Europe Organic Acid Market - Growth, Trends and Forecasts (2022 - 2027)

Europe Organic Acid Market is projected to grow at a CAGR of 8.46% during the forecasted period 2021-2026.

Key Highlights

• Growing population, high purchasing power, and increasing awareness as well as changing perception towards healthy features of natural products are propelling the demand and consumption of organic acids across Europe. Government regulations and restrictions on the use of chemicals as preservatives in food, feed, and agriculture industries are some of the major factors boosting the demand for organic acids in Europe.
• The number of vegan population has drastically increased since 2016 in the European region, which further increases the demand for natural food additives and preservatives, like organic acids in the region. Hence, creating a potential market growth for the market studied during the forecast period.
• On the other hand, the region has faced some issues during the COVID-19 pandemic such as supply chain disturbtion and shutdown of manufacturing facilities due to the lockdown norms across the globe, which has impacted the orgnic acid market growth significantly.

Key Market Trends

Surge in Demand for Citric Acid in Food and Beverage Industry

Citric acid is extensively used as a food additive in the food and beverage industry in the European region, that is because of the rising demand for savory snacks across the region, and the demand for natural food preservatives and flavors is expected to boost the demand for citric acid in the processed food and beverages industry across rest of European countries. Moreover, according to food regulating agencies in the United Kingdom, citric acid can be added to food without any restrictions, which in turn, encourages market players to expand their business in the country, hence eventually boost the market growth.

Germany Holds the Largest Market Share

The food and beverage sector is a key pillar in Germany, ~80 % of agrarian products in Germany are processed by the industry to high-quality food and drinks. There is a high demand among German food and pharma manufacturers for organic acid, due to its low toxicity, as compared with other acidulants used mainly in the pharmaceutical and food industries. Abiding by the regulations in the country, the beverage manufacturers in Germany use organic acid such as citric acid for the targeted acid enrichment of wines and basic champagne wines (up to a maximum content of 100 g/hl citric acid in finished wine and in basic champagne wine).

Competitive Landscape

Some of the major players in the Europe Organic Acid market are Cargill, Incorporated, Jungbunzlauer Suisse AG, BASF SE, BP Plc, Tate & Lyle PLC, and Corbion N.V among others. The key players are also known to adopt effective production standards, higher operational capabilities, particularly, with the design and development of specialized grades of organic acid that have pharmaceutical and food applications. Moreover, the companies are also consolidating and restructuring their business in line, with the supply-demand dynamics that facilitate them with sustainable sales growth.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support