This report provides exclusive insights into the COVID-19 impact on the Organic Acids Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Organic Acids Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Organic Acids Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.
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.
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.
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.
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.
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.