Scope of the Study
The organic acid is an organic compound possessing acidic properties. In this market, the Food & Beverage segment is witnessing the highest growth and owing to increasing applications and growing penetration of organic acids. Across the globe North America organic acid market having the highest market share, due to the increasing number of guidelines to control the use of several synthetic organic acids, which anticipated to drive the growth of the organic acid market. Apart from this, the rising adoption of bio fertilizers is anticipated to be the dynamic factor behind the growth of the organic acid market.
The market study is being classified by Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Itaconic Acid, Succinic Acid, Gluconic Acid, Ascorbic Acid, Fumaric Acid and Propionic Acid), by Application (Food & Beverage, Animal Feed, Chemicals & Industrial, Pharmaceuticals, Personal Care, Feed and Textile) and major geographies with country level break-up.
BASF SE (Germany), Cargill Inc. (United States), The Dow Chemical Company (United States), Eastman Chemical Company (United States), Myriant Corporation (United States), Celanese Corporation (United States), Archer Daniels Midland Company (United States), Henan Jindan Lactic Acid Technology Co. Ltd. (China), Tate & Lyle Plc. (United Kingdom), Discovery Fine Chemicals (United Kingdom) and Synbra Technology (Netherlands) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are BioAmber (United States), Genomatica (United States) and Nature Works LLC (United States).
The Major Players Of This Industry Largely Invested In R&D Activities To Develop Advanced Products To Fulfil The Requirements Of Consumers. And Also Adopting Strategic Initiatives Such Merger & Acquisitions, Product Portfolio Enhancement and Increasing Geographical Reach. Research Analyst at AMA predicts that United States, United Kingdom Vendors will contribute to the maximum growth of Global Organic Acids market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Organic Acids market by Type, Application and Region.
On the basis of geography, the market of Organic Acids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sources, the sub-segment i.e. Biomass will boost the Organic Acids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Development of Food & Beverage Industry in Asia –Pacific Region
- Rise in Demand in Healthcare Sector
- Increase Production of Synthetic Organic Acids by Using Non-Renewable Sources
- Rapid Growth in Global Economy
- Increasing Adoption of Citric Acid and Lactic Acid in Organic Acid Market
- Molasses and Starch Are the Highest Adopted Raw Materials in the Processing Of Organic Acid
- Stringent Regulations Implemented By Governing Bodies to Resist the Use Synthetic Organic Acids, This Can Hamper the Growth of This Market
- Increasing Population and GDP Growth in a Region Are Among Major Factors Influencing Demand for Organic Acids
In Dec 2018, BASF Announced To Expand Its Production Capacity For Methane Sulfonic Acid At Its Ludwigshafen Site. By This Investment Company Strengthen Its Position As The Leading Global Producer Of MSA.
Key Target AudienceOrganic Acid Manufacturers, Organic Acid Providers, End Users and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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