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Organic Acids Market by Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Propionic Acid, Fumaric Acid & Others), Source (Biomass, Molasses, Starch & Chemical synthesis), Application (Industrial, Food & Feed), & by Region - Global Trend & Forecast to 2021

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Date: 31-May-2016
No. of pages: 135
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“Organic acids market is projected to grow at a CAGR of 6.0%”

The organic acids market is projected to reach USD 9.29 billion by 2021, at a CAGR of 6.0% from 2016 to 2021. The market is driven by factors such as wide areas of application across various industries, especially the growing F&B sector and R&D investments & technological innovations such as micro-encapsulation. The high growth potential in the Asian countries and untapped regions of the Latin American and African regions provide new growth opportunities for market players.

“Acetic acid leads the market with the largest share in 2015”

On the basis of type, the organic acids market was led by the acetic acid, followed by citric acid, formic acid, lactic acid, and others, in 2015.Acetic acid is used in wide areas of applications such as production of synthetic fibers and polymeric materials. It is largely used in food & beverage processing in the form of vinegar. The acid is largely consumed in China, the U.S., and most Western European countries.

“China and India: the future of the organic acids market”

China is the largest country to manufacture the organic acids in the world. The growth is driven by the less stringent regulations on manufacturing and trade in this country. The country also maintains a very large livestock population which requires high nutrition additives in feed. Moreover, in order to continue their lucrative trade ties with the European region, Chinese manufacturers of food and feed ingredients are increasingly using organic acids in their products. China is also estimated to be the leading market for acetic acid with many new facilities being set up for production, as the acid is an integral part in the manufacturing of vinyl, polyesters, and engineering plastics. The increased per-capita income and growth of many small and medium scale industries have been driving the Indian market. Hence, India is projected to grow at the highest CAGR during the forecast period.

Break-up of Primaries:


  • By Company Type - Tier 1 – 20%, Tier 2 – 35% and Tier 3 – 45%

  • By Designation – C level – 35%, Director level – 25%, Others – 40%

  • By Region – North America – 30%,Europe – 20%, Asia-Pacific - 45%, RoW – 5%


The leading players for the organic acids industry areCargill, Incorporated (U.S.), BASF SE (Germany), the Dow Chemical Company (U.S.), Tate & Lyle Plc (U.K.), E.I. du Pont de Nemours and Company (U.S.), Eastman Chemical Company (U.S.), Archer Daniels Midland Company (U.S.), Myriant Corporation (U.S.), Calanese Corporation (U.S.), and Henan Jindan Lactic Acid Technology Co. Ltd (China).

Reasons to buy this report:


  • To get a comprehensive overview of the global organic acids market

  • To gain wide ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them

  • To gain insights about the major countries/regions in which the organic acids market is flourishing.

Organic Acids Market by Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Propionic Acid, Fumaric Acid & Others), Source (Biomass, Molasses, Starch & Chemical synthesis), Application (Industrial, Food & Feed), & by Region - Global Trend & Forecast to 2021

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.1.1 By Type
1.3.1.2 By Source
1.3.1.3 By Application
1.3.1.4 By Region
1.3.2 Years Considered for the Study
1.4 Currency Considered
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.2.1 Breakdown of Primaries
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Analysis
2.2.2.1 Rising Population
2.2.2.1.1 Increase in Middle-Class Population, 2009–2030
2.2.2.2 Developing Economies, GDP (PPP), 2013
2.2.3 Supply-Side Analysis
2.2.3.1 Global Molasses Production, 2012/13
2.2.3.2 Research & Development on Organic Acids
2.2.3.2.1 Micro-Encapsulation
2.3 Market Size Estimation
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions
2.5.1 Assumptions
2.5.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 attractive Opportunities in the Organic Acids Market
4.2 Organic Acid Market, By Source
4.3 Organic Acid Market, By Industrial Application
4.4 Asia-Pacific Citric Acid Market, By Country
4.5 Life Cycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Type
5.2.2 By Source
5.2.3 By Region
5.2.4 By Application
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Wide Areas of Application
5.3.1.1.1 Growing Food & Beverage Industry
5.3.1.1.2 Significant Functionalities Across Various Industries
5.3.1.2 R&D and Technological Innovations
5.3.1.2.1 Micro-Encapsulation
5.3.2 Restraints
5.3.2.1 Raw Material Availability and Infrastructure & Technological Barriers
5.3.2.1.1 High Cost and Poor Supply Chain
5.3.3 Opportunities
5.3.3.1 Production of Organic Acids From Renewable Resources
5.3.3.2 Leniency in Regulatory Policy for Organic Acids
5.3.4 Challenges
5.3.4.1 Infrastructural Challenges in Developing Countries
5.3.4.2 Challenges Posed By Cheap Organic Acids Producing Companies

