Latin America Citric Acid Market By Form (Liquid And Anhydrous), Application (Food (Confectionaries, Beverages, Convenience Food Products (Creams, Fats And Fillings, Soups And Sauces, Oils), Dairy Products), Pharmaceuticals, And Cosmetics, Reagents And Others), Function (Antioxidant, Acidulant, Preservative, And Sequestrant), Grade (Pharmaceutical, Industrial), And Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) – Size, Share, Trends, Growth, Forecast (2025 to 2033)
The Latin America Citric Acid Market size was calculated to be USD 0.32 billion in 2024 and is anticipated to be worth USD 0.51 billion by 2033 from USD 0.34 billion In 2025, growing at a CAGR of 5.15% during the forecast period. The Latin America Citric Acid market is predicted to showcase huge potential in the forecasting period.
Citric acid is an organic acid found in citrus fruits. It is mainly used as acidulant to add sour taste to soft drinks and foods and also used as preservative in various kinds of processed foods. It can also be used in the manufacturing of various detergents and cleaners, pharmaceuticals, industrial applications and personal care products.
Citric acid market is driven by factors like wide applicability of citric acid as an acidulant, emulsifier, preservative, sequestrant, flavorant, and buffering agent in various products of non-food and food industries. Rising applications of citric acid in detergents and cleansers for their biodegradability and other ecofriendly properties are also key driving factors of market.
However, these manufacturers face strong competition from inter and intra market peers. This acts as one of the major restraint restricting the market.
Food segment dominates the market with around three fourths of the share.
Major Key Players in the Latin America Citric Acid Market are Tate & Lyle plc, Archer Daniels Midland Company, Pfizer Inc, and Gadot Biochemical Industries
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from
$ 1600
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: sales@marketdataforecast.com
Reports By Region