Organic Acid Market | Industry Share, Trends & Growth (2022-27)

 

Market Overview

The global organic acid market is growing at a CAGR of 4.5% during the forecast period (2020 - 2025). 

  • The global market for organic acid is mainly driven by its rising application in packaged food due to its antioxidant properties, preservation, acidity regulation, flavor enhancement, and many others. High growth in the pharmaceutical industry is also fuelling demand for organic acids, due to its functional properties such as lactic acid is commonly used in the pharmaceutical industry. Further, the use of organic acid in the textile, feed and personal care industry is also remarkable. 

  • Asia-Pacific accounts for the largest share in the global market, followed by Europe, which is one of the regions that have a high potential for the growth of the organic acids market. North America is expected to witness comparatively slower growth as compared to other regions. 

Scope of the Report

The global organic acid market has been segmented by type into acetic acid, citric acid, lactic acid, and others; and by application into food & beverage, animal feed, pharmaceuticals, and others. Also, the study provides an analysis of the organic acid market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Read Full Report

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