Organic Acids Market
Organic Acid Market Study by Organic Acetic Acid, Organic Formic Acid, Organic Lactic Acid, Organic Citric Acid, Organic Propionic Acid, Organic Fumaric Acid, and Organic Malic Acid from 2023 to 2033
Analysis of Organic Acids market covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Organic Acids Market Outlook (2023 to 2033)
The global organic acids market is set to estimate a valuation of US$ 12.3 billion in 2023 and it is anticipated to grow at a CAGR of 6.1% to reach US$ 22.2 billion by the end of 2033.
Organic acids obtained from wheat or maize that are bio-based are less expensive and more environmentally friendly than conventional or petro-chemically derived organic acids. Organic acids made from renewable feedstock have environmental advantages. Organic acids made from renewable sources have similar chemical characteristics to organic acids made from traditional sources, yet the manufacturing method generates relatively lesser hazardous waste.
| Report Attributes | Details |
|---|---|
| Organic Acids Market Size (2022A) | US$ 11.6 Billion |
| Estimated Market Value (2023E) | US$ 12.3 Billion |
| Forecasted Market Value (2033F) | US$ 22.2 Billion |
| Global Market Growth Rate (2023 to 2033) | 6.1% |
| Europe Market Growth Rate (2023 to 2033) | 5.6% |
| Key Companies Profiled | BASF SE; Cargill; Daeho Co., Ltd; Dow Chemical Company; Eastman Chemical Company; Myriant Corporation; Celanese Corporation; Archer Daniels Midland Company; Henan Jindan Lactic Acid Technology Co. Ltd.; Tate & Lyle Plc.; E. I. Du Pont De Nemours and Company |
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Comprehensive Sales Analysis: Historic to Futuristic
Organic acids are organic compounds with acidic properties. Acids having carboxyl groups with long carbon chains are the most widely used type of organic acids. Carboxyl acids are weak organic acids, whereas sulfonic acids are among the strongest acids available. Some of the commonly used organic acids include acetic acid, citric acid, lactic acid, and uric acid among several others. The key end-use applications of organic acids include bakery and confectionaries, dairy, beverages, poultry, meat, seafood, livestock, pharmaceuticals, industrial, and others.
The market is anticipated to benefit from the pharmaceutical industry's rapid growth due to the growing use of organic acids in medicines like aspirin and phenacetin.
- Short Term (2023 to 2026): Augmenting utilization of organic acids as preservatives and flavor enhancing agent in bakeries, confectionaries, and dairy products are driving the market for organic acids.
- Medium Term (2026 to 2029): Government regulations, advanced production technologies, and growing pharmaceutical industry are set to augment the organic acid market growth, especially in North America and Asia Pacific.
- Long Term (2029 to 2033): Mergers and acquisitions along with bio-based organic acid demand due to increasing inclination towards greener and environmentally friendly products will drive organic acids demand in the long term.
Over the 2018 to 2022 historical period, the global organic acids market registered a CAGR of 3.1%, according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 6.1% CAGR between 2023 and 2033.
“Food & Beverage Industry: The Major Consumer of Organic Acids”
Food and beverage account for a major share of the consumption of organic acids. In the coming years, the demand for organic acids will increase due to the expanding population and GDP growth. Because organic acids are increasingly used in the manufacturing of soft drinks and other food products, demand for them will keep rising in the food and beverage sector. In terms of demand, acetic dominated the market for organic acids worldwide. Owing to its antibacterial and antifungal qualities, it is increasingly used in the food and beverage industry, which is a key factor in the market's expansion.
Additionally, foods and beverages fortified with organic acids have various health advantages, which has led to a growth in consumer demand over the past few years. The Food and Agriculture Organization of the United Nations predicts an increase in worldwide per capita food consumption to 3,050 kcal per person per day by 2030.
The demand for organic acids in the food and beverage sector will continue to rise due to their expanding use in the manufacturing of soft drinks and other food products.
“Stringent Government Regulations to Hamper Market Growth”
The market is threatened by strict rules put in place by REACH, the EPA, and other governing organizations to limit the use of synthetic organic acids, despite the fact that organic acids have high development possibilities. This is due to the fact that synthetic versions of organic acids are made from non-renewable resources and are harmful to the environment.
