HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: July 2017
Report Code: FB 4344

 

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The organic acids market is projected to grow at a CAGR of 5.48% from 2017 to 2022, to reach USD 11.39 Billion by 2022. The base year considered for the study is 2016, and the forecast period is from 2017 to 2022. The basic objective of the report is to define, segment, and project the global market size for organic acid on the basis of type, application, and region. It also helps to understand the structure of an organic acid by identifying its various segments. Other objectives include analyzing the opportunities in the market for stakeholders and providing a competitive landscape of market trends, analyzing the macro and micro indicators of this market to provide factor analysis and to project the size of the organic acids market, in terms of value and volume.

This report includes estimations of the market size in terms of value (USD Million) and volume (KT). Both top-down and bottom-up approaches have been used to estimate and validate the size of the global organic acid and to estimate the size of various other dependent submarkets in the overall market. The key players in the market have been identified through secondary research, some of the sources are press releases, paid databases such as Factiva and Bloomberg, annual reports, and financial journals; their market share in respective regions have also been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources. The figure below shows the breakdown of profiles of industry experts that participated in the primary discussions.

Organic Acids Market

To know about the assumptions considered for the study, download the pdf brochure

Key participants in the supply chain of the organic acids market are the product manufacturers, end use industries, and raw material suppliers. The key players that are profiled in the report include Cargill (U.S.), BASF SE (Germany), 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.).

This report is targeted at the existing players in the industry, which include the following:

  • Regulatory and research organizations
  • Raw material producers, suppliers, and distributors
  • Organic acid manufacturer, traders, distributors, and dealers
  • Nutraceutical and pharmaceutical based organizations
  • Research and consulting firms

“The study answers several questions for stakeholders, primarily which market segments to focus on in next two to five years for prioritizing efforts and investments.”

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 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

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.)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the Rest of Europe organic acid into Russia, and Italy
  • Further breakdown of the Rest of Asia-Pacific organic acid into Australia, New Zealand, and Vietnam
  • Further breakdown of the RoW organic acid into Paraguay, Uruguay, Chile, and Cuba

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Covered
    1.4 Periodization
    1.5 Currency
    1.6 Units
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Macro Indicators
           2.2.1 Introduction
           2.2.2 Rising Population and Rapid Urbanization
                    2.2.2.1 Increasing Middle-Class Population
                    2.2.2.2 Developing Economies
                    2.2.2.3 Research & Development
    2.3 Market Size Estimation
    2.4 Market Breakdown & Data Triangulation
    2.5 Assumptions and Limitations
           2.5.1 Assumptions
           2.5.2 Limitations

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in this Market
    4.2 Organic Acids Market Size, By Region & Type
    4.3 Asia-Pacific Organic Acids Market, By Country & Type
    4.4 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Application
           5.2.3 Source (Qualitative)
                    5.2.3.1 Biomass
                    5.2.3.2 Molasses
                    5.2.3.3 Starch
           5.2.4 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Wide Use of Organic Acids in Various Applications
                    5.3.1.2 Growth in Demand for Convenience Food
                    5.3.1.3 R&D and Technological Innovations
                    5.3.1.4 Micro-Encapsulation
           5.3.2 Restraints
                    5.3.2.1 Raw Material Price & Availability and Infrastructural & Technological Barriers
                    5.3.2.2 High Cost and Poor Supply Chain
           5.3.3 Opportunities
                    5.3.3.1 Production of Organic Acids From Renewable Resources: Cost-Effective Method
                    5.3.3.2 Leniency in Regulatory Policy for Organic Acids
           5.3.4 Challenges
                    5.3.4.1 Environmental Concerns

6 Organic Acids, By Type (Page No. - 45)
    6.1 Introduction
    6.2 Acetic Acid
    6.3 Citric Acid
    6.4 Formic Acid
    6.5 Lactic Acid
    6.6 Propionic Acid
    6.7 Ascorbic Acid
    6.8 Gluconic Acid
    6.9 Fumaric Acid
    6.10 Malic Acid
    6.11 Other Acids

