Organic Acids Market Expected to Reach 11.39 Billion USD by 2022

1. MarketsandMarkets Presents Organic Acids Market Expected to Reach 11.39 Billion USD by 2022

2. The report "Organic Acids Market by Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Propionic Acid, Ascorbic Acid, Gluconic Acid, Fumaric Acid), Application (Food & Beverages, Feed, Pharmaceuticals, and Industrial), and Region - Global Forecast to 2022", The organic acids market is projected to reach a value of USD 11.39 Billion by 2022, at a CAGR of 5.48% from 2017 to 2022. The market is driven by factors such as the use of organic acids in various applications and wide functionalities of organic acids range from their use as a preservative, acidity regulator, antioxidant, flavor enhancer, coating, and in the production of biopolymers. • Browse • 117 Market Data Tables  • 38 Figures  • 174 Pages and in-depth TOC on "Organic Acids Market ” • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=30190158

3. Source: MarketsandMarkets Analysis

4. The organic acids market is projected to grow at a CAGR of 5.48% from 2017 to 2022, to reach a projected value of USD 11.39 Billion by 2022. Factors such as wide use of organic acids in various applications, increase in demand for convenience food, significant functionalities across various industries, R&D and technological innovations, and micro-encapsulation drive the organic acids market. On the basis of type, the global market was led by acetic acid, followed by citric acid in 2016. Acetic acid is one of the most largely commercially available types of organic acid. Asia-Pacific countries are expected to become major markets owing to the high awareness among customers and this contributes to the growth of the global organic acids market in the near future. Asia-pacific accounted for the largest market share for organic acid in 2016, owing to the increase in demand for organic acid in countries such as China and India. Asia-pacific is projected to be the fastest-growing market during the forecast period, due to the increased awareness related to the health benefits of organic acid.  The relatively lower operational costs in this region enable manufacturers to have competitive pricing on a global platform. In this region, countries are less stringent, in terms of regulations, over the trade and domestic marketing of food additives. Organic acids are manufactured on a large scale in China and are exported to international markets. The major restraining factor for the organic acid is the price and availability of raw materials. Production costs increase significantly due to higher costs of raw materials, transport, energy, and chemicals, which leads to increase in prices; these in turn impact the margins for manufacturers.

5. Companies such as E. I. du Pont de Nemours and Company (U.S.), BASF SE (Germany) have acquired leading market position through the provision of a broad portfolio, catering to the varied requirements of the market, along with a focus on the diverse end user segments. They are also focused on innovation and are geographically diversified. • Scope of the Report: • On the basis of Type, the market has been segmented into: • Acetic acid • Citric acid • Formic acid • Lactic acid • Propionic acid • Ascorbic acid • Gluconic acid • Fumaric acid • Malic acid • Others (tartaric acid, succinic acid, and butyric acid) • On the basis of Region, the market has been segmented into: • North America • South America • Europe • Asia-Pacific • RoW (Latin American countries such as Africa and the Middle Eastern countries.)

6. On the basis of Application, the market has been segmented into: • Food & Beverages • Bakery & confectionery • Beverages • Dairy products • Meat & meat products • Others (jams, jellies, and other processed food) • Feed • Livestock feed • Swine feed • Cattle feed • Poultry feed • Aquafeed • Others (equine and birds) • Companion animal feed • Pharmaceuticals • Industrial

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