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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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Citric acid is a weak organic compound that is commonly found in citrus fruits, such as lemon, oranges, grapefruits, and pomelos. Generally utilized in the food industry as a flavoring and preserving agent, it aids in improving metabolism and enhances nutrient absorption in the human body. Apart from this, citric acid is also utilized for a vast array of industrial purposes, especially for providing pH adjustment, controlling the growth of microorganisms, and manufacturing medicines, personal care products, and cosmetics.
The market in Europe is primarily driven by an enhanced focus on sustainable development. This has impelled numerous players in the region to launch sustainable product variants in the market. Furthermore, leading companies across the region are also participating in joint ventures to expand their presence in the local market. Market players are also utilizing novel enzyme immobilization technology to improve the productivity and sustainability of product manufacturing. Some of the other factors contributing to the market growth include the rising preference for organic personal care products and extensive research and development (R&D) activities.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe citric acid market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on application and form.
Breakup by Application:
Breakup by Form:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Application, Form, Country|
|Countries Covered||Germany, France, United Kingdom, Italy, Spain, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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