Organic Acids Market (Type - Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Propionic Acid, Ascorbic Acid, Gluconic Acid, Fumaric Acid, and Other Types; Application - Food & Beverages, Feed, Pharmaceuticals, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : August, 2019

  • Rep Id : FB0218

  • Category : Food & Beverages

  • Status : Published

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 the 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.

 

Market Insight

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 the 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 different organic acids such as lactic acid, citric acid, acetic acid, and others are used as an antioxidant, flavoring agent, and preservatives in beverage processing industries. Thus rapidly growing beverage industry and increasing consumer preferences towards consuming energy drinks and organic beverages provide growing demand for organic acids market across the globe. Further, the growing application of the organic acid in the feed preparation industries propelling the growth to the market. In the textile industry the organic acids used as solvent, washing agent, pH buffers and quenchers. The growing application of organic acids in the textile industry further driving the growth of the organic acids market. However, the availability of the substitute for the different types of organic acids in the market is affecting the growth of the market for the short term. Moreover, organic acids are used as an alternative to AGPs. They improve animal performance and production parameters and also have a broader spectrum of activity. The use of technology further enhances its effectiveness. This provides a growth opportunity for the organic acids market.

 

North America is the largest revenue making region for the organic acids market, owing to the presence of end-use industries, such as feed manufacturing, pharmaceutical, food and beverage processing, and others. The Asia-Pacific organic acids market is expected to grow with a healthy CAGR, owing to the growing demand of organic acid from different industrial applications.

 

Segment Covered

The report on the 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.

 

Companies Profiled:

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.

 

Report Highlights:

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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