November 30th, 2022
According to the latest report by IMARC Group, titled “Europe Citric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The Europe citric acid market size reached 506,500 Tons in 2021. Looking forward, IMARC Group expects the market to reach 648,400 Tons by 2027, exhibiting a growth rate (CAGR) of 4.3% during 2022-2027.
Citric Acid (C6H8O7) is a weak organic, sharp-tasting crystalline tricarboxylic acid, which is extracted from sour fruits in the form of juice. It can be further formulated through the fermentation of molasses and glucose. Citric acid is widely used in the food and beverage (F&B) sector for eliminating the growth of microorganisms by lowering the PH levels.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The citric acid market of Europe is primarily being driven by the widespread adoption of citric acid in various industrial verticals, such as pharmaceuticals, commercial, residential, and food and beverage (F&B) for manufacturing medicines, cosmetics, personal care products and alcohol. Furthermore, numerous initiatives undertaken by the European Union (EU) for launching sustainable product variants is propelling the market growth. Other factors, such as the increasing utilization of novel enzyme immobilization technology and the rising demand for organic products, are creating a positive outlook for the market across the region.
Breakup by Application:
Food and Beverages
Household Detergents and Cleaners
Breakup by Form:
Breakup by Country:
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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