Widespread adoption of organic acids in personal care and cosmetic products and surging demand for ready-to-eat (RTE) food products are growth factors.
BROOKLYN, NEW YORK, UNITED STATES, February 22, 2023 /
EINPresswire.com/ -- According to IMARC Groupโs latest report, titled โOrganic Acids Market: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐
๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐โ, the
global organic acids market size reached US$ 22.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 36.4 Billion by 2027, exhibiting a growth rate (CAGR) of 8.26% during 2022-2027.
Organic acids are organic compounds characterized by their weak acidic properties. They are manufactured through the fermentation of biomass, molasses, starch, and agro-industrial residues, such as sugarcane and fruit peels. Some of the commonly utilized organic acids encompass formic, gluconic, lactic, benzoic, and gluconic acid.โฏThey are widely used as emulsifiers, flavor enhancers, antioxidants, acidulants, and preservatives due to their less reactive nature and resistance to extreme temperatures. As a result, organic acids are largely used in the food and beverage (F&B) industry to enhance the shelf life of food products.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐๐
๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:
https://www.imarcgroup.com/organic-acids-market/requestsample
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Organic Acids Market Trends:
The increasing utilization of organic acids as an alternative to antibiotic growth promoters (AGP) in animal feed and the rapid expansion in the F&B sector are primary factors driving the market growth. Additionally, the widespread adoption of organic acids in personal care and cosmetic products and surging demand for ready-to-eat (RTE) food products are other growth-inducing factors. Furthermore, the implementation of numerous initiatives by governments of various countries to promote the production of bio-based organic acids from renewable resources is creating a positive outlook for the market.โฏBesides this, the rising product employment to produce intermediates and petrochemical products and increasing investments in research and development (R&D) activities are positively contributing to the market growth.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:
https://www.imarcgroup.com/checkout?id=4562&method=1
Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
โข BASF SE
โข Cargill Incorporated
โข Celanese Corporation
โข Dow Inc.
โข Koninklijke DSM N.V.
โข DuPont de Nemours Inc.
โข Eastman Chemical Company
โข Henan Jindan Lactic Acid Technology Co. Ltd.
โข Tate & Lyle PLC
โข The Archer-Daniels-Midland Company.
Key Market Segmentation:
The report has categorized the market based on type, source and end user.
Breakup by Type:
โข Acetic Acid
โข Citric Acid
โข Formic Acid
โข Lactic Acid
โข Gluconic Acid
โข Fumaric Acid
โข Itaconic Acid
โข Others
Breakup by Source:
โข Biomass
โข Molasses
โข Starch
โข Chemical Synthesis
โข Argo-Industrial Residue
Breakup by End User:
โข Food and Beverage
โข Animal Feed
โข Chemical and Industrial
โข Pharmaceuticals
โข Personal Care
โข Agriculture
โข Others
Breakup by Region:
โข North America (United States, Canada)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ & ๐๐ข๐ฌ๐ญ ๐จ๐ ๐
๐ข๐ ๐ฎ๐ซ๐๐ฌ:
https://www.imarcgroup.com/request?type=report&id=4562&flag=C
Key highlights of the report:
โข Market Performance (2016-2021)
โข Market Outlook (2022-2027)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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