Global Organic Acids Market Overview
As per MRFR analysis, the Organic Acids Market Size was estimated at 52.95 (USD Billion) in 2022.The Organic Acids Market Industry is expected to grow from 56.0(USD Billion) in 2023 to 92.66 (USD Billion) by 2032. The Organic Acids Market CAGR (growth rate) is expected to be around 5.76% during the forecast period (2023 - 2032).
Key Organic Acids Market Trends Highlighted
Key market drivers for organic acids include the growing demand for natural and sustainable ingredients in various industries, particularly in food and beverage, pharmaceuticals, and cosmetics. The increasing awareness of the harmful effects of synthetic chemicals and the rising disposable income of consumers are further driving the demand for organic acids.Opportunities within the organic acids market lie in the expansion of applications in emerging industries, such as bioplastics and biodegradable packaging. Additionally, the development of innovative technologies for the production of organic acids presents opportunities for growth.Recent trends in the organic acids market indicate a shift towards bio-based and renewable sources for production, driven by environmental concerns and regulations. The integration of biotechnology and fermentation technologies is also notable, enhancing the efficiency and sustainability of production processes.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Organic Acids Market Drivers
Rising Demand for Organic Acids in Food and Beverages
The World Organic Acids Market Industry started to steadily grow as a type of organic acids play an effective role in the food and beverage industry. Citric acids, lactic acids, acetic acids and gluconic acids are examples of food acids that are used to improve food taste, preserve food, and improve food quality. Furthermore, according to the World Organic Acids Market Industry report, the increasing demand for and sale of organic products within the foods and across the food and beverage industry is driving the growth of the demand for organic acids such as lactic and citric acid.Hence, the steady growth of the World Organic Acids Market Industry is driven by increasing consumer awareness of the health and nutrition benefits of the alternative to conventional foods.
Expansion of Organic Acid Applications in Pharmaceuticals and Personal Care
There are more and more applications of organic acids in the pharmaceutical and personal care industries. There are increasingly considered to be active ingredients in such types of formulations as pharmaceuticals, cosmetics, and toiletries. The reason for the growth in popularity of the application of the category is the increased customers’ interest in bio-based and eco-friendly products. They also provide a number of outstanding properties that increase the efficiency and safety of pharmaceuticals, as well as are commonly used for the production of personal care products that are considered natural and safe for consumers in the Global Organic Acids Market Industry.
Growing Adoption of Organic Acids in Industrial Applications
Organic acids are becoming increasingly popular in various industrial applications, including metal processing, textile manufacturing, and leather treatment. They are used as solvents, chelating agents, and pH regulators, among other applications. The demand for organic acids has increased not just because of their properties but also because the world is more focused on preserving the environment. With the environmental costs of hazardous industrial chemicals, the organic acids’ industrial uses mentioned above are only some of the many applications available.
Organic Acids Market Segment Insights
Organic Acids Market Type Insights
The Type segment of the Global Organic Acids Market is divided into Aliphatic Organic Acids, Aromatic Organic Acids, and Heterocyclic Organic Acids. The Aliphatic Organic Acids segment dominated the market, holding the largest market share in 2023, and is likely to continue this trend throughout the forecast period. The wide range of applications of aliphatic organic acids in the food and beverage, pharmaceuticals, and personal care sectors is the primary reason for the dominance of the Aliphatic Organic Acids segment. For example, acetic acid, a type of aliphatic organic acid, is a food additive, preservative, and solvent and is also used in the manufacture of pharmaceuticals such as aspirin and ibuprofen.The second-largest segment, Aromatic Organic Acids, is expected to grow rapidly during the forecast period. Aromatic organic acids are used in the manufacture of plastics, resins, and dyes. The production of these uses is increasing, which bodes well for the growth of the Aromatic Organic Acids segment. For instance, terephthalic acid is an aromatic organic acid used to produce polyethylene terephthalate, which is used to make plastic bottles and containers. The smallest Heterocyclic Organic Acids segment is also expected to grow steadily during the forecast period.Heterocyclic organic acids are used in the manufacture of pharmaceuticals, agrochemicals, and dyes. The growing demand for these products should be conducive to the growth of the Heterocyclic Organic Acids segment. For instance, pyridine, a heterocyclic organic acid, is used in the production of pharmaceuticals such as niacin and Vitamin B6.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Organic Acids Market Application Insights
The most important market, which shapes the organic acids’ global market dynamics in the application segment, is food and beverage. According to the report, it will consummate almost 30.8% of revenue shares in 2023 in the global industry as a result of the growing demand for organic acids as food additives, preservatives, and flavor enhancers. Another significant market, which will consume approximately 26.5 in 2023 of revenue shares, is the pharmaceutical one. They are extensively used in the production of a variety of drugs, including antibiotics, anti-inflammatory drugs, and vitamins.The personal care segment will grow at a stable rate since the demand for cosmetic and toiletries production is growing, and the given acids are used as skin conditioning agents, preservatives, and pH adjusters. In addition, industrial organic acids applications may serve for the production of different types of plastics, textiles, and coatings.