6 Industry Trends
6.1 Introduction
6.2 Supply Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Intensity of Competitive Rivalry
6.3.2 Bargaining Power of Buyers
6.3.3 Bargaining Power of Suppliers
6.3.4 Threat of Substitutes
6.3.5 Threat of New Entrants

7 Organic Acids Market, By Type
7.1 Introduction
7.2 Acetic Acid
7.3 Citric Acid
7.4 Formic Acid
7.5 Lactic Acid
7.6 Propionic Acid
7.7 Ascorbic Acid
7.8 Gluconic Acid
7.9 Fumaric Acid
7.10 Other Acids

8 Organic Acid, By Source
8.1 Introduction
8.2 Biomass
8.3 Molasses
8.4 Starch
8.5 Chemical Synthesis

9 Organic Acid Market, By Application
9.1 Introduction
9.2 Food
9.3 Feed
9.4 Industrial

10 Organic Acids Market, By Region
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 U.K.
10.3.4 Other European Countries
10.4 Asia-Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 Rest of Asia-Pacific
10.5 Rest of the World
10.5.1 Brazil
10.5.2 Others in RoW

11 Competitive Landscape
11.1 Overview
11.2 Competitive Situation & Trends
11.2.1 Acquisitions
11.2.2 Expansions & Investments
11.2.3 New Product Launches
11.2.4 Agreements/Joint Ventures/Collaborations

12 Company Profiles
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
12.1 Introduction
12.2 BASF SE
12.3 Cargill, Inc.
12.4 The DOW Chemical Company
12.5 E. I. Du Pont De Nemours and Company
12.6 Tate & Lyle PLC
12.7 Eastman Chemical Company
12.8 Myriant Corporation
12.9 Calanese Corporation
12.10 Henan Jindan Lactic Acid Technology Co. Ltd
12.11 Archer Daniels Midland Company

