The Global Organic Acids Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively. The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.
The report offers a value chain analysis that gives a comprehensive outlook of this market. The attractiveness analysis of this market has also been included so as to evaluate the segments that are anticipated to be profitable during the forecast period.
Final Report will cover the impact of COVID-19 on this industry.
Browse the complete Global Organic Acids Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/8887-organic-acids-market-report
The report also covers the complete competitive landscape of the global Organic Acids market with company profiles of key players such as:
- BASF SE
- Cargill, Inc.
- The DOW Chemical Company
- E. I. Du Pont De Nemours and Company
- Tate & Lyle PLC
- Eastman Chemical Company
- Myriant Corporation
- Calanese Corporation
- Henan Jindan Lactic Acid Technology Co. Ltd
- Archer Daniels Midland Company
SEGMENTATIONS IN REPORT:
By Type:
- Acetic Acid
- Citric Acid
- Formic Acid
- Lactic Acid
- Propionic Acid
- Gluconic Acid
- Fumaric Acid
- Other Acids (Malic, Tartaric, Succinic, Butyric, And Acrylic Acids)
By Source:
- Biomass
- Molasses
- Starch
- Chemical Synthesis
By Applications:
- Industrial
- Food
- Feed
By Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World
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The Global Organic Acids Market has been exhibited in detail in the following chapters –
Chapter 1 Organic Acids Market Preface
Chapter 2 Executive Summary
Chapter 3 Organic Acids Industry Analysis
Chapter 4 Organic Acids Market Value Chain Analysis
Chapter 5 Organic Acids Market Analysis By Type
Chapter 6 Organic Acids Market Analysis By Source
Chapter 7 Organic Acids Market Analysis By Applications
Chapter 8 Organic Acids Market Analysis By Geography
Chapter 9 Competitive Landscape Of Organic Acids Companies
Chapter 10 Company Profiles Of Organic Acids Industry
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Organic acids market is projected to expand at a CAGR of ~ 5% during the forecast period.
The extensive usage of organic acids in the food & beverages industry mostly influences the remarkable growth of the organic acids market.
The food & beverages industry has shown significant growth in recent years, owing to the growing population and increasing disposable income, thereby, driving growth in the organic acids market.In 2019, worldwide sales of organic acids are estimated to reach a valuation of ~US$ 120 Bn.
Organic acids are gaining traction in pharmaceutical and animal feed applications, which further fuels market growth throughout the forecast period.
Furthermore, the key players are increasing their business footprint swiftly, which creates lucrative opportunities for the market.Key Takeaways from the Organic Acids Market StudyThe steady demand for petroleum based organic acids is likely to suffer with an upsurge in the popularity of bio-based organic acids globally.Bakery & Confectionary applications account for the lion’s share in the marketAcetic acid predominantly covers the large share of the organic acids market, however in terms of value, citric acid holds the majority share owing to high priceIncreased demand for green substitutes and the crucial need to improve bio-refining processes are creating opportunities for organic acid manufacturersExpansion of Production Facility is the Top Strategy of Market PlayersManufacturers involved in the organic acids market are heavily investing in the research & development activities for advancement in production technologies to develop a more economical method of production.
Therefore, they have developed a bio-based version of organic acids, which is further boosting the global organic acids market.
05 Oct 2018 – The global White Biotechnology Market size is expected to value at USD 487.08 billion by 2024. In addition, white biotechnology plays a vital role during production of essential chemical products such as organic acids, amino acids, ethanol and various types of vitamins, thus propelling the market growth in the recent years.
Globally, the white biotechnology industry is predicted to grow at CAGR of 10.2% in forecast period, providing numerous opportunities for market players to invest in research and development of the white biotechnology sector.
Increasing adoption of biotechnology market in healthcare sector and pharmaceutical industry coupled with reduced manufacturing cost of drugs and various chemical products are expected to drive market demand for white biotechnology over the forecast period.
Organic acids have been used for years as popular food and beverage additives in the worldwide food processing industry.
Some organic acid variants are also used complementary functions dissemination of food borne pathogens and reducing microbial contaminations.According to a recent study, the global market for organic acids is expected to result in a steady CAGR of approximately 5 per cent which is expected to hold through the forecast period till 2027.
This rising use of organic acid is attributed to extensive use for pharmaceutical product developments in addition to the processed food and beverage industries, which is augmented further by niche applications in chemical processing, detergent production, animal feed, and cosmetics.Niche Applications of Bio-based Organic Acids Creates Lucrative OpportunitiesAside from the primary applications in the food and beverage industry, organic acids find widespread applications for a number of niche end use industries ranging from consumer goods, coatings, textiles, feed, adhesives, and sealants among others.For a large number of these applications, acetic acid can account for a majority of such sales.
Further, formic acid finds use in applications such as the tanning of leather, drilling oil and also as an ingredient in deicing materials.Interested market participants and readers can peruse the global market organic acids market report to get insights into and evaluation of:Key growth drivers and restraints, trends and opportunities, and major challenges influencing the adoption rate of offerings by various players in the organic acids marketMajor research and product development projectsPromising technologies and favorable regulations in key regionsSegments that will lose or gain shares in the next few yearsValue chain of key vendors and manufacturersThe organic acids market report provides estimations and the market sizing and prospects of various regions.
To this end, the study segments the organic acids market on the following product types:Acetic AcidFormic AcidLactic AcidCitric AcidPropionic acidAscorbic acid OrganicGluconic acidFumaric acidMalic acidStringent regulations relevant to environment protection has been a key factor behind the development and production of existing organic acid sourced from renewable and natural sources.
The demand to improve bio refining processes has also played a major role in the growth of organic acid manufacturers.This trend is a key reason why bio-based succinic acid has rapidly replaced conventional succinic acid sourced out of petroleum, which has also resulted in the growth of the biodegradable plastic production.
