Organic Acids Market Set to Cross US$ 120 Bn in 2019

Chemicals

Organic acids have been used for years as popular food and beverage additives in the worldwide food processing industry. These ingredients play key roles for boosting shelf life and slowing down food deterioration rates.  Some organic acid variants are also used complementary functions dissemination of food borne pathogens and reducing microbial contaminations.

According to a recent study, the global market for organic acids is expected to result in a steady CAGR of approximately 5 per cent which is expected to hold through the forecast period till 2027. This rising use of organic acid is attributed to extensive use for pharmaceutical product developments in addition to the processed food and beverage industries, which is augmented further by niche applications in chemical processing, detergent production, animal feed, and cosmetics.

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Niche Applications of Bio-based Organic Acids Creates Lucrative Opportunities

Aside from the primary applications in the food and beverage industry, organic acids find widespread applications for a number of niche end use industries ranging from consumer goods, coatings, textiles, feed, adhesives, and sealants among others.

For a large number of these applications, acetic acid can account for a majority of such sales. This can be attributed to its role in the production of vinyl acetate monomers, ethyl acetate and terephthalic acid. Further, formic acid finds use in applications such as the tanning of leather, drilling oil and also as an ingredient in deicing materials.

Stringent regulations relevant to environment protection has been a key factor behind the development and production of existing organic acid sourced from renewable and natural sources. The demand to improve bio refining processes has also played a major role in the growth of organic acid manufacturers.

This trend is a key reason why bio-based succinic acid has rapidly replaced conventional succinic acid sourced out of petroleum, which has also resulted in the growth of the biodegradable plastic production. With advancements in bio technology, the presence of financially viable alternatives has made its presence felt by boosting partnerships for major stakeholders.

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Research towards Large Scale Microbial Production to Influence Future of Industry

Microbial production of organic acids has long been viewed as a promising approach for the development of a sustainable source from renewable carbon sources. However, this method has mostly found success only in small scale applications.

However, the increased amount of investment and research efforts has made it increasingly feasible, where large scale production is closer to success. These processes will majorly find application in the production of variants such as succinic acid, citric acid, and lactic acid.

In most cases, the large amount of production and usage for organic acids will be attributed to countries in the Asia Pacific region, where the industry is expected to witness the fastest rate of growth over the forecast period. This usage of organic acids will be accounted through the growth of the processed food and beverage industry in the region, while developed regions such as Europe and North America are expected to witness a slower rate of growth.

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