Need help finding what you are looking for?
Contact Us
PUBLISHER: IMARC | PRODUCT CODE: 1390701
PUBLISHER: IMARC | PRODUCT CODE: 1390701
Organic Acids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
PUBLISHED:
PAGES: 148 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
Abstract
The global organic acids market size reached US$ 24.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 39.5 Billion by 2028, exhibiting a growth rate (CAGR) of 8.14% during 2022-2028.
Organic acids refer to organic compounds with low molecular mass and weak acidic properties. They can be produced through fermentation of biomass, molasses, starch or agro-industrial residues, such as cassava bagasse, coffee husk, apple pomace, soybean, sugarcane, corn cobs, press-mud, wheat bran, citric pulps and fruit peels. Some of the commonly used organic acids include carboxyl, formic, lactic, propionic, gluconic, malic and benzoic acid. Organic acids are highly beneficial in the stimulation treatments of oil and gas and chelating metallic ions. They are widely used as antioxidants, acidulants, emulsifiers, flavor enhancers and preservatives. In comparison to the traditionally used mineral acids, organic acids are less reactive and can be used in extreme temperatures. As a result, they find extensive application in the manufacturing of food and beverages, animal feed and pharmaceuticals.
Organic Acids Market Trends:
Significant growth in the food and beverage industry across the globe is one of the key factors creating a positive outlook for the market. Due to the hectic schedules and busy lifestyles, there is an increasing consumer demand for ready-to-eat (RTE) food products manufactured using organic acids for preventing the growth of bacteria. Moreover, the widespread product adoption as a substitute for antibiotic growth promoters (AGP) in animal feed is also contributing to the growth of the market. In line with this, the rising preference for multifunctional cosmetic and personal care products fortified with citric and formic acids is also contributing to the growth of the market. Other factors, including the implementation of favorable government policies promoting the manufacturing of bio-based organic acids through renewable resources, along with the increasing product utilization for the production of various intermediates and petrochemical products, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global organic acids market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, source and end user.
Breakup by Type:
Acetic Acid
Citric Acid
Formic Acid
Lactic Acid
Gluconic Acid
Fumaric Acid
Itaconic Acid
Others
Breakup by Source:
Biomass
Molasses
Starch
Chemical Synthesis
Agro-industrial residue
Breakup by End User:
Food and Beverage
Animal Feed
Chemical and Industrial
Pharmaceuticals
Personal Care
Agriculture
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Cargill Incorporated, Celanese Corporation, Dow Inc., Koninklijke DSM N.V., DuPont de Nemours Inc., Eastman Chemical Company, Henan Jindan Lactic Acid Technology Co. Ltd., Tate & Lyle PLC and The Archer-Daniels-Midland Company.
Key Questions Answered in This Report
- 1. What was the size of the global organic acids market in 2022?
- 2. What is the expected growth rate of the global organic acids market during 2023-2028?
- 3. What has been the impact of COVID-19 on the global organic acids market?
- 4. What are the key factors driving the global organic acids market?
- 5. What is the breakup of the global organic acids market based on the type?
- 6. What is the breakup of the global organic acids market based on the source?
- 7. What is the breakup of the global organic acids market based on end user?
- 8. What are the key regions in the global organic acids market?
- 9. Who are the key players/companies in the global organic acids market?
Product Code: SR112023A4562
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Organic Acids Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Acetic Acid
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Citric Acid
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Formic Acid
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Lactic Acid
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Gluconic Acid
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Fumaric Acid
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Itaconic Acid
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Others
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
7 Market Breakup by Source
- 7.1 Biomass
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Molasses
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Starch
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Chemical Synthesis
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Agro-industrial residue
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End User
- 8.1 Food and Beverage
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Animal Feed
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Chemical and Industrial
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Pharmaceuticals
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Personal Care
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Agriculture
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 BASF SE
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Cargill Incorporated
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 SWOT Analysis
- 14.3.3 Celanese Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Dow Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Koninklijke DSM N.V.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 DuPont de Nemours Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Eastman Chemical Company
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Henan Jindan Lactic Acid Technology Co. Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Tate & Lyle PLC
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 The Archer-Daniels-Midland Company
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.1 BASF SE
Product Code: SR112023A4562
List of Figures
- Figure 1: Global: Organic Acids Market: Major Drivers and Challenges
- Figure 2: Global: Organic Acids Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Organic Acids Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Organic Acids Market: Breakup by Type (in %), 2022
- Figure 5: Global: Organic Acids Market: Breakup by Source (in %), 2022
- Figure 6: Global: Organic Acids Market: Breakup by End User (in %), 2022
- Figure 7: Global: Organic Acids Market: Breakup by Region (in %), 2022
- Figure 8: Global: Organic Acids (Acetic Acid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Organic Acids (Acetic Acid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Organic Acids (Citric Acid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Organic Acids (Citric Acid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Organic Acids (Formic Acid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Organic Acids (Formic Acid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Organic Acids (Lactic Acid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Organic Acids (Lactic Acid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Organic Acids (Gluconic Acid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Organic Acids (Gluconic Acid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Organic Acids (Fumaric Acid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Organic Acids (Fumaric Acid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Organic Acids (Itaconic Acid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Organic Acids (Itaconic Acid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Organic Acids (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Organic Acids (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Organic Acids (Biomass) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Organic Acids (Biomass) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Organic Acids (Molasses) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Organic Acids (Molasses) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Organic Acids (Starch) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Organic Acids (Starch) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Organic Acids (Chemical Synthesis) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Organic Acids (Chemical Synthesis) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Organic Acids (Agro-industrial residue) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Organic Acids (Agro-industrial residue) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Organic Acids (Food and Beverage) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Organic Acids (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Organic Acids (Animal Feed) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Organic Acids (Animal Feed) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Organic Acids (Chemical and Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Organic Acids (Chemical and Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Organic Acids (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Organic Acids (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: Organic Acids (Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: Organic Acids (Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Global: Organic Acids (Agriculture) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Global: Organic Acids (Agriculture) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Global: Organic Acids (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Global: Organic Acids (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: North America: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: North America: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: United States: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: United States: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Canada: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Canada: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Asia-Pacific: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Asia-Pacific: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: China: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: China: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Japan: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Japan: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: India: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: India: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: South Korea: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: South Korea: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Australia: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Australia: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Indonesia: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Indonesia: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Europe: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Europe: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Germany: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Germany: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: France: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: France: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: United Kingdom: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: United Kingdom: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Italy: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Italy: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Spain: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Spain: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Russia: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Russia: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Others: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Others: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Latin America: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Latin America: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Brazil: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Brazil: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Mexico: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 91: Mexico: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 92: Others: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 93: Others: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 94: Middle East and Africa: Organic Acids Market: Sales Value (in Million US$), 2017 & 2022
- Figure 95: Middle East and Africa: Organic Acids Market: Breakup by Country (in %), 2022
- Figure 96: Middle East and Africa: Organic Acids Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 96: Global: Organic Acids Industry: SWOT Analysis
- Figure 97: Global: Organic Acids Industry: Value Chain Analysis
- Figure 98: Global: Organic Acids Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Organic Acids Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Organic Acids Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Organic Acids Market Forecast: Breakup by Source (in Million US$), 2023-2028
- Table 4: Global: Organic Acids Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Organic Acids Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Organic Acids Market: Competitive Structure
- Table 7: Global: Organic Acids Market: Key Players
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.