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Global Organic Acids Market – Industry Trends and Forecast to 2029

Food & Beverage

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Global Organic Acids Market – Industry Trends and Forecast to 2029

  • Food & Beverage
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Organic Acids Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 11.39 USD Billion
Diagram Market Size (Forecast Year) USD 18.70 USD Billion
Diagram CAGR %

Major Markets Players

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Global Organic Acids Market, By Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Malic Acid, Succinic Acid, Gluconic Acid, Ascorbic Acid, Fumaric Acid, Organic Acid, Others), Source (Biomass, Molasses, Starch, Chemical Synthesis, Agro-Industrial Residue), End-User (Food & Beverage, Animal Feed, Chemicals & Industrial, Pharmaceuticals, Personal Care, Agriculture) – Industry Trends and Forecast to 2029.

Organic Acids Market

Organic Acids Market Analysis and Size

Globally, organic acid is becoming more important and is becoming a part of the consumer's daily diet. The primary causes of this shift are the increased prevalence of lifestyle diseases and people practicing preventive healthcare. Furthermore, the emerging applications of organic acid in food, dietary supplements, and clinical nutrition have fuelled market growth.

Data Bridge Market Research analyses that the organic acids market was valued at USD 11.39 billion in 2021 and is expected to reach the value of USD 18.70 billion by 2029, at a CAGR of 6.39% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Organic Acids Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Malic Acid, Succinic Acid, Gluconic Acid, Ascorbic Acid, Fumaric Acid, Organic Acid, Others), Source (Biomass, Molasses, Starch, Chemical Synthesis, Agro-Industrial Residue), End-User (Food & Beverage, Animal Feed, Chemicals & Industrial, Pharmaceuticals, Personal Care, Agriculture)

Countries Covered

U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

DSM (Netherlands), BASF SE (Germany), Lonza Group (Switzerland), Glanbia Plc (Ireland), ADM (U.S.), Farbest Brands (U.S.), SternVitamin GmbH & Co. K.G. (Germany), Adisseo (France), BTSA Biotechnologias Aplicadas S.L. (Spain), Rabar Pty Ltd (Australia), Orkla Health (Norway), Epax (Norway), BioProcess Algae LLC (U.S), Croda International plc (U.K)

Opportunities

  • Various technological advancements
  • Rising food safety concerns, as well as extensive research and development
  • Rising sales of natural beauty products

Market Definition

Organic acids are organic compounds that have a low molecular mass and have weak acidic properties. They can be made from biomass, molasses, starch, or agro-industrial residues like cassava bagasse, coffee husk, apple pomace, soybean, sugarcane, corn cobs, press-mud, wheat bran, citric pulps, and fruit peels.

Organic Acids Market Dynamics

Drivers

  • Agricultural industry is creating a positive outlook for organic acid market

Significant growth in the agriculture industry, along with the increasing consumption of dairy, livestock and poultry products across the globe, represents one of the key factors creating a positive outlook for the market. Organic acid is widely used as an effective grain preservative because it aids in the reduction of microbial growth in stored grains, hay, poultry litter, and livestock water.

  • Adoption of natural preservatives is augmenting market growth

The increasing demand for natural preservatives for ready-to-eat (RTE) and canned food products is also augmenting the market growth. The acid is also added to cheese and baked products to increase their shelf life. As an alternative to the chemical alternatives, the acid esters are used as artificial flavourings or solvents.

Opportunity

Various technological advancements, such as the utilisation of co-culture, metabolic and genetic engineering, immobilisation technique and bioreactor systems, in the biological production of organic acid through microorganisms and renewable biomass, are acting as other growth-inducing factors. Furthermore, rising food safety concerns, as well as extensive research and development (R&D) activities in the field of biotechnology, are expected to drive the market even further.

Restraints

The increasing environmental concerns over the period about the usage of herbicides is one of the major factors responsible for restraining the growth of this market. Another factor is the shortage of innovative ideas while offering products is another factor which may hinder the growth of this industry. The direct exposure to organic acid has a variety of side effects, and a lack of production facilities is another factor that may limit the market's growth.

This organic acids market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the organic acids market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Organic Acids Market

COVID-19 had a negative impact on the market in the first half of 2021. The growing consumer awareness of health consciousness has become a major factor impeding demand for food preservatives. Furthermore, as one of the major ingredients in food preservatives, organic acid has experienced a marginal decline in demand, limiting market growth.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In May 2019, BASF-YPC, a 50:50 joint venture based in Nanjing, China, announced the start-up of a 30 kiloton propionic acid production plant. The combined capacity of the two plants has increased to 69 kilotons per year.
  • Royal DSM, a science-based company in nutrition, health, and sustainable living, announced in July 2019 the upgrade of its vitamin C (ascorbic acid) facility in Jiangshan, China, to improve quality, safety, sustainability, and production efficiencies.

Global Organic Acids Market Scope

The organic acids market is segmented on the basis of type, source and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Acetic Acid
  • Citric Acid
  • Formic Acid
  • Lactic Acid
  • Malic Acid
  • Succinic Acid
  • Gluconic Acid
  • Ascorbic Acid
  • Fumaric Acid
  • Organic Acid
  • Others

Source

  • Biomass
  • Molasses
  • Starch
  • Chemical Synthesis
  • Agro-Industrial Residue

End user

  • Agriculture
  • Food & Beverage
  • Personal Care
  • Animal Feed
  • Pharmaceutical
  • Chemicals & Industrial
  • Other End-User Industries

Organic Acid Market Regional Analysis/Insights

The organic acids market is analysed and market size insights and trends are provided by country, type, source and end user as referenced above.

The countries covered in the organic acids market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe contributed the most revenue to the global market. The European organic acid market is examined in Germany, France, Italy, the United Kingdom, and the rest of Europe. Europe is expected to grow at a moderate rate and is home to many organic acid manufacturers and suppliers. Germany is the region's largest market for the food industry and agriculture. Thus, use of organic acid in both industries drive the market growth. Moreover, ongoing investments in the food industry further boost the growth of the market.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Organic Acids Market Share Analysis

The organic acids market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to organic acids market.

Some of the major players operating in the organic acids market are:

  • DSM (Netherlands)
  • BASF SE (Germany)
  • Lonza Group (Switzerland)
  • Glanbia Plc (Ireland
  • ADM (U.S.)
  • Farbest Brands (U.S.)
  • SternVitamin GmbH & Co. KG (Germany)
  • Adisseo (France)
  • BTSA Biotechnologias Aplicadas S.L. (Spain)
  • Rabar Pty Ltd (Australia)
  • Orkla Health (Norway)
  • Epax (Norway)
  • BioProcess Algae LLC (U.S)
  • Croda International plc (U.K)


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FREQUENTLY ASK QUESTIONS

The Organic Acids Market value is expected USD 18.70 billion by 2029.
The growth rate of the market in forecast period of 2022-2029 is 6.39%.
The major players operating in the Organic Acids Market are DSM (Netherlands), BASF SE (Germany), Lonza Group (Switzerland), Glanbia Plc (Ireland), ADM (U.S.), Farbest Brands (U.S.), SternVitamin GmbH & Co. K.G. (Germany), Adisseo (France), BTSA Biotechnologias Aplicadas S.L. (Spain), Rabar Pty Ltd (Australia), Orkla Health (Norway), Epax (Norway), BioProcess Algae LLC (U.S), Croda International plc (U.K).
The major countries covered in the Organic Acids Market are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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