7 Organic Acids Market, By Application (Page No. - 59)
    7.1 Introduction
    7.2 Food & Beverages
    7.3 Feed
    7.4 Pharmaceuticals
    7.5 Industrial

8 Organic Acids Market, By Region (Page No. - 86)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
           8.2.3 Mexico
    8.3 South America
           8.3.1 Brazil
           8.3.2 Argentina
           8.3.3 Rest of South America
    8.4 Europe
           8.4.1 Germany
           8.4.2 France
           8.4.3 U.K.
           8.4.4 Rest of Europe
    8.5 Asia-Pacific
           8.5.1 China
           8.5.2 India
           8.5.3 Japan
           8.5.4 Rest of Asia-Pacific
    8.6 Rest of the World (RoW)
           8.6.1 Africa
           8.6.2 The Middle East

9 Competitive Landscape (Page No. - 128)
    9.1 Introduction
    9.2 Organic Acids (Global) Competitive Leadership Mapping, 2017
           9.2.1 Visionary Leaders
           9.2.2 Innovators
           9.2.3 Dynamic Differentiators
           9.2.4 Emerging Companies
    9.3 Competitive Benchmarking
           9.3.1 Strength of Product Portfolio
           9.3.2 Business Strategy Excellence
Top 25 Companies Analyzed for This Study are - BASF SE (Germany), the DOW Chemical Company (U.S.), Cargill (U.S.), E.I. Du Pont De Nemours and Company (U.S.), Henan Jindan Lactic Acid Technology Co. Ltd (China), Archer Daniels Midland Company (U.S.), Eastman Chemical Company (U.S.), Myriant Corporation (U.S.), Addcon GmbH (Germany), Anpario PLC. (U.K), Corbion N.V. (Netherlands), Polynt-Reichhold (Italy), Koninklijke DSM N.V. (Netherlands), Celanese Corporation (U.S.), Nutreco N.V. (Netherlands), Perstorp Holding Ab (Sweden), Tate & Lyle (U.K.), Novozymes (Denmark), Bioamber Inc. (Canada), A.M Food Chemical Co., Limited (China), Biomin Holding GmbH (Austria), Macco Organiques Inc. (Canada), Yancheng Huade Biological Engineering Co., Ltd (China), Shanghai Jianbei Organic Chemical Co., Ltd (China), Daicel Corporation (Japan)
    9.4 Ranking Analysis

10 Company Profiles (Page No. - 133)
(Business Overview, Strength of Product Portfolio, Product Portfolio, Business Strategy Excellence, and Recent Developments)*
     10.1 Cargill
     10.2 E. I. Dupont De Nemours and Company
     10.3 BASF SE
     10.4 The DOW Chemical Company
     10.5 Henan Jindan Lactic Acid Technology Co. Ltd
     10.6 Archer Daniels Midland Company
     10.7 Eastman Chemical Company
     10.8 Myriant Corporation
     10.9 Corbion N.V.
     10.10 Koninklijke DSM N.V.
     10.11 Tate & Lyle
     10.12 Polynt-Reichhold

*Details on Business Overview, Strength of Product Portfolio, Product Portfolio, Business Strategy Excellence, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 168)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Introducing RT: Real-Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (117 Tables)

