Non-GMO Citric Acid Market Growth Analysis | 2023-2028

Market Insights

The Non-GMO Citric Acid Market was estimated at USD xx billion in 2022 and is likely to grow at a CAGR of xx% during 2023-2028 to reach USD xx billion in 2028.

Want to know more about the market scope? Register Here

What is citric acid?

Citric acid is a fragile organic acid, which occurs in citrus fruits naturally. This acid is an intermediary in the acid cycle of citric in biochemistry, which arises in the metabolism of every organism of aerobic. Non-GMO Citric Acid is an acid not adjusted by transgenic technology or genetic engineering.

COVID-19 Impact

The COVID-19 outbreak has moderately affected the Non-GMO Citric Acid industry. The pandemic has turned the lives of people worldwide, with the number of cases increasing rapidly which has resulted in supply chain disruption. However, the food & beverages sector was less affected and there was a strong need for non-GMO citric Acid for convenience foods, thus spurring the market growth amid the pandemic.

Market Dynamics

The extensive applicability of non-GMO citric Acid as a buffering agent, flavoring, and acidulant in several products of food and non-food industries is likely to boost market growth in the coming years. The usage of citric acid, which is emerging in cleansers and detergents for its eco-friendly and biodegradability properties further augments the market growth. However, citric acid non-GMO sometimes is proven to be allergic, due to the mold which is expected to hamper the market growth during the review period.

Want to have a closer look at this market report? Click Here.

Segments Analysis

By Application Type

Based on application, the Non-GMO Citric Acid is classified into food & beverage, cosmetics, medical, and others. The food & beverage segment held a significant market share in 2022 and is estimated to register a healthy CAGR during the forecast timeline. Non-GMO Citric Acid is widely used in the making of concentrated juices, drink mixes, preserves, soft drinks, and candy. It is a non-GMO product, due to its pH stabilizing properties, preservative, flavoring, sodium citrate, and citric acid, which are used in the manufacturing of foods and beverages, which further bolsters the segment growth. 

Regional Insights

By region, the North American market accounted for a significant share in 2022 and is expected to grow at a substantial CAGR in the following years. People in North America are experiencing a digestive problem, which, in turn, is anticipated to boost the demand for non-GMO citric Acid in food & beverage, thus positively impacting the regional market. Moreover, rising awareness among consumers regarding the use of non-GMO citric Acid in food & beverage and pharmaceutical manufacturing to maintain digestive health further proliferates the regional market growth.

Know the high-growth countries in this report. Register Here

Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The non-GMO citric acid market is segmented into the following categories.

By Type

• Monohydrate Citric Acid
• Anhydrous Citric Acid

By Application Type

• Food & Beverage
• Cosmetics
• Medical
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, Indonesia, Thailand, Australia and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Click Here, to learn the market segmentation details.

Target Audience

Here is the list of the group of customers that the Non-GMO Citric Acid Market hopes to have the greatest opportunity to convert-

• Non-GMO Citric Acid vendors
• Non-GMO Citric Acid retailers
• Food & beverage companies
• Pharmaceutical companies

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Non-GMO citric acid market realities and future market possibilities for the forecast period.

The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the global market.

What Deliverables Will You Get in this Report?

Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Segmentation

• Current segmentation by any one of the product types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.