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Bio-Based Organic Acids Market By Product, By Raw Material, By Application By Region Forecast 2020-2031
Bio-Based Organic Acids Market By Product, By Raw Material, By Application By Region Forecast 2020-2031
Bio-Based Organic Acids Market size was valued at US$ 8.72 billion in 2024 and is expected to reach US$ 12.69 billion by 2031, at a significant CAGR of 5.5% from 2025 to 2031. Factors boosting the market growth are rising inclination of consumers towards bio-based products, strict regulations imposed on the usage of conventional organic acid producers in various countries and increasing demand across various end user sectors. However, high cost required in the production of these acids is hampering the growth of the market. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
Study Period
2025-2031Base Year
2024CAGR
5.5%Largest Market
EuropeFastest Growing Market
Asia-Pacific
The demand for bio-based organic acids is growing owing to the impact of conventional organic acids on the environment. Bio-based products are based on renewable and expandable resources, thereby decreasing dependency on increasingly expensive and limited (finite) fossil and mineral resources, and having the potential of saving energy and reduce GHG emissions. Minimizing chemical waste and the release of toxic byproducts into the environment is one of the most important benefits of sustainable bio-based chemical products. In order to cater to this growing demand, more and more organic acid is being produced from renewable sources such as feedstock.
Asia Pacific accounted for larger revenue share in global bio-based organic acids market with considerable CAGR. XX. Asia Pacific is expected to witness steady growth in this market due to the increasing demand for this market from various industries such as petrochemicals, coatings, pharmaceuticals etc. in countries such as China, India and Thailand. Europe acquired considerable growth in this market and the growth of this region can be attributed to shifting focus of various industries towards the usage of environment-friendly products.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 8.72 billion |
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Market Size in 2031 |
US$ 12.69 billion |
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Market CAGR |
5.5% |
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By Product Type |
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By Raw Material |
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By Application |
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By Region |
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Bio-Based Organic Acids Market size was valued at US$ 8.72 billion in 2024 and is expected to reach US$ 12.69 billion by 2031, at a significant CAGR of 5.5% from 2025 to 2031.
Abengoa, BASF SE, BioAmber Inc, Cargill, Corbion NV
Asia-Pacific is the fastest-growing for bio-based organic acids market
| 1.Executive Summary |
| 2.Global Bio-Based Organic Acids Market Introduction |
| 2.1.Global Bio-Based Organic Acids Market - Taxonomy |
| 2.2.Global Bio-Based Organic Acids Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3. Raw Material |
| 2.2.4.Region |
| 3.Global Bio-Based Organic Acids Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Bio-Based Organic Acids Market Analysis, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Bio-Based Organic Acids Market By Type , 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Formic Acid |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Citric Acid |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Lactic Acid |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Ascorbic Acid |
| 5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Fumaric Acid |
| 5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Gluconic Acid |
| 5.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Acetic Acid |
| 5.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Succinic Acid |
| 5.8.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 6.Global Bio-Based Organic Acids Market By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Petrochemicals |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Polymers |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Pharmaceuticals |
| 6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Dyes |
| 6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Coatings |
| 6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Food Products |
| 6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Others |
| 6.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 7.Global Bio-Based Organic Acids Market By Raw Material, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. Corn |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Maze |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Sugar |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Biomass |
| 7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Global Bio-Based Organic Acids Market By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Bio-Based Organic Acids Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 9.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Formic Acid |
| 9.1.2.Citric Acid |
| 9.1.3.Lactic Acid |
| 9.1.4.Ascorbic Acid |
| 9.1.5.Fumaric Acid |
| 9.1.6.Gluconic Acid |
| 9.1.7.Acetic Acid |
| 9.1.8.Succinic Acid |
| 9.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Petrochemicals |
| 9.2.2.Polymers |
| 9.2.3.Pharmaceuticals |
| 9.2.4.Dyes |
| 9.2.5.Coatings |
| 9.2.6.Food Products |
| 9.2.7.Others |
| 9.3. Raw Material Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Corn |
| 9.3.2.Maze |
| 9.3.3.Sugar |
| 9.3.4.Biomass |
| 9.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Bio-Based Organic Acids Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Formic Acid |
| 10.1.2.Citric Acid |
| 10.1.3.Lactic Acid |
| 10.1.4.Ascorbic Acid |
| 10.1.5.Fumaric Acid |
| 10.1.6.Gluconic Acid |
| 10.1.7.Acetic Acid |
| 10.1.8.Succinic Acid |
| 10.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Petrochemicals |
| 10.2.2.Polymers |
| 10.2.3.Pharmaceuticals |
| 10.2.4.Dyes |
| 10.2.5.Coatings |
| 10.2.6.Food Products |
| 10.2.7.Others |
| 10.3. Raw Material Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Corn |
| 10.3.2.Maze |
| 10.3.3.Sugar |
| 10.3.4.Biomass |
| 10.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Bio-Based Organic Acids Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Formic Acid |
| 11.1.2.Citric Acid |
| 11.1.3.Lactic Acid |
| 11.1.4.Ascorbic Acid |
| 11.1.5.Fumaric Acid |
| 11.1.6.Gluconic Acid |
| 11.1.7.Acetic Acid |
| 11.1.8.Succinic Acid |
| 11.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Petrochemicals |
| 11.2.2.Polymers |
| 11.2.3.Pharmaceuticals |
| 11.2.4.Dyes |
| 11.2.5.Coatings |
| 11.2.6.Food Products |
| 11.2.7.Others |
| 11.3. Raw Material Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Corn |
| 11.3.2.Maze |
| 11.3.3.Sugar |
| 11.3.4.Biomass |
| 11.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Bio-Based Organic Acids Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Formic Acid |
| 12.1.2.Citric Acid |
| 12.1.3.Lactic Acid |
| 12.1.4.Ascorbic Acid |
| 12.1.5.Fumaric Acid |
| 12.1.6.Gluconic Acid |
| 12.1.7.Acetic Acid |
| 12.1.8.Succinic Acid |
| 12.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Petrochemicals |
| 12.2.2.Polymers |
| 12.2.3.Pharmaceuticals |
| 12.2.4.Dyes |
| 12.2.5.Coatings |
| 12.2.6.Food Products |
| 12.2.7.Others |
| 12.3. Raw Material Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Corn |
| 12.3.2.Maze |
| 12.3.3.Sugar |
| 12.3.4.Biomass |
| 12.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Bio-Based Organic Acids Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Formic Acid |
| 13.1.2.Citric Acid |
| 13.1.3.Lactic Acid |
| 13.1.4.Ascorbic Acid |
| 13.1.5.Fumaric Acid |
| 13.1.6.Gluconic Acid |
| 13.1.7.Acetic Acid |
| 13.1.8.Succinic Acid |
| 13.2. Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Petrochemicals |
| 13.2.2.Polymers |
| 13.2.3.Pharmaceuticals |
| 13.2.4.Dyes |
| 13.2.5.Coatings |
| 13.2.6.Food Products |
| 13.2.7.Others |
| 13.3. Raw Material Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Corn |
| 13.3.2.Maze |
| 13.3.3.Sugar |
| 13.3.4.Biomass |
| 13.4. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Abengoa |
| 14.2.2.BASF SE |
| 14.2.3.BioAmber Inc |
| 14.2.4.Cargill, |
| 14.2.5.Corbion NV |
| 14.2.6.Dow Chemicals |
| 14.2.7.Methanex |
| 14.2.8.Mitsubishi Chemical Corporation |
| 14.2.9.Novozymes A/S |
| 14.2.10.Zhejiang Hisun Biomaterials Co. Ltd |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.