Europe Organic Acid Market Size, Share, and COVID-19 Impact Analysis, By Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Gluconic Acid, Fumaric Acid, Itaconic Acid, Others), By End User (Food & Beverage, Animal Feed, Chemical & Industrial, Pharmaceuticals, Personal Care, Agriculture, Others), By Country (United Kingdom, Germany, Italy, France, Spain, Netherlands, Rest of Europe), and Europe Organic Acid Market Insights Forecasts to 2033
Industry: Food & BeveragesEurope Organic Acid Market Insights Forecasts to 2033
- The Market Size is Growing at a CAGR of 8.37% from 2023 to 2033.
- The Europe Organic Acid Market Size is Expected to Hold a Significant Share by 2033.
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The Europe Organic Acid Market Size is expected to Hold a Significant Share by 2033, at a CAGR of 8.37% during the forecast period 2023 to 2033.
Market Overview
Organic acids are defined as slightly acidic organic compounds having a low molecular mass. Agro-industrial leftovers such as cassava bagasse, which is coffee husk, apple pomace, soybean, sugarcane, maize cobs, press-mud, wheat bran, citric pulps, and fruit peels can also be fermented to generate them. When it comes to chelating metallic ions and stimulating oil and gas, organic acids are quite helpful. They are extensively utilized as preservatives, flavour enhancers, emulsifiers, acidulants, and antioxidants. Organic acids can be used in extremely hot or cold temperatures and are less reactive than the mineral acids typically used. Consequently, they are widely used in the food processing process. In Germany, consumers are looking for products that are more natural, healthier, and free of artificial ingredients and chemicals. The German food and beverage industry is experiencing a surge in demand for organic acids due to increased customer demand. Since organic acids are frequently obtained from natural sources like fruits and microorganisms, people seeking sustainable and natural options tend to favour them. Germany is in an excellent position to supply the market's growing demand for organic acids because of its strong emphasis on sustainability and quality.
Report Coverage
This research report categorizes the market for Europe organic acid market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe organic acid market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Europe organic acid market.
Europe Organic Acid Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 8.37% |
Historical Data for: | 2019-2022 |
No. of Pages: | 190 |
Tables, Charts & Figures: | 115 |
Segments covered: | By Type, By End User By Country |
Companies covered:: | BP PLC, Tate & Lyle PLC, Koninklijke DSM NV, DuPont, Cargill Incorporated, Jungbunzlauer Suisse AG, BASF SE, Corbion NV, PTT Global Chemical, Polynt-Reichhold, and other key companies. |
Pitfalls & Challenges: | Covid-19 Empact, Challenges, Growth, Analysis. |
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Driving Factors
German consumers are well-known for their great awareness of and readiness to use organic and natural food additives. Consumers are looking for products that are more natural, healthier, and free of artificial ingredients and chemicals. The German food and beverage industry is experiencing a surge in demand for organic acids due to increased customer demand. Since organic acids are frequently obtained from natural sources like fruits and microorganisms, people seeking sustainable and natural options tend to favour them. Germany is in an excellent position to supply the market's growing demand for organic acids because of its strong emphasis on sustainability and quality.
Restraining Factors
The manufacturing of organic acids gets hampered as a result of this volatility, which also raises the potential for shortages and uncertain costs. The pricing of these acids is directly impacted by such disruptions, making it challenging for producers to keep their product prices steady.
Market Segment
- In 2023, the acetic acid segment accounted for the largest revenue share over the forecast period.
Based on the type, the Europe organic acid market is segmented into acetic acid, citric acid, formic acid, lactic acid, gluconic acid, fumaric acid, itaconic acid, and others. Among these, the acetic acid segment has the largest revenue share over the forecast period. Acetic acid is used in the food industry for more reasons than only preservation; it gives a variety of items a unique flavour. Its acidic and vinegary undertones can be found in pickles, sauces, dressings, and condiments; they give food preparations a pleasant pop. Similar to this, acetic acid is essential to the manufacture and formulation of many medications in the pharmaceutical business, helping to ensure their stability and efficacy.
- In 2023, the food & beverage segment accounted for the largest revenue share over the forecast period.
On the basis of end user, the Europe organic acid market is segmented into food & beverage, animal feed, chemical & industrial, pharmaceuticals, personal care, agriculture, and others. Among these, the food & beverage segment has the largest revenue share over the forecast period. A lot of organic acids are used in the food and beverage business, including lactic acid, citric acid, and acetic acid. They have several uses, such as flavour enhancement, pH adjustment, and preservation. For example, organic acids are frequently used to improve taste profiles, increase shelf life, and maintain product safety by preventing the growth of dangerous microbes in beverages, pastries, dairy products, and confectionery.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Europe organic acid market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- BP PLC
- Tate & Lyle PLC
- Koninklijke DSM NV
- DuPont
- Cargill Incorporated
- Jungbunzlauer Suisse AG
- BASF SE
- Corbion NV
- PTT Global Chemical
- Polynt-Reichhold
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Europe organic acid market based on the below-mentioned segments:
Europe Organic Acid Market, By Type
- Acetic Acid
- Citric Acid
- Formic Acid
- Lactic Acid
- Gluconic Acid
- Fumaric Acid
- Itaconic Acid
- Others
Europe Organic Acid Market, By End User
- Food & Beverage
- Animal Feed
- Chemical & Industrial
- Pharmaceutical
- Personal Care
- Agriculture
- Others
Europe Organic Acid Market, By Country
- United Kingdom
- Germany
- Italy
- France
- Spain
- Netherlands
- Rest of Europe
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