Acetic acid can be a harmful chemical if employed in high concentrations. Its use in pesticides and animal feed in higher concentrations can pose a threat to plants, animals, and aquatic life.
The expansion of the international market for organic acids is anticipated to be constrained by high initial investment and fluctuating prices of raw materials like biomass, maize, corn, and others. The cost of raw materials varies depending on their source, manufacture, and availability.
Country-wise Insights
How is Growing Pharmaceutical Industry Augmenting Organic Acids Market in the US?
Approximately 35,000 metric tons of aspirin are produced and consumed annually which is enough to make 100 billion aspirin pills. Over 60 billion aspirin tablets are taken annually worldwide, with 34 billion of those tablets being consumed in the United States.
Aspirin is currently most frequently prescribed for heart disease prevention. Centre for Disease Control (CDC) says that over 50 million Americans use aspirin to ward off heart disease.
The market is anticipated to grow as gluconic acid, citric acid, and other food additives have received FDA approval in the US. it is most commonly utilized in animal feed and the food and beverage industries.
The United States organic acids market will expand at a CAGR of 6.3% over the projected period.
Why China is a Prominent Market in the Organic Acids Market?
China is a significant producer of a wide variety of goods produced using bioprocesses; for some, it even ranks as the top producer globally. According to COMTRADE, China exported 1,979.5 kilo tons of organic acid in 2021.
The existence of significant organic acid manufacturing enterprises in the nation can be linked to the considerable demand for organic acids in China. Additionally, there are numerous R&D initiatives underway in the nation to generate bio-organic acids using sustainable bio-based techniques.
China is experiencing fast growth in the food and beverage industry due to the increasing population and changing lifestyles of the people in the country. Growth in the food and beverage and pharmaceutical industries will bolster the demand for organic acids in the country.
Due to such favorable factors, China’s market for organic acids is expected to register a CAGR of 6.7% over the forecast.
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Category-wise Insights
Why is the Use of Acetic Acid Rising?
The manufacturing of synthetic fibers and polymeric materials is just one of the many uses for acetic acid. Acetic acid had been in high demand in the food, beverage, and animal products sectors due to its properties such as pH controller, preservatives, and antioxidants. Acetic acid is also used in manufacturing synthetic fibers and polymeric materials.
Acetic acid is also in high demand from other end use industries such as pharmaceutical, plastic, textile ad rubber to be used in the manufacturing process of antibiotics, vitamins, hormones, dyes, pesticides, and plastics among other products.
Due to all of these factors, the demand for acetic acid is anticipated to grow at a CAGR of 6.2% over the forecast period.
Will the Market be Driven by Growing Bakery and Confectionery Industry?
Organic acids such as acetic acid and citric acid are used in the bakery and confectionery sectors to stop bacterial and fungal growth. Organic acids are utilized in a variety of food products as antioxidants, food preservatives, flavor enhancers, and acidity regulators in addition to their antibacterial and antifungal capabilities.
The demand for organic acids in food applications will further fuel market expansion in the upcoming years due to the numerous health advantages of organic acids.
Owing to the above-mentioned factors, the demand for organic acids from the bakery and confectionary industry is expected to expand during the forecast period.
Competitive Landscape
Prominent organic acids manufacturers are BASF SE, Cargill, Daeho Co., Ltd, Dow Chemical Company, Eastman Chemical Company, Myriant Corporation, Celanese Corporation, Archer Daniels Midland Company, Henan Jindan Lactic Acid Technology Co. Ltd., Tate & Lyle Plc., and E. I. Du Pont De Nemours and Company
With the growing demand from end-use industries, Market actors are focusing on upgrading and expanding their production capacities to meet the growing demand. Players have built robust distribution networks to boost their presence and make product delivery easier. There has been a great focus on bio-based organic acids due to stringent government mandates and an inclination towards greener products.
