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Organic Acids Market

Organic Acids Market

Organic Acids Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

173

Base Year:

2022

Date

Jan - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1178

Segments Covered
  • By Type By Type Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Propionic Acid, Ascorbic Acid, Gluconic Acid, Fumaric Acid
  • By Application By Application Food & Beverages, Feed, Pharmaceuticals, Industrial
  • By Region By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 11.64 Billion
Revenue 2030Revenue 2030: USD 18.29 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 5.80%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst

Research Methodology: Organic Acids Market by Type by Application by Region - Global Market Assessment, 2021 - 2028

Secondary Research

Primary Research:

During the primary research, several interviews were conducted with industry experts including CEOs, presidents, marketing executives, product development teams, and other such key executives from Organic Acids  industry. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview enables to gain first-hand information on global market size, regional and segmental trends, competitive landscape, industry impacting factors, and future market projection trends among others. 

Data Triangulation and Market Size Estimations

After procuring data from secondary and primary research, both bottom-up and top-down approaches were utilized to process the data and estimate and validate the global Organic Acids  market size. Moreover, the same approaches were employed to estimate the market size for each segment/region/country. Apart from that, the data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. All the market numbers i.e. percentage shares, segmental splits, breakdown of various numbers were determined from secondary sources and validated through extensive primary research before data triangulation.

 

FAQ
Frequently Asked Question
  • The global Organic Acids valued at USD 11.64 Billion in 2022 and is expected to reach USD 18.29 Billion in 2030 growing at a CAGR of 5.80%.

  • The prominent players in the market are Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Cargill (US), Henan Jindan Lactic Acid Technology Co. Ltd (China), the Dow Chemical Company (US), Archer Daniels Midland Company (U.S.), Myriant Corporation (U.S.), Eastman Chemical Company (U.S.), Corbion N.V. (Netherlands)..

  • The market is project to grow at a CAGR of 5.80% between 2023 and 2030.

  • The driving factors of the Organic Acids include

    • Growing Preference of Natural Preservatives and Stringent Government Regulations

  • Asia Pacific was the leading regional segment of the Organic Acids in 2022.