Citric Acid Market accounted for US$ 3.26 billion in 2020 and is estimated to be US$ 5.03 billion by 2030 and is anticipated to register a CAGR of 4.50%. Citric acid, having the chemical formula C6H8O7, is a weak organic acid. Because of its features and characteristics, it is widely employed in a variety of end-use industries. It's generally utilised as a flavouring and chelating agent, as well as an acidifier. Citric acid, as one of the more potent edible acids, is commonly employed as a preservative in foods and beverages, particularly soft drinks. It's also used to clean limescale out of boilers and evaporators.

The report " Global Citric Acid Market, By Form (Power and Liquid), By Application (Food & Beverages, Pharmaceuticals, Personal Care, and Others (detergents & cleansers, animal feed, textile)) and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2029’’

Key Highlights:

• In 2021, Evofem Biosciences, Inc. and Orion Biotechnology Canada Ltd. have announced a collaboration agreement to assess the compatibility and stability of Orion's novel CCR5 antagonist, OB-002, in Evofem's Phexxi (lactic acid, citric acid, and potassium bitartrate) vaginal gel, with the goal of developing a Multipurpose Prevention Technology (MPT) product candidate for indications such as HIV prevention in women.