Organic Acid Market to Reach USD 18.8 Billion by 2032 with a 5.3% CAGR

Organic Acid Market

The organic acid market is expected to reach a valuation of USD 11.3 Billion in 2022. Sales of organic acids are anticipated to increase at a CAGR of 5.3%, reaching a valuation of USD 18.8 Billion by 2032.

Organic acid is used in the food and beverage sector as a preservative to prolong the shelf life of food without altering its taste or flavour. It is also used in beverages due to its anti-oxidizing and anti-bacterial properties.

These acids have multiple applications in animal feed industry to inhibit bacterial growth and provide hosts with nutritional content. They are used in cosmetics to get rid of dead cells and nourish skin. Owing to these factors, demand for organic acids is expected to rise in the forthcoming years.

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Consumers are adopting a healthy lifestyle and are conscious about the intake of any products that contain chemical ingredients which be harsh on their skin or cause any side effects because of daily consumption.

Consumer preference for brands that are offering organic products without harmful chemical additives is expected to influence the demand for organic acids. To fulfil rising consumer demand for natural products, manufacturers are developing technologies and clean label products that do not cause any harm to environment and human health.

Asia Pacific is expected to witness surge in demand for organic acids due to less stringent policies. North America is expected to be the hub for manufacturing and export of different organic acids due to easy availability of infrastructure and technical know-how.

 “Growing preference for clean label products across the food & beverage sector, coupled with increasing incorporation of organic acids in animal feed will steer growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • The organic acid market is expected to grow at CAGR of 5.2% and 4.2% in North America and the Latin America, respectively, through 2032.
  • Asia Pacific is expected to account for 30% of the total organic acid market share share.
  • The Europe organic acid market is expected to reach a valuation of US$ 4.5 Bn over the forecast period.
  • Total sales in the U.S. organic acids market will reach a valuation of US$ 2.1 Bn in 2022.
  • The India organic acid market valuation will total US$ 1.07 Bn in 2022.
  • By application, sales in the poultry and farming segment are projected to account for 30% of the total market share.
  • Based on product type, demand for citric acid will continue gaining traction.

Competitive Landscape

Key organic acid manufacturers are focusing on research & development to offer various products with no chemical additives. Key players are collaborating and developing new products to penetrate untapped markets. For instance:

  • Eastman Chemical Company announced the acquisition of 3F Feed & Food, a European pioneer in the commercial and technical producer of livestock feed and human food additives. 3F’s operations and assets, which are based in Spain, will improve and support Eastman’s animal nutrition industry’s sustained future demand and will be integrated into the company’s Additives & Functional Products division.

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Organic Acid Market By Category

By Product Type:

  • Acetic Acid
  • Formic Acid
  • Propionic Acid
  • Ascorbic Acid
  • Lactic Acid
  • Citric Acid
  • Gluconic Acid
  • Fumaric Acid
  • Malic Acid
  • Other Acids

By End-Use Application:

  • Poultry and Farming
  • Pharmaceuticals
  • Industrial
  • Food & Beverages

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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