According to the latest report by IMARC Group, titled “Europe Citric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” offers a comprehensive analysis of the industry, which comprises insights on the europe citric acid market share. 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.
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.
Europe Citric
Acid Market Trends:
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.
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Europe
Citric Acid Market
2022-2027 Analysis and Segmentation:
Breakup
by Application:
- Food and Beverages
- Household Detergents
and Cleaners
- Pharmaceuticals
- Others
Breakup
by Form:
- Anhydrous
- Liquid
Breakup
by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
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Analyst for Customization and Explore Full Report with TOC & List of
Figure: https://www.imarcgroup.com/europe-citric-acid-market
Key
highlights of the report:
- Market Performance
(2016-2021)
- Market Outlook
(2022-2027)
- Porter’s Five Forces
Analysis
- Market Drivers and
Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping
of the Competitive Landscape
If you need specific
information that is not currently within the scope of the report, we can
provide it to you as a part of the customization.
If you want latest primary
and secondary data (2022-2027) with Cost Module, Business Strategy,
Distribution Channel, etc. Click request free sample report, published report
will be delivered to you in PDF format via email within 24 to 48 hours of
receiving full payment.
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