Organic Acids Market is expected to reach USD 20,232.6 million by 2022, at a CAGR of 7.1% during the forecast period of 2017 to 2022.
The global organic acids market is mainly segmented by type (acetic acid, citric acid, propionic acid, formic acid, lactic acid, ascorbic acid, fumaric acid, malic acid and others), by application (industrial and chemicals, food & beverages, animal feed & nutrition, pharmaceuticals, cosmetics and personal care, and agriculture).

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Organic acids have wide range of applications in industries such as consumer goods, food and beverage, pharmaceuticals, and chemicals. Currently, many of the world food purity laws stipulate that organics used in foods must be of biological origin. Hence, factors such as limited nature of fossil fuels, their increasing prices, global environmental concerns, increasing demand of bio based organic acids from various industries, and inexpensive production of bio based organic acids are increasingly leading manufactures to focus on bio based production of organic acids, thereby driving the growth of organic acids market across the globe.
The organic acids market is mainly driven by the growing use of organic acids in the wide range of applications, increasing focus on producing bio-based organic acids, growing use of dietary microencapsulated organic acids, and increasing demand from developing economies.

Geographically, the global organic acids market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analyzed at a country level with the detailed qualitative and quantitative analysis. Asia Pacific region accounted for the major share in the global organic acids market in 2016, followed by North America, and Europe. The region is also projected to grow at the fastest CAGR during the forecast period. The major share and fast growth of this region are mainly attributed to its growing economy, rapid industrialization, rural migration & urbanization, growing food and beverages, pharmaceutical, and animal feed industries; and increasing investments by the key players in the region.

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