Organic Acids Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2019 and Forecast 2020-2026

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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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Description

Global Organic Acids Market

The global organic acids market is expected to be valued at US$ 8,270.6 million in market and growing at a CAGR of 5.5% over the forecast period by 2026. 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.

 

Increasing Demand for Citric Acid

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.

 

Asia Pacific Dominates the Market Share in the Global Organic Acid Market

Asia Pacific contributed major revenue followed by North America and Europe. In 2019, Asia Pacific region accounted huge growth rate and is anticipated to grow with a forecast year. Due to the increase in demand for organic acids in countries such as China and India as increased awareness related to the health benefits of organic acid. Moreover, according to the World Health Organization (WHO), approximately 65 to 70 million people in North America experience digestive system problems. This, in turn, has led to an increase in the demand for digestive citric acid-based food & beverages and pharmaceuticals in the region. Europe led with market player which boost the global organic acids market.

 

Competition Assessment

Key player’s profiles in the global organic acids market include:

  • 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)

 

Key Developments:

  • Market players have witnessed the strategic collaboration and acquisition to expand product portfolio and strengthen their position in the market to enhance the revenue of the company.
  • In July 2019, Royal DSM, a science-based company in nutrition, health and sustainable living announced the upgradation of its Vitamin C (Ascorbic Acid) facility in Jiangshan, China to enhance quality, safety, sustainability, and production efficiencies.

 

Global Organic Acid Market Report Description:

Global organic acids market report gives comprehensive outlook on organic acid market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global organic acids market gives historical, current, and future market sizes on the basis of type, source, application and region. This report studies global organic acid 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 organic acid 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 organic acids market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global organic acids market

 

Key Findings of the Report:

  •  Global organics acid system market expanding at significant CAGR over 2020 to 2026 owing due to increasing demand for citric acid
  • Based on region, Asia Pacific accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global market.

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
  • 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 startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

Detailed 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

 

By Geography

 North America

  • USA
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA


Location

GEOGRAPHY

PBI Location Map

Competition Assessment

Key player’s profiles in the global organic acids market include:

  • 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)

Table of Content

  1. Executive Summary
  2. Global Organic Acids Market Introduction
    • Global Organic Acids Market – Taxonomy
    • Global Organic Acids Market –Definitions
      • Product Type
      • Source
      • Application
  1. Global Organic Acids Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Organic Acids Market Dynamic Factors – Impact Analysis
    • Global Organic Acids Market – Competition Landscape
  2. Global Organic Acids Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Organic Acids Market, By Product Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Acetic Acid
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Citric Acid
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Formic Acid
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Lactic Acid
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Propionic Acid
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Ascorbic Acid
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Gluconic Acid
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Fumaric Acid
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Organic Acids Market Forecast, By Source, 2015 – 2019 and Forecast, 2020 – 2026
    • Biomass
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Molasses
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Starch
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Chemical Synthesis
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Agro-Industrial Residue
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Organic Acids Market Forecast, By Application, 2015 – 2019 and Forecast, 2020 – 2026
    • Food & Beverages
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Feed
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmaceuticals
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Industrial
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Organic Acids Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Organic Acids Market – Opportunity Analysis Index, By Product Type, By Application, and Region, 2020 – 2026
  2. North America Organic Acids Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Acetic Acid
      • Citric Acid
      • Formic Acid
      • Lactic Acid
      • Propionic Acid
      • Ascorbic Acid
      • Gluconic Acid
      • Fumaric Acid
    • Source Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Biomass
      • Molasses
      • Starch
      • Chemical Synthesis
      • Agro-Industrial Residue
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Feed
      • Pharmaceuticals
      • Industrial
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Organic Acids Market – Opportunity Analysis Index, By Product Type, By Source, By Application and Country, 2020 – 2026
    • North America Organic Acids Market Dynamics – Trends
  3. Europe Organic Acids Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Acetic Acid
      • Citric Acid
      • Formic Acid
      • Lactic Acid
      • Propionic Acid
      • Ascorbic Acid
      • Gluconic Acid
      • Fumaric Acid
    • Source Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Biomass
      • Molasses
      • Starch
      • Chemical Synthesis
      • Agro-Industrial Residue
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Feed
      • Pharmaceuticals
      • Industrial
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Organic Acids Market – Opportunity Analysis Index, By Product Type, By Source, By Application and Country, 2020 – 2026
    • Europe Organic Acids Market Dynamics – Trends
  4. Asia-Pacific Organic Acids Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Acetic Acid
      • Citric Acid
      • Formic Acid
      • Lactic Acid
      • Propionic Acid
      • Ascorbic Acid
      • Gluconic Acid
      • Fumaric Acid
    • Source Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Biomass
      • Molasses
      • Starch
      • Chemical Synthesis
      • Agro-Industrial Residue
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Feed
      • Pharmaceuticals
      • Industrial
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Organic Acids Market – Opportunity Analysis Index, By Product Type, By Source, By Application and Country, 2020 – 2026
    • Asia-Pacific Organic Acids Market Dynamics – Trends
  5. Latin America Organic Acids Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Acetic Acid
      • Citric Acid
      • Formic Acid
      • Lactic Acid
      • Propionic Acid
      • Ascorbic Acid
      • Gluconic Acid
      • Fumaric Acid
    • Source Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Biomass
      • Molasses
      • Starch
      • Chemical Synthesis
      • Agro-Industrial Residue
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Feed
      • Pharmaceuticals
      • Industrial
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Organic Acids Market – Opportunity Analysis Index, By Product Type, By Source, By Application and Country, 2020 – 2026
    • Latin America Organic Acids Market Dynamics – Trends
  6. Middle East and Africa Organic Acids Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Product Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Acetic Acid
      • Citric Acid
      • Formic Acid
      • Lactic Acid
      • Propionic Acid
      • Ascorbic Acid
      • Gluconic Acid
      • Fumaric Acid
    • Source Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Biomass
      • Molasses
      • Starch
      • Chemical Synthesis
      • Agro-Industrial Residue
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Feed
      • Pharmaceuticals
      • Industrial
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Organic Acids Market – Opportunity Analysis Index, By Product Type, By Source, By Application and Country, 2020 – 2026
    • MEA Organic Acids Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • 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)
  1. Research Methodology
  2. Key Assumptions and Acronyms

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