According to the latest report by IMARC Group, titled "Europe Citric Acid Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the Europe citric acid market size reached 528,300 Tons in 2022. Citric acid is an organic compound commonly found in different citrus fruits, such as lemons, limes, oranges, and tangerines. It is commercially available as a white crystalline powder that is used for cooking purposes to add sour flavor or to enhance the acidity of a recipe. It is also incorporated into various creams, which are used for clearing skin infections. It is also added to house cleaning agents, such as detergents and laundry cleaners, as it is capable of removing stains and odors easily. As it is widely used in the production of medications that lower the amount of acid in urine and prevents the formation of kidney stones, the demand for citric acid is rising in Europe.
Europe Citric Acid Market Trends:
At present, the increasing demand for citric acid in the food and beverage (F&B) industry as a preservative to prepare canned and jarred food products represents one of the primary factors propelling the growth of the market in Europe. Besides this, the rising utilization of citric acid in the production of fruity beverages is contributing to the growth of the market in the region. In addition, the growing employment of citric acid as an antioxidant in buffers and metal complexes is offering a favorable market outlook. Apart from this, the increasing employment of skin care products to maintain a smooth texture and healthy glow is supporting the growth of the market in Europe. Moreover, the rising incorporation of citric acid as a retarder in concrete mixtures is strengthening the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a volume of 674,300 Tons by 2028, exhibiting a CAGR of 3.7% during 2023-2028.
- On the basis of the application, the market has been segmented into food and beverages, household detergents and cleaners, pharmaceuticals, and others. Presently, food and beverages represented the largest segment in the market.
- Based on the form, the market has been bifurcated into anhydrous and liquid. At present, anhydrous holds the biggest share in the market.
- Country-wise, the market has been divided into Germany, France, the United Kingdom, Italy, Spain, and others.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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