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Organic Acids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 143 Pages
  • September 2022
  • Region: Global
  • IMARC Group
  • ID: 5656511
Description Jump to:
The global organic acids market size reached US$ 22.9 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 36.4 Billion by 2027, exhibiting a CAGR of 8.03% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Organic acids refer to organic compounds with low molecular mass and weak acidic properties. They can be produced through fermentation of biomass, molasses, starch or agro-industrial residues, such as cassava bagasse, coffee husk, apple pomace, soybean, sugarcane, corn cobs, press-mud, wheat bran, citric pulps and fruit peels. Some of the commonly used organic acids include carboxyl, formic, lactic, propionic, gluconic, malic and benzoic acid. Organic acids are highly beneficial in the stimulation treatments of oil and gas and chelating metallic ions. They are widely used as antioxidants, acidulants, emulsifiers, flavor enhancers and preservatives. In comparison to the traditionally used mineral acids, organic acids are less reactive and can be used in extreme temperatures. As a result, they find extensive application in the manufacturing of food and beverages, animal feed and pharmaceuticals.

Organic Acids Market Trends:

Significant growth in the food and beverage industry across the globe is one of the key factors creating a positive outlook for the market. Due to the hectic schedules and busy lifestyles, there is an increasing consumer demand for ready-to-eat (RTE) food products manufactured using organic acids for preventing the growth of bacteria. Moreover, the widespread product adoption as a substitute for antibiotic growth promoters (AGP) in animal feed is also contributing to the growth of the market. In line with this, the rising preference for multifunctional cosmetic and personal care products fortified with citric and formic acids is also contributing to the growth of the market. Other factors, including the implementation of favorable government policies promoting the manufacturing of bio-based organic acids through renewable resources, along with the increasing product utilization for the production of various intermediates and petrochemical products, are anticipated to drive the market toward growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global organic acids market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, source and end user.

Breakup by Type:

  • Acetic Acid
  • Citric Acid
  • Formic Acid
  • Lactic Acid
  • Gluconic Acid
  • Fumaric Acid
  • Itaconic Acid
  • Others

Breakup by Source:

  • Biomass
  • Molasses
  • Starch
  • Chemical Synthesis
  • Agro-industrial residue

Breakup by End User:

  • Food and Beverage
  • Animal Feed
  • Chemical and Industrial
  • Pharmaceuticals
  • Personal Care
  • Agriculture
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Cargill Incorporated, Celanese Corporation, Dow Inc., Koninklijke DSM N.V., DuPont de Nemours Inc., Eastman Chemical Company, Henan Jindan Lactic Acid Technology Co. Ltd., Tate & Lyle PLC and The Archer-Daniels-Midland Company.

Key Questions Answered in This Report:

  • How has the global organic acids market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global organic acids market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global organic acids market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Organic Acids Market

What is the estimated value of the Global Organic Acids Market?

The Global Organic Acids Market was estimated to be valued at $22.9 Billion in 2021.

What is the growth rate of the Global Organic Acids Market?

The growth rate of the Global Organic Acids Market is 8.0%, with an estimated value of $36.4 Billion by 2027.

What is the forecasted size of the Global Organic Acids Market?

The Global Organic Acids Market is estimated to be worth $36.4 Billion by 2027.

Who are the key companies in the Global Organic Acids Market?

Key companies in the Global Organic Acids Market include BASF SE, Cargill Incorporated, Celanese Corporation, Dow Inc., Koninklijke DSM N.V., DuPont de Nemours Inc., Eastman Chemical Company, Henan Jindan Lactic Acid Technology Co. Ltd., Tate & Lyle PLC and The Archer.
Report AttributeDetails
No. of Pages143
PublishedSeptember 2022
Forecast Period2021 - 2027
Estimated Market Value ( USD ) in 2021 $ 22.9 Billion
Forecasted Market Value ( USD ) by 2027 $ 36.4 Billion
Compound Annual Growth Rate8.0%
Regions CoveredGlobal
No. of Companies Mentioned10

