Market Size of Bio-Organic Acid Industry
| Study Period | 2019-2029 |
| Market Volume (2024) | 4.92 Million tons |
| Market Volume (2029) | 6.71 Million tons |
| CAGR (2024 - 2029) | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bio-Organic Acid Market Analysis
The Bio-Organic Acid Market size is estimated at 4.92 Million tons in 2024, and is expected to reach 6.71 Million tons by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market due to nationwide lockdowns, strict social distancing measures, and disruption in supply chains. These factors negatively affected the food and beverage, textile, and coating markets, thereby affecting the market for bio-organic acids. However, the market recovered well after the restrictions were lifted. The market recovered significantly, owing to the rise in consumption of bio-organic acids in food and beverage, textile, and coating end-user industries.
The stringent regulations over conventional organic acids and the growing demand for bio-based polymers in healthcare applications are expected to drive the market for bio-organic acids.
The higher production cost of bio-based chemicals is expected to hinder the growth of the market.
The shifting focus towards eco-friendly products is expected to create opportunities for the market during the forecast period.
The Asia-Pacific region is expected to dominate the market. It is also expected to register the highest CAGR during the forecast period due to rising demand for bio-organic acids in pharmaceuticals, textiles, coatings, and food products applications.