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports

List of Tables

Table 1 Middle-Class Population Increase Projection
Table 2 Functions of Few Organic Acids
Table 3 Organic Acids Market Size, By Type, 2014-2021 (USD Million)
Table 4 Organic Acids Market Size, By Type, 2014-2021 (Tons)
Table 5 Acetic Acid Market Size, By Region, 2014-2021 (USD Million)
Table 6 Acetic Acid Market Size, By Region, 2014-2021 (Tons)
Table 7 Citric Acid Market Size, By Region, 2014-2021 (USD Million)
Table 8 Citric Acid Market Size, By Region, 2014-2021 (Tons)
Table 9 Formic Acid Market Size, By Region, 2014-2021 (USD Million)
Table 10 Formic Acid Market Size, By Region, 2014-2021 (Tons)
Table 11 Lactic Acid Market Size, By Region, 2014-2021 (USD Million)
Table 12 Lactic Acid Market Size, By Region, 2014-2021 (Tons)
Table 13 Propionic Acid Market Size, By Region, 2014-2021 (USD Million)
Table 14 Propionic Acid Market Size, By Region, 2014-2021 (Tons)
Table 15 Ascorbic Acid Market Size, By Region, 2014-2021 (USD Million)
Table 16 Ascorbic Acid Market Size, By Region, 2014-2021 (Tons)
Table 17 Gluconic Acid Market Size, By Region, 2014-2021 (USD Million)
Table 18 Gluconic Acid Market Size, By Region, 2014-2021 (Tons)
Table 19 Fumaric Acid Market Size, By Region, 2014-2021 (USD Million)
Table 20 Fumaric Acid Market Size, By Region, 2014-2021 (Tons)
Table 21 Other Acids Market Size, By Region, 2014-2021 (USD Million)
Table 22 Other Acids Market Size, By Region, 2014-2021 (Tons)
Table 23 Organic Acids Market Size, By Source, 2014-2021 (USD Million)
Table 24 Organic Acids Market Size, By Source, 2014-2021 (Tons)
Table 25 Organic Acids Market Size, By Application, 2014–2021 (USD Million)
Table 26 Organic Acids Market Size, By Application, 2014–2021 (Tons)
Table 27 Organic Acids Market Size, By Region, 2014-2021 (USD Million)
Table 28 Organic Acids Market Size, By Region, 2014-2021 (Tonnes)
Table 29 North America: Acetic Acid Market Size, By Country, 2014-2021 (USD Million)
Table 30 North America: Acetic Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 31 North America: Citric Acid Market Size, By Country, 2014-2021 (USD Million)
Table 32 North America: Citric Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 33 North America: Formic Acid Market Size, By Country, 2014-2021 (USD Million)
Table 34 North America: Formic Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 35 North America: Lactic Acid Market Size, By Country, 2014-2021 (USD Million)
Table 36 North America: Lactic Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 37 North America: Propionic Acid Market Size, By Country, 2014-2021 (USD Million)
Table 38 North America: Propionic Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 39 North America: Ascorbic Acid Market Size, By Country, 2014-2021 (USD Million)
Table 40 North America: Ascorbic Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 41 North America: Gluconic Acid Market Size, By Country, 2014-2021 (USD Million)
Table 42 North America: Gluconic Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 43 North America: Fumaric Acid Market Size, By Country, 2014-2021 (USD Million)
Table 44 North America: Fumaric Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 45 North America: Other Acids Market Size, By Country, 2014-2021 (USD Million)
Table 46 North America: Other Acids Market Size, By Country, 2014-2021 (Tonnes)
Table 47 Europe: Acetic Acid Market Size, By Country, 2014-2021 (USD Million)
Table 48 Europe: Acetic Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 49 Europe: Citric Acid Market Size, By Country, 2014-2021 (USD Million)
Table 50 Europe: Citric Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 51 Europe: Formic Acid Market Size, By Country, 2014-2021 (USD Million)
Table 52 Europe: Formic Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 53 Europe: Lactic Acid Market Size, By Country, 2014-2021 (USD Million)
Table 54 Europe: Lactic Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 55 Europe: Propionic Acid Market Size, By Country, 2014-2021 (USD Million)
Table 56 Europe: Propionic Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 57 Europe: Ascorbic Acid Market Size, By Country, 2014-2021 (USD Million)
Table 58 Europe: Ascorbic Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 59 Europe: Gluconic Acid Market Size, By Country, 2014-2021 (USD Million)
Table 60 Europe: Gluconic Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 61 Europe: Fumaric Acid Market Size, By Country, 2014-2021 (USD Million)
Table 62 Europe: Fumaric Acid Market Size, By Country, 2014-2021 (Tonnes)
Table 63 Europe: Other Acids Market Size, By Country, 2014-2021 (USD Million)
Table 64 Europe: Other Acids Market Size, By Country, 2014-2021 (Tonnes)
Table 65 Asia-Pacific: Acetic Acid Market Size, By Country, 2014–2021 (USD Million)
Table 66 Asia-Pacific: Acetic Acid Market Size, By Country, 2014–2021 (Tons)
Table 67 Asia-Pacific: Citric Acid Market Size, By Country, 2014–2021 (USD Million)
Table 68 Asia-Pacific: Citric Acid Market Size, By Country, 2014–2021 (Tons)
Table 69 Asia-Pacific: Formic Acid Market Size, By Country, 2014–2021 (USD Million)
Table 70 Asia-Pacific: Formic Acid Market Size, By Country, 2014–2021 (Tons)
Table 71 Asia-Pacific: Lactic Acid Market Size, By Country, 2014–2021 (USD Million)
Table 72 Asia-Pacific: Lactic Acid Market Size, By Country, 2014–2021 (Tons)
Table 73 Asia-Pacific: Propionic Acid Market Size, By Country, 2014–2021 (USD Million)
Table 74 Asia-Pacific: Propionic Acid Market Size, By Country, 2014–2021 (Tons)
Table 75 Asia-Pacific: Ascorbic Acid Market Size, By Country, 2014–2021 (USD Million)
Table 76 Asia-Pacific: Ascorbic Acid Market Size, By Country, 2014–2021 (Tons)
Table 77 Asia-Pacific: Gluconic Acid Market Size, By Country, 2014–2021 (USD Million)
Table 78 Asia-Pacific: Gluconic Acid Market Size, By Country, 2014–2021 (Tons)
Table 79 Asia-Pacific: Fumaric Acid Market Size, By Country, 2014–2021 (USD Million)
Table 80 Asia-Pacific: Fumaric Acid Market Size, By Country, 2014–2021 (Tons)
Table 81 Asia-Pacific: Other Acids Market Size, By Country, 2014–2021 (USD Million)
Table 82 Asia-Pacific: Other Acids Market Size, By Country, 2014–2021 (Tons)
Table 83 RoW: Acetic Acid Market Size, By Country, 2014–2021 (USD Million)
Table 84 RoW: Acetic Acid Market Size, By Country, 2014–2021 (Tons)
Table 85 RoW: Citric Acid Market Size, By Country, 2014–2021 (USD Million)
Table 86 RoW: Citric Acid Market Size, By Country, 2014–2021 (Tons)
Table 87 RoW: Formic Acid Market Size, By Country, 2014–2021 (USD Million)
Table 88 RoW: Formic Acid Market Size, By Country, 2014–2021 (Tons)
Table 89 RoW: Lactic Acid Market Size, By Country, 2014–2021 (USD Million)
Table 90 RoW: Lactic Acid Market Size, By Country, 2014–2021 (Tons)
Table 91 RoW: Propionic Acid Market Size, By Country, 2014–2021 (USD Million)
Table 92 RoW: Propionic Acid Market Size, By Country, 2014–2021 (Tons)
Table 93 RoW: Ascorbic Acid Market Size, By Country, 2014–2021 (USD Million)
Table 94 RoW: Ascorbic Acid Market Size, By Country, 2014–2021 (Tons)
Table 95 RoW: Gluconic Acid Market Size, By Country, 2014–2021 (USD Million)
Table 96 RoW: Gluconic Acid Market Size, By Country, 2014–2021 (Tons)
Table 97 RoW: Fumaric Acid Market Size, By Country, 2014–2021 (USD Million)
Table 98 RoW: Fumaric Acid Market Size, By Country, 2014–2021 (Tons)
Table 99 RoW: Other Acids Market Size, By Country, 2014–2021 (USD Million)
Table 100 RoW: Other Acids Market Size, By Country, 2014–2021 (Tons)
Table 101 Acquisitions, 2012–2015
Table 102 Expansions, 2012–2015
Table 103 New Product Launches, 2012–2015
Table 104 Agreements/Joint Ventures/Collaborations, 2012–2015

