Worldwide Demand for Organic Acids is Anticipated to Reach US$ 22.2 Billion by 2033

The global organic acids market is set to estimate a valuation of US$ 12.3 billion in 2023 and it is anticipated to grow at a CAGR of 6.1% to reach US$ 22.2 billion by the end of 2033.

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Organic acids obtained from wheat or maize that are bio-based are less expensive and more environmentally friendly than conventional or petro-chemically derived organic acids. Organic acids made from renewable feedstock have environmental advantages. Organic acids made from renewable sources have similar chemical characteristics to organic acids made from traditional sources, yet the manufacturing method generates relatively lesser hazardous waste.

Key Takeaways of Organic Acids Market

• Increasing Demand for Organic Acids in Food and Beverage Industry: The organic acids market is witnessing significant growth due to the increasing demand for these compounds in the food and beverage industry. Organic acids, such as citric acid, lactic acid, and acetic acid, are widely used as natural preservatives, flavor enhancers, and pH regulators in food and beverage products. They help improve the taste, texture, and shelf life of various food items, contributing to their popularity among manufacturers and consumers alike.

• Growing Focus on Clean Label and Natural Ingredients: As consumers become more health-conscious and conscious of the ingredients they consume, there is a growing preference for clean label and natural products. Organic acids fit well into this trend, as they are derived from natural sources such as fruits, vegetables, and fermentation processes. The use of organic acids in food and beverage formulations allows manufacturers to meet the demand for clean label products while ensuring food safety and quality.

• Expansion in the Animal Feed Industry: The organic acids market is also experiencing growth due to their increasing use in the animal feed industry. Organic acids, particularly formic acid, propionic acid, and butyric acid, are added to animal feed as feed additives to improve digestion, prevent bacterial growth, and enhance overall animal health and performance. The expansion of the animal feed industry, driven by the rising demand for meat and dairy products, has resulted in a higher consumption of organic acids in this sector.

• Wide Range of Industrial Applications: Organic acids find applications beyond the food and feed industries. They are utilized in various industrial sectors, including pharmaceuticals, textiles, personal care, and agriculture. In pharmaceuticals, organic acids are used as intermediates in the synthesis of active pharmaceutical ingredients (APIs). In textiles, they are employed as dyeing and finishing agents. In personal care products, organic acids can act as exfoliants or pH adjusters. The versatile nature of organic acids allows them to cater to diverse industrial needs, contributing to their market growth.

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Competitive Landscape

With the growing demand from end-use industries, Market actors are focusing on upgrading and expanding their production capacities to meet the growing demand. Players have built robust distribution networks to boost their presence and make product delivery easier. There has been a great focus on bio-based organic acids due to stringent government mandates and an inclination towards greener products.

Fact.MR has provided detailed information about the price points of key manufacturers of organic acids positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Key Companies Profiled:

• BASF SE
• Cargill
• Daeho Co., Ltd
• Dow Chemical Company
• Eastman Chemical Company
• Myriant Corporation
• Celanese Corporation
• Archer Daniels Midland Company
• Henan Jindan Lactic Acid Technology Co. Ltd.
• Tate & Lyle Plc.

Segmentation of Organic Acids Industry Research

• By Product :

o Acetic Acid
o Formic Acid
o Lactic Acid
o Citric Acid
o Propionic acid
o Ascorbic acid
o Gluconic acid
o Fumaric acid
o Malic acid
o Others

• By Application :

o Bakery and Confectionery
o Dairy
o Beverages
o Poultry, Meat, and Seafood
o Livestock Feed
o Companion Animal Feed
o Pharmaceuticals
o Industrial
o Others

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Key Questions Covered in the Organic Acids Market Report:

• What is the projected value of the Organic Acids factors Industry in 2023?
• At what rate will the global Organic Acids factors market size grow until 2033?
• Which are the factors hampering the growth of Organic Acids factors?
• Which region is expected to lead in the global Organic Acids factors market by 2033?
• Which are the factors driving the Organic Acids factors Industry during the forecast period?
• What is the expected market value of the Organic Acids factors market during the forecast period?

Regional Analysis for Organic Acids Market:

• APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (USA, Canada and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, United Arab Emirates, South Africa)

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This release was published on openPR.