The organic acids market is estimated to be valued at USD 8.72 billion in 2017 and is projected to reach USD 11.39 billion by 2022, at a CAGR of 5.48%. The organic acids market is experiencing strong growth, which is mainly attributed to the rise in demand from its end-user applications in the biodegradable polymer, pharmaceutical, and personal care industries. Organic acids act as antioxidants, emulsifiers, acidulants, flavor enhancers, and preservatives. Furthermore, increased usage of organic acids in animal feed as a substitute of antibiotic growth promoters (AGP) is another factor that is expected to drive the market for organic acids during the forecast period.

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Target Audience:

• Manufacturers, importers & exporters, traders, distributors, and suppliers of organic acids
• Food and feed experts
• Raw material producers
• R&D institutions
• Traders & retailers
• Distributors, importers, and exporters
• Regulatory bodies
  • Organizations such as Food and Agriculture Organization (FAO), the Food and Drug Administration (FDA), United States Department of Agriculture (USDA), European Food Safety Authority (EFSA), and Food Safety Australia and New Zealand (FSANZ)
  • Government agencies

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.

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The major restraining factor for the organic acid is the raw material price & availability and infrastructural & technological barriers, coupled with the high cost and poor supply chain. Production costs increase significantly due to higher costs of raw materials, transport, energy, and chemicals, which leads to an increase in prices; these, in turn, impact the margins for manufacturers.

Companies such as E. I. du Pont de Nemours and Company (U.S.) and BASF SE (Germany) have acquired leading market position with their broad portfolio, catering to the varied requirements of the market, along with a focus on the diverse end-user segments. Cargill (U.S.), BASF SE (Germany), The Dow Chemical Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), Henan Jindan Lactic Acid Technology Co., Ltd (China), Myriant Corporation (U.S.), Archer Daniels Midland Company (U.S.), and Eastman Chemical Company (U.S.) are the major players in the organic acids market. Innovative new product launches, acquisitions, joint ventures, expansions, partnerships, and agreements were the key strategies adopted by these players to enhance their product offerings and capture a larger market share, which has thus increased the demand for organic acids market.