Global Organic Acids Market, By Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Malic Acid, Succinic Acid, Gluconic Acid, Ascorbic Acid, Fumaric Acid, Propionic Acid, Others), Source (Biomass, Molasses, Starch, Chemical Synthesis, Agro-Industrial Residue), End-User (Food & Beverage, Animal Feed, Chemicals & Industrial, Pharmaceuticals, Personal Care, Agriculture), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights
Organic acids market is expected to grow with a growth rate of 5.89% in the forecast period of 2020 to 2027. Increase in demand for convenience foods and technology, as well as the production of organic acids from renewable energy sources is one of the factors contributing to the market growth in the forecast period of 2020- 2027.
Organic acid is a type of organic compact that usually contains acids. Organic acids are used in variety of applications such as bakery, milk, animal feed, beverages and medicines. These are more beneficial for bacterial control during production of industrial feed in comparison to the antibiotics used for the same purpose.
In addition, increased demand for organic acids in the health care sector, population growth and GDP growth are the main contributors to organic acids. Also, the market offers variety of opportunities for market players, due to rising income and the rapid growth of the world economy. On the other hand, strict rules on the relative production of organic acids in North America and Europe restraint the growth of the organic acids market in the forecast period of 2020- 2027.
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 localised 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 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.
Global Organic Acids Market Scope and Market Size
Organic acids market is segmented on the basis of type, source, and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on type, the organic acids market is segmented into acetic acid, citric acid, formic acid, lactic acid, malic acid, succinic acid, gluconic acid, ascorbic acid, fumaric acid, propionic acid and others.
- Based on source, the organic acids market is segmented into biomass, molasses, starch, chemical synthesis, and agro-industrial residue.
- Based on end-user, the organic acids market is segmented into food & beverage, animal feed, chemicals & industrial, pharmaceuticals, personal care, and agriculture.
Global Organic Acids Market Country Level Analysis
Organic acids market is analysed and market size, volume information is provided by country, type, source, and end-user as referenced above.
The countries covered in the organic acids market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Due to increased demand for organic acids in countries such as China and India, Asia-Pacific has been accounted for the largest market share for organic acids market and due to the increased awareness of the health benefits of organic acids, Asia-Pacific is projected to be the fastest growing market during the forecast time span. The relatively lower operating costs in this area allow manufacturers to have competitive pricing on a global platform. Countries in this area are less strict about the export and domestic marketing of food additives, in terms of regulations. Organic acids are widely produced in China and exported to foreign markets .
The country section of the organic acids market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries.
Competitive Landscape and Global Organic Acids Market Share Analysis
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.
The major players covered in the organic acids market report are Archer Daniels Midland, BASF SE, BP Plc, BioAmber Inc., Cargill, Incorporated, Celanese Corporation, Corbion NV, DOW Chemical, E.I. Du Pont De Nemours & Co., Eastman Chemicals Company, Elekeiroz S.A, Feichang acid chemicals Co., Ltd., Fuso chemical co. ltd, Henan Jindan Lactic Acid Technology Co., Ltd., Jiangsu sopo chemical co. ltd, Jungbunzlauer Suisse AG, Myriant Corporation, Nature Works LLC, Shandong Liaocheng Luxi Chemical Co., Ltd., Tate and Lyle Plc among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.