The Europe Citric Acid Market was valued at US$ XX million in 2021 and is predicted to grow at US$ XX million by 2026 with an increasing CAGR of XX% during 2021-2026.
Citric acid is considered a weak organic acid found in fruits and vegetables and can be used to add acidity to food and juice. The citric acid market is divided into liquid and powdered citric acid. Food-grade, industrial-grade, and pharmaceutical-grade citric acid are all different types of citric acid. Food-grade citric acid is soluble in water and used to flavor dishes in general. The pH of meals is balanced by adding citric acid, while PH control is employed in pectin to gelatinize and fix gelatin. It's also used in wine to prevent secondary turbidity metals from forming during the oxidation process. Citric acid is also utilized in bacteria-killing cleaning procedures. It can also be used to clean soapy dirt and corrosion.
One of the primary factors driving Europe citric acid market expansion during the forecast period is the increased demand from the food and beverage industry. Consumers prefer products created from natural plant-based substances because of the rising number of health-related issues. Due to the limitation of phosphates in many places, citric acid is widely utilized in cleaning products, which may help the market's expansion in the following years. The major participants in this business are making many changes. The leading players will invest in various research and development efforts to support the citric acid market's expansion during the projected period. Citric acid improves the flavor and adds a sour and tart note. In addition, acids effectively inhibit microbial development and extend shelf life when used as food additives. The reasons indicated above are expected to raise demand for the product in the next six years.
Citric acid is mainly utilized to extend the shelf life of prepared meals in the local food processing industry. This industry is expected to benefit from a well-organized food processing sector in the area. The use of citric acid in functional foods, nutritional cosmetics, and dietary supplements, particularly infant formulas, is subject to tight regulations that challenge local companies. As a result, product innovation in infant formulae has stalled. Manufacturers are introducing citric acid-based products into various market areas, including candy, diabetic baked goods, ice cream, low-calorie gelatin, low-calorie sugar, diet drinks and snacks, and low-fat dairy products. As the market for these products grows, consumer demand is projected to rise. Citric acid is primarily utilized as a food and beverage additive in personal care products, detergents, adhesives and sealants, pharmaceuticals and clinical nutrition, coatings, inks, and feed.
Consumers have moved to organic items to limit their chemical consumption as an understanding of the adverse effects of chemicals used in daily products has grown. This created a bright prognosis for the citric acid market's growth. Furthermore, due to continued economic expansion, busy lifestyles, expanding urbanization, and rising disposable incomes, demand for ready-to-drink beverages and processed meals is increasing in emerging countries. Therefore, emerging markets are expected to be the citric acid market's future growth engines. In addition, the pharmaceutical industry's rise presents several prospects for the Europe citric acid market to expand in the coming years.
Excessive usage of citric acid might be harmful to one's health, which could be one of the market's biggest concerns. Furthermore, large doses of citric acid can raise bodily toxicity, resulting in renal difficulties, nerve damage, and abrupt damage, which are the primary factors limiting the Europe citric acid market's growth throughout the projection period.
Based on form, liquid citric acid tends to dominate the Europe citric acid market growth during 2021-2026. Liquid Citric Acid is a clear, colorless liquid with a sharply acidic flavor and odor reminiscent of freshly squeezed lemons. It's generally used in meals and beverages as an acidulant to mimic the sour flavor of citrus fruits like lemon and lime. Corn or molasses sugars can be fermented with appropriate microorganisms to make liquid citric acid. The citric acid of this sort is commonly found in fruit juices, carbonated beverages, and ice creams.
Based on application, food & beverages segment is anticipated to hold the largest citric acid market share in the next six years. Citric acid is a naturally occurring preservative and food ingredient. It can also impart an acidic flavor to the meals in which it is utilized. In addition, citric acid has numerous other health, safety, and color retention features, making it one of the most significant substances in various industries such as Food & Beverage, Pharmaceuticals & Personal Care, and Detergents & Cleansers.
