Organic Acids Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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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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Report

Description

The global organic acids market is expected to be valued at US$ 8,273.6 million in market and growing at a CAGR of 5.7% over the forecast period by 2027. 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 Acid Market

MARKET SUMMARY
-
5.7%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 5.7%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Organic Acid Market

  • 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.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global organic acids market
Market Key Players
  • Cargill (US)
  • BASF SE (Germany)
  • Dow Chemical Company (US)
  • 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)
Growth

Organic Acid Market

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 Got Significant Share

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.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market 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.

Key

Key Findings OF THE REPORT


Key

Key features of the report

Organic Acid Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

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

Report

Company Profile

  • 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)

Description

The global organic acids market is expected to be valued at US$ 8,273.6 million in market and growing at a CAGR of 5.7% over the forecast period by 2027. 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.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX