Bio-Based Organic Acids Market By Product (Formic Acid, Citric Acid, Lactic Acid, Ascorbic Acid, Fumaric Acid, Gluconic Acid, Acetic Acid and Succinic Acid), By Raw Material (Corn, Maze, Sugar and Biomass), By Application (Petrochemicals, Polymers, Pharmaceuticals, Dyes, Coatings, Food Products and Others) and Geography

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Bio-Based Organic Acids Market size was valued at 8.72 billion in 2022 and is expected to reach 12.69 billion by 2029 and is poised to grow at a significant CAGR of 5.5% from 2023 to 2029. Factors boosting the market growth are rising inclination of consumers towards bio-based products, strict regulations imposed on the usage of conventional organic acid producers in various countries and increasing demand across various end user sectors. However, high cost required in the production of these acids is hampering the growth of the market. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global bio-based organic acids market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

Global Bio Based Organic Acids Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.5%

Largest Market

Europe

Fastest Growing Market

Asia-Pacific

Bio-Based Organic Acids Market Dynamics

The demand for bio-based organic acids is growing owing to the impact of conventional organic acids on the environment. Bio-based products are based on renewable and expandable resources, thereby decreasing dependency on increasingly expensive and limited (finite) fossil and mineral resources, and having the potential of saving energy and reduce GHG emissions. Minimizing chemical waste and the release of toxic byproducts into the environment is one of the most important benefits of sustainable bio-based chemical products. In order to cater to this growing demand, more and more organic acid is being produced from renewable sources such as feedstock.

Asia-Pacific Got Significant Share

Bio-Based Organic Acids Market regional Analysis

Asia Pacific accounted for larger revenue share in global bio-based organic acids market with considerable CAGR. XX. Asia Pacific is expected to witness steady growth in this market due to the increasing demand for this market from various industries such as petrochemicals, coatings, pharmaceuticals etc. in countries such as China, India and Thailand. Europe acquired considerable growth in this market and the growth of this region can be attributed to shifting focus of various industries towards the usage of environment-friendly products.

Latin America

Europe

Asia Pacific

Middle East

North America

Key Features of the Reports

The report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
The report tracks recent innovations, key developments and startup's details that are actively working in the market
The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Bio Based Organic Acids Market Segmentation

By Product Type

Formic Acid
Citric Acid
Lactic Acid
Ascorbic Acid
Fumaric Acid
Gluconic Acid
Acetic Acid
Succinic Acid

By Raw Material

Corn
Maze
Sugar
Biomass

By Application

Petrochemicals
Polymers
Pharmaceuticals
Dyes
Coatings
Food Products
Others

Frequently Asked Questions

The bio-based organic acids market is projected to expand at a CAGR of 5.5% during the forecast period.

Abengoa, BASF SE, BioAmber Inc, Cargill, Corbion NV

Asia-Pacific is the fastest-growing for bio-based organic acids market

Bio-Based Organic Acids Market size was valued at 8.72 billion in 2022 and is expected to reach 12.69 billion by 2029 and is poised to grow at a significant CAGR of 5.5% from 2023 to 2029.

Table of Content

Executive Summary
Global Bio-Based Organic Acids Market Introduction
- Global Bio-Based Organic Acids Market - Taxonomy
- Global Bio-Based Organic Acids Market - Definitions
  - Product
  - Raw Material
  - Application

Global Bio-Based Organic Acids Market Dynamics
- Drivers
- Restraints
- Opportunities/Unmet Needs of the Market
- Trends
- Global Bio-Based Organic Acids Market Dynamic Factors - Impact Analysis
- Global Bio-Based Organic Acids Market - Competition Landscape
Global Bio-Based Organic Acids Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
- Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Year-over-Year (Y-o-Y) Growth Analysis (%)
- Market Opportunity Analysis
Global Bio-Based Organic Acids Market, By Product, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Formic Acid
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Citric Acid
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Lactic Acid
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Ascorbic Acid
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Fumaric Acid
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Gluconic Acid
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Acetic Acid
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Succinic Acid
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis

Global Bio-Based Organic Acids Market, By Raw Material, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Corn
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Maze
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Sugar
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Biomass
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis

Global Bio-Based Organic Acids Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Petrochemicals
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Polymers
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Pharmaceuticals
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Dyes
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Coatings
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Food Products
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Others
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis

