According to the latest report of IMARC Group, the global organic acid market size will reach USD 36.4 billion by 2027, showing a growth rate (CAGR) of 8.26%.
SHERIDAN, WYOMING, US, Nov. 22, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report titled “Organic Acids Market: Global Industry Trends, Share, Size, Growth, Opportunities, Forecast 2022-2027”, the global Organic Acids market size has reached $22.9 billion US in 2021. Looking ahead, IMARC Group expects the market to reach $36.4 billion by 2027, showing a growth rate (CAGR) of 8.26% over the period 2022-2027.
This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who plan to enter the market in any way.
Organic acids refer to compounds with weak acidic properties and a low molecular mass that do not completely dissociate in the presence of water. Propionic, gluconic, carboxylic, formic, lactic, citric, malic, and benzoic are some common organic acids. They are produced through the fermentation of molasses and biomass starch or leftovers from the agricultural industry, including coffee husks, wheat bran, lime pulp, soybeans, sugar cane, corn cobs, cassava dregs, apple pomace, pressed clay, and fruit peels. Organic acids are used as acidifiers, flavors, antioxidants, emulsifiers, flavor enhancers, and preservatives. As a result, they have found wide applications in the pharmaceutical, agricultural, animal feed, and food and beverage (F&B) industries.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬: https://www.imarcrecgroup.com/organicquest-acids-market-acids-le
𝐎𝐫𝐠𝐚𝐧𝐢𝐜 𝐀𝐜𝐢𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:
Wide product adoption in the food and beverage industry as a food additive and preservative to prevent food deterioration and extend product shelf life is one of the major factors driving market growth. In line with this, the increasing demand for ready-to-eat (RTE) food products manufactured using organic acids to prevent the growth of pathogens due to the hectic schedules and busy lifestyles of the masses acts as another factor stimulating the growth. Moreover, the introduction of bio-organic acids produced through renewable resources, making them a sustainable alternative to traditional commodities derived from petrochemicals, is providing impetus to the growth of the market. The market is expected to drive growth, including widespread use of organic acids in the pharmaceutical industry for the preparation of several drugs and increased demand for products as an alternative to antibiotic growth promoters (AGP) in animal feed.
𝐁𝐮𝐲 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=4562&method=1
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• BASF SE
• Cargill Incorporated
• Celanese Company
• Royal DSM NV
• DuPont de Nemours Inc.
• Eastman Chemical Company
• Henan Jindan Lactic Acid Technology Co., Ltd. Ltd.
• Tate & Lyle PLC
• Archer Daniels Midland Company.
𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
The report categorized the market based on type, source, and end-user.
𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐓𝐲𝐩𝐞:
• acetic acid
• Formic acid
• Lactic acid
• Gluconic acid
• Fumaric acid
• Itaconic acid
𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐒𝐨𝐮𝐫𝐜𝐞:
• chemical composition
• Argo Industrial Residency
𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫:
• Food and drinks
• Animal feed
• Chemical and industrial
• Personal care
𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:
• North America (United States and Canada)
• Europe (Germany, France, the United Kingdom, Italy, Spain and other countries)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, etc.)
• Latin America (Brazil, Mexico and other countries)
• Middle East and Africa (UAE, Saudi Arabia, Qatar, Iraq, South Africa and other countries)
𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 𝐓𝐎𝐂 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcGroup.com/request?
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