Market Overview:
The global organic acids market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for organic acids from various applications such as food & beverages, feed, pharmaceuticals, industrial and other applications. The food & beverage application is expected to dominate the global organic acids market during the forecast period owing to the increasing demand for processed and packaged foods. In addition, rising awareness about healthy eating habits is also contributing towards the growth of this application segment.
Product Definition:
Organic acids are carboxylic acids that contain one or more carbon atoms in their molecules. They are important in biochemistry and organic chemistry. Some of the most common organic acids are acetic acid (in vinegar), lactic acid (in sour milk), and citric acid (in citrus fruits).
Acetic Acid:
Acetic acid is a colorless solution that dissolves in water and is often used as a key ingredient in vinegar. It has various industrial applications such as manufacturing of chemicals, plastics, fibers, paper & pulp products and textiles. The global demand for acetic acid is expected to witness significant growth over the forecast period owing to increasing demand from end-use industries such as pharmaceuticals & chemical processing along with food & beverages industry.
Citric Acid:
Citric acid is a weak organic acids having the chemical formula C6H8O7. It is usually derived from citrus fruits and has been used as an important ingredient in manufacturing various products such as fruit syrups, lemons, limes, and orange juice. Citric acid also acts as a key intermediate for manufacturing various pharmaceutical drugs which are used to treat several diseases such as cancer of the urinary tract among others.
Application Insights:
Food & beverage, pharmaceuticals, feed and industrial are the major application areas of the product. Other applications include cosmetics and cleaning products. Food & beverages was the largest application segment in 2015 accounting for over 50% of global market revenue. The segment is expected to witness significant growth on account of increasing consumption of organic acids in various food formulations including salad dressings, sauces, ketchup and other foods containing tomatoes as a main ingredient.
The demand for organic acids is also rising in dairy products such as cheese where they are used to improve taste as well as enhance nutritional properties like calcium content which enhances bone health benefits among children and adults respectively.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to maintain its position over the forecast period. The region accounted for a share of more than 30% of global revenue in 2017 owing to high product demand from various end-use industries, such as pharmaceuticals, food & beverages and other. Increasing population coupled with rising disposable income levels has resulted in an increase in consumer spending on food products which will drive product demand further.
The growth of key end-use industries such as pharmaceuticals and feed is expected to positively influence organic acid consumption trends over the forecast period. However, sluggish growth rates observed for fruit & vegetable processing industry may hinder organic acid consumption due to reduced application scope or manufacturing process innovation; however this factor may be addressed by focusing on bio-based sources for production purposes thereby complementing market growth prospects.
Growth Factors:
- Increasing demand for organic acids in food and beverage industry as a preservative and flavoring agent.
- Rising awareness about the benefits of organic acids among consumers, which is driving their demand in personal care products.
- Growing use of organic acids in pharmaceuticals and nutraceuticals for various therapeutic applications.
- Increasing penetration of organic acids into emerging markets due to rising disposable income levels and growing population base thereon offer potential growth opportunities for the market players operating in this space .
Scope Of The Report
Report Attributes
Report Details
Report Title
Organic Acids Market Research Report
By Type
Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Propionic Acid
By Application
Food & Beverages, Feed, Pharmaceuticals, Industrial, Other
By Companies
Cargill, BASF, Dupont, Henan Jindan Lactic Acid Technology, Archer Daniels Midland, Eastman Chemical, Myriant, Corbion, Koninklijke DSM, Tate & Lyle, Cargill
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Organic Acids Market Report Segments:
The global Organic Acids market is segmented on the basis of:
Types
Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Propionic Acid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food & Beverages, Feed, Pharmaceuticals, Industrial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cargill
- BASF
- Dupont
- Henan Jindan Lactic Acid Technology
- Archer Daniels Midland
- Eastman Chemical
- Myriant
- Corbion
- Koninklijke DSM
- Tate & Lyle
- Cargill
Highlights of The Organic Acids Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Acetic Acid
- Citric Acid
- Formic Acid
- Lactic Acid
- Propionic Acid
- By Application:
- Food & Beverages
- Feed
- Pharmaceuticals
- Industrial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Organic Acids Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Organic acids are organic molecules that contain a carboxylic acid group (-COOH).
Some of the major companies in the organic acids market are Cargill, BASF, Dupont, Henan Jindan Lactic Acid Technology, Archer Daniels Midland, Eastman Chemical, Myriant, Corbion, Koninklijke DSM, Tate & Lyle, Cargill.
The organic acids market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Organic Acids Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Organic Acids Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Organic Acids Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Organic Acids Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Organic Acids Market Size & Forecast, 2020-2028
4.5.1 Organic Acids Market Size and Y-o-Y Growth
4.5.2 Organic Acids Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Acetic Acid
5.2.2 Citric Acid
5.2.3 Formic Acid
5.2.4 Lactic Acid
5.2.5 Propionic Acid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Feed
6.2.3 Pharmaceuticals
6.2.4 Industrial
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Organic Acids Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Organic Acids Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Acetic Acid
9.6.2 Citric Acid
9.6.3 Formic Acid
9.6.4 Lactic Acid
9.6.5 Propionic Acid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Feed
9.10.3 Pharmaceuticals
9.10.4 Industrial
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Acetic Acid
10.6.2 Citric Acid
10.6.3 Formic Acid
10.6.4 Lactic Acid
10.6.5 Propionic Acid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Feed
10.10.3 Pharmaceuticals
10.10.4 Industrial
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Acetic Acid
11.6.2 Citric Acid
11.6.3 Formic Acid
11.6.4 Lactic Acid
11.6.5 Propionic Acid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Feed
11.10.3 Pharmaceuticals
11.10.4 Industrial
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Acetic Acid
12.6.2 Citric Acid
12.6.3 Formic Acid
12.6.4 Lactic Acid
12.6.5 Propionic Acid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Feed
12.10.3 Pharmaceuticals
12.10.4 Industrial
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Acetic Acid
13.6.2 Citric Acid
13.6.3 Formic Acid
13.6.4 Lactic Acid
13.6.5 Propionic Acid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Feed
13.10.3 Pharmaceuticals
13.10.4 Industrial
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Organic Acids Market: Competitive Dashboard
14.2 Global Organic Acids Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cargill
14.3.2 BASF
14.3.3 Dupont
14.3.4 Henan Jindan Lactic Acid Technology
14.3.5 Archer Daniels Midland
14.3.6 Eastman Chemical
14.3.7 Myriant
14.3.8 Corbion
14.3.9 Koninklijke DSM
14.3.10 Tate & Lyle
14.3.11 Cargill
