Bio-Based Organic Acids Market Growing Demand, Opportunities and Analysis 2022 to 2028

Precision Business Insights published a research report on “Bio-Based Organic Acids Market By Product (Formic Acid, Citric Acid, Lactic Acid, Ascorbic Acid, Fumaric Acid, Gluconic Acid, Acetic Acid and Succinic Acid), By Raw Material (Corn, Maze, Sugar and Biomass), By Application (Petrochemicals, Polymers, Pharmaceuticals, Dyes, Coatings, Food Products and Others) - Global/Region/Country Forecast to 2028”.

Organic acids are organic molecules with acidic properties that are used to make a variety of goods, including polymers, food, pharmaceuticals, cosmetics, coatings, and other materials. Organic acid, which is made from renewable raw materials and is environmentally beneficial, is a primary building material in the petrochemical industry and is used to make a variety of end-use petrochemical products. Bio-Organic Acid has preservation-based properties that aid in disease resistance.

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Stringent regulations imposed on traditional organic acid producers by regulatory agencies in many countries also drive the demand for organic acid manufactured from renewable raw materials. Bio-based organic acid replacements are both environmentally benign and cost-effective when compared to chemical products. However, one of the primary problems impeding the worldwide market for bio-based organic acids is growing worries over the usage of wheat and corn for the manufacturing of bio-based organic acids rather than as food goods. Organic acid made from renewable raw resources has the potential to completely replace the synthetic organic acid business. Organic acids are a key component of the petrochemicals industry, which produces a broad range of intermediates and end-use petrochemicals. Polymers, food, coatings, lubricating oils, medicines, cosmetics, solvents, diesel fuel oxygenates, and other uses are among the expected applications for bio-based organic acids. Fumaric acid, lactic acid, acrylic acid, acetic acid, succinic acid, and other organic acids are among the organic acids employed in the aforementioned applications.

On the basis of product, the market is fragmented into Acetic acid, Citric acid, Formic acid, Succinic acid, Lactic acid, Fumaric acid, Ascorbic acid, and Gluconic acid. On the basis of sources, the market is segregated into Biomass, Starch, Molasses, Agro-Industrial Residue, and Chemical Synthesis. On the basis of application, the market is segregated into Food and Beverages Industry, Pharmaceuticals, Chemical Industry, Personal Care, Animal Feeds, Agriculture, and Others. Furthermore, the food industry is one of the fastest-growing markets for bio-organic acids, owing to the rising need for preserved foods with long shelf lives around the world. Bio-organic acids are typically used to improve the flavour of food while also managing the acidity of the product.

Europe is the largest industry for bio-organic acids in the world. This can be ascribed to the shifting focus of numerous industries toward bio-based products as a result of the government's strict rules encouraging the usage of environmentally friendly products. Increasing demand for bio-organic goods in the pharmaceuticals, food and beverage, and textile industries of rising countries, particularly India, China, Thailand, and South Korea, is likely to drive market expansion in the APAC region during the forecast period.

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Some of the major key players in the Bio-Based Organic Acids Market are Abengoa, BASF SE, BioAmber Inc, Cargill, Corbion NV, Dow Chemicals, Methanex

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