The Organic Acids Market size is projected to grow at a CAGR of 5.2% during the forecast period 2022-2027 and reach US$14.03 billion by 2027. An organic acid is an organic compound that has acidic properties. A very common example of organic acid is carboxyl acid, which is known as a weak acid and does not dissociate totally in mediums such as water when compared with other strong minerals. The simplest form of organic acids (such as acetic acid and formic acid) are used mostly in stimulation treatments as they are less reactive when compared to hydrochloric acid or other strong acids. Some of the common examples of organic acids are lactic acid, acetic acid, formic acid, citric acid, oxalic acid, uric acid, malic acid, tartaric acid, carboxylic acid and others. The expansion of the Organic Acids Market size is primarily driven by its usage in food and beverage applications, such as bakery, confectionery, dairy, beverages and others.The Organic Acids Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape:
The top 5 players in the Organic Acids industry are –
1. Archer Daniels Midland Company
2. BASF SE
3. Celanese CorporationE.i.
4. Dupont De Nemours and Company
5. Eastman Chemical Company
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Segmental Analysis:
1. Acetic acid type in Organic Acids Market held a significant share in 2021. Its growing application in the food and beverage industry is one of the major factors driving the market.
2. Organic acids are widely used in the petrochemical sector which is majorly utilized in the production of petrochemical products for end-use and intermediates. This is further expected to create a major opportunity for the manufacturers of the Organic Acids Industry.
3. Textile sector is also a major consumer of acetic acid for its dyeing operations. Acetic acid is used as a buffering agent in the dyeing process of cloth with colors. Moreover, a large production of food and beverage products is being manufactured to control the obese population.
4. The consumption of Organic Acids is particularly high in this region due to its increasing demand from the construction, food and beverage, petrochemical and textile industries due which is driven mostly by the demand for acetic acid.
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Report Coverage |
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Report Attributes |
Details |
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By Form |
Fruits, Vegetables, Grains And Seeds, Herbs And Roots and Others
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By Source |
Bakery And Confectionery, Snacks, Beverages and Others.
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By Type |
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By Application |
Food & Beverages,Feed,Pharmaceuticals,Industrial
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By Geography |
North America, Europe, Asia-Pacific, South America and Rest of World |
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Market Drivers and Challenges:
An increase in demand from the pharmaceutical sector: Organic Acids have been used in the pharmaceutical industry for the past many years, especially formic acid. Formic acid is used as a pharmaceutical intermediate in producing numerous medicines, such as vitamin B, amidopyrine and others. The surge in measles cases globally is increasing the demand for aminopyrine medicines.
Growing usage in the food and beverages industry: Organic acids are used in the food and beverage processing industry. Organic acids are used as a fueling agent in beverages while increasing the usage of organic acid to counteract pathogens in the food processing production and is expected to boost the market in coming years.
Regulations and Human Effects: According to ECHA in REACH registrations, following the categorization provided by the firms indicate that formic acid is poisonous if inhaled, which causes organ damage, is dangerous if eaten, and is flammable in liquid and vapor causing serious eye damage.
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Similar Reports:
A. Formic Acid Market
https://www.industryarc.com/Report/16444/formic-acid-market.html
B. Acetic Acid Market
https://www.industryarc.com/Report/15057/acetic-acid-market.html
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