Organic Acids Market to Reach Over US$ 13.2 Billion by 2026; Booming Food & Beverage Industry to Propel Market Growth - TMR

ALBANY, New York, May 22, 2019 /PRNewswire/ -- The global organic acids market features a competitive vendor landscape, Transparency Market Research (TMR) examines during their detailed study. Archer-Daniels-Midland Company, BASF S.E., Cargill Incorporated, Genomatica, Inc., and BioAmber Inc. are some of the prominent players in the organic acids market. Additionally, the key players are increasingly involving in joint ventures, partnerships, and collaborations with livestock feed manufacture and food & beverage manufacturers. These strategies are helping them to meet the demand for organic acids.

TMR's report based on the global organic acids market estimated to grow at a CAGR of 5.7% over the forecast period from 2018 to 2026. With the vigorous CAGR, the market is expected to attain a value of US$13.2 bn by 2026 from a value of US$8.0 bn in 2017.

Request a Sample of Global Organic Acids Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2729

Based on the product type, the acetic acid segment dominated the global organic acids market in 2017. Based on the applications, the bakery & confectionery segment dominated the global organic acids market by accounting for a 25% share of the market in 2017. Regionally, the Asia Pacific dominated the global acetic acid market in the same year and is expected to remain dominant over the forecast period. This growth is attributable to the changing lifestyle of mid-earning people and changing eating habits in the developing countries present in the region.

High Demand from Food & Beverages Industry to Boost Growth

Organic compounds that have acidic properties are generally known as organic acids. Organic acids are synthetically produced on a wide scale to be used as surfactants, catalysts, and dyes. These acids are extensively used in the fermentation process in several microorganisms, which are used in the food & beverages. In the food & beverages industry, the organic acids are used as rheology modifiers, preservatives, and additives. Thus, along with booming packaged food & beverage industry, the organic acids market is gaining traction. Apart from these, the petrochemicals, textile, pharmaceuticals, and adhesives industries are widely demanding for organic acids, this in turn driving the market growth.

Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=2729

However, implementation of stringent regulations on the production of organic acids primarily in the developed countries of North America and Europe are limiting the growth of the global organic acids market. Additionally, due to the lack of proper demand and supply ratio; the cost of the organic acids is increasing and is likely to restrain the growth of the organic acids market.

High Demand from Petrochemicals & Pharmaceuticals is Likely to Boost Market's Growth

Nonetheless, factors such as the high adoption of organic acids from petrochemical industries for producing end products from intermediates in the industries. Growing demand for fuel is boosting its production and is expected to offer growth opportunities for the global organic acids market in the coming years. Moreover, demand from the pharmaceutical industry regarding intermediate and improved catalysts is predicted to support growth of the organic acids market in the years to come.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=2729

Additionally, the global organic acids market is witnessing substantial demand from the developing countries including India and China due to the presence of non-stringent regulations in these countries. Manufacturers in the food & beverage industry are increasingly demanding for the organic acids to be used in the products on a large scale globally and especially across Asia-Pacific and Latin America and the Middle East & Africa. This is leading to a boosted demand from pharmaceutical products and food & beverage products.

Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/organic-acids-market.htm

This information is encompassed in the report by TMR, titled, "Organic Acids Market (Product Type - Acetic Acids, Citric Acids, Formic Acids, Propionic Acids, Lactic Acids, Fumaric Acids, Ascorbic Acids, Gluconic Acids; Application - Bakery and Confectionery, Dairy, Beverages, Poultry, Meat, Seafood, Livestock Feed, Animal Feed, Pharmaceuticals, Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026."

For the study, the global organic acids market has been segmented as follows:

Product Type

• Acetic Acids
• Citric Acids
• Formic Acids
• Propionic Acids
• Lactic Acids
• Fumaric Acids
• Ascorbic Acids
• Gluconic Acids
• Others
• butyric acid
• uric acid
• oxalic acid

Application

• Bakery & Confectionery
• Dairy
• Beverages
• Poultry, meat, and seafood
• Livestock Feed
• Animal Feed
• Pharmaceuticals
• Industrial
• Others
• Textile
• Cosmetics
• Packaging

Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Spain
• Italy
• Rest of Europe

• Asia Pacific
• China
• Japan
• Australia
• India
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa
• South Africa
• Saudi Arabia
• Rest of Middle East & Africa

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

• Monochloroacetic Acid Market: https://www.transparencymarketresearch.com/monochloroacetic-acid-market.html
• 2-Ethylhexanoic Acid Market: https://www.transparencymarketresearch.com/2-ethylhexanoic-acid-market.html
• D-amino Acid Market: https://www.transparencymarketresearch.com/d-amino-acids-market.html
• Electronic Grade Hydrofluoric Acid Market: https://www.transparencymarketresearch.com/electronic-grade-hydrofluoric-acid-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit BhiseyTransparency
Market ResearchState Tower,
90 State Street,Suite 700
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - CANADA Toll Free: 8665523453
Email: [email protected] 
Website: http://www.transparencymarketresearch.com 
Research Blog: http://www.europlat.org/

SOURCE Transparency Market Research