Organic Acids Market By Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Propionic Acid, Ascorbic Acid, Gluconic Acid, Fumaric Acid), By Source (Biomass, Molasses, Starch, Chemical Synthesis, Agro-Industrial Residue), By Application (Food & Beverages, Feed, Pharmaceuticals, and Industrial) and Geography    

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Organic Acids Market size was valued at USD 8,273.6 million in 2022 and is poised to grow at a CAGR of 5.7% from 2023-29. It has been estimated with a significant growth with the help of key drivers which include growing demand for convenience food, usage of organic acids in animal feed and production of organic acids from cost effective renewable sources. There’s a restrain which may hamper the growth of global organic acids market are high price of raw materials and technology barriers. Major growth opportunity is provided by the leniency in regulatory policy for organic acids which boost the global organics acid market. When compared to mineral acids, organic acids are weak acids that do not entirely dissociate in water. Organic acids with lower molecular masses, such as formic acid and lactic acid, are soluble in water; however, organic acids with greater molecular masses, such as benzoic acid, are fully insoluble in neutral form. Fermentation was once the only way to make lactic acid and formic acid, but breakthroughs in biotechnology and chemical synthesis have made the fermentation process obsolete. For the synthesis of organic acids, various agro-industrial residues such as coffee husk, apple pomace, soybean, sugarcane, press-mud, citric pulps, wheat bran, and kiwi fruit peel are used. The demand for organic acids in Asia-Pacific is being fueled by the growth of the food and beverage industry. Furthermore, rising demand for organic acids in the healthcare industry, population growth, and GDP growth are all important drivers of demand for organic acids.

Organic Acids Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.7%

Largest Market

Asia-Pacific

Fastest Growing Market

North America
Organic Acids Market Dynamics

It is noticed that the global organics acid market has a significant market growth rate on the perception of increasing demand for citric acid. Citric acid is a natural constituent and common metabolite of plants and animals. It is a versatile organic acid that is utilized in a wide range of industries. It is used as an anti-oxidizing, acidifying, flavoring, preserving, chelating and buffering agent in the food and beverages, pharmaceutical, and cosmetics industries. According to the German Nutrition Society (DGE), awareness among consumers in Europe pertaining to the use of citric acid for maintaining digestive health increased to 49% in 2016 as compared to 44% in 2015.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • 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 start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Organic Acids Market Segmentation

By Type
  • Acetic Acid
  • Citric Acid
  • Formic Acid
  • Lactic Acid
  • Propionic Acid
  • Ascorbic Acid
  • Gluconic Acid
  • Fumaric Acid
By Source
  • Biomass
  • Molasses
  • Starch
  • Chemical Synthesis
  • Agro-Industrial Residue
By Application
  • Food & Beverages
  • Feed
  • Pharmaceuticals
  • Industrial

Frequently Asked Questions

2022 is the base year and 2029 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