Fact.MR has provided detailed information about the price points of key manufacturers of organic acids positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
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Segmentation of Organic Acids Industry Research
-
By Product :
- Acetic Acid
- Formic Acid
- Lactic Acid
- Citric Acid
- Propionic acid
- Ascorbic acid
- Gluconic acid
- Fumaric acid
- Malic acid
- Others
-
By Application :
- Bakery and Confectionery
- Dairy
- Beverages
- Poultry, Meat, and Seafood
- Livestock Feed
- Companion Animal Feed
- Pharmaceuticals
- Industrial
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Acetic Acid
- 7.2. Formic Acid
- 7.3. Lactic Acid
- 7.4. Citric Acid
- 7.5. Propionic Acid
- 7.6. Ascorbic Acid
- 7.7. Gluconic Acid
- 7.8. Fumaric Acid
- 7.9. Malic Acid
- 7.10. Others
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Bakery and Confectionery
- 8.2. Dairy
- 8.3. Beverages
- 8.4. Poultry, Meat, and Seafood
- 8.5. Livestock Feed
- 8.6. Companion Animal Feed
- 8.7. Pharmaceuticals
- 8.8. Industrial
- 8.9. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. BASF SE
- 18.2. Archer Daniels Midland Company
- 18.3. BioAmber Inc
- 18.4. Cargill
- 18.5. Corbion NV
- 18.6. Celanese Corporation
- 18.7. Dow Chemical Company
- 18.8. Eastman Chemical Company
- 18.9. E. I. Du Pont De Nemours and Company
- 18.10. Elekeiroz SA
- 18.11. Fuso Chemical
- 18.12. Genomatica
- 18.13. Henan Jindan Lactic Acid Technology Co. Ltd.
- 18.14. LUXI Group
- 18.15. Myriant Corporation
- 18.16. Tate & Lyle Plc.
- 18.17. Other Prominent Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ million), By Region, 2018 to 2022
Table 2: Global Market Value (US$ million) and Forecast By Region, 2023 to 2033
Table 3: Global Market Volume (Tons), By Region, 2018 to 2022
Table 4: Global Market Volume (Tons) and Forecast By Region, 2023 to 2033
Table 5: Global Market Value (US$ million), By Product Type, 2018 to 2022
Table 6: Global Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 7: Global Market Volume (Tons), By Product Type, 2018 to 2022
Table 8: Global Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 9: Global Market Value (US$ million), By Application, 2018 to 2022
Table 10: Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 11: Global Market Volume (Tons), By Application, 2018 to 2022
Table 12: Global Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 13: North America Market Value (US$ million), By Country, 2018 to 2022
Table 14: North America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 15: North America Market Volume (Tons), By Country, 2018 to 2022
Table 16: North America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 17: North America Market Value (US$ million), By Product Type, 2018 to 2022
Table 18: North America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 19: North America Market Volume (Tons), By Product Type, 2018 to 2022
Table 20: North America Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 21: North America Market Value (US$ million), By Application, 2018 to 2022
Table 22: North America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 23: North America Market Volume (Tons), By Application, 2018 to 2022
Table 24: North America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 25: Latin America Market Value (US$ million), By Country, 2018 to 2022
Table 26: Latin America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 27: Latin America Market Volume (Tons), By Country, 2018 to 2022
Table 28: Latin America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 29: Latin America Market Value (US$ million), By Product Type, 2018 to 2022
Table 30: Latin America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 31: Latin America Market Volume (Tons), By Product Type, 2018 to 2022
Table 32: Latin America Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 33: Latin America Market Value (US$ million), By Application, 2018 to 2022
Table 34: Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 35: Latin America Market Volume (Tons), By Application, 2018 to 2022
Table 36: Latin America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 37: Europe Market Value (US$ million), By Country, 2018 to 2022
Table 38: Europe Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 39: Europe Market Volume (Tons), By Country, 2018 to 2022
Table 40: Europe Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 41: Europe Market Value (US$ million), By Product Type, 2018 to 2022
Table 42: Europe Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 43: Europe Market Volume (Tons), By Product Type, 2018 to 2022
Table 44: Europe Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 45: Europe Market Value (US$ million), By Application, 2018 to 2022
Table 46: Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 47: Europe Market Volume (Tons), By Application, 2018 to 2022
Table 48: Europe Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 49: East Asia Market Value (US$ million), By Country, 2018 to 2022
Table 50: East Asia Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 51: East Asia Market Volume (Tons), By Country, 2018 to 2022
Table 52: East Asia Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 53: East Asia Market Value (US$ million), By Product Type, 2018 to 2022
Table 54: East Asia Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 55: East Asia Market Volume (Tons), By Product Type, 2018 to 2022
Table 56: East Asia Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 57: East Asia Market Value (US$ million), By Application, 2018 to 2022
Table 58: East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 59: East Asia Market Volume (Tons), By Application, 2018 to 2022
Table 60: East Asia Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 61: South Asia & Oceania Market Value (US$ million), By Country, 2018 to 2022
Table 62: South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 63: South Asia & Oceania Market Volume (Tons), By Country, 2018 to 2022
Table 64: South Asia & Oceania Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 65: South Asia & Oceania Market Value (US$ million), By Product Type, 2018 to 2022
Table 66: South Asia & Oceania Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 67: South Asia & Oceania Market Volume (Tons), By Product Type, 2018 to 2022