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Organic Acids Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Acetic Acid
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Citric Acid
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Formic Acid
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Lactic Acid
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Gluconic Acid
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Fumaric Acid
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Itaconic Acid
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market Breakup by Source
7.1 Biomass
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Molasses
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Starch
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Chemical Synthesis
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Agro-industrial residue
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End User
8.1 Food and Beverage
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Animal Feed
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Chemical and Industrial
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Pharmaceuticals
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Personal Care
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Agriculture
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 BASF SE
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Cargill Incorporated
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.3 Celanese Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Dow Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Koninklijke DSM N.V.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 DuPont de Nemours Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Eastman Chemical Company
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Henan Jindan Lactic Acid Technology Co. Ltd.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Tate & Lyle PLC
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 The Archer-Daniels-Midland Company
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Organic Acids Market: Major Drivers and Challenges
Figure 2: Global: Organic Acids Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Organic Acids Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Organic Acids Market: Breakup by Type (in %), 2021
Figure 5: Global: Organic Acids Market: Breakup by Source (in %), 2021
Figure 6: Global: Organic Acids Market: Breakup by End User (in %), 2021
Figure 7: Global: Organic Acids Market: Breakup by Region (in %), 2021
Figure 8: Global: Organic Acids (Acetic Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Organic Acids (Acetic Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Organic Acids (Citric Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Organic Acids (Citric Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Organic Acids (Formic Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Organic Acids (Formic Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Organic Acids (Lactic Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Organic Acids (Lactic Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Organic Acids (Gluconic Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Organic Acids (Gluconic Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Organic Acids (Fumaric Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Organic Acids (Fumaric Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Organic Acids (Itaconic Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Organic Acids (Itaconic Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Organic Acids (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Organic Acids (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Organic Acids (Biomass) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Organic Acids (Biomass) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Organic Acids (Molasses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Organic Acids (Molasses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Organic Acids (Starch) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Organic Acids (Starch) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Organic Acids (Chemical Synthesis) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Organic Acids (Chemical Synthesis) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Organic Acids (Agro-industrial residue) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Organic Acids (Agro-industrial residue) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Organic Acids (Food and Beverage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Organic Acids (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Organic Acids (Animal Feed) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Organic Acids (Animal Feed) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Organic Acids (Chemical and Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Organic Acids (Chemical and Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Organic Acids (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Organic Acids (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Organic Acids (Personal Care) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Organic Acids (Personal Care) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Organic Acids (Agriculture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Organic Acids (Agriculture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Organic Acids (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Organic Acids (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: North America: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: North America: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United States: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United States: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Canada: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Canada: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Asia-Pacific: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Asia-Pacific: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: China: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: China: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Japan: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Japan: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: India: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: India: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: South Korea: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: South Korea: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Australia: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Australia: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Indonesia: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Indonesia: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Europe: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Europe: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Germany: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Germany: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: France: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: France: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: United Kingdom: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: United Kingdom: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Italy: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Italy: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Spain: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Spain: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Russia: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Russia: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Latin America: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Latin America: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Brazil: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Brazil: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Mexico: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Mexico: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Others: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Others: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Middle East and Africa: Organic Acids Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Middle East and Africa: Organic Acids Market: Breakup by Country (in %), 2021
Figure 96: Middle East and Africa: Organic Acids Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Global: Organic Acids Industry: SWOT Analysis
Figure 97: Global: Organic Acids Industry: Value Chain Analysis
Figure 98: Global: Organic Acids Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Organic Acids Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Organic Acids Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Organic Acids Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 4: Global: Organic Acids Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Organic Acids Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Organic Acids Market: Competitive Structure
Table 7: Global: Organic Acids Market: Key Players

Companies Mentioned

  • BASF SE
  • Cargill Incorporated
  • Celanese Corporation
  • Dow Inc.
  • Koninklijke DSM N.V.
  • DuPont de Nemours Inc.
  • Eastman Chemical Company
  • Henan Jindan Lactic Acid Technology Co. Ltd.
  • Tate & Lyle PLC
  • The Archer-Daniels-Midland Company.

Methodology

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