Organic Acids Market Size - Industry Share Report 2022

Organic Acids Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2022 Market Research Report to It’s a Database.

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The organic acids market is valued at USD 8.27 billion in 2016,and projected to grow at a CAGR of 5.48%, to reach USD 11.39 billion by 2022. The market is primarily driven by factors such as the wide use of organic acids in various applications such as plastic making, tanning, textiles, paper, metal, colors & dyes, lubricants, in food & beverage applications, and cosmetic manufacturing. One of the major restraints in the growth of the organic acids market is the price and availability of raw materials and infrastructural & technological barriers.

Citric acid as a type of organic acid is projected to grow at the fastest rate for the forecasted period. The key manufacturers in the organic acids market offer citric acid for different industrial applications such as food, feed, textile, and pharmaceuticals. Citric acid is naturally sourced in many foods, especially fruits &vegetables; for example, oranges and lemons. Citric acid is used mainly in food and beverage products as it is the strongest edible acid as compared to other organic acids such as lactic and ascorbic acid. Citric acid is also used as a cleaning and chelating agent, as a water treating solvent, and in the cosmetics industry.

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Based on application, the pharmaceutical segment is expected to be the fastest-growing during the forecasted period. Due to the new technologies and the rising health concerns related to antibiotic uses, organic acids have begun to form an integral part of nutraceutical and pharmaceutical applications.

Key Points From Table Of Content:

5 Market Overview

5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By Application
5.2.3 Source (Qualitative)
5.2.3.1 Biomass
5.2.3.2 Molasses
5.2.3.3 Starch
5.2.4 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Wide Use of Organic Acids in Various Applications
5.3.1.1.1 Growth in Demand for Convenience Food
5.3.1.2 R&D and Technological Innovations
5.3.1.2.1 Micro-Encapsulation
5.3.2 Restraints
5.3.2.1 Raw Material Price & Availability and Infrastructural & Technological Barriers
5.3.2.1.1 High Cost and Poor Supply Chain
5.3.3 Opportunities
5.3.3.1 Production of Organic Acids From Renewable Resources: Cost-Effective Method
5.3.3.2 Leniency in Regulatory Policy for Organic Acids
5.3.4 Challenges
5.3.4.1 Environmental Concerns

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10 Company Profiles

(Business Overview, Product Portfolio, Strength of Service Portfolio, Business Strategy Excellence, Recent Developments)*
10.1 Cargill
10.2 E. I. Dupont De Nemours and Company
10.3 BASF SE
10.4 The DOW Chemical Company
10.5 Henan Jindan Lactic Acid Technology Co. Ltd
10.6 Archer Daniels Midland Company
10.7 Eastman Chemical Company
10.8 Myriant Corporation
10.9 Corbion N.V.
10.10 Koninklijke DSM N.V.
10.11 Tate & Lyle
10.12 Polynt-Reichhold

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