The rapid growth of the food and beverages industry, growing need for preservation ingredients, and heavy acid regulation requirements in varied products are key factors contributing to high CAGR of Organic Acids during forecast period.

Market Size – USD 19.91 Billion in 2018, Market Growth - CAGR of 8.0%, Market Trends – Product synthesis through bio-based methods, rising application in pharmaceutical products

According to the current analysis of Reports and Data, the global Organic Acids market was valued at USD 19.91 Billion in 2018 and is expected to reach USD 36.86 Billion by year 2026, at a CAGR of 8.0%. Organic acids have a wide scale of application in the industry. Synthetically produced organic acids are used as catalysts, surfactants and dyes popularly. Those that are produced by fermentation process of microorganisms are extensively used in various processes in the food and beverages industry. Organic acids market is expected to witness a favourable growth scenario in the Asia Pacific market as the region has an extensively increasing demand for food and beverages, which are an important application of organic acids.

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Companies considered and profiled in this market study

Cargill, Aryan International, Novus, BASF SE, Tate & Lyle, Dow Chemical Company, Eastman Chemical Company, Corbion, Myriant Corporation, Zhengzhou Best Cooperation, among others are leading players involved in the global Organic Acids market.

Further key findings from the report suggest-

  • The market for renewable organic acids is driven by stringent environmental regulations imposed on the conventional production methods. The former do not leave any toxic waste behind and organic acids are therefore being increasingly synthesized from renewable bio-based methods.
  • By product, formic acid has important applications. It is highly acidic in nature, which helps in leather production processes, dyeing processes and textile finishing. The formic acid segment is expected to grow at a CAGR of 7.9% during the period of forecast.
  • Citric acid is another popular organic acid that has very strong physio-chemical properties. It has important biomedical applications and also as a disinfectant against many viruses.
  • Animal feed products are an important application of organic acids due to their positive effect on feed quality and animal performance. BASF SE offers Lupro-Mix, a blend of Propionic acid and formic acid, which is a popular animal feed product.
  • Since organic acids provide antimicrobial protection, they are helpful in self-care commercial products. Their popularity arises mainly out of the fact that they are cost-effective and safe in comparison to most other alternatives that have been developed.

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For the purpose of this study, Reports and Data have segmented the Organic Acids market on the basis of product type, source type, application, and region:

Product Type (Revenue, USD Million; 2016–2026)

  • Formic Acid
  • Citric Acid
  • Lactic Acid
  • Acetic Acid
  • Gluconic Acid
  • Itaconic Acid
  • Others
  • Propionic Acid
  • Succinic Acid
  • Pyruvic Acid

Source Type (Revenue, USD Million; 2016–2026)

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

Application (Revenue, USD Million; 2016–2026)

  • Food and Beverages Industry
  • Animal Feed
  • Chemical Industry
  • Pharmaceuticals
  • Personal Care
  • Agriculture
  • Others

Regional Outlook (Revenue in USD Million; 2016–2026)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of the Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East and Africa
  • Latin America
    • Brazil

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