Table 1 Functions of Key Organic Acids
Table 2 Organic Acids Market Size, By Type, 2015-2022 (USD Million)
Table 3 Market Size, By Type, 2015-2022 (KT)
Table 4 Acetic Acid Market Size, By Region, 2015-2022 (USD Million)
Table 5 Acetic Acid Market Size, By Region, 2015-2022 (KT)
Table 6 Citric Acid Market Size, By Region,2015-2022 (USD Million)
Table 7 Citric Acid Market Size, By Region, 2015-2022 (KT)
Table 8 Formic Acid Market Size, By Region, 2015-2022 (USD Million)
Table 9 Formic Acid Market Size, By Region, 2015-2022 (KT)
Table 10 Lactic Acid Market Size, By Region, 2015-2022 (USD Million)
Table 11 Lactic Acid Market Size, By Region, 2015-2022 (KT)
Table 12 Propionic Acid Market Size, By Region, 2015-2022 (USD Million)
Table 13 Propionic Acid Market Size, By Region, 2015-2022 (KT)
Table 14 Ascorbic Acid Market Size, By Region, 2015-2022 (USD Million)
Table 15 Ascorbic Acid Market Size, By Region, 2015-2022 (KT)
Table 16 Gluconic Acid Market Size, By Region, 2015-2022 (USD Million)
Table 17 Gluconic Acid Market Size, By Region, 2015-2022 (KT)
Table 18 Fumaric Acid Market Size, By Region, 2015-2022 (USD Million)
Table 19 Fumaric Acid Market Size, By Region, 2015-2022 (KT)
Table 20 Malic Acid Market Size, By Region, 2015-2022 (USD Million)
Table 21 Malic Acid Market Size, By Region, 2015-2022 (KT)
Table 22 Other Acids Market Size, By Region, 2015-2022 (USD Million)
Table 23 Other Acids Market Size, By Region, 2015-2022 (KT)
Table 24 Organic Acids Market Size, By Application, 2015–2022 (USD Million)
Table 25 Market Size, By Application, 2015–2022 (KT)
Table 26 Organic Acids Market Size in Food & Beverages, By Sub-Application, 2015–2022 (USD Million)
Table 27 Market Size in Food & Beverages, By Sub-Application, 2015–2022 (KT)
Table 28 Organic Acids Market Size in Food & Beverages, By Type, 2015–2022 (USD Million)
Table 29 Market Size in Food & Beverages, By Type, 2015–2022 (KT)
Table 30 Organic Acids Market Size in Bakery & Confectionery Products, By Type, 2015–2022 (USD Million)
Table 31 Market Size in Bakery & Confectionery Products, By Type, 2015–2022 (KT)
Table 32 Organic Acids Market Size in Beverages, By Type, 2015–2022 (USD Million)
Table 33 Market Size in Beverages, By Type, 2015–2022 (KT)
Table 34 Organic Acids Market Size in Dairy Products, By Type, 2015–2022 (USD Million)
Table 35 Market Size in Dairy Products, By Type, 2015–2022 (KT)
Table 36 Organic Acids Market Size in Meat & Meat Products, By Type, 2015–2022 (USD Million)
Table 37 Market Size in Meat & Meat Products, By Type, 2015–2022 (KT)
Table 38 Organic Acids Market Size in Other Food & Beverage Applications, By Type, 2015–2022 (USD Million)
Table 39 Market Size in Other Food & Beverage Applications, By Type, 2015–2022 (KT)
Table 40 Organic Acids Market Size in Feed, By Sub-Application, 2015–2022 (USD Million)
Table 41 Market Size in Feed, By Sub-Application, 2015–2022 (KT)
Table 42 Organic Acids Market Size in Livestock Feed, By Sub-Application, 2015–2022 (USD Million)
Table 43 Market Size in Livestock Feed, By Sub-Application, 2015–2022 (KT)
Table 44 Organic Acids Market Size in Feed, By Type, 2015–2022 (USD Million)
Table 45 Market Size in Feed, By Type, 2015–2022 (KT)
Table 46 Organic Acids Market Size in Livestock Feed, By Type, 2015–2022 (USD Million)
Table 47 Market Size in Livestock Feed, By Type, 2015–2022 (KT)
Table 48 Organic Acids Market Size in Swine Feed, By Type, 2015–2022 (USD Million)
Table 49 Market Size in Swine Feed, By Type, 2015–2022 (KT)
Table 50 Organic Acids Market Size in Cattle Feed, By Type, 2015–2022 (USD Million)
Table 51 Market Size in Cattle Feed, By Type, 2015–2022 (KT)
Table 52 Organic Acids Market Size in Poultry Feed, By Type, 2015–2022 (USD Million)
Table 53 Market Size in Poultry Feed, By Type, 2015–2022 (KT)
Table 54 Organic Acids Market Size in Aquafeed, By Type, 2015–2022 (USD Million)
Table 55 Market Size in Aquafeed, By Type, 2015–2022 (KT)
Table 56 Organic Acids Market Size in Other Livestock Feed Applications, By Type, 2015–2022 (USD Million)
