Market Size of Europe Organic Acid Industry
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 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 Size Summary
The Europe Organic Acid Market is experiencing significant growth, driven by factors such as an increasing population, heightened purchasing power, and a growing awareness of the health benefits associated with natural products. The shift in consumer perception towards organic and natural ingredients is further propelling the demand for organic acids across the region. Additionally, stringent government regulations limiting the use of chemical preservatives in the food, feed, and agriculture sectors are contributing to the rising demand for organic acids. The surge in the vegan population since 2016 has also amplified the need for natural food additives and preservatives, creating a promising growth trajectory for the market. However, the COVID-19 pandemic posed challenges, including supply chain disruptions and manufacturing shutdowns, which temporarily impacted market growth.
In the European region, citric acid is widely utilized as a food additive, particularly in the food and beverage industry, due to the increasing demand for savory snacks and natural preservatives. The regulatory environment in countries like the United Kingdom, which allows unrestricted use of citric acid, encourages market expansion. Germany's robust food and beverage sector, which processes a significant portion of agrarian products, also drives demand for organic acids, especially in the pharmaceutical and food industries, due to their low toxicity. Major players in the market, such as Cargill, Incorporated, Jungbunzlauer Suisse AG, BASF SE, BP Plc, Tate & Lyle PLC, and Corbion N.V., are focusing on effective production standards and specialized organic acid grades to meet diverse applications. These companies are also adapting their business strategies to align with supply-demand dynamics, ensuring sustainable growth in the market.
Europe Organic Acid Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Buyers/Consumers
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1.3.2 Bargaining Power of Suppliers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Acetic Acid
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2.1.2 Citric Acid
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2.1.3 Lactic Acid
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2.1.4 Other Types
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2.2 By Application
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2.2.1 Food and Beverage
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2.2.2 Animal Feed
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2.2.3 Pharmaceuticals
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2.2.4 Other Applications
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2.3 By Geography
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2.3.1 United Kingdom
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2.3.2 Germany
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2.3.3 France
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2.3.4 Russia
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2.3.5 Italy
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2.3.6 Spain
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2.3.7 Rest of Europe
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Europe Organic Acid Market Size 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.