Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Form (Liquid, Powder), By Application (Pharmaceutical, Food & beverages, Others) And Competitive Landscape
Product Code: ETC078362 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Europe Citric Acid Market has witnessed robust growth over the past few years and is also expected to continue in the upcoming years. The key growth drivers of citric acid in Europe are the usage of lemons along with functional food additives from the flourishing processed food & beverage market of the region. The consumption of lemons is increasing and regular shortfalls in the Spanish supply is expected to result in more demand for non-European lemons. Moreover, the western Europe represents the world’s largest buyers of citric acid, wherein the major markets are the United Kingdom, France, and Germany. European market heavily relies on Spain’s production, which supplies a huge percentage of the lemons. Shortfalls in the Spanish lemon season are expected to surge opportunities for lemon exporters from outside Europe which would further boost the Citric Acid Market growth in the region.
According to 6Wresearch, Europe Citric Acid Market is anticipated to register growth during 2021-27. Based on countries, the United Kingdom is leading the Citric Acid market revenue in Europe. Also, the manufacturers of citric acid face strong competition from inter and intra market peers. This acts as one of the major restraints of the market. The impact of COVID 19 was influencing the citric acid market in Europe by halting of imports/exports. Consumption got reduced. Growth and demand drivers of the market reduced. Also, the outbreak of the COVID-19 has fuelled the market demand as the virus is infecting individuals with lower immunity, whereas citric acid helps in boosting immunity.
Based on application, the Citric Acid market is segmented into Food & beverages, Pharmaceuticals, and Others. Out of which, Food& beverages segment is dominating the market with around three-fourths of the share and is also expected to boost in the coming years due to the extensive use of the product and also due to the increasing demand for the product in the food & beverage industry. In terms of form, the Citric Acid market segmentation is done under Powder and Liquid. Amongst these, the powder segment is holding a major revenue share in the Citric Acid market as it is highly used in beverages and food applications for flavouring and preservation.
Europe Citric Acid Market report thoroughly covers the market by form, applications, and countries including the United Kingdom, Russia, France, Germany, Italy, Spain and the rest of Europe. Europe Citric acid Market outlook report provides an unbiased and detailed analysis of the ongoing Europe Citric acid market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Citric Acid Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Citric Acid Market Revenues & Volume, 2020 & 2027F |
3.3 Europe Citric Acid Market - Industry Life Cycle |
3.4 Europe Citric Acid Market - Porter's Five Forces |
3.5 Europe Citric Acid Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Europe Citric Acid Market Revenues & Volume Share, By Form, 2020 & 2027F |
3.7 Europe Citric Acid Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Europe Citric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Citric Acid Market Trends |
6 Europe Citric Acid Market, 2017 - 2027 |
6.1 Europe Citric Acid Market, Revenues & Volume, By Form, 2017 - 2027 |
6.2 Europe Citric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
7 Germany Citric Acid Market, 2017 - 2027 |
7.1 Germany Citric Acid Market, Revenues & Volume, By Form, 2017 - 2027 |
7.2 Germany Citric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
8 United Kingdom Citric Acid Market, 2017 - 2027 |
8.1 United Kingdom Citric Acid Market, Revenues & Volume, By Form, 2017 - 2027 |
8.2 United Kingdom Citric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
9 France Citric Acid Market, 2017 - 2027 |
9.1 France Citric Acid Market, Revenues & Volume, By Form, 2017 - 2027 |
9.2 France Citric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Italy Citric Acid Market, 2017 - 2027 |
10.1 Italy Citric Acid Market, Revenues & Volume, By Form, 2017 - 2027 |
10.2 Italy Citric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Russia Citric Acid Market, 2017 - 2027 |
11.1 Russia Citric Acid Market, Revenues & Volume, By Form, 2017 - 2027 |
11.2 Russia Citric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
12 Spain Citric Acid Market, 2017 - 2027 |
12.1 Spain Citric Acid Market, Revenues & Volume, By Form, 2017 - 2027 |
12.2 Spain Citric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
13 Rest of Europe Citric Acid Market, 2017 - 2027 |
13.1 Rest of Europe Citric Acid Market, Revenues & Volume, By Form, 2017 - 2027 |
13.2 Rest of Europe Citric Acid Market, Revenues & Volume, By Application, 2017 - 2027 |
14 Europe Citric Acid Market Key Performance Indicators |
15 Europe Citric Acid Market - Opportunity Assessment |
15.1 Europe Citric Acid Market Opportunity Assessment, By Countries, 2020 & 2027F |
15.2 Europe Citric Acid Market Opportunity Assessment, By Form, 2020 & 2027F |
15.3 Europe Citric Acid Market Opportunity Assessment, By Application, 2020 & 2027F |
16 Europe Citric Acid Market - Competitive Landscape |
16.1 Europe Citric Acid Market Revenue Share, By Companies, 2020 |
16.2 Europe Citric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |