Organic acids market is projected to expand at a CAGR of ~ 5% during the forecast period. The extensive usage of organic acids in the food & beverages industry mostly influences the remarkable growth of the organic acids market. The application of organic acids in bakery and confectionery products accounts for the lion’s share of the market. The food & beverages industry has shown significant growth in recent years, owing to the growing population and increasing disposable income, thereby, driving growth in the organic acids market.
In 2019, worldwide sales of organic acids are estimated to reach a valuation of ~US$ 120 Bn. Organic acids are gaining traction in pharmaceutical and animal feed applications, which further fuels market growth throughout the forecast period. Furthermore, the key players are increasing their business footprint swiftly, which creates lucrative opportunities for the market.
After reading the organic acids market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the organic acids market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
The organic acids market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:
- North America
- Latin America
Expansion of Production Facility is the Top Strategy of Market Players
Manufacturers involved in the organic acids market are heavily investing in the research & development activities for advancement in production technologies to develop a more economical method of production. Besides, manufacturers have a significant emphasis on reducing raw material costs and dependency on crude oil. Therefore, they have developed a bio-based version of organic acids, which is further boosting the global organic acids market. Increased demand for green substitutes and the crucial need to improve bio-refining processes are creating opportunities for organic acid manufacturers. In addition to this, with the advancement in biotechnology, manufacturers have successfully adopted the fermentation process for the production of organic acids. Moreover, the critical strategy of manufacturers is the expansion of production facilities in emerging markets, especially in China.
Organic acids can be used in several applications in diverse industries, especially in food & beverage, resulting in fast paced growth in the coming assessment period. Expansion in emerging economies and technology up-gradation by developed nations is likely to propel the overall organic acids market.
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The evaluation of the competitive landscape in the organic acids market covers the profile of the following top players:
- Tate & Lyle
- Dow Chemicals
- NatureWorks LLC
- Myriant Corporation.
- LUXI group
- Koninklijke DSM N.V.
- Henan Jindan Lactic Acid Technology Co. Ltd.
- Fuso Chemical
- Elekeiroz SA
- Eastman Chemical Company
- Corbion NV
- Celanese Corporation
- BioAmber Inc
- BASF SE
- Archer Daniels Midland Company
To expand the understanding of opportunities in the global organic acids market report looks at close quarters into the opportunities and new avenues in following key segments:
- Bakery and Confectionery
- Poultry, Meat and Seafood
- Livestock Feed
- Companion Animal Feed
In addition to understanding the demand patterns of various end users, the report on the organic acids market also enumerates trends expected to attract investments by other various associated industries.
Find More Valuable Insights on Organic Acids Market
Fact.MR, in its new offering, brings to fore an unbiased analysis of the global Organic Acids market, presenting historical demand data (2014-2018) and forecast statistics for the period, 2019-2027. The study divulges compelling insights on the organic acids market on the basis of product (acetic acid, formic acid, lactic acid, citric acid, propionic acid, ascorbic acid, gluconic acid, fumaric acid, malic acid, and other products), application (bakery and confectionery, dairy, beverages, poultry, meat and seafood, livestock feed, companion animal feed, pharmaceuticals, industrial and other applications) and six major regions.
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On the basis of product types, the organic acids market report offers insight into major adoption trends for the following segments:
- Acetic Acid
- Formic Acid
- Lactic Acid
- Citric Acid
- Propionic acid
- Ascorbic acid
- Gluconic acid
- Fumaric acid
- Malic acid
The global organic acids market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
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Some important questions that the organic acids market report tries to answer exhaustively are:
- Key strategic moves by various players in the organic acids market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
- Which strategies will enable top players in the organic acids market to expand their geographic footprints?
- Which new business models are expected to change the course of growth of key regional markets in near future?
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
- Which products segments have in recent years have seen new, lucrative application areas?