A recent report published by Infinium Global Research on organic acids market provides an in-depth analysis of segments and sub-segments in the global as well as regional organic acids market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional organic acids market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global organic acids market. According to the report, the global organic acids market is projected to grow at a CAGR of 5.1% over the forecast period of 2019-2025.
The organic acid is an organic compound, which is used for its acidic properties. These are the basic acids, which have several basic applications in the industry and domestic sector. These acids have numerous applications in the food and beverage industry, animal feed preparation, pharmaceutical industry, and other industrial applications. In the food processing industry, it facilitates the destruction of the bacteria and micro bacteria inside the food products, which helps to keep food products safe for human consumption for the long term. Further, they are more efficient for bacterial control in the production of industrial feed as compared to the antibiotics used for the same purpose. In addition, these are used for stimulation of oil and gas wells, and as rust removers.
The continuous growing application of the organic acids for different applications around the world is helping to grow its demand at a sustainable rate. Further, the growing application of the organic acid in the feed preparation, food and beverage industries are helping to grow the demand for organic acid at a high rate. However, the presence of the substitute for the different type of organic acids in the market is hampering the growth of this market for the short term. Moreover, the growing demand for the several types of organic acids in the developing countries for different industrial application, especially food and beverage and feed preparation is expected to boost the demand of the organic acid in the near future.
Geographically, the organic acids market is segmented into four regions namely North America, Europe, the Asia-Pacific, and the RoW. North America is the largest market for the organic acids, owing to the presence of a large number of the industries, which range from pharmaceutical, feed manufacturing, food and beverage processing, and others. Further, these industries are constantly helping to grow the market at a sustainable rate in this region. The Asia-Pacific organic acids market is expected to grow at the highest CAGR, owing to the growing demand of organic acid for different industrial applications.
The report on global organic acids market covers segments such as type and application. On the basis of type, the sub-markets include acetic acid, citric acid, formic acid, lactic acid, propionic acid, ascorbic acid, gluconic acid, fumaric acid, and other types. On the basis of application, the sub-markets include food & beverages, feed, pharmaceuticals, and other applications.
The report provides profiles of the companies in the market such as Polynt-Reichhold, Tate & Lyle PLC, Koninklijke DSM N.V., Corbion N.V., Myriant Corporation, Eastman Chemical Company, The Archer Daniels Midland Company, Henan Jindan Lactic Acid Technology Co. Ltd., BASF SE, and E. I. du Pont de Nemours and Company.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of organic acids market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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