The European food acidulants market is anticipated to grow at a CAGR of 6.9% over the forecast period (2020-2026). UK, Germany, France, Italy, and Spain are some of the key economies contributing to the growth of the market over the forecast period. The key factors that drive the growth of the market include the increased demand for packaged food and ready-to-eat food across the region. The quickening pace of life and changing preferences of food towards healthy and nutritious food is further likely to support the growth of the European food acidulants industry over the forecast period.
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Further, the beverages segment is expected to hold the most substantial share in the market over the forecast period. The inclination of the consumers towards the adoption of health-conscious beverages owing to the dedication of the health-oriented consumers towards the low-calorie, organic products are gaining traction. This further drives the growth of the European food acidulants market over the forecast period. Rising consumers’ demand for food and beverage products prepared from safe ingredients is, further, projected to be a key driving factor for the market. Furthermore, increased demand for citric acid due to its compatibility with most of the end products and its preservative and other properties are also encouraging market growth.
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Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Type and By Applications
- Region Covered- Europe
- Competitive Landscape- Archer Daniels Midland Co., Cargill Inc., Corbion NV, Brenntag GmbH, Jungbunzlauer Ladenburg GmbH, and Tate & Lyle Plc
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Europe Food Acidulants Market – Segmentation
By Type
- Acetic Acid
- Citric Acid
- Lactic Acid
- Malic Acid
- Phosphoric Acid
- Others
By Applications
- Dairy & Frozen products
- Bakery & Confectionery
- Beverages
- Meat Products
- Others
Europe Food Acidulants Market – Countries Covered
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
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