According to Publisher’s latest study, the global Organic Acid market size was valued at US$ 22990 million in 2023. With the growing demand in the downstream market, Organic Acid is forecast to a readjusted size of US$ 24960 million by 2030 with a CAGR of 1.2% during the review period. Market Overview
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleThe research report highlights the growth potential of the global Organic Acid market. Organic Acids are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Organic Acid. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Organic Acid market. An organic acid is an organic compound with acidic properties. The most common organic acids are carboxylic acids, whose acidity is associated with their carboxyl group –COOH. Sulfonic acids, containing the group –SO2OH, are relatively stronger acids. Alcohols, with –OH, can act as acids but they are usually very weak. The relative stability of the conjugate base of the acid determines its acidity. Other groups can [also] confer acidity, usually weakly: the thiol group –SH, the enol group, and the phenol group. In biological systems, organic compounds containing these groups are generally referred to as organic acids. Key Features:
The report on the Organic Acid market reflects various aspects and provides valuable insights into the industry. Market Size and Growth: The research report provides an overview of the current size and growth of the Organic Acid market. It may include historical data, market segmentation by Type (e.g., Acetic Acid, Citric Acid), and regional breakdowns. Market Drivers: The three main industries that use organic acids are food and drink, personal care, and medicines, the latter of which has attracted a lot of interest lately. Acetic, citric, lactic, fumaric, and other primary organic acids are utilized in the production of plastics, tanning, textiles, paper, metal, medicines, perfumes, herbal pesticides, pigments and dyes, lubricants, food and beverage applications, and cosmetics. In industrial and pharmaceutical uses, formic and acetic acids are the most commonly utilized acids. Throughout the forecast period, the market for organic acids is anticipated to be driven by a rise in demand for skincare products with multiple uses. Furthermore, due to their advantages over other feed acidulants, acidulants like fumaric and malic acids are displacing antibiotics in animal feed.
Animal health is enhanced by fumaric and malic acids, which inhibit the growth of microorganisms in the digestive tract. Furthermore, producers are switching to organic acids in place of antibiotic growth promoters (AGP) in animal feed due to growing concerns. Challenges- If acetic acid is not utilized in safe and sensible amounts, it can be a dangerous chemical. In addition to its industrial uses, acetic acid is also employed in pesticide formulations as a fruit-weeping weed killer, mould inhibitor, and feed-grade antibacterial agent. However, aquatic life, plants, and animals may be harmed by the high acetic acid content in pesticides and animal feed. One of the biggest obstacles that producers of organic acids must overcome is this. Furthermore, because of legal requirements and environmental concerns, the amount of propionic acid used in herbicides is gradually declining. Several herbicide formulations containing propionic acid have been used in industrialized nations in the past. Certain products have been outlawed by the countries because they include many hazardous contaminants. Market Forecasts and Future Outlook: Product Portfolio Diversification: To meet changing market demands and application needs, producers of organic acids are expanding the range of products they offer. Specialized organic acid formulations, blends, and derivatives are being created to satisfy client needs regarding functionality, stability, and process compatibility. Growth into New Businesses and Applications: Because organic acids are so versatile, there is potential for growth in businesses and applications outside of the food and agriculture sectors. Organic acids are used in a variety of industries, including bio-based polymers, industrial chemicals, personal care, and medicines. This leads to market diversification and expansion. Based on the analysis conducted, the research report provides market forecasts and outlook for the Organic Acid industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments. Recommendations and Opportunities: Many food safety regulatory bodies see the majority of organic acids, including fumaric acid, lactic acid, and citric acid, as safe food additives. For example, the CODEX Alimentarius states that citric acid can be used in a range of designated food and beverage items by the Good Manufacturing Practices (GMP) specified in the Codex GSFA Preamble. According to European Union Regulation (EC) 1333/08, E330 citric acids are allowed as beer and malt beverage additions. The demand in this market would be driven by rising malt beverage consumption and reduced impact from laws on the use of citric acid as food additives. Market Segmentation: The organic Acid market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. In terms of product, acetic acid is the largest segment, with a share of over 70%. In terms of application, the largest application is industrial, with a share of over 60%. 1. Segmentation by type • Acetic Acid • Citric Acid • Formic Acid • Lactic Acid • Propionic Acid • Malic Acid • Sorbic Acid • Oxalic Acid • Tartaric Acid • Others 2. Segmentation by application • Industrial • Food & Beverages • Feed • Pharmaceuticals • Personal Care • Others Regional Insights: America: Due to strict laws controlling the use of chemicals in the food, agricultural, and pharmaceutical industries, America is a major market for organic acids. The need for organic acid-based solutions is fuelled by the region's growing inclination for natural and organic products as well as the existence of significant businesses in the biotechnology and food processing industries. Europe: When it comes to sustainable projects and laws that support the use of biobased chemicals and renewable resources, Europe has led the way. The Circular Economy Action Plan and the Renewable Energy Directive (RED) of the European Union promote the use of bio-based products, such as organic acids, in a variety of industries. Consequently, Europe is seeing a rise in investments in the infrastructure of biorefineries and the development of biobased products. Asia-Pacific: The organic acid market has enormous growth potential in this area due to its rapidly growing population, fast urbanization, and rising industrial base. The need for organic acids in food processing, animal feed, agriculture, and industrial applications is growing in countries like China, India, and Southeast Asia. Government programs supporting bio-based companies and sustainable agriculture contribute to the region's market expansion. 1. Americas • United States • Canada • Mexico • Brazil 2. APAC • China • Japan • Korea • Southeast Asia • India • Australia 3. Europe • Germany • France • UK • Italy • Russia 4. Middle East & Africa • Egypt • South Africa • Israel • Turkey • GCC Countries Competitive Landscape: Global key players in organic acid include Celanese, BP, Jiangsu Sopo, Huayi, Eastman, etc. Global top five manufacturers hold a share of over 32%. The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, and market penetration. • Celanese • BP • Jiangsu Sopo • Shanghai Huayi • Eastman • Yankuang Cathay Coal Chemicals • Chang Chun Group • LyondellBasell • Shandong Hualu-Hengsheng • Kingboard Chemical • Daicel • Sipchem • Weifang Ensign Industry Co., Ltd. • TTCA Co., Ltd • RZBC Group Co. Ltd. • Cofco Biochemical (Anhui) Co., Ltd. • Jungbunzlauer Suisse AG • Tate & Lyle • BASF • LUXI • Corbion-Purac • Cargill • DSM
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