Organic Acid Market Size

Organic Acid Market size was over USD 11.74 billion in 2023 and is anticipated to reach USD 22.69 billion by 2036, witnessing around 5.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of organic acid is estimated at USD 12.23 billion.

Further, the market generated a revenue of ~USD 10 Million in the year 2021. The growth of the market can primarily be attributed to the higher utilization of organic acids in the food and beverage industry. For instance, the revenue generated by the food segment was estimated to be dropped to about USD 250 billion in 2022.

Global market trends such as, higher demand for organic acids in the personal care industry and skyrocketing utilization in the food and additive industry are projected to influence the growth of the market positively over the forecast period. It is observed that the sales of organic food dropped to around USD 50 billion in 2020 which was an increase from about USD 10 billion in 2005. Organic acids are those organic compounds that have acidic properties. These acids are added to food as flavorants & acidulants and utilized in a wide array of industries. Hence, all these factors are anticipated to hike the market growth over the forecast period.