The forecasted import of salts and esters of citric acid to the US shows a steady growth from 2024 through 2028. Comparing forecasts with the 2023 baseline, there is a consistent year-on-year increase in volume: 2025 by approximately 0.8%, 2026 by approximately 0.8%, 2027 by approximately 0.8%, and 2028 by approximately 0.8%. The compound annual growth rate (CAGR) for this period is estimated at around 0.8% over the five years, from 2024 to 2028. In 2023, the import stood at 33 million kilograms.
Looking towards future trends, factors to monitor include advancements in food and beverage industries requiring citric acid derivatives and global supply chain dynamics, which could affect both demand and import volume variably. Environmental regulations and a push for renewable products might also influence import patterns significantly.
