Organic Acids Market to Surpass $12.5 Billion by 2026
Robustly expanding various downstream industries,
rising demand from food & beverage sectors coupled with growing demand for
natural and eco-friendly additives to propel global organic acid market through
2026
According to
TechSci Research report, “Global Organic Acid Market By Type, By End
Use, By Region, Competition Forecast and Opportunities, 2012-2026”, global
organic acid market is forecast to surpass $ 12.5 billion by 2026. On
the basis of type of organic acid, the market has been segmented into acetic
acid, citric acid, formic acid, lactic acid and others. Acetic acid is the most
widely used type of organic acid among various end use industries, owing to its
various functional properties such as sour taste, antimicrobial properties, etc.
Acetic acid is the basic chemical compound and can be used as substrate to
produce other intermediates for further applications in paints, adhesives and
other end use industries. Growing number of organic acid production facilities
and emerging application of distinct types of organic acid in various downstream
industries are the major factors fueling consumption of organic acids, globally.
Growth in global organic acid market can also be attributed to rise in demand
for natural food additives and preservatives in cosmetics, drugs, beverages and
other end use industries.
Browse 20 market data Tables and 256 Figures spread
through 343 Pages and an in-depth TOC on "Global Organic Acid Market”
https://www.techsciresearch.com/report/global-organic-acid-market-by-type-acetic-acid-citric-acid-formic-acid-and-lactic-acid-by-end-uses-industrial-food-beverage-etc-by-region-asia-pacific-north-america-europe-etc-competition-forecast-and-opportunities/969.html
Organic
acids such as citric acid, lactic acid, acetic acid and others are also used as
flavoring agent, antioxidant and preservatives in beverage processing
industries. Global beverage market stood at around 916 billion liters in 2015
and Asia-Pacific dominated the market, with a total consumption of 285.3
billion liters in the same year. Moreover, rising product innovations in
beverage manufacturing and increasing consumer preferences towards consuming
energy drinks and organic beverages are further propelling demand for organic
acids across the globe. Pharmaceutical and personal care products manufacturing
industries are other rapidly growing end use industries. Organic acids are
majorly produced by microbial fermentation process and therefore, contains no
chemicals compounds. Mounting demand for natural chemicals with no side effects
in drugs manufacturing industry and expanding product range of organic cosmetics
are further expected to accelerate demand for organic acids globally through
the forecast period.
Download Sample
Report @ https://www.techsciresearch.com/sample-report.aspx?cid=969
Customers can also
request for 10% free customization on this report.
“Asia-Pacific
dominated global organic acid market due to growing demand for organic acid from
various downstream industries and food & beverage sector coupled with
increasing awareness various functional properties of organic acid. Countries such
as China and India witnessed strong economic growth over the past few years, backed
by increasing industrialization and rising per capita income in these countries.
Moreover, increasing government initiatives to boost agricultural and food
service sectors in these economies are expected to positively fuel demand for
organic acid market in APAC region.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“Global
Organic Acid Market By Type, By End Use, By Region, Competition Forecast and
Opportunities, 2012-2026” has evaluated the future growth potential of global organic
acid market and provides statistics and information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global organic acid market.
About TechSci Research
TechSci
Research is a leading global market research firm publishing premium market
research reports. Serving 700 global clients with more
than 600 premium market research studies, TechSci Research is serving clients
across 11 different industrial verticals. TechSci Research specializes in
research based consulting assignments in high growth and emerging markets,
leading technologies and niche applications. Our workforce of more than 100
fulltime Analysts and Consultants employing innovative research solutions and
tracking global and country specific high growth markets helps TechSci clients
to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]