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The organic acids market is experiencing strong growth, which is mainly attributed to the rise in demand from its end-user applications in the biodegradable polymer, pharmaceutical, and personal care industries. Organic acids act as antioxidants, emulsifiers, acidulants, flavor enhancers, and preservatives. Furthermore, increased usage of organic acids in animal feed as a substitute of antibiotic growth promoters (AGP) is another factor that is expected to drive the market for organic acids during the forecast period.
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MarketsandMarkets™ Presents Organic Acids Market - Forecast to 2022 https://www.marketsandmarkets.com/Market-Reports/organic-acid-market-30190158.html
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 and 38 Figures spread through 174 Pages and in-depth TOC on "Organic Acids Market - Global Forecast to 2022“ Early buyers will receive 10% customization on this report. The major restraining factor for the organic acid is the raw material price & availability and infrastructural & technological barriers, coupled with the high cost and poor supply chain. Production costs increase significantly due to higher costs of raw materials, transport, energy, and chemicals, which leads to an increase in prices; these, in turn, impact the margins for manufacturers. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=30190158
The objectives of the study are as follows: • To define, segment, and project the global organic acids market size with respect to type, application, and key regions • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges) • To analyze opportunities in the market for stakeholders and provide the competitive landscape of market leaders • To project the size of the market and its submarkets in terms of value and volume, with respect to regions (along with key countries) • To strategically profile key players and comprehensively analyze their product portfolio and core competencies in the organic acids market • The various contributors involved in the value chain of the dairy testing market include raw material suppliers, R&D institutes, dairy testing service providing companies as SGS, Bureau Veritas, Intertek, Eurofins, dairy testing equipment manufacturing companies, and government bodies & regulatory associations such as the United States Department of Agriculture (USDA), the Food and Drug Administration (FDA), and the European Food Safety Authority (EFSA). • The market for organic acids is dominated by key players such as Cargill (U.S.), BASF SE (Germany), The Dow Chemical Company (U.S.), Henan Jindan Lactic Acid Technology Co. Ltd (China), Archer Daniels Midland Company (U.S.), Eastman Chemical Company (U.S.), Corbion (Netherlands), Myriant Corporation (U.S.), Polynt-Reichhold (Italy), Tate & Lyle (U.K.), Koninklijke DSM N.V. (Netherlands), and E.I. Du Pont De Nemours & Company (U.S.). • Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=30190158
Target Audience: • Manufacturers, importers & exporters, traders, distributors, and suppliers of organic acids • Food and feed experts • Raw material producers • R&D institutions • Traders & retailers • Distributors, importers, and exporters • Regulatory bodies • Organizations such as Food and Agriculture Organization (FAO), the Food and Drug Administration (FDA), United States Department of Agriculture (USDA), European Food Safety Authority (EFSA), and Food Safety Australia and New Zealand (FSANZ) • Government agencies • Scope of the report: • Based on application, the organic acids market has been segmented as follows: • Food & beverages • Bakery & confectionery • Beverages • Dairy products • Meat & meat products • Others (jams, jellies, and other processed food) • Request Sample: https://www.marketsandmarkets.com/requestsample.asp?id=30190158
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