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Organic Acids Market by Type, Application, and Region - Global Forecast to 2022

Organic Acids Market: Global Forecast until 2022

  • July 2017
  • 175 pages
  • ID: 4998219
In this report:
Citric acid is a highly commercial product; its global consumption reached ##.## million tons in 2016, and increased by ##.##% compared to the previous year.
Citric acid is projected to grow at the highest CAGR of ##.##% and is expected to reach ##.## KT by 2022.
Citric acid is projected to grow at the highest CAGR of ##.##% during the forecast period and is expected to reach ##.## KT by 2022.

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"The organic acids market is estimated to rise at a compound annual growth rate of ~5.5 percent"

The organic acids market is valued at ~$8.3B in 2016, and estimated to grow at a compound annual growth rate (CAGR) of ~5.5 percent, to attain ~$11.4B by 2022. The sector is primarily influenced by Elements such as the wide use of organic acids in several applications including plastic making, tanning, textiles, paper, metal, colors & dyes, lubricants, in food & beverage applications, and cosmetic manufacturing. One of the main restraints in the rise of the organic acids market is the price and availability of raw materials and infrastructural & technological barriers.

"Citric is planned to be the quickest-rising type segment in the organic acids market in 2016."

Citric acid as a type of organic acid is expected to grow at the quickest rate for the forecasted period. The top manufacturers in the organic acids market offer citric acid for distinct industrial applications including food, feed, textile, and pharmaceuticals. Citric acid is naturally sourced in many foods, especially fruits & vegetables; for example, oranges and lemons. Citric acid is used primarily in food and beverage products as it is the strongest edible acid as distinguished to other organic acids including lactic and ascorbic acid. Citric acid is also used as a cleaning and chelating agent, as a water treating solvent, and in the cosmetics market.

"Pharmaceutical is intended to be the quickest-increasing application"

Established on application, the pharmaceutical segment is anticipated to be the quickest-rising during the forecasted period. Due to the new technologies and the growing health concerns associated to antibiotic uses, organic acids have begun to form an integral part of nutraceutical and pharmaceutical applications.

"Asia-Pac: Important rise is expected in the organic acids market"

Asia Pacific (APAC) is forecasted to be the quickest developing market for the period considered for this analysis, due to the growth in the functionalities of organic acids range from acting as a preservative, acidity regulator, antioxidant, flavor enhancer, coating, and in the production of biopolymers. The food & beverages market in the Asia Pacific (APAC) area is currently undergoing a significant transformation in response to quick urbanization, and diet diversification.

Break-up of Primaries:

- By Company category: Tier 1 - 40 %, Tier 2 - 40.0 percent, and Tier 3 - 20.0 percent

- By Designation: Director Level - 20.0 percent, C Level - 40.0 percent, and Manager Level - 40.0 percent

- By area: North america (NA) - 25.0 percent, Europe -25.0 percent, and Asia-Pacific - 50.0 percent

• E.I. Du Pont De Nemours & Organization

Segment Research

The document breaks down the organic acids market based on type, application, and area. In terms of insights, this market research has emphasized different levels of analyses-competitive landscape, end- use review and company descriptions, which together comprise and examine the basic overviews on the emerging & high-growth segments of the organic acids market, high-growth areas, territories, government actions, drivers, market restraints, alternatives, and opportunities.

Why acquiring this study can help you:

• To get a comprehensive overview of the organic acids sectors

• To benefit wide ranging information about the top actors in this market, their products review, and top strategies approved by them

• To benefit business insights about the main countries/localities in which The organic acids market is prospering

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