Organic Acids Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Propionic Acid, Ascorbic Acid, Gluconic Acid, Fumaric Acid), By Source (Biomass, Molasses, Starch, Chemical Synthesis, Agro-Industrial Residue), By Application (Food & Beverages, Feed, Pharmaceuticals, and Industrial) and Region  

Organic Acids Market size was valued at US$ 8,273.6 million in 2023 and is poised to grow at a CAGR of 5.7% from 2024-2030. It has been estimated with a significant growth with the help of key drivers which include growing demand for convenience food, usage of organic acids in animal feed and production of organic acids from cost effective renewable sources. There's a restrain which may hamper the growth of global organic acids market are high price of raw materials and technology barriers. Major growth opportunity is provided by the leniency in regulatory policy for organic acids which boost the global organics acid market. When compared to mineral acids, organic acids are weak acids that do not entirely dissociate in water.

Organic acids with lower molecular masses, such as formic acid and lactic acid, are soluble in water; however, organic acids with greater molecular masses, such as benzoic acid, are fully insoluble in neutral form. Fermentation was once the only way to make lactic acid and formic acid, but breakthroughs in biotechnology and chemical synthesis have made the fermentation process obsolete. For the synthesis of organic acids, various agro-industrial residues such as coffee husk, apple pomace, soybean, sugarcane, press-mud, citric pulps, wheat bran, and kiwi fruit peel are used. The demand for organic acids in Asia-Pacific is being fueled by the growth of the food and beverage industry. Furthermore, rising demand for organic acids in the healthcare industry, population growth, and GDP growth are all important drivers of demand for organic acids.