  1. Executive Summary
  2. Global Organic Acids Market Introduction
    • Global Organic Acids Market Taxonomy
    • Global Organic Acids Market Definitions
      • Product Type
      • Source
      • Application
  3. Global Organic Acids Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Organic Acids Market Dynamic Factors - Impact Analysis
    • Global Organic Acids Market Competition Landscape
  4. Global 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
  5. Global Organic Acids Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • 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
    • 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
    • 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
    • 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
    • Propionic 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
    • 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
    • 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
  1. Global Organic Acids Market Forecast, By Source, 2018 - 2022 and Forecast, 2023 - 2029
    • 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
    • Molasses
      • 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
    • Starch
      • 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
    • Chemical Synthesis
      • 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
    • Agro-Industrial Residue
      • 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
  1. Global Organic Acids Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029
    • Food & Beverages
      • 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
    • Feed
      • 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
    • Industrial
      • 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
  1. Global 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 Organic Acids Market - Opportunity Analysis Index, By Product Type, By Application, and Region, 2023 - 2029
  2. North America Organic Acids Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Acetic Acid
      • Citric Acid
      • Formic Acid
      • Lactic Acid
      • Propionic Acid
      • Ascorbic Acid
      • Gluconic Acid
      • Fumaric Acid
    • Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Biomass
      • Molasses
      • Starch
      • Chemical Synthesis
      • Agro-Industrial Residue
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Feed
      • Pharmaceuticals
      • Industrial
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Organic Acids Market - Opportunity Analysis Index, By Product Type, By Source, By Application and Country, 2023 - 2029
    • North America Organic Acids Market Dynamics Trends
  3. Europe Organic Acids Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Acetic Acid
      • Citric Acid
      • Formic Acid
      • Lactic Acid
      • Propionic Acid
      • Ascorbic Acid
      • Gluconic Acid
      • Fumaric Acid
    • Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Biomass
      • Molasses
      • Starch
      • Chemical Synthesis
      • Agro-Industrial Residue
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Feed
      • Pharmaceuticals
      • Industrial
    • 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 Organic Acids Market - Opportunity Analysis Index, By Product Type, By Source, By Application and Country, 2023 - 2029
    • Europe Organic Acids Market Dynamics Trends
  4. Asia-Pacific Organic Acids Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Acetic Acid
      • Citric Acid
      • Formic Acid
      • Lactic Acid
      • Propionic Acid
      • Ascorbic Acid
      • Gluconic Acid
      • Fumaric Acid
    • Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Biomass
      • Molasses
      • Starch
      • Chemical Synthesis
      • Agro-Industrial Residue
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Feed
      • Pharmaceuticals
      • Industrial
    • 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 Organic Acids Market - Opportunity Analysis Index, By Product Type, By Source, By Application and Country, 2023 - 2029
    • Asia-Pacific Organic Acids Market Dynamics Trends
  5. Latin America Organic Acids Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Acetic Acid
      • Citric Acid
      • Formic Acid
      • Lactic Acid
      • Propionic Acid
      • Ascorbic Acid
      • Gluconic Acid
      • Fumaric Acid
    • Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Biomass
      • Molasses
      • Starch
      • Chemical Synthesis
      • Agro-Industrial Residue
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Feed
      • Pharmaceuticals
      • Industrial
    • 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 Organic Acids Market - Opportunity Analysis Index, By Product Type, By Source, By Application and Country, 2023 - 2029
    • Latin America Organic Acids Market Dynamics Trends
  6. Middle East and Africa Organic Acids Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Acetic Acid
      • Citric Acid
      • Formic Acid
      • Lactic Acid
      • Propionic Acid
      • Ascorbic Acid
      • Gluconic Acid
      • Fumaric Acid
    • Source Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Biomass
      • Molasses
      • Starch
      • Chemical Synthesis
      • Agro-Industrial Residue
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Food & Beverages
      • Feed
      • Pharmaceuticals
      • Industrial
    • 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 Organic Acids Market - Opportunity Analysis Index, By Product Type, By Source, By Application and Country, 2023 - 2029
    • MEA Organic Acids Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Cargill (US)
      • BASF SE (Germany)
      • Dow Chemical Company (US)
      • Henan Jindan Lactic Acid Technology Co. Ltd (China)
      • Archer Daniels Midland Company (U.S.)
      • Eastman Chemical Company (U.S.)
      • Myriant Corporation (U.S.)
      • Corbion N.V. (Netherlands)
      • Koninklijke DSM N.V. (Netherlands)
      • BioAmber (Canada)
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • Cargill (US)
  • BASF SE (Germany)
  • Dow Chemical Company (US)
  • Henan Jindan Lactic Acid Technology Co. Ltd (China)
  • Archer Daniels Midland Company (U.S.)
  • Eastman Chemical Company (U.S.)
  • Myriant Corporation (U.S.)
  • Corbion N.V. (Netherlands)
  • Koninklijke DSM N.V. (Netherlands)
  • BioAmber (Canada)

Adjacent Markets