PUBLISHER: IMARC | PRODUCT CODE: 1561456
PUBLISHER: IMARC | PRODUCT CODE: 1561456
Organic Acids Market Report by Type, Source, End User, and Region 2024-2032
The global organic acids market size reached US$ 26.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 50.4 Billion by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032.
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 2024-2032. 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:
Breakup by End User:
Breakup by Region:
Competitive Landscape:
Key Questions Answered in This Report
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
3 Executive Summary
4 Introduction
5 Global Organic Acids Market
6 Market Breakup by Type
7 Market Breakup by Source
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Price Analysis
14 Competitive Landscape
List of Figures
- Figure 1: Global: Organic Acids Market: Major Drivers and Challenges
- Figure 2: Global: Organic Acids Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Organic Acids Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Organic Acids Market: Breakup by Type (in %), 2023
- Figure 5: Global: Organic Acids Market: Breakup by Source (in %), 2023
- Figure 6: Global: Organic Acids Market: Breakup by End User (in %), 2023
- Figure 7: Global: Organic Acids Market: Breakup by Region (in %), 2023
- Figure 8: Global: Organic Acids (Acetic Acid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Organic Acids (Acetic Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Organic Acids (Citric Acid) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Organic Acids (Citric Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Organic Acids (Formic Acid) Market: Sales Value (in Million US$), 2018 & 2023
List of Tables