Table 68: South Asia & Oceania Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 69: South Asia & Oceania Market Value (US$ million), By Application, 2018 to 2022
Table 70: South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 71: South Asia & Oceania Market Volume (Tons), By Application, 2018 to 2022
Table 72: South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 73: MEA Market Value (US$ million), By Country, 2018 to 2022
Table 74: MEA Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 75: MEA Market Volume (Tons), By Country, 2018 to 2022
Table 76: MEA Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 77: MEA Market Value (US$ million), By Product Type, 2018 to 2022
Table 78: MEA Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 79: MEA Market Volume (Tons), By Product Type, 2018 to 2022
Table 80: MEA Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 81: MEA Market Value (US$ million), By Application, 2018 to 2022
Table 82: MEA Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 83: MEA Market Volume (Tons), By Application, 2018 to 2022
Table 84: MEA Market Volume (Tons) and Forecast By Application, 2023 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 2: Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 3: Global Market Value (US$ million) and Volume (Tons) By Region, 2023 & 2033
Figure 4: Global Market Y-o-Y Growth Rate By Region, 2023 to 2033
Figure 5: Global Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 6: Global Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 7: Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 8: Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 9: North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 10: North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11: North America Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 12: North America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 13: North America Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 14: North America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 15: North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 16: North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 17: North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 18: North America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 19: North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 20: Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 21: Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 22: Latin America Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 23: Latin America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 24: Latin America Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 25: Latin America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 26: Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 27: Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 28: Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 29: Latin America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 31: Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 32: Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33: Europe Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 34: Europe Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 35: Europe Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 36: Europe Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 37: Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 38: Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 41: Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 42: East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 43: East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 44: East Asia Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 45: East Asia Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 46: East Asia Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 47: East Asia Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 48: East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 49: East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 50: East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure 51: East Asia Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 52: East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 53: South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 54: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55: South Asia & Oceania Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 56: South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 57: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 58: South Asia & Oceania Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 59: South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 60: South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 61: South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure 62: South Asia & Oceania Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 63: South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 64: MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 65: MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66: MEA Market Value (US$ million) and Volume (Tons), By Country, 2023 & 2033
Figure 67: MEA Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 68: MEA Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 69: MEA Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 70: MEA Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 71: MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 72: MEA Market Attractiveness Analysis By Country, 2023 to 2033
Figure 73: MEA Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 74: MEA Market Attractiveness Analysis By Application, 2023 to 2033
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- FAQs -
What is the Global Organic Acids Market Size?
The global organic acids market is projected to be valued at US$ 12.3 billion in 2023.
How is the Market for Organic Acids Expected to Fare Going Forward?
Worldwide demand for organic acids is anticipated to reach US$ 22.2 billion by 2033-end.
Which Regional Organic Acids Market Accounts for a Leading Market Share?
North America tops the global organic acids market accounting for 38.6% market share.
Which Application Holds the Highest Market Share?
The bakery and confectionary segment accounts for a 29.5% share of global sales.
How did the Market Perform Over the Last Few Years?
During 2018-2022, sales of organic acids increased at 3.1% CAGR.
Organic Acids Market