List of Figures

Figure 1 Research Design
Figure 2 Global Population is Projected to Reach ~9.5 Billion By 2050
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 North America and Asia-Pacific are Projected to Be the Fastest-Growing Markets for the Global Organic Acids Market From 2016 to 2021
Figure 7 Organic Acids Market Snapshot, By Application, 2016 vs 2021 (USD Million)
Figure 8 Organic Acids Market Snapshot, By Source, 2016 vs 2021 (USD Million)
Figure 9 Key Players Adopted Expansions & Investments as the Key Strategies From 2012 to 2015
Figure 10 Increase in Areas of Application is Expected to Drive Growth in the Organic Acids Market From 2016 to 2021
Figure 11 Biomass Segment is Projected to Grow at Highest CAGR (2016-2021)
Figure 12 Industrial Segment is Projected to Be the Largest Segment Throughout the Forecast Period
Figure 13 China Accounted for Largest Share in the Asia-Pacific Citric Acid Market, 2016 to 2021
Figure 14 Asia-Pacific is Expected to Be in the High Growth Phase in the Coming Years
Figure 15 Wide Areas of Applications & Functionalities Drive the Growth of the Organic Acids Market
Figure 16 Supply Chain Analysis of the Organic Acids Industry
Figure 17 Porter’s Five Forces Analysis – Organic Acid Market
Figure 18 Regional Snapshot: Asia-Pacific Held the Largest Share for Organic Acids
Figure 19 North America Organic Acids Market Snapshot: U.S. Accounting for the Largest Share
Figure 20 European Organic Acids Market: Germany Accounting for the Largest Share
Figure 21 Asia-Pacific Organic Acid Market Snapshot
Figure 22 Expansions and Investments Were Preferred By Key Playersin the Last Five Years
Figure 23 Strengthening Market Presence Through Agreements & Expansions Between 2012 and 2015
Figure 24 Expansions and Investments: the Key Strategies, 2012–2015
Figure 25 Geographical Revenue Mix of Leading Market Players, 2015
Figure 26 BASF SE: Company Snapshot
Figure 27 BASF SE: SWOT Analysis
Figure 28 Cargill, Inc.: Business Overview
Figure 29 Cargill: SWOT Analysis
Figure 30 The DOW Chemical Company Snapshot
Figure 31 The DOW Chemical Company: SWOT Analysis
Figure 32 E.I. Du Pont De Nemours & Co: Business Overview
Figure 33 E.I. Du Pont De Nemours & Co: SWOT Analysis
Figure 34 Tate & Lyle: Company Snapshot
Figure 35 Tate & Lyle: SWOT Analysis
Figure 36 Eastman Chemical Company Snapshot
Figure 37 Calanese Corporation: Company Snapshot
Figure 38 Archer Daniels Midland Company Snapshot

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