Organic Acids Market 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 Geography    

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Organic Acids Market size was valued at USD 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.

Organic Acids Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.7%

Largest Market

Asia-Pacific

Fastest Growing Market

North America
Organic Acids Market Dynamics

It is noticed that the global organics acid market has a significant market growth rate on the perception of increasing demand for citric acid. Citric acid is a natural constituent and common metabolite of plants and animals. It is a versatile organic acid that is utilized in a wide range of industries. It is used as an anti-oxidizing, acidifying, flavoring, preserving, chelating and buffering agent in the food and beverages, pharmaceutical, and cosmetics industries. According to the German Nutrition Society (DGE), awareness among consumers in Europe pertaining to the use of citric acid for maintaining digestive health increased to 49% in 2016 as compared to 44% in 2015.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Organic Acids Market Segmentation

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
  • Industrial

Frequently Asked Questions

The Organic Acids Market size was valued at USD 8,273.6 million in 2023

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

The Organic Acids Market Key Players are Cargill (US), BASF SE (Germany), Dow Chemical Company (US), Henan Jindan Lactic Acid Technology Co. Ltd (China), Archer Daniels Midland Company (U.S.), Eastman Chemical Company (U.S.)

1.Executive Summary
2.Global Organic Acids Market Introduction 
2.1.Global Organic Acids Market  - Taxonomy
2.2.Global Organic Acids Market  - Definitions
2.2.1.Type
2.2.2.Source
2.2.3.Application
2.2.4.Region
3.Global 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 Organic Acids Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Organic Acids Market  By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Acetic Acid
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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. Formic Acid
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Lactic Acid
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Propionic Acid
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Ascorbic Acid
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Gluconic Acid
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Fumaric Acid
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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 Organic Acids Market  By Source, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Biomass
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Molasses
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Starch
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Chemical Synthesis
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Agro-Industrial Residue
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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 
7.Global Organic Acids Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Food & Beverages
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Feed
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Pharmaceuticals
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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. Industrial
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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 Organic Acids Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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 Organic Acids Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Acetic Acid
9.1.2.Citric Acid
9.1.3.Formic Acid
9.1.4.Lactic Acid
9.1.5.Propionic Acid
9.1.6.Ascorbic Acid
9.1.7.Gluconic Acid
9.1.8.Fumaric Acid
9.2.  Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Biomass
9.2.2.Molasses
9.2.3.Starch
9.2.4.Chemical Synthesis
9.2.5.Agro-Industrial Residue
9.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Food & Beverages
9.3.2.Feed
9.3.3.Pharmaceuticals
9.3.4.Industrial
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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 Organic Acids Market ,2019 - 2023 and Forecast 2024 - 2030 (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.Acetic Acid
10.1.2.Citric Acid
10.1.3.Formic Acid
10.1.4.Lactic Acid
10.1.5.Propionic Acid
10.1.6.Ascorbic Acid
10.1.7.Gluconic Acid
10.1.8.Fumaric Acid
10.2.  Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Biomass
10.2.2.Molasses
10.2.3.Starch
10.2.4.Chemical Synthesis
10.2.5.Agro-Industrial Residue
10.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Food & Beverages
10.3.2.Feed
10.3.3.Pharmaceuticals
10.3.4.Industrial
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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) Organic Acids Market ,2019 - 2023 and Forecast 2024 - 2030 (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.Acetic Acid
11.1.2.Citric Acid
11.1.3.Formic Acid
11.1.4.Lactic Acid
11.1.5.Propionic Acid
11.1.6.Ascorbic Acid
11.1.7.Gluconic Acid
11.1.8.Fumaric Acid
11.2.  Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Biomass
11.2.2.Molasses
11.2.3.Starch
11.2.4.Chemical Synthesis
11.2.5.Agro-Industrial Residue
11.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Food & Beverages
11.3.2.Feed
11.3.3.Pharmaceuticals
11.3.4.Industrial
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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) Organic Acids Market ,2019 - 2023 and Forecast 2024 - 2030 (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.Acetic Acid
12.1.2.Citric Acid
12.1.3.Formic Acid
12.1.4.Lactic Acid
12.1.5.Propionic Acid
12.1.6.Ascorbic Acid
12.1.7.Gluconic Acid
12.1.8.Fumaric Acid
12.2.  Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Biomass
12.2.2.Molasses
12.2.3.Starch
12.2.4.Chemical Synthesis
12.2.5.Agro-Industrial Residue
12.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Food & Beverages
12.3.2.Feed
12.3.3.Pharmaceuticals
12.3.4.Industrial
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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 Organic Acids Market ,2019 - 2023 and Forecast 2024 - 2030 (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.Acetic Acid
13.1.2.Citric Acid
13.1.3.Formic Acid
13.1.4.Lactic Acid
13.1.5.Propionic Acid
13.1.6.Ascorbic Acid
13.1.7.Gluconic Acid
13.1.8.Fumaric Acid
13.2.  Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Biomass
13.2.2.Molasses
13.2.3.Starch
13.2.4.Chemical Synthesis
13.2.5.Agro-Industrial Residue
13.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Food & Beverages
13.3.2.Feed
13.3.3.Pharmaceuticals
13.3.4.Industrial
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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.Cargill (US)
14.2.2.BASF SE (Germany)
14.2.3.Dow Chemical Company (US)
14.2.4.Henan Jindan Lactic Acid Technology Co. Ltd (China)
14.2.5.Archer Daniels Midland Company (U.S.)
14.2.6.Eastman Chemical Company (U.S.)
14.2.7.Myriant Corporation (U.S.)
14.2.8.Corbion N.V. (Netherlands)
14.2.9.Koninklijke DSM N.V. (Netherlands)
14.2.10.BioAmber (Canada)
15. Research Methodology 
16. Appendix and Abbreviations 
  • Cargill (US)
  • BASF SE (Germany)
  • Dow Chemical Company (US)
  • Henan Jindan Lactic Acid Technology Co. Ltd (China)
  • Archer Daniels Midland Company (U.S.)
  • Eastman Chemical Company (U.S.)
  • Myriant Corporation (U.S.)
  • Corbion N.V. (Netherlands)
  • Koninklijke DSM N.V. (Netherlands)
  • BioAmber (Canada)

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