The Europe Citric Acid Market would witness market growth of 3.5% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 644.6 Kilo Tonnes, showcasing a growth of 2.8% (2019-2022).
It is employed in water treatment processes to control pH levels and prevent the precipitation of metal ions. This application is crucial in industries requiring precise control over water quality. The increasing customer preference for natural and organic products has significantly impacted the market. As a naturally occurring acid, It aligns with the clean label trend, prompting manufacturers to shift towards natural sourcing and extraction methods.
The growing understanding of health and wellness has prompted the use of citric acid in functional beverages, dietary supplements, and health-focused food products. Its role as an acidulant with potential health benefits has led to its incorporation in various health-oriented formulations. Ongoing advancements in biotechnological processes for the compound production enhance efficiency and sustainability. Strains of microorganisms are being optimized to increase yield and reduce the environmental footprint of the manufacturing.
As a natural acid derived from citrus fruits, it aligns well with clean-label trends, appealing to European health-conscious consumers. According to Germany Trade and Invest, Germany's food and beverage sector is the fourth-largest industry in Germany – generating a production value of EUR 185.3 billion in 2020. In the food industry, it serves as a flavor enhancer, contributing to the overall taste profile of various products. As the UK pharmaceutical sector expands, there may be a higher demand for this acid to ensure the stability and effectiveness of various medications. With an emphasis on developing child-friendly drug formulations, the pharmaceutical industry in the UK may increase the use of citric acid in this application. Due to the aforementioned factors the market growth will drive in this region.
The Germany market dominated the Europe Citric Acid Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $273.9 Million by 2030. The UK market is exhibiting a CAGR of 2.5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4.2% during (2023 - 2030).
Free Valuable Insights: The Global Citric Acid Market will Hit USD 4.9 Billion by 2030, at a CAGR of 3.9%
Based on Form, the market is segmented into Powder, and Liquid. Based on Application, the market is segmented into Food & Beverages, Pharmaceutical, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Form (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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