Sustainable Growth Opportunities in the Organic Acids Market

Northbrook, USA, 2020-Mar-20 — /EPR Network/ — The report “Organic Acids Market by Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Propionic Acid, Ascorbic Acid, Gluconic Acid, Fumaric Acid), Application (Food & Beverages, Feed, Pharmaceuticals, and Industrial), and Region – Global Forecast to 2022″, The organic acids market is projected to reach a value of USD 11.39 Billion by 2022, at a CAGR of 5.48% from 2017 to 2022. The market is driven by factors such as the use of organic acids in various applications and wide functionalities of organic acids range from their use as a preservative, acidity regulator, antioxidant, flavor enhancer, coating, and in the production of biopolymers.

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The demand for citric acid is expected to be the highest during the forecast period.

In 2016, the global market was led by acetic acid, followed by citric acid. Acetic acid is one of the most largely commercially available types of organic acid. However, the citric acid market is projected to grow at higher rate due to the increased demand in the food & feed industry and wide usage of citric acid in various applications.

The food and beverage segment is expected to account for the largest share in the market

On the basis of application, the food & beverages sector is estimated to account for the largest market share due to increased consumer demand for organic acid-fortified food & beverages, owing to their antioxidant and preservative properties. There is also a growing demand for foods that are produced using milder treatments, which include heat, salt, sugar, and chemicals. Also, newer technologies are introduced to prevent the growth of dangerous bacteria, thus increasing the demand for organic acids in food applications.

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Asia-Pacific dominated the organic acids market in 2016

The Asia-Pacific region was the largest market for organic acids in 2016. This can be attributed to the increase in demand for various organic acid fortified products in the Asian region. Consumer awareness related to natural organic acid consumption in this region is increasing, and can be attributed for its largest market share for this market. Many big players have established their production plants in this region.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such as Cargill (U.S.), BASF SE (Germany), Dow Chemical Company (U.S.), Henan Jindan Lactic Acid Technology Co. Ltd (China), Archer Daniels Midland Company (U.S.), Eastman Chemical Company (U.S.), Corbion (Netherlands), Myriant Corporation (U.S.), Polynt-Reichhold (Italy), Tate & Lyle (U.K.), Koninklijke DSM N.V. (Netherlands), and E.I. Du Pont De Nemours & Company (U.S.).

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