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Food & Beverages Industry Remains The Major Hotspot For Global Organic Acids Market

250 page market research report by Fact.MR, leading business and competitive intelligence provider, analyzing how Organic Acids Market Sales will grow.

The latest research report published by Fact.MR on the Survey of Organic Acids Market is intended to offer reliable data on various key factors shaping the growth curve & outlook of Organic Acids market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.

The Demand analysis of Organic Acids Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Organic Acids Market across the globe.

Huge Demand from End-use Industries to Bolster the Global Organic Acids Market

The organic acids market is exceptionally competitive with the presence of numerous players. However, manufacturers holding majority of the share are Dow Dupont, BASF, Eastman Chemical Company, LyondellBasell Industries N.V., Celanese Corporation, and many more.

The key focus of manufacturers is on the advancement of production technologies, reduction of raw material costs, and expansion in emerging markets.

Organic acids are produced industrially by the fermentation process, or by chemical synthesis. In recent years, due to the advancements in biotechnology, a significant amount of organic acids are being produced by the fermentation process from natural resources.

According to the research study, the global organic acids market is expected to witness steady growth with a CAGR of around 5% during the long-term forecast. This growth is attributed to the increased demand from the food & beverages and pharmaceutical industries.

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Key Highlights from the Insights Report of Organic Acids Market:

  • Elaborated scenario of the parent market
  • Transformations in the Demand of Organic Acids market dynamics
  • Detailed segmentation of the target market.
  • Historical, current and forecast of Organic Acids market size based on value and volume
  • Latest industry developments and Market trends of Organic Acids
  • competitive analysis of Organic Acids Market
  • Strategies adopted by the Organic Acids market players and product developments made
  • Potential and niche segments, along with their regional analysis
  • Unbiased analysis on market size of Organic Acids
  • Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

Organic Acids Market Segmentation

Fact.MR has studied the organic acids market with detailed segmentation on the basis of product, application, and key regions.

Product

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

Application

  • Bakery and Confectionery
  • Dairy
  • Beverages
  • Poultry, Meat, and Seafood
  • Livestock Feed
  • Companion Animal Feed
  • Pharmaceuticals
  • Industrial
  • Other Applications

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

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Food & Beverages Remains the Major Hotspot for the Global Organic Acids Market

The food & beverages industry is one of the key end users of organic acids. The rising global population, coupled with GDP growth, will pique the demand for organic acids in the forthcoming years.

Also, high growth witnessed in the pharmaceutical industry is expected to augur well for the market, owing to the increasing use of organic acids in various drugs such as aspirin and phenacetin.

Meanwhile, the demand for organic acids will continue to scale higher in the food and beverages industry on the back of its increasing use in the production of soft drinks and various food products.

Organic acids are quite suitable for use in the food & beverages industry. Acetic acid accounted for the largest share in terms of demand for organic acids. Its increased use in the food & beverages industry, owing to its antibacterial and antifungal properties, is a significant growth attribute for the market.

In the bakery and confectionery industry, both acetic and citric acid are used for the prevention of fungal and bacterial growth. Other than their use for antibacterial and antifungal properties, organic acids are also useful in regulating acidity, used as preservatives, antioxidants, and flavor enhancers in several food products.

Organic Acids Market – Regional Developments in the Market

The primary application of organic acids is in food & beverages and feed additives, and hence, regulatory policies on food safety have a significant impact on the development of the global organic acids market.

North America holds the majority share in the global organic acids market owing to the presence of advanced production technologies and huge demand from end-use industries. Europe, on the other hand, due to the stringent regulations will witness stagnant growth in the coming future.

In addition to this, the advent of advanced technologies and healthy growth in the food & beverages industry has resulted in the growth of the organic acids market in the region. Asia Pacific excluding Japan, is the most attractive region for organic acids. The emerging economies of China and India, large expansion plans in China, and growing demand for organic acids due to a huge population remain the major key factors for the growth of the market.

China is expected to have around 40% of the global organic acid production in coming years, followed by North America. The Middle East & Africa, due to the steady supply of raw materials, will witness a profitable growth in the coming future. Manufacturers of organic acid see a vast growth opportunity in Latin America, owing to rising urbanization and growth in the food & beverages industry in the region.

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After reading the Market insights of Organic Acids Report, readers can:

  • Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
  • Analyze key regions holding significant share of total Organic Acids market revenue.
  • Study the growth outlook of Organic Acids market scenario, including production, consumption, history and forecast.
  • Learn consumption pattern and impact of each end use & supply side analysis of Organic Acids market .
  • Investigate the recent R&D projects performed by each market player & competitive analysis of Organic Acids Market Players.

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Written by Nidhi Ameta