Global Organic Acids Market Analysis, 2024-2030

The organic compounds with a low pH level are known as organic acids. They have far and wide application, mostly in the food industries and the pharmaceutical industry. There are many different types of organic acids which are commercially used – acetic acid, formic acid, fumaric acid, malic acid, citric acid, lactic acid, gluconic acid and more. They are used mainly in the confectionary business, drinks and beverages, dairy, poultry, processed meat and seafood and in most food industries for preservation. Organic acids help in regulating the acidic content of the food and add flavour to it.

The report on global organic acid market presents the crux of over 340 hours of synergized efforts of analysts, industry experts, and academician to assess the present market scenario. The findings are substantiated by a thorough analysis of the organic acid industry value chain coupled with exhaustive secondary and primary research.

The market for organic acids has significantly increased during the last few years. From the value of US $ XXX billion in 2014, it now stands at US $ XXX billion in 2017. The market has registered a growth of XXX% on an annual basis during this period. It is expected that the value would touch the levels of US $ XXX billion by 2020 with a CAGR of XXX% increase every year.

The chief reasons behind this significant rate of growth of the organic acids are the development of the food and beverages industry. Organic acids have antioxidants and preservative properties which makes them the perfect component for these businesses. Also, nowadays consumers prefer to go for foods which have better preservatives, especially the ones containing excessive salt, sugar,and chemicals. The organic acid is the answer to that. The expanding market for medicines and drugs is also a reason for the boost in organic acids market.

There are not many negative factors working against the growth of the organic acids market, the major issue that the industry might face is extensive competition, which is perhaps the only hindrance to the individual companies as it would lead to a reduction in prices. There are innumerable companies around the world operating in this industry with significant investment in research and development.

North America has recorded the maximum usage of organic acids in the world. The North American economy majorly thrives on readymade food, so it is not surprising that it has the pole position in terms of consumption. The continent is expected to hold on its top rank in the organic acids market for the forecast period. The Asia Pacific is expected to see a boom as well since it is witnessing rapid development in the food and beverages industry.

The global companies leading the organic acid market includes Cargill, Inc., BASF SE, The Dow Eastman Chemical Company, Celanese Corporation, Myriant Corporation, Henan Jindan Lactic Acid Technology Co. Ltd., Archer Daniels Midland Company, Tate & Lyle Plc., and E. I. Du Pont De Nemours

Our Approach

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.

To converge the insights across the globe, the global organic acid market is segmented based on type, source, end-use, and geography. Organic acid types such as citric acid, acetic acid, formic acid, lactic acid, succinic acid, fumaric acid and similar others were mapped for different end-users such as animal feed, food & beverage, personal care, pharmaceutical, agricultural and industrial among others. The organic acids from different sources as molasses, biomass, chemical, agricultural residual were also tracked for different applications across the globe.

Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations (Fig1). This allowed a 3600 view of the industry dynamic.

Figure 1 Primary research breakdown

Contents of the report:

• Insight on the current industry dynamics
• Estimation of the current market size in terms of value and volume
• Market breakup based on source, type, end-use, and geography
• Substantiated market forecasting for the next five years
• Detailed analysis of the key companies operating across different nodes of organic acid industry value chain

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