Organic Acids Market Production Process Insights
Production Process is a crucial segment in the Global Organic Acids Market that influences market growth and industry dynamics. Chemical Synthesis is the dominant process, accounting for a significant share of the market in 2023. It involves the use of chemical reactions to produce organic acids from various feedstocks, offering cost-effective and efficient production. Biological fermentation is another key process, with a projected market value of USD 12.4 billion by 2032. It employs microorganisms to convert renewable resources into organic acids, providing sustainable and environmentally friendly solutions.Extraction, though a smaller segment, is gaining traction as it involves the isolation of organic acids from natural sources, catering to the growing demand for natural and organic products. Understanding these production processes and their respective market shares enables stakeholders to optimize production strategies, cater to evolving customer preferences, and drive innovation in the Global Organic Acids Market.
Organic Acids Market Molecular Weight Insights
The Global Organic Acids Market segmentation by Molecular Weight can be divided into Low Molecular Weight Organic Acids, Medium Molecular Weight Organic Acids and High Molecular Weight Organic Acids. Low Molecular Weight Organic Acids held the largest market share in 2023, accounting for over 45% of the Global Organic Acids Market revenue. The growth of this segment can be attributed to the increasing demand for low molecular weight organic acids in various applications such as food and beverage, pharmaceuticals, and personal care. Medium Molecular Weight Organic Acids are expected to witness a steady growth rate during the forecast period, owing to their increasing use in the chemical and industrial sectors.High Molecular Weight Organic Acids are expected to register a moderate growth rate during the forecast period, primarily driven by their demand in the manufacturing of plastics, adhesives, and coatings.
Organic Acids Market Source Insights
Plant-based sources dominated the Global Organic Acids Market revenue in 2023, accounting for over 55% share. The abundance of plant-based raw materials, such as sugarcane, corn, and wheat, has driven the growth of this segment. These sources are cost-effective and offer sustainable production methods, contributing to their widespread adoption. Animal-based sources, such as whey and meat extracts, held a significant market share of around 28% in 2023. The growing demand for organic acids in the food and beverage industry, particularly for meat preservation and flavor enhancement, has fueled the growth of this segment.Synthetic sources, which include chemical synthesis and fermentation, accounted for the remaining market share in 2023. The increasing demand for high-purity and consistent-quality organic acids in various industries, such as pharmaceuticals and personal care, has driven the growth of this segment. This growth will be driven by the increasing demand for organic acids in various end-use industries, such as food and beverage, pharmaceuticals, and personal care.
Organic Acids Market Regional Insights
The regional segmentation of the Global Organic Acids Market offers valuable insights into market growth dynamics across key geographic regions. North America is anticipated to lead the market by capturing a significant market share, owing to the increasing demand for organic acids in various end-use industries. Europe is projected to follow suit, driven by stringent environmental regulations and growing awareness about the benefits of organic acids in food preservation. APAC is expected to witness substantial growth, supported by a rapidly expanding food and beverage sector and rising disposable income.South America and MEA are projected to experience steady growth, driven by favorable government policies and increasing investments in infrastructure. The Global Organic Acids Market is expected to reach USD 92.66 billion by 2032, expanding at a CAGR of 5.76% from 2023 to 2032.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Organic Acids Market Key Players And Competitive Insights
Many organic acids market industry participants are focusing on constantly evolving and developing new and improved products and services to better their performance and ease of use. The expansion of footprints is mainly happening as these major competitors hold a strong capital base. Inorganic companies are sure to continue their dominance during the forecast period. BASF SE, along with its subsidiaries, is based in Germany and is a prime example of a notable participant. The company has a wide variety of organic acids for the market, like citric acid, lactic acid, and propionic acid. The company’s thirst for innovation has seen it develop sustainable production methods and have created bio-based solutions. BASF SE has manufacturing facilities in Europe, Asia, and the Americas and is highly unique in the fact that its strong presence exists worldwide. The production of organic acid is highly demanding and requires only high-quality and confident companies for production, and BASF SE recognizes that they have striven hard to become one of the most reliable suppliers to date.Corbion is another major participant in the market and is a global leader in providing bio-based chemicals. Their products range from lactic acid lactic acid derivatives to polylactic acid. The company places a strong emphasis of focusing on reducing the environmental impact of its products and derives most of its products from renewable sources. Their excellent technologies in fermentation and research and development have made them a strong player in the market.
