Europe Organic Acids Market, 2024-2030

Organic acids are usually weak acids and are pervasive in the field of chemistry. Organic acids have lower corrosivity and slower reaction as compared to that of the mineral acids. Organic acids are the regular components of wines and fruit juices. In food industry, citric acid is one kind of organic acid found in various products such as sodas, canned tomatoes, and so on. Additionally, organic acids are frequently used as food additives and preservatives for preventing food deterioration and extending the shelf life of perishable food ingredients.

The Europe organic acidsmarket research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the Europe organic acids market is growing at a fast pace and increasing its geographical footprint rapidly. The Europe organic acids market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

Increasing the awareness regarding various health issues caused by the use of chemical additives and preservatives in cosmetic and food products and growing demand for the organic compound are expected to magnify the consumption of organic acids in various end use industries. Hence, this can act as a major driver for the market growth.Moreover, there is also an increasing demand for foods that are produced using milder treatments, which include heat, salt, sugar, and chemicals. Also, newer technologies are introduced to prevent the growth of dangerous bacteria, thus increasing the demand for organic acids in food applications.

The raw material cost and its availabilityare the major restraining factors for the organic acid. Additionally, infrastructural & technological obstacles along with the high cost and poor supply chain also hinder the market growth.Another major factor that hinders the market growth is the stringent regulations on synthetic production of organic acids in Europe.

The organic acids market has remarkable usage across all major countries in the Europe, such as Germany, France, Italy, UK, Belgium, and Rest of Europe. The major key players of the Europe organic acids market are BASF SE, BP Plc, Tate and Lyle Plc, Corbion NV, Jungbunzlauer Suisse AG, and so on.

Research Methodology

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.

Hence, the organic acid market has been divided based on types and applications. All types of organic acid were mapped for different end use sectors in different countries within Europe region. Findings were later integrated for a consolidated report.

Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations. This allowed a 360 view of the industry dynamic. Market Krystal held more than 30 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the Europe organic acids industry dynamics
• Estimation of the present Europe organic acids market size in terms of value and volume
• Europe organic acids market breakup based on type and application
• Substantiated Europe organic acids market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of Europe organic acids industry value chain.