Global Organic Acids Market Share Is Likely To Reach At A CAGR Value Of Around 5.30% By 2028

07-Oct-2022 | Facts and Factors

According to Facts and Factors, the global organic acids market size was worth USD 10,982.40 million in 2021 and is estimated to grow to USD 14,971.57 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.30% over the forecast period. The report analyzes the organic acids market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the organic acids market.

The organic acid is an organic compound with weak acidic properties. It can be produced through molasses, and agro-industrial residues, such as soybean, sugarcane, wheat bran, citric pulp, and fruit peels. Organic acid includes some commonly used carboxyl, formic, lactic, and malic acid. Food manufacturers widely use them as antioxidants and preservatives, inactivating or inhibiting the growth of bad microorganisms and foodborne pathogens. They are highly beneficial in treating oil, gas, and metallic ions. Furthermore, various applications of organic acids comprise food & beverages and personal care products which have attained significant attention in the few years.

Request Sample Request Customization Buy Now

Browse the full “Organic Acids Market Size, Share, Growth Analysis Report By Type (Acetic Acid, Lactic Acid, Citric Acid, Formic Acid, Propionic Acid, Ascorbic Acid, Gluconic Acid, Fumaric Acid, Malic Acid, and Others Acid), By Application (Food & Beverages, Feed, Pharmaceuticals, and Industrial), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/organic-acids-market

One of the primary elements promoting a favorable outlook for the global organic acids market is the significant increase in the food and beverage sector worldwide. The key drivers of the demand for organic acids include an increase in the healthcare sector's need for them, population growth, and GDP expansion. However, the simultaneous fermentation and product recovery method used in synthesizing synthetic organic acids pose dangerous environmental risks, resulting in the development of strict laws over their use and restricting the market's expansion. It is projected that increased R&D to create effective organic acids from bio-based sources will present a lucrative growth potential in the market.     

The global organic acids market is segmented into type, application, and region. Based on type, the organic acids market is categorized into acetic acid, lactic acid, citric acid, formic acid, propionic acid, ascorbic acid, gluconic acid, fumaric acid, malic acid, and other acids. The citric acid segment dominated the market in 2021. The market is segmented based on application: food & beverages, feed, pharmaceuticals, and industrial. The food & beverages segment dominated the market in 2021.

The global organic acids market is segmented into geographical regions: North America, Latin America, Europe, Asia-Pacific, Middle East & Africa. The Asia Pacific dominated the market growth in 2021. This is attributable to the demand for various organic acid fortification products throughout the Asian region. In this Asia Pacific region, consumer awareness regarding the consumption of natural organic acids is rising. Production facilities for many major companies have been set up throughout the Asia Pacific. Additionally, a poll by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) found that consumers are turning to processed ginger-garlic pastes, tomato purees, and ketchup as substitutes because of the sharp increase in the price of vegetables.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 10,982.40 Million

Projected Market Size in 2028

USD 14,971.57 Million

CAGR Growth Rate

5.30% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Cargill, BASF SE, the Dow Chemical Company, Henan Jindan Lactic Acid Technology Co. Ltd, Archer Daniels Midland Company, Eastman Chemical Company, Myriant Corporation, Corbion N.V., Koninklijke DSM N.V., and others.

Key Segment

By Type, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Purchase Options

Request customized purchase options to meet your research needs. Explore purchase options

Some of the main competitors dominating the global organic acids market include- Cargill, BASF SE, the Dow Chemical Company, Henan Jindan Lactic Acid Technology Co. Ltd, Archer Daniels Midland Company, Eastman Chemical Company, Myriant Corporation, Corbion N.V., Koninklijke DSM N.V.

Recent Development:                                                          

  • January 2020: BASF investment in sustainable technology capacity expansion for methane sulfonic acid. And this expansion increased production by 50,000 metric tons per year.

Global Organic Acids Market is segmented as follows:

By Type

  • Acetic acid
  • Lactic acid
  • Citric acid
  • Formic acid
  • Propionic acid
  • Ascorbic acid
  • Gluconic acid
  • Fumaric acid
  • Malic acid
  • Other acids

By Application

  • Food and beverages
  • Feed
  • Pharmaceuticals
  • Industrial

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:
Facts & Factors

A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com


Latest Market Research Reports

report img

Visual Effects (VFX) Market Report 2024 – 2032

[217+ Pages Report] According to Facts Factors, the global visual effects (VFX) market size in terms of revenue was valued at around USD 10.12 billion in 2023 and is expected to reach a value of USD 18.72 billion by 2032, growing at a CAGR of roughly 7.07% from 2024 to 2032. The global visual effec

Published Date : 17-Jun-2024 | | Category : Technology & Media | Pages : 217 | Format : Read more

Inquiry for Buying Request Sample
report img

E-Learning Market Report 2024 – 2032

[218+ Pages Report] According to Facts Factors, the global E-Learning market size in terms of revenue was valued at around USD 251.46 billion in 2023 and is expected to reach a value of USD 1,080.32 billion by 2032, growing at a CAGR of roughly 17.58% from 2024 to 2032. The global E-Learning market

Published Date : 17-Jun-2024 | | Category : IT | Pages : 218 | Format : Read more

Inquiry for Buying Request Sample
report img

Plant-based Meat Market Report 2024 – 2032

[219+ Pages Report] According to Facts Factors, the global plant-based meat market size in terms of revenue was valued at around USD 5.35 billion in 2023 and is expected to reach a value of USD 33.12 billion by 2032, growing at a CAGR of roughly 22.4% from 2024 to 2032. The global plant-based meat

Published Date : 17-Jun-2024 | | Category : Food & Beverages | Pages : 219 | Format : Read more

Inquiry for Buying Request Sample
report img

Healthcare Augmented and Virtual Reality Market Report 2024 – 2032

[212+ Pages Report] According to Facts Factors, the global healthcare augmented and virtual reality market size in terms of revenue was valued at around USD 3.21 billion in 2023 and is expected to reach a value of USD 15.07 billion by 2032, growing at a CAGR of roughly 18.7% from 2024 to 2032. The

Published Date : 12-Jun-2024 | | Category : Healthcare | Pages : 212 | Format : Read more

Inquiry for Buying Request Sample
report img

North America Frozen Bakery Products Market Report 2024 – 2032

[213+ Pages Report] According to Facts Factors, the North America frozen bakery products market size in terms of revenue was valued at around USD 11.15 billion in 2023 and is expected to reach a value of USD 17.74 billion by 2032, growing at a CAGR of roughly 5.3% from 2024 to 2032. The North Ameri

Published Date : 12-Jun-2024 | | Category : Food & Beverages | Pages : 213 | Format : Read more

Inquiry for Buying Request Sample

Why FnF Market Research?

1 Inflallible Methodology

to ensure high-level data integrity, accurate analysis, and impeccable forecasts

2 Analyst Support

for complete satisfaction

3 Customization

on-demand customization of scope of the report to exactly meet your needs

4 Targeted Market View

Targeted market view to provide pertinent information and save time of readers

5 Agile Approach

A faster and efficient way to cater to the needs with continuous iteration