Market Size of Organic Acids Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.50 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Organic Acids Market Analysis
The globalorganic acidmarket is growing at a CAGR of 4.5% during the forecast period (2020 - 2025).
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Theglobalmarketfororganic acidis mainly driven byitsrisingapplication in packaged food due to its antioxidant properties, preservation, acidity regulation, flavor enhancement, and many others.High growth in the pharmaceutical industry is alsofuellingdemand 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.
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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.
