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Organic Acids Market Expected to Reach 11.39 Billion USD by 2022

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Organic Acids Market categorizes the global 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. – PowerPoint PPT presentation

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Title: Organic Acids Market Expected to Reach 11.39 Billion USD by 2022


1
MarketsandMarkets Presents
Organic Acids Market Expected to Reach 11.39
Billion USD by 2022
2
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  38 Figures  174 Pages and in-depth TOC
on "Organic Acids Market  You can speak to
our analyst_at_ http//www.marketsandmarkets.com/spea
ktoanalyst.asp?id30190158
3
Source MarketsandMarkets Analysis
4
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, RD 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. 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. 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.
5
  • 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.
  • 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 Region, the market has been
    segmented into

6
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
7
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les_at_marketsandmarkets.comhttp//www.linkedin.com/
company/marketsandmarkets
8
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