Organic Acids Demand Rising at a CAGR of 6.1% is Reach USD 22.2 Billion by 2033; Food and Beverage Account for a Major Share

The market for organic acids is projected to be worth US$ 12.3 billion in 2023 and to increase at a CAGR of 6.1% to US$ 22.2 billion by the end of 2033.

Bio-based organic acids made from wheat or maize are less expensive and more environmentally friendly than organic acids made from traditional or petrochemical sources. Organic acids produced with sustainable feedstock have positive environmental effects. Organic acids produced from renewable sources share many of the same chemical properties as organic acids produced from conventional sources, but the amount of hazardous waste produced during production is considerably less.

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Food & Beverage Industry: The Major Consumer of Organic Acids

A significant portion of the ingestion of organic acids is from food and drink. The growing population and GDP will raise the need for organic acids in the upcoming years. The demand for organic acids will continue to grow in the food and beverage industry as they are utilised more frequently in the production of soft drinks and other food products.

Acetic acid dominated the global market for organic acids in terms of demand. Due to its antibacterial and antifungal properties, it is being used more frequently in the food and beverage industry, which is a major driver of market growth.

Also, the addition of organic acids to foods and beverages offers several health benefits, which has increased consumer demand in recent years.

The Food and Agriculture Organization of the United Nations projects that by 2030, the average daily food intake per person will have increased to 3,050 kcal.

Due to their increased use in the production of soft drinks and other food products, organic acids will continue to be in demand in the food and beverage industry.

Key Players

    • BASF SE
    • Cargill
    • Daeho Co., Ltd
    • Dow Chemical Company
    • Eastman Chemical Company
    • Myriant Corporation
    • Celanese Corporation
    • Archer Daniels Midland Company
    • Henan Jindan Lactic Acid Technology Co. Ltd.
    • Tate & Lyle Plc.
    • E. I. Du Pont De Nemours and Company

This global Organic Acids industry research analysis includes industry share, size, consumption, cost, revenue, CAGR, production, gross margin, and market influencing factors. This research is a complete numerical examination of a firm that provides data for generating market growth and success strategies.

The study provides industry size, revenue, gross margin, price, and market share estimations, as well as cost structure and decision-making growth rates. It offers a comprehensive analysis of the market, covering data on several factors such as drivers, constraints, opportunities, and threats. This data can assist stakeholders in making informed decisions prior to investing.

Secondary research comprises an in-depth investigation of stock prices, retail transactions, and other relevant facts. Domestic and global politics, new buying patterns, composite economic predictions, technical breakthroughs, and the environmental implications of the Organic Acids sectors are all thoroughly examined.

Furthermore, it contains a specialized segmentation focusing on a number of categories, allowing for a comprehensive examination of any consumer goods. Similarly, the study estimates Organic Acids market share based on existing and predicted market growth.

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This research gives extensive market knowledge with leading profiles in the Organic Acids market. It contains data that has been verified using a limited number of research approaches and primary or secondary sources.

Elements including drivers, share, size, market revenues, potential and problems, important players, domination nations, changing Organic Acids market dynamics, economic instability, and other competitive features are thoroughly recognized by experts SWOT, PESTEL, primary and secondary research procedures, and different analytic procedures are used to develop the consumer study.

The thesis includes a wide range of themes, such as important product offers, industry history, important statistics, risk analysis, marketing and sales strategies, product growth, recent advancements and new product releases, innovation and progress, and a variety of Organic Acids business practices.

Segmentation of Organic Acids Industry Research

    • By Product:
      • Acetic Acid
      • Formic Acid
      • Lactic Acid
      • Citric Acid
      • Propionic acid
      • Ascorbic acid
      • Gluconic acid
      • Fumaric acid
      • Malic acid
      • Others
    • By Application:
      • Bakery and Confectionery
      • Dairy
      • Beverages
      • Poultry, Meat, and Seafood
      • Livestock Feed
      • Companion Animal Feed
      • Pharmaceuticals
      • Industrial
      • Others
    • By Region:
      • North America
      • Latin America
      • Europe
      • East Asia
      • South Asia & Oceania
      • MEA

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Key Points Covered in the Organic Acids Report:

• The Organic Acids market study often examines important trends, risks and incentives, components, industry conditions, and difficulties in the global market.
• The report employed a variety of data and graphs to present a more complete picture of the Organic Acids market.
• The global analysis contained a preliminary assessment of the industry’s size as well as a full review of the sector.
• This research gives a fast snapshot of the current situation of worldwide regions. The Organic Acids report includes top sellers, unions, stores, malls, and enterprises.
• The report also contains comprehensive insights into the market segmentation.

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