Table 57 Market Size in Other Livestock Feed Applications, By Type, 2015–2022 (KT)
Table 58 Organic Acids Market Size in Companion Animal Feed, By Type, 2015–2022 (USD Million)
Table 59 Market Size in Companion Animal Feed, By Type, 2015–2022 (KT)
Table 60 Organic Acids Market Size in Pharmaceuticals, By Type, 2015–2022 (USD Million)
Table 61 Market Size in Pharmaceuticals, By Type, 2015–2022 (KT)
Table 62 Organic Acids Market Size in Industrial Applications, By Type, 2015–2022 (USD Million)
Table 63 Market Size in Industrial Applications, By Type, 2015–2022 (KT)
Table 64 Organic Acids Market Size, By Region, 2015-2022 (USD Million)
Table 65 Market Size, By Region, 2015-2022 (KT)
Table 66 North America: Organic Acids Market Size, By Country, 2015-2022 (USD Million)
Table 67 North America: Market Size, By Country, 2015-2022 (KT)
Table 68 North America: Market Size, By Type, 2015–2022 (USD Million)
Table 69 North America: Market Size, By Type, 2015–2022 (KT)
Table 70 U.S.: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 71 U.S.: Market Size, By Type, 2015–2022 (KT)
Table 72 Canada: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 73 Canada: Market Size, By Type, 2015–2022 (KT)
Table 74 Mexico: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 75 Mexico: Market Size, By Type, 2015–2022 (KT)
Table 76 South America: Organic Acids Market Size, By Country, 2015-2022 (USD Million)
Table 77 South America: Market Size, By Country, 2015-2022 (KT)
Table 78 South America: Market Size, By Type, 2015–2022 (USD Million)
Table 79 South America: Market Size, By Type, 2015–2022 (KT)
Table 80 Brazil: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 81 Brazil: Market Size, By Type, 2015–2022 (KT)
Table 82 Argentina: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 83 Argentina: Market Size, By Type, 2015–2022 (KT)
Table 84 Rest of South America: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 85 Rest of South America: Market Size, By Type, 2015–2022 (KT)
Table 86 Europe: Organic Acids Market Size, By Country, 2015–2022 (USD Million)
Table 87 Europe: Market Size, By Country, 2015–2022 (KT)
Table 88 Europe: Market Size, By Type, 2015–2022 (USD Million)
Table 89 Europe: Market Size, By Type, 2015–2022 (KT)
Table 90 Germany: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 91 Germany: Market Size, By Type, 2015–2022 (KT)
Table 92 France: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 93 France: Market Size, By Type, 2015–2022 (KT)
Table 94 U.K.: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 95 U.K.: Market Size, By Type, 2015–2022 (KT)
Table 96 Rest of Europe: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 97 Rest of Europe: Market Size, By Type, 2015–2022 (KT)
Table 98 Asia-Pacific: Organic Acids Market Size, By Country, 2015–2022 (USD Million)
Table 99 Asia-Pacific: Market Size, By Country, 2015–2022 (KT)
Table 100 Asia-Pacific: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 101 Asia-Pacific: Market Size, By Type, 2015–2022 (KT)
Table 102 China: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 103 China: Market Size, By Type, 2015–2022 (KT)
Table 104 India: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 105 India: Market Size, By Type, 2015–2022 (KT)
Table 106 Japan: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 107 Japan: Market Size, By Type, 2015–2022 (KT)
Table 108 Rest of Asia-Pacific: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 109 Rest of Asia-Pacific: Market Size, By Type, 2015–2022 (KT)
Table 110 RoW: Organic Acids Market Size, By Region, 2015-2022 (USD Million)
Table 111 RoW: Market Size, By Region, 2015-2022 (KT)
Table 112 RoW: Market Size, By Type, 2015–2022 (USD Million)
Table 113 RoW: Market Size, By Type, 2015–2022 (KT)
Table 114 Africa: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 115 Africa: Market Size, By Type, 2015–2022 (KT)
Table 116 The Middle East: Organic Acids Market Size, By Type, 2015–2022 (USD Million)
Table 117 The Middle East: Market Size, By Type, 2015–2022 (KT)


