PUBLISHER: SkyQuest | PRODUCT CODE: 1244305
PUBLISHER: SkyQuest | PRODUCT CODE: 1244305
Global Organic Acid Market was valued at USD 11.21 billion in 2021, and it is expected to reach a value of USD 15.2 billion by 2028, at a CAGR of more than 5.3% over the forecast period (2022-2028).
An organic molecule called an organic acid often exhibits acidic characteristics. Carboxylic acids, also referred to as weak acids, are an everyday illustration of organic acids. unlike strong minerals, acids and do not fully dissociate in a medium like water. Since they are less reactive than hydrochloric acids and other strong acids, the most basic organic acids, such as acetic and formic, are typically employed in anti-stimulation treatment corrosion for gas and oil.
Another advantage of dietary acidification with organic acid for environmental hygiene is the prevention of microbial and fungal degradation of animal feed. Organic acids are frequently used to enhance flavour and regulate the quantity of acid in food. The compounds' excellent antioxidant and preservation properties have a favourable effect on the organic acid market. The demand for organic acids is anticipated to increase over the forecast period as a result of the growing global population and GDP growth in developing economies. Due to their use in several drugs including phenacetin and aspirin, the pharmaceutical industry is also projected to have a considerable need for organic acids.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Organic Acid Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
The Global Organic Acid Market is segmented based on the Product, Application, and region. Based on the Product, the Global Organic Acid Market is segmented as Acetic acids, Citric Acids, Formic Acids, Propionic Acids, Lactic Acids, Fumaric Acids, Ascorbic Acids, Gluconic Acids and Others. Based On Application, the Global Organic Acid Market is segmented as Bakery & Confectionery, Dairy, Beverages, Poultry, Meat and Seafood, Livestock feed, Animal feed, Pharmaceuticals, Industrial and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Driver
Within the food sector, Organic acids are in high demand due to their beneficial properties, such as lactic acid, which is commonly used in the pharmaceutical business. This need is also being fueled by the pharmaceutical industry's explosive growth. The utilisation of organic acid in the textile, feed, and personal care industries is also impressive.
The growing demand in developing countries, the expanding use of dietary microencapsulated organic acids, the growing focus on producing organic acids from bio-based sources, and the expanding utilisation of organic acids in a wide range of applications are the primary market drivers.
Restraint
Acetic acid can be hazardous if not used in safe and responsible levels. Acetic acid is employed not just in industrial settings but also in the formulation of pesticides, as a herbicide to control weeds on fruit, and to inhibit the growth of microorganisms in feed. But, when it's present in pesticides or animal feed in large amounts, acetic acid can be harmful to wildlife, plants, and aquatic life. The following is a list of the most common questions we receive from our customers.
Market Trends
Citric acid is one of the most often utilised additives in the food and beverage industry because of its low toxicity in comparison to other acidulates. It is also used as a preservative to increase the shelf life of convenience foods. Jams, gelatin-based desserts, canned fruit and vegetables, and non-alcoholic beverages all include it. Since it provides a tangy and energising flavour that counterbalances the sweetness of many drinks, it also makes a substantial contribution to flavour enhancement, particularly in the beverage industry.
The enormous growth of the food and beverage industry globally is one of the key factors supporting a positive outlook for the market. Due to hectic schedules and busy lifestyles, there is an increase in consumer demand for ready-to-eat (RTE) food products prepared with organic acids to prevent the formation of bacteria. The product's widespread use as an alternative to antibiotic growth promoters (AGP) in animal feed is also contributing to the market's expansion. As a result of customers' increasing preference for multipurpose cosmetic and personal care products boosted with citric and formic acids, monitors, motion sensors, plugs, and voice assistance systems are being created. This has led to an expansion of the organic acid market.