Global Bio-Based Organic Acids Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- North America
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Europe
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Asia-Pacific
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Latin America
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Middle East and Africa
  - Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
  - Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
  - Market Opportunity Analysis
- Global Bio-Based Organic Acids Market - Opportunity Analysis Index, By Product, Raw Material, Application and Region, 2023 - 2029
North America Bio-Based Organic Acids Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Formic Acid
  - Citric Acid
  - Lactic Acid
  - Ascorbic Acid
  - Fumaric Acid
  - Gluconic Acid
  - Acetic Acid
  - Succinic Acid
- Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Corn
  - Maze
  - Sugar
  - Biomass
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Petrochemicals
  - Polymers
  - Pharmaceuticals
  - Dyes
  - Coatings
  - Food Products
  - Others
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - US
  - Canada
- North America Bio-Based Organic Acids Market - Opportunity Analysis Index, By Product, Raw Material, Application and Region, 2023 - 2029
- North America Bio-Based Organic Acids Market Dynamics - Trends
Europe Bio-Based Organic Acids Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Formic Acid
  - Citric Acid
  - Lactic Acid
  - Ascorbic Acid
  - Fumaric Acid
  - Gluconic Acid
  - Acetic Acid
  - Succinic Acid
- Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Corn
  - Maze
  - Sugar
  - Biomass
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Petrochemicals
  - Polymers
  - Pharmaceuticals
  - Dyes
  - Coatings
  - Food Products
  - Others
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - Germany
  - UK
  - France
  - Spain
  - Italy
  - Russia
  - Poland
  - Rest of Europe
- Europe Bio-Based Organic Acids Market - Opportunity Analysis Index, By Product, Raw Material, Application and Region, 2023 - 2029
- Europe Bio-Based Organic Acids Market Dynamics - Trends
Asia-Pacific Bio-Based Organic Acids Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Formic Acid
  - Citric Acid
  - Lactic Acid
  - Ascorbic Acid
  - Fumaric Acid
  - Gluconic Acid
  - Acetic Acid
  - Succinic Acid
- Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Corn
  - Maze
  - Sugar
  - Biomass
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Petrochemicals
  - Polymers
  - Pharmaceuticals
  - Dyes
  - Coatings
  - Food Products
  - Others
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - Japan
  - China
  - India
  - ASEAN
  - Australia & New Zealand
  - Rest of Asia-Pacific
- Asia-Pacific Bio-Based Organic Acids Market - Opportunity Analysis Index, By Product, Raw Material, Application and Region, 2023 - 2029
- Asia-Pacific Bio-Based Organic Acids Market Dynamics - Trends
Latin America Bio-Based Organic Acids Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Formic Acid
  - Citric Acid
  - Lactic Acid
  - Ascorbic Acid
  - Fumaric Acid
  - Gluconic Acid
  - Acetic Acid
  - Succinic Acid
- Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Corn
  - Maze
  - Sugar
  - Biomass
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Petrochemicals
  - Polymers
  - Pharmaceuticals
  - Dyes
  - Coatings
  - Food Products
  - Others
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - Brazil
  - Mexico
  - Argentina
  - Rest of Latin America
- Latin America Bio-Based Organic Acids Market - Opportunity Analysis Index, By Product, Raw Material, Application and Region, 2023 - 2029
- Latin America Bio-Based Organic Acids Market Dynamics - Trends
Middle East and Africa Bio-Based Organic Acids Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
- Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Formic Acid
  - Citric Acid
  - Lactic Acid
  - Ascorbic Acid
  - Fumaric Acid
  - Gluconic Acid
  - Acetic Acid
  - Succinic Acid
- Raw Material Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Corn
  - Maze
  - Sugar
  - Biomass
- Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
  - Petrochemicals
  - Polymers
  - Pharmaceuticals
  - Dyes
  - Coatings
  - Food Products
  - Others
- Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
  - Gulf Cooperation Council (GCC) Countries
  - Israel
  - South Africa
  - Rest of MEA
- MEA Bio-Based Organic Acids Market - Opportunity Analysis Index, By Product, Raw Material, Application and Region, 2023 - 2029
- MEA Bio-Based Organic Acids Market Dynamics - Trends
Competition Landscape
- Strategic Dashboard of Top Market Players
- Company Profiles (Introduction, Financial Analysis, Instrument Portability & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
  - Abengoa
  - BASF SE
  - BioAmber Inc
  - Cargill,
  - Corbion NV
  - Dow Chemicals
  - Methanex
  - Mitsubishi Chemical Corporation
  - Novozymes A/S
  - Zhejiang Hisun Biomaterials Co. Ltd

Research Methodology
Key Assumptions and Acronyms

Abengoa
BASF SE
BioAmber Inc
Cargill,
Corbion NV
Dow Chemicals
Methanex
Mitsubishi Chemical Corporation
Novozymes A/S
Zhejiang Hisun Biomaterials Co. Ltd

Purchase Option

Global Bio Based Organic Acids Market Summary

2024-2030

2023

5.5%

Europe

Asia-Pacific

Bio-Based Organic Acids Market Dynamics

Key Features of the Reports

Global Bio Based Organic Acids Market Segmentation

By Product Type

By Raw Material

By Application

Frequently Asked Questions

What is the CAGR of the bio-based organic acids market over the forecast period?

Who are the major key players in bio-based organic acids market ?

Which is the fastest-growing region for bio-based organic acids market?

How big is the bio-based organic acids market?

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