabolite of plants and animals, is the most versatile and widely used organic acid in the field of food (60%) and pharmaceuticals (10%). It has got several other applications in various other fields. Currently, the global production of citric acid is estimated to be around 736000 tones/year (Química e Derivados, 1997), and the entire production is carried out by fermentation. In Brazil, almost the entire demand of citric acid is met through imports. There is constant increase (3.5-4%) each year in its consumption, showing the need of finding new alternatives for its manufacture.
Citric acid is a cost effective ingredient with wide ranging applications in various industries such as food & beverages, animal feed, metal finishing and others, which is expected to drive the market growth over the forecast period. The global citric acid market is currently witnessing major trends like the increasing usage of citric acid as a cleaning agent due to ban on phosphate in various regions. Global sale of citric acid was valued at US$ 2,756.5 Mn in 2015, and is projected to be valued at US$ 4,494.8 Mn by 2026. Sales revenue is expected to register a CAGR of 4.6% during the forecast period (2016–2026). In terms volume, the market is expected to witness a CAGR of 3.7% during the forecast period.