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Organic Acid Market Analysis

  • Report ID: 81
  • Published Date: Sep 30, 2024
  • Report Format: PDF, PPT

Organic Acid Market Analysis

The global organic acid market is segmented and analyzed for demand and supply by end-user into animal feed, chemical & industrial, personal care, food & beverage, and others, out of which, the chemical & industrial segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the rising utilization of organic acid in the respective industry. For instance, the revenue generated by the global chemical industry was estimated to be approximately USD 4 trillion in 2021.

Our in-depth analysis of the global market includes the following segments:

 

By Type
  • Acetic
  • Formic
  • Citric
  • Lactic
  • Itaconic
  • Propionic
  • Succinic
  • Others

 

By Source
  • Starch
  • Molasses
  • Agro-Industrial
  • Chemical Synthesis
  • Others

By End-User
  • Animal Feed
  • Chemical & Industrial
  • Personal Care
  • Food & Beverage
  • Others
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Browse Key Market Insights with Data Illustration:

Author Credits:  Rajrani Baghel


  • Report ID: 81
  • Published Date: Sep 30, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Higher utilization of organic acids in the food and beverage industry and growing sales of animal food are estimated to majorly boost market growth.

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2031.

The higher costs associated with the organic acid production and disrupted supply chain due to COVID-19 are estimated to challenge the market growth.

The market in North America region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

The major players in the market are Tate & Lyle PLC, BASF SE, Archer Daniels Midland Company, Henan Jindan Lactic Acid Technology Co. Ltd., Cargill, Incorporated, Celanese Corporation, Myriant Corporation, and others.
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