Based on function, acidulant is anticipated to propel the Europe citric acid market forward during the forecast period. Acidulants are acids that occur naturally in vegetables and fruits or are added to beverages as additions. Tartaric acid, adipic acid, fumaric acid, citric acid, phosphoric acid, lactic acid, malic acid, and acetic acid are commonly utilized in beverages to serve various roles.
Based on grade, the pharmaceutical segment is expected to grow with the highest CAGR in the next six years. Citric acid is becoming increasingly popular for regulating pH in pharmaceuticals and producing salt derivatives of minerals and metals. Moreover, citric acid is also used in antacids from being used as a chelating agent. In addition, it denitrifies due to the effervescent effect it generates when combined with carbonates or bicarbonates, boosting the pharmaceuticals segment's growth.
The Europe Citric Acid Market Report includes the segmentation of countries:
Europe tends to have a significant citric acid market share. People in Germany, for example, are aware of the need to preserve gut health. As a result, demand for goods like citric acid-based yogurt has soared. The growing demand for citric acid in countries like Germany and the United Kingdom fuels the global citric acid aid market. Spain and Italy act as the important countries in Europe. The food and beverage firms, for example, are Germany's cornerstone, processing 80 percent of the country's agricultural goods into high-quality food and beverages. In addition, citric acid is in high demand among German food and pharmaceutical firms due to its lesser toxicity when compared to other acidic agents utilized primarily in the pharmaceutical and food industries.
Furthermore, in the United Kingdom, the number of breweries has lately risen. Craft brewers are known to utilize citric acid additions to give their beers a Belgian-style tartness, which drives up demand for citric acid in the UK food and beverage business.
The pandemic had a negative impact on the Europe citric acid market in the early 20's. Items for the wider public Lower demand and disrupted supply chains are causing problems for food and beverage companies due to the corona crisis. Moreover, due to the lockdowns, home consumption has increased among consumers, out-of-home spending, which has historically generated a great number of sales. Therefore, changes in customer behavior and demand over time are possible.
Key Players listed in the Market:
Major key Players in the Europe Citric Acid Market are
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Citric Acid Market, By Form
6.1.1 Anhydrous
6.1.2 Liquid
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Citric Acid Market, By Application
6.2.1 Food & Beverages
6.2.2 Confectionaries
6.2.3 Convenience Food Products
6.2.4 Pharmaceuticals
6.2.5 Cosmetics
6.2.6 Reagents
6.2.7 Others
6.2.8 Market Size Estimations & Forecasts (2021-2026)
6.2.9 Y-o-Y Growth Rate Analysis
6.2.10 Market Attractiveness Index
6.3 Citric Acid Market, By Function
6.3.1 Acidulant
6.3.2 Antioxidant
6.3.3 Preservative
6.3.4 Sequestrant
6.3.5 Market Size Estimations & Forecasts (2021-2026)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 Citric Acid Market, By Grade
6.4.1 Pharmaceutical
6.4.2 Industrial
6.4.3 Market Size Estimations & Forecasts (2021-2026)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Regional Citric Acid Market, by Region
7.2 Europe - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.1.1 UK
7.2.1.2 France
7.2.1.3 Germany
7.2.1.4 Spain
7.2.1.5 Italy
7.2.1.6 Rest of Europe
7.2.2 By Form
7.2.3 By Application
7.2.4 By Function
7.2.5 By Grade
8. Key Player Analysis
8.1 Pfizer, Inc
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Cargill, Inc
8.3 Tate & Lyle plc
8.4 Danisco A/S
8.5 Kenko Corporation
8.6 Archer Daniels Midland
8.7 Gadot Biochemical
8.8 COFCO Biochemical (AnHui) Co., Ltd
8.9 RZBC Group Co. Ltd
8.10 S.A. Citrique Belge N.V
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
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Apr 2021
