Europe Organic Acid Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.46 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Organic Acid Market Analysis
Europe Organic Acid Market is projected to grow at a CAGR of 8.46% during the forecasted period 2021-2026.
- 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.
Europe Organic Acid Market Trends
This section covers the major market trends shaping the Europe Organic Acid Market according to our research experts:
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).
Europe Organic Acid Industry Overview
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.
Europe Organic Acid Market Leaders
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Cargill, Incorporated
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BASF SE
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Tate & Lyle PLC
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DuPont
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Jungbunzlauer Suisse AG
*Disclaimer: Major Players sorted in no particular order
Europe Organic Acid Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
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4.3.1 Bargaining Power of Buyers/Consumers
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4.3.2 Bargaining Power of Suppliers
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4.3.3 Threat of New Entrants
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Acetic Acid
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5.1.2 Citric Acid
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5.1.3 Lactic Acid
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5.1.4 Other Types
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5.2 By Application
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5.2.1 Food and Beverage
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5.2.2 Animal Feed
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5.2.3 Pharmaceuticals
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5.2.4 Other Applications
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5.3 By Geography
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5.3.1 United Kingdom
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5.3.2 Germany
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5.3.3 France
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5.3.4 Russia
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5.3.5 Italy
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5.3.6 Spain
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5.3.7 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Market Share Analysis
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6.2 Most Active Companies
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6.3 Most Adopted Strategy
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6.4 Company Profiles
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6.4.1 Cargill Incorporated
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6.4.2 Jungbunzlauer Suisse AG
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6.4.3 BASF SE
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6.4.4 BP PLC
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6.4.5 Tate & Lyle PLC
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6.4.6 Koninklijke DSM NV
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6.4.7 DuPont
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6.4.8 Corbion NV
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6.4.9 PTT Global Chemical (Myriant Corporation)
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6.4.10 Polynt-Reichhold
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACTOF COVID-19 ON THE MARKET
Europe Organic Acid Industry Segmentation
Europe organic acid market has been segmented by type, application, and geography. Based on type, the market is segmented into acetic acid, citric acid, lactic acid, and others. Based on application, the market is segmented into food & beverage, animal feed, pharmaceuticals, and others. Also, the study provides an analysis of the organic acid market in the emerging and established markets across the region, including Germany, United Kingdom, Spain, France, Russia, Italy, and the rest of Europe.
| By Type | |
| Acetic Acid | |
| Citric Acid | |
| Lactic Acid | |
| Other Types |
| By Application | |
| Food and Beverage | |
| Animal Feed | |
| Pharmaceuticals | |
| Other Applications |
| By Geography | |
| United Kingdom | |
| Germany | |
| France | |
| Russia | |
| Italy | |
| Spain | |
| Rest of Europe |
Europe Organic Acid Market Research FAQs
What is the current Europe Organic Acid Market size?
The Europe Organic Acid Market is projected to register a CAGR of 8.46% during the forecast period (2024-2029)
Who are the key players in Europe Organic Acid Market?
Cargill, Incorporated, BASF SE, Tate & Lyle PLC, DuPont and Jungbunzlauer Suisse AG are the major companies operating in the Europe Organic Acid Market.
What years does this Europe Organic Acid Market cover?
The report covers the Europe Organic Acid Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Organic Acid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Organic Acid Industry Report
Statistics for the 2024 Europe Organic Acid market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Europe Organic Acid analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