List of Figures (38 Figures)

Figure 1 Market Segmentation
Figure 2 Organic Acids Market Segmentation, By Application
Figure 3 Market Segmentation, By Region
Figure 4 Organic Acids: Research Design
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 6 Population Growth Trend, 1950–2050 (Billion)
Figure 7 Middle-Class Population in Asia-Pacific is Projected to Grow Rapidly By 2030
Figure 8 GDP Growth (%) Annual Percent Change, 2016
Figure 9 Market Size Estimation Methodology: Bottom-Up Approach
Figure 10 Market Size Estimation Methodology: Top-Down Approach
Figure 11 Market Breakdown & Data Triangulation
Figure 12 Asia-Pacific and Europe are Projected to Be the Fastest-Growing Regions in the Global Organic Acids Market From 2017 to 2022
Figure 13 Organic Acids Market Snapshot, By Type, 2017 vs 2022 (USD Million)
Figure 14 Market Snapshot, By Application, 2017 vs 2022 (USD Million)
Figure 15 Key Players Adopted New Product Launches as the Key Strategy From 2012 to 2017
Figure 16 Organic Acids Market: Emerging Market With Promising Growth Potential
Figure 17 Asia-Pacific Accounted for the Largest Share in the Organic Acids, By Type Market, 2016
Figure 18 Acetic Acid Accounted for the Largest Share in the Asia-Pacific Organic Acids Market, By Type, in 2016
Figure 19 Organic Acids Market in Asia-Pacific has Reached the Maturity Stage
Figure 20 Organic Acids Market, By Type
Figure 21 Market, By Application
Figure 22 Market, By Region
Figure 23 Organic Acids Market: Drivers, Restraints, Opportunities & Challenges
Figure 24 Food & Beverages to Dominate the Market for Organic Acid Applications Through 2022 (USD Million)
Figure 25 North American Organic Acids Market: A Snapshot
Figure 26 European Organic Acids Market: A Snapshot
Figure 27 Asia-Pacific Organic Acids Market: Snapshot
Figure 28 Competitive Leadership Mapping
Figure 29 Cargill: Company Snapshot
Figure 30 E. I. Dupont De Nemours & Company: Company Snapshot
Figure 31 BASF SE: Company Snapshot
Figure 32 The DOW Chemical Company: Company Snapshot
Figure 33 Archer Daniels Midland Company: Company Snapshot
Figure 34 Eastman Chemical Company: Company Snapshot
Figure 35 Corbion N.V.: Company Snapshot
Figure 36 Koninklijke DSM N.V.: Company Snapshot
Figure 37 Tate & Lyle: Company Snapshot
Figure 38 Polynt-Reichhold: Company Snapshot

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.

The global market, on the basis of application, is segmented into food & beverages, feed, pharmaceutical and industrial. The food and beverage sector cover the largest market share due to increased consumer demand for organic acid fortified food and beverages due to their antioxidants and preservative properties. There is also a growing demand for foods that are produced using milder treatments, which include heat, salt, sugar, and chemicals. Also, newer technologies are introduced to prevent the growth of dangerous bacteria, thus increasing the demand of organic acids in food applications.

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.

Organic Acids Market

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.

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.

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