Key Companies in the Organic Acids Market Include
- LANXESS
- Toray
- INVISTA
- Sumitomo Chemical
- SABIC
- Perstorp
- Nufarm
- Mitsubishi Chemical
- BASF
- Wacker Chemie
- Merck KGaA
- Eastman Chemical
- GEO Specialty Chemicals
- Solvay
- The Dow Chemical Company
Organic Acids Market Industry Developments
The global organic acids market is projected to reach USD 92.66 billion by 2032, exhibiting a CAGR of 5.76% during the forecast period. Increasing demand for organic acids in food and beverage, personal care, and pharmaceutical industries is driving market growth. Rising consumer awareness about the benefits of organic acids over synthetic ones is also contributing to market expansion.Recent news developments in the organic acids market include: In February 2023, BASF announced plans to invest €20 million in its citric acid production facility in Germany to meet growing demand from the food and beverage industry. In January 2023, Corbion acquired DMV International, a leading producer of lactic acid, to strengthen its position in the global organic acids market.Key market players include BASF, Cargill, Archer Daniels Midland Company, and Corbion.
Organic Acids Market Segmentation Insights
-
Organic Acids Market Type Outlook
- Aliphatic Organic Acids
- Aromatic Organic Acids
- Heterocyclic Organic Acids
-
Organic Acids Market Application Outlook
- Food and Beverage
- Pharmaceuticals
- Personal Care
- Industrial
-
Organic Acids Market Production Process Outlook
- Chemical Synthesis
- Biological Fermentation
- Extraction
-
Organic Acids Market Molecular Weight Outlook
- Low Molecular Weight Organic Acids
- Medium Molecular Weight Organic Acids
- High Molecular Weight Organic Acids
-
Organic Acids Market Source Outlook
- Plant-based
- Animal-based
- Synthetic
-
Organic Acids Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Report Attribute/Metric |
Details |
Market Size 2022 |
52.95(USD Billion) |
Market Size 2023 |
56.0(USD Billion) |
Market Size 2032 |
92.66(USD Billion) |
Compound Annual Growth Rate (CAGR) |
5.76% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
LANXESS, Toray, INVISTA, Sumitomo Chemical, SABIC, Perstorp, Nufarm, Mitsubishi Chemical, BASF, Wacker Chemie, Merck KGaA, Eastman Chemical, GEO Specialty Chemicals, Solvay, The Dow Chemical Company |
Segments Covered |
Type, Application, Production Process, Molecular Weight, Source, Regional |
Key Market Opportunities |
Demand from the food and beverage industry Rising consumer awareness of health Government regulations promoting organic Expansion into emerging markets Technological advancements in production |
Key Market Dynamics |
Rising demand from the food and beverage industry Growing application in pharmaceuticals Increasing consumer awareness of health benefits Surge in demand from emerging economies Government regulations supporting organic farming |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Organic Acids Market was valued at USD 56.0 billion in 2023 and is expected to reach a value of USD 92.66 billion by 2032, exhibiting a CAGR of 5.76% during the forecast period.
The Asia-Pacific region is expected to dominate the Global Organic Acids Market during the forecast period, owing to the increasing demand for organic acids in various applications such as food and beverage, pharmaceuticals, and personal care products.
The growth of the Global Organic Acids Market is primarily driven by the rising demand for organic and natural products, increasing awareness of the health benefits associated with organic acids, and the expanding applications of organic acids across various industries.
Organic acids find applications in various industries, including food and beverage, pharmaceuticals, personal care, and animal feed. They are used as preservatives, flavoring agents, acidulants, and chelating agents.
Some of the key competitors in the Global Organic Acids Market include BASF, Cargill, Archer Daniels Midland Company, Corbion, and Jungbunzlauer.
The Global Organic Acids Market faces challenges such as the availability and cost of raw materials, intense competition, and stringent regulatory requirements.
Emerging trends in the Global Organic Acids Market include the development of bio-based organic acids, the use of organic acids in sustainable applications, and the growing adoption of organic acids in developing countries.
The COVID-19 pandemic had a moderate impact on the Global Organic Acids Market. While some industries experienced a decline in demand, others witnessed a surge in demand for organic acids used in hygiene and cleaning products.
The future growth of the Global Organic Acids Market is expected to be driven by the increasing demand for organic and natural products, the growing adoption of organic acids in various applications, and the development of new technologies.
Key opportunities for the Global Organic Acids Market include the expansion into emerging markets, the development of innovative applications, and the adoption of sustainable practices.