Organic acids market is projected to expand at a CAGR of ~ 5% during the forecast period. The extensive usage of organic acids in the food & beverages industry mostly influences the remarkable growth of the organic acids market. The application of organic acids in bakery and confectionery products accounts for the lion’s share of the market. The food & beverages industry has shown significant growth in recent years, owing to the growing population and increasing disposable income, thereby, driving growth in the organic acids market.
The key players in the global organic acids market report consist of
- DowDuPont
- Eastman Chemical Company
- Koninklijke DSM N.V.
- NatureWorks LLC
- Others
Each market player encompassed in the organic acids market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the organic acids market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.
In 2019, worldwide sales of organic acids are estimated to reach a valuation of ~US$ 120 Bn. Organic acids are gaining traction in pharmaceutical and animal feed applications, which further fuels market growth throughout the forecast period. Furthermore, the key players are increasing their business footprint swiftly, which creates lucrative opportunities for the market.
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Find More Valuable Insights on Organic Acids Market
Fact.MR, in its new offering, brings to fore an unbiased analysis of the global Organic Acids market, presenting historical demand data (2014-2018) and forecast statistics for the period, 2019-2027. The study divulges compelling insights on the organic acids market on the basis of product (acetic acid, formic acid, lactic acid, citric acid, propionic acid, ascorbic acid, gluconic acid, fumaric acid, malic acid, and other products), application (bakery and confectionery, dairy, beverages, poultry, meat and seafood, livestock feed, companion animal feed, pharmaceuticals, industrial and other applications) and six major regions.