Analysis of Organic Acids market covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global organic acids market is set to estimate a valuation of US$ 12.3 billion in 2023 and it is anticipated to grow at a CAGR of 6.1% to reach US$ 22.2 billion by the end of 2033.
Organic acids obtained from wheat or maize that are bio-based are less expensive and more environmentally friendly than conventional or petro-chemically derived organic acids. Organic acids made from renewable feedstock have environmental advantages. Organic acids made from renewable sources have similar chemical characteristics to organic acids made from traditional sources, yet the manufacturing method generates relatively lesser hazardous waste.
Organic Acids Market Size (2022A)
US$ 11.6 Billion
Estimated Market Value (2023E)
US$ 12.3 Billion
Forecasted Market Value (2033F)
US$ 22.2 Billion
Global Market Growth Rate (2023-2033)
Europe Market Growth Rate (2023-2033)
Key Companies Profiled
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Organic acids are organic compounds with acidic properties. Acids having carboxyl groups with long carbon chains are the most widely used type of organic acids. Carboxyl acids are weak organic acids, whereas sulfonic acids are among the strongest acids available. Some of the commonly used organic acids include acetic acid, citric acid, lactic acid, and uric acid among several others. The key end-use applications of organic acids include bakery and confectionaries, dairy, beverages, poultry, meat, seafood, livestock, pharmaceuticals, industrial, and others.
The market is anticipated to benefit from the pharmaceutical industry's rapid growth due to the growing use of organic acids in medicines like aspirin and phenacetin.
Over the 2018-2022 historical period, the global organic acids market registered a CAGR of 3.1%, according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 6.1% CAGR between 2023 and 2033.
“Food & Beverage Industry: The Major Consumer of Organic Acids”
Food and beverage account for a major share of the consumption of organic acids. In the coming years, the demand for organic acids will increase due to the expanding population and GDP growth. Because organic acids are increasingly used in the manufacturing of soft drinks and other food products, demand for them will keep rising in the food and beverage sector. In terms of demand, acetic dominated the market for organic acids worldwide. Owing to its antibacterial and antifungal qualities, it is increasingly used in the food and beverage industry, which is a key factor in the market's expansion.
Additionally, foods and beverages fortified with organic acids have various health advantages, which has led to a growth in consumer demand over the past few years. The Food and Agriculture Organization of the United Nations predicts an increase in worldwide per capita food consumption to 3,050 kcal per person per day by 2030.
The demand for organic acids in the food and beverage sector will continue to rise due to their expanding use in the manufacturing of soft drinks and other food products.
“Stringent Government Regulations to Hamper Market Growth”
The market is threatened by strict rules put in place by REACH, the EPA, and other governing organizations to limit the use of synthetic organic acids, despite the fact that organic acids have high development possibilities. This is due to the fact that synthetic versions of organic acids are made from non-renewable resources and are harmful to the environment.
Acetic acid can be a harmful chemical if employed in high concentrations. Its use in pesticides and animal feed in higher concentrations can pose a threat to plants, animals, and aquatic life.
The expansion of the international market for organic acids is anticipated to be constrained by high initial investment and fluctuating prices of raw materials like biomass, maize, corn, and others. The cost of raw materials varies depending on their source, manufacture, and availability.
Approximately 35,000 metric tons of aspirin are produced and consumed annually which is enough to make 100 billion aspirin pills. Over 60 billion aspirin tablets are taken annually worldwide, with 34 billion of those tablets being consumed in the United States.
Aspirin is currently most frequently prescribed for heart disease prevention. Centre for Disease Control (CDC) says that over 50 million Americans use aspirin to ward off heart disease.
The market is anticipated to grow as gluconic acid, citric acid, and other food additives have received FDA approval in the US. it is most commonly utilized in animal feed and the food and beverage industries.
The United States organic acids market will expand at a CAGR of 6.3% over the projected period.
China is a significant producer of a wide variety of goods produced using bioprocesses; for some, it even ranks as the top producer globally. According to COMTRADE, China exported 1,979.5 kilo tons of organic acid in 2021.
The existence of significant organic acid manufacturing enterprises in the nation can be linked to the considerable demand for organic acids in China. Additionally, there are numerous R&D initiatives underway in the nation to generate bio-organic acids using sustainable bio-based techniques.
China is experiencing fast growth in the food and beverage industry due to the increasing population and changing lifestyles of the people in the country. Growth in the food and beverage and pharmaceutical industries will bolster the demand for organic acids in the country.
Due to such favorable factors, China’s market for organic acids is expected to register a CAGR of 6.7% over the forecast.
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The manufacturing of synthetic fibers and polymeric materials is just one of the many uses for acetic acid. Acetic acid had been in high demand in the food, beverage, and animal products sectors due to its properties such as pH controller, preservatives, and antioxidants. Acetic acid is also used in manufacturing synthetic fibers and polymeric materials.
Acetic acid is also in high demand from other end use industries such as pharmaceutical, plastic, textile ad rubber to be used in the manufacturing process of antibiotics, vitamins, hormones, dyes, pesticides, and plastics among other products.
Due to all of these factors, the demand for acetic acid is anticipated to grow at a CAGR of 6.2% over the forecast period.
Organic acids such as acetic acid and citric acid are used in the bakery and confectionery sectors to stop bacterial and fungal growth. Organic acids are utilized in a variety of food products as antioxidants, food preservatives, flavor enhancers, and acidity regulators in addition to their antibacterial and antifungal capabilities.
The demand for organic acids in food applications will further fuel market expansion in the upcoming years due to the numerous health advantages of organic acids.
Owing to the above-mentioned factors, the demand for organic acids from the bakery and confectionary industry is expected to expand during the forecast period.
Prominent organic acids manufacturers are BASF SE, Cargill, Daeho Co., Ltd, Dow Chemical Company, Eastman Chemical Company, Myriant Corporation, Celanese Corporation, Archer Daniels Midland Company, Henan Jindan Lactic Acid Technology Co. Ltd., Tate & Lyle Plc., and E. I. Du Pont De Nemours and Company
With the growing demand from end-use industries, Market actors are focusing on upgrading and expanding their production capacities to meet the growing demand. Players have built robust distribution networks to boost their presence and make product delivery easier. There has been a great focus on bio-based organic acids due to stringent government mandates and an inclination towards greener products.
Fact.MR has provided detailed information about the price points of key manufacturers of organic acids positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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The global organic acids market is projected to be valued at US$ 12.3 billion in 2023.
Worldwide demand for organic acids is anticipated to reach US$ 22.2 billion by 2033-end.
North America tops the global organic acids market accounting for 38.6% market share.
The bakery and confectionary segment accounts for a 29.5% share of global sales.
During 2018-2022, sales of organic acids increased at 3.1% CAGR.
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