Europe Citric Acid Market is Expected to Reach 648,400 Tons by 2027: IMARC Group

SHERIDAN, WYOMING, UNITED STATES, November 20, 2022 /EINPresswire.com/ -- According to the latest report by IMARC Group, titled “Europe Citric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the europe citric acid market. 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 represents a weak organic compound that is commonly found in citrus fruits, such as grapefruits, pomelos, oranges, lemons, etc. It assists in improving metabolism and enhancing nutrient absorption in the human body. Citric acid is extensively utilized for a wide array of industrial purposes, especially for controlling the growth of microorganisms, providing pH adjustment, manufacturing medicines, personal care products, and cosmetics, etc. In addition to this, it offers a less harmful formulation than phosphates in water systems. As such, citric acid finds wide-ranging applications in the food and beverage (F&B) industry as a flavoring and preserving agent.

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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.

Market Trends:

An enhanced focus on sustainable development and the escalating demand for organic personal care products are primarily driving the Europe citric acid market. Additionally, leading manufacturers are participating in joint ventures to expand their presence in the local market, which is acting as another significant growth-inducing factor. Besides this, the growing consumer awareness towards the adverse effects caused by the chemicals used in daily use items is propelling the need for natural-based variants so as to lower their chemical intake. Moreover, the widespread adoption of ready-to-drink (RTD) beverages and processed foods, the inflating levels of disposable income, and extensive investments in R&D activities are positively influencing the regional market. Apart from this, the rising utilization of citric acid as an additive in cleaners and detergents, adhesives and sealants, coatings, inks, plastics and polymers, clinical nutrition, feed and pet food, etc., is also bolstering the market growth. Furthermore, the introduction of novel enzyme immobilization technology to improve the productivity and sustainability of product manufacturing is anticipated to fuel the Europe citric acid market over the forecasted period.

Europe Citric Acid Market 2022-2027 Analysis and Segmentation:

The report has segmented the market on the basis on country, application, form.

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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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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