Published Date : Oct 27, 2017
ALBANY, New York, Oct 27, 2017: MarketResearchReports.biz has recently added a new market study to its repository, titled “Organic Acids Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2022.” According to the report, the global organic acids market will witness a high growth during the said period on account of the increasing demand for environmentally viable and acceptable additives as well as the growing food and beverages industry. The extensive use of organic acids in downstream industries and growing awareness regarding the side effects caused by additives and preservatives in cosmetics and food products will lead to an increase in the demand for natural, organic compounds.
The use of organic acids regulates acidity, acts as antioxidants, has preservative properties, as well as enhances flavor. This makes them important for the food and beverage industry. Organic acids are also used because they help counter pathogens in food products and helps improve the sustainability. The demand for organic acids is also witnessing an increase from the pharmaceutical industry. The market for organic acids will witness high growth opportunities in developing nations as they will experience growth in GDP. The developed nations may hold leading shares in the market but the developing nations will also witness tremendous growth in the organic acids market on account of the expanding industrial sector.
The report not only discusses the leading factors boosting the growth of the global organic acids market but also takes an in depth look into factors that affect the market’s growth negatively. The impact reports of both driving and restraining factors has been included in this market research report. The report segments the global organic acids on the basis of application, product, and geography. The leading and declining segments are mentioned. Also, the segment to witness the fastest growth in the period from 2017 – 2022 has been mentioned. The market size of each segment at present, as well as their estimated figure in future is given in the report. As such, the report is highly useful not just for potential investors and new entrants, but also for those companies which are well established.
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On the basis of geography, the maximum growth in the organic acids market has been found in North America. Asia Pacific will also witness high growth on account of the growing GDP. The market will specially grow in India and China. By product, the market is segmented into acetic acid, lactic acid, formic acid, citric acid, ascorbic acid, propionic acid, gluconic acid, fumaric acid, and malic acid. Of these, the demand for acetic acid is the highest on account of its antifungal and antibacterial properties. the growing demand from bakeries and confectionaries to prevent fungal and bacterial growth in food products is also expected to boost the demand for organic acids. The market for citric acid will also witness growth due to applications such as water treating solvent in cosmetics and other industries and chelating or cleaning agent.
The report profiles leading players from the global organic acids market for the purpose of study. They are: BASF SE, Archer Daniels Midland Company, BioAmber Inc., Cargill, BP Plc, Celanese Corporation, E. I. Dupont De Nemours and Company, Corbion N.V., Eastman Chemical Company, Fuso chemical co. ltd, Elekeiroz S.A, Genomatica, Koninklijke DSM N.V., LUXI GROUP CO., LTD., Myriant Corporation, Henan Jindan Lactic Acid Technology Co. Ltd, Nature Works LLC, Tate & Lyle, Polynt-Reichhold, and The DOW Chemical Company.
The business and financial overview of these companies are covered. The case studies of leading players also include the recent developments and expansion strategies. The various challenges faced by these players are also included. All this important information about companies helps readers and potential investors to make smart and profitable business decisions regarding the global organic acids market.
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