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Organic Acids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global organic acids market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Organic acids refer to organic compounds with low molecular mass and weak acidic properties. They can be produced through fermentation of biomass, molasses, starch or agro-industrial residues, such as cassava bagasse, coffee husk, apple pomace, soybean, sugarcane, corn cobs, press-mud, wheat bran, citric pulps and fruit peels. Some of the commonly used organic acids include carboxyl, formic, lactic, propionic, gluconic, malic and benzoic acid. Organic acids are highly beneficial in the stimulation treatments of oil and gas and chelating metallic ions. They are widely used as antioxidants, acidulants, emulsifiers, flavor enhancers and preservatives. In comparison to the traditionally used mineral acids, organic acids are less reactive and can be used in extreme temperatures. As a result, they find extensive application in the manufacturing of food and beverages, animal feed and pharmaceuticals.

Organic Acids Market Trends:

Significant growth in the food and beverage industry across the globe is one of the key factors creating a positive outlook for the market. Due to the hectic schedules and busy lifestyles, there is an increasing consumer demand for ready-to-eat (RTE) food products manufactured using organic acids for preventing the growth of bacteria. Moreover, the widespread product adoption as a substitute for antibiotic growth promoters (AGP) in animal feed is also contributing to the growth of the market. In line with this, the rising preference for multifunctional cosmetic and personal care products fortified with citric and formic acids is also contributing to the growth of the market. Other factors, including the implementation of favorable government policies promoting the manufacturing of bio-based organic acids through renewable resources, along with the increasing product utilization for the production of various intermediates and petrochemical products, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global organic acids market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, source and end user.

Breakup by Type:

  • Acetic Acid
  • Citric Acid
  • Formic Acid
  • Lactic Acid
  • Gluconic Acid
  • Fumaric Acid
  • Itaconic Acid
  • Others
     

Breakup by Source:

  • Biomass
  • Molasses
  • Starch
  • Chemical Synthesis
  • Argo-Industrial Residue
     

Breakup by End User:

  • Food and Beverage
  • Animal Feed
  • Chemical and Industrial
  • Pharmaceuticals
  • Personal Care
  • Agriculture
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Cargill Incorporated, Celanese Corporation, Dow Inc., Koninklijke DSM N.V., DuPont de Nemours Inc., Eastman Chemical Company, Henan Jindan Lactic Acid Technology Co. Ltd., Tate & Lyle PLC and The Archer-Daniels-Midland Company.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Source, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered BASF SE, Cargill Incorporated, Celanese Corporation, Dow Inc., Koninklijke DSM N.V., DuPont de Nemours Inc., Eastman Chemical Company, Henan Jindan Lactic Acid Technology Co. Ltd., Tate & Lyle PLC and The Archer-Daniels-Midland Company.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global organic acids market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global organic acids market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global organic acids market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Organic Acids Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Acetic Acid
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Citric Acid
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Formic Acid
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Lactic Acid
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Gluconic Acid
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Fumaric Acid
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Itaconic Acid
        6.7.1 Market Trends
        6.7.2 Market Forecast
    6.8    Others
        6.8.1 Market Trends
        6.8.2 Market Forecast
7    Market Breakup by Source
    7.1    Biomass
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Molasses
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Starch
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Chemical Synthesis
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Argo-Industrial Residue
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by End User
    8.1    Food and Beverage
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Animal Feed
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Chemical and Industrial
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Pharmaceuticals
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Personal Care
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Agriculture
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    BASF SE
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Cargill Incorporated
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 SWOT Analysis
        14.3.3    Celanese Corporation
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Dow Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Koninklijke DSM N.V.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6     DuPont de Nemours Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Eastman Chemical Company
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Henan Jindan Lactic Acid Technology Co. Ltd.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
        14.3.9    Tate & Lyle PLC
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    The Archer-Daniels-Midland Company
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Organic Acids Market: Major Drivers and Challenges
Figure 2: Global: Organic Acids Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Organic Acids Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Organic Acids Market: Breakup by Type (in %), 2020
Figure 5: Global: Organic Acids Market: Breakup by Source (in %), 2020
Figure 6: Global: Organic Acids Market: Breakup by End User (in %), 2020
Figure 7: Global: Organic Acids Market: Breakup by Region (in %), 2020
Figure 8: Global: Organic Acids (Acetic Acid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Organic Acids (Acetic Acid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Organic Acids (Citric Acid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Organic Acids (Citric Acid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Organic Acids (Formic Acid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Organic Acids (Formic Acid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Organic Acids (Lactic Acid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Organic Acids (Lactic Acid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Organic Acids (Gluconic Acid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Organic Acids (Gluconic Acid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Organic Acids (Fumaric Acid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Organic Acids (Fumaric Acid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Organic Acids (Itaconic Acid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Organic Acids (Itaconic Acid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Organic Acids (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Organic Acids (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Organic Acids (Biomass) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Organic Acids (Biomass) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Organic Acids (Molasses) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Organic Acids (Molasses) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Organic Acids (Starch) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Organic Acids (Starch) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Organic Acids (Chemical Synthesis) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Organic Acids (Chemical Synthesis) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Organic Acids (Argo-Industrial Residue) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Organic Acids (Argo-Industrial Residue) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Organic Acids (Food and Beverage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Organic Acids (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Organic Acids (Animal Feed) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Organic Acids (Animal Feed) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Organic Acids (Chemical and Industrial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Organic Acids (Chemical and Industrial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Organic Acids (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Organic Acids (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Organic Acids (Personal Care) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Organic Acids (Personal Care) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Global: Organic Acids (Agriculture) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Global: Organic Acids (Agriculture) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Global: Organic Acids (Other End Users) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Global: Organic Acids (Other End Users) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: North America: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: North America: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: United States: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: United States: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Canada: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Canada: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Asia-Pacific: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Asia-Pacific: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: China: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: China: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Japan: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Japan: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: India: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: India: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: South Korea: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: South Korea: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Australia: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Australia: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Indonesia: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Indonesia: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Others: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Others: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Europe: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Europe: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Germany: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Germany: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: France: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: France: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: United Kingdom: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: United Kingdom: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Italy: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Italy: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Spain: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Spain: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Russia: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Russia: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Others: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Others: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Latin America: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Latin America: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Brazil: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Brazil: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Mexico: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 91: Mexico: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Others: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 93: Others: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 94: Middle East and Africa: Organic Acids Market: Sales Value (in Million US$), 2015 & 2020
Figure 95: Middle East and Africa: Organic Acids Market: Breakup by Country (in %), 2020
Figure 96: Middle East and Africa: Organic Acids Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 96: Global: Organic Acids Industry: SWOT Analysis
Figure 97: Global: Organic Acids Industry: Value Chain Analysis
Figure 98: Global: Organic Acids Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Organic Acids Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Organic Acids Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Organic Acids Market Forecast: Breakup by Source (in Million US$), 2021-2026
Table 4: Global: Organic Acids Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 5: Global: Organic Acids Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Organic Acids Market: Competitive Structure
Table 7: Global: Organic Acids Market: Key Players

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