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The global Organic Acids market was valued at USD 19.91 Billion in 2018 and is expected to reach USD 36.86 Billion by year 2026, at a CAGR of 8.0%.
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Organic Acids Market To Reach USD 36.86 Billion By 2026
Market Summary Market Size – USD 19.91 Billion in 2018, Market Growth - CAGR of 8.0%, Market Trends – Product synthesis through bio-based methods, rising application in pharmaceutical products The global Organic Acids market was valued at USD 19.91 Billion in 2018 and is expected to reach USD 36.86 Billion by year 2026, at a CAGR of 8.0%. Further key findings from the report suggest • The market for renewable organic acids is driven by stringent environmental regulations imposed on the conventional production methods. The former do not leave any toxic waste behind and organic acids are therefore being increasingly synthesized from renewable bio-based methods. Animal feed products are an important application of organic acids due to their positive effect on feed quality and animal performance. BASF SE offers Lupro-Mix, a blend of Propionic acid and formic acid, which is a popular animal feed product. • The organic acids market is expected to have the maximum growth and product penetration in the food and beverages industry during the forecast period. This is primarily due to their preservation and flavour addition applications. • www.reportsanddata.com
Market Summary Key Players: Cargill, Aryan International, Novus, BASF SE, Tate & Lyle, Dow Chemical Company, Eastman Chemical Company, Corbion, Myriant Corporation, Zhengzhou Best Cooperationamong others. Segmentation: Source Type (Revenue, USD Million; 2019–2026) • Biomass • Molasses • Starch • Chemical Synthesis • Agro-Industrial Residue Application (Revenue, USD Million; 2019–2026) • Food and Beverages Industry • Animal Feed • Chemical Industry • Pharmaceuticals • Personal Care • Agriculture • Others To look at the PDF Sample Report and get 30 minutes of a free consultation @https://www.reportsanddata.com/sample-enquiry-form/1730 www.reportsanddata.com
Market Summary Product Type (Revenue, USD Million; 2019–2026) • Formic Acid • Citric Acid • Lactic Acid • Acetic Acid • Gluconic Acid • Itaconic Acid • Others Regional Outlook for Animal Health Market analyses the following geographies: North America (United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa) Grab Your Report at an Impressive Discount! Please Click Here : @https://www.reportsanddata.com/discount-enquiry-form/1730 www.reportsanddata.com
The report emphasizes the following key questions: Q.1.What are the most lucrative and promising growth prospects for the market? Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? Q.3.Which geographies are estimated to exhibit the highest growth and the underlying causes? Q.4.Which factors are impacting the future of the market and what are the driving factors? Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com
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