Organic Acids Market by Type (Citric Acid, Lactic Acid, Tartaric Acid, Acetic Acid, Others (Benzoic, Malic, others), by Application (Food, Beverage, Pharmaceutical, Textile, Adhesive, Others (Animal Feed, Petrochemical, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Organic Acids Market size was valued at USD 4.23 USD Billion in 2023 and is projected to reach USD 7.02 USD Billion by 2032, exhibiting a CAGR of 7.5 % during the forecast period. Organic acids are a diverse group of carbon-containing compounds characterized by the presence of one or more carboxyl groups (-COOH). These acids can be classified into several types: monocarboxylic acids (such as acetic and formic acids), dicarboxylic acids (like oxalic and malonic acids), and tricarboxylic acids (including citric and tartaric acids). They are notable for their ability to donate protons, which imparts acidic properties. Organic acids are used extensively across industries: in the food sector as preservatives and flavor enhancers, in pharmaceuticals for drug formulation, in agriculture as soil conditioners, and in the chemical industry for the synthesis of polymers and resins. Their reactivity and versatility make them integral to various industrial and biotechnological applications.
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Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.5% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.5% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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