The organic acid market is witnessing substantial growth due to its diverse applications in various industries. These acids are derived from natural sources such as fruits, vegetables, and other renewable resources, making them environmentally friendly and sustainable. The food and beverage sector accounts for a significant share of the organic acid market, where they are used as natural preservatives and flavor enhancers.
Moreover, the pharmaceutical industry also utilizes organic acids for drug formulation and as excipients. The increasing demand for organic products, coupled with stringent regulations against synthetic additives, is driving the market’s expansion. Asia-Pacific is expected to dominate the organic acid market in the coming years, owing to the rising health consciousness and demand for natural alternatives.
The Organic Acids Market is anticipated to grow at an average pace with a CAGR of 5.9% during 2022-2032.
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“Investments in organic acids remain for the development of citric acid—organic or inorganic.”
Organic acids are in high demand owing to their functional qualities, in the pharmaceutical industry. Organic lactic acid, for example, is widely employed in the pharmaceutical sector.
However, the manufacture of synthetic organic acids in the market from non-renewable sources entails environmental risks, leading to the development of severe rules governing their use, stifling market growth.
What are the Segment Opportunities for the Organic Acids Market?
“Organic acids are synthesized on a large scale for a variety of commercial purposes such as catalysts, surfactants, and dyes, lactic acid bacteria for composting, etc., which further broadens the scape of opportunities for manufacturers.”
Organic compounds with acidic properties are organic acids. Carboxyl acids are the most common type of organic acids used commercially; carboxyl acids comprise carboxyl group with long carbon chain.
Organic acids produced by replacing one hydroxyl group in sulfuric acid are sulfonic acids such as toluene sulfonic acid, methane sulfonic acid, etc.
Carboxyl acids are weak organic acids in organic acids market whereas sulfonic acids are among the strongest acids available. Some of the commonly used organic acids include acetic acid, lactic acid, citric acid and uric acid among several others.
Certain organic acids are produced by fermentation process of several microorganisms and are typically used in food and beverages industry.
Organic acids are also produced synthetically on a wide scale for several commercial applications including catalysts, surfactants and dyes among several others.
Formaldehyde is used in production of organic acids as an antimicrobial agent. Glycerine is used as an energy source in organic acids production.
Some of the other feedstock used in the production of organic acids includes amino acids i.e., organic amino acids, oil, sulfuric acid, enzymes, amino acid for plants, humic acid for humans, proteins, salts of acids, and organic lactic acid.
What are the Organic Acids Market Growth Drivers?
“The food and beverage industry will remain one of the significant contributor to the organic acids market with the rising demand for preservatives, flavorants, and acidulants.”
Major end user industries for organic acids include food & beverages, petrochemicals, pharmaceuticals, textile and adhesives among others. Food & beverages dominate the global demand for organic acids and the trend is anticipated to continue for a foreseeable future.
Pharmaceutical is anticipated to be the fastest growing end user segment for organic acids. Organic acid is also widely used in the production of several chemicals and materials used in automotive and construction industry.
Demand for organic acids is profoundly dependent on food & beverages market which is the largest end use organic acids market. Therefore, increasing population and GDP growth in a region are among major factors influencing demand for organic acids.
High growth in pharmaceutical industry also has been among foremost factors fuelling demand for organic acids. Increasing research and development to produce efficient organic acids from bio-based sources is anticipated to offer huge growth opportunity in the market.
Who Reigns the Organic Acids Market?
“Organic acids market growth projection analysis shows credits Asia Pacific as the leading region with a high end-use demand from pharmaceutical industry.”
Asia Pacific dominates the global organic acid market and the trend is expected to continue during the forecast period.
Asia Pacific comprises India and China, two of the largest nations in terms of population which has been among major factor driving demand for organic acids market in Asia Pacific.
Moreover, high growth in the emerging economies of Asia Pacific is anticipated to drive market growth for several end user industries including pharmaceutical, food, beverages, etc. On account of which, Asia Pacific is also expected to be the fastest growing region for organic acid demand.
Increasing number of regulations to control the use of several synthetic organic acids has led to sluggish market growth in North America and Europe. Bio based organic acids are expected to drive organic acids market growth in North America and Europe.
What are the Organic Acids Market Trends followed by Competitors?
“Price remains a make or break factor for end users.”
The organic acid market is highly competitive and major players compete on pricing differentiation. Moreover, increasing demand for bio based organic acids has led to a surge in investment for research and development activities in organic acids market.
Some major players in the organic acid market include Bio Amber, Geomatical, DSM Cargill and The Dow Chemical Company among others.
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Key Questions Answered in the Report
What is the Growth Outlook of the Organic Acids Market?
The organic acids market shows moderate growth potential with a predicted CAGR of 5.5% during 2022-2032.
What is the Projected Market Size of the Organic Acids Market?
The organic acids market is likely to record a valuation of US$ 17.3 Bn by 2032.
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