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Bio Organic Acid Market Size, Industry Trends Report | 2030
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Bio Organic Acid Market Size, Industry Trends Report | 2030

Segments - Bio-organic Acid Market by Product Types (Bio Succinic Acid, Bio Adipic Acid, Bio Lactic Acid, Bio Acrylic Acid, Bio Acetic Acid, and Others), Raw Materials (Corn, Sugar, Biomass, Maize, and Others), Applications (Food, Textile, Polymers, Coatings, Healthcare, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

https://growthmarketreports.com/Riddhesh
Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-3981 | 4.6 Rating | 78 Reviews | 270 Pages | Format : PDF Excel PPT

Report Description


The global bio-organic acid market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rising demand for bio-based polymer in healthcare sector.

Global Bio Organic Acid Market Key Takeaways

Bio-organic acids are usually organic compounds with acidic properties, which are primarily used in the manufacture of various products such as coatings, polymers, cosmetics, food, and pharmaceuticals products. The most important classes of organic acids are namely acetic acid, citric acid, and formic acid. Organic acid is made up from renewable raw materials and these organic acids are weak acids in nature as it does not entirely dissolve in water when compared to mineral acids. Bio-organic acids such as lactic acid and formic acid are soluble in water; however, higher molecular weight organic acids such as benzoic acid are totally insoluble in neutral form. Bio-organic acids were conventionally produced by fermentation process but advancements in chemical synthesis and advances in biotechnology field can substitute the previous fermentation process. The acids are eco-friendly nature that make them main construction material in the petrochemical sector, which deals with various petrochemical products. These organic acids haves preservation features that aids in offering resistance to the growth of bacteria, microorganisms, and other pathogens. The organic acid also has some essential anti-oxidant properties, which is beneficial especially for the healthcare and food industries as the acid is key ingredient used to improve the taste of the food by controlling the acidic content. The bio-organic acids are supplemented in the animal feeds to avoid their disassociation in the intestine and in the crop.

The COVID-19 pandemic outbreak had negatively impacted the global bio-organic acid market. During the pandemic, emergency lockdown imposed by government body had forced to temporary shutdown of manufacturing and fermentation plants of organic acids as part of policies to curb the virus spread. As a result, the supply chain of raw material had been completely disrupted across the globe. The market is expected to recover soon with an uptrend operation due to subsiding COVID cases and manufacturing plants resuming their operations with limited workforce.

  • Growing use of bio-organic acids in various applications such as personal care products, food & beverages, and pharmaceuticals is one of the key factors driving the market.
  • Shifting focus of consumers towards the eco-friendly products is projected to boost the market during the forecast period.
  • High price of raw materials and manufacturing technology act as major challenges that can restrict the market growth in the coming years.
  • Rising concern regarding organic acid disorder is expected to hamper the market growth during the projected timeline.
  • Increasing R&D programs associated with bio-organic acids is anticipated to create significant growth opportunities for the market.

Scope of the Report

The report on the global bio-organic acid market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Bio-organic Acid Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Bio Succinic Acid, Bio Adipic Acid, Bio Lactic Acid, Bio Acrylic Acid, Bio Acetic Acid, and Others), Raw Materials (Corn, Sugar, Biomass, Maize, and Others), and Applications (Food, Textile, Polymers, Coatings, Healthcare, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

DSM N.V.; Cargill, Inc.; BASF SE; and Mitsubishi Chemical Corp.

Market Segment Insights

Bio lactic acid segment to grow at high CAGR

In terms of types, the market is divided into bio succinic acid, bio adipic acid, bio lactic acid, bio acrylic acid, bio acetic acid, and others. The bio lactic segment is estimated to expand at high CAGR during the forecast period owing to wide adoption of acid in pharmaceuticals and food & beverage sector. Furthermore, lactic acid is used as chemical intermediates in many industries, which is driving the segment growth further. On the other hand, the bio acetic acid segment is anticipated to register significant growth during the projected period attributed to rising usage of acetic acid for spraying on livestock silage for suppressing bacterial and fungal growth.

Corn segment to grow at rapid pace

Based on raw materials, the global bio-organic acid market is fragmented into corn, sugar, biomass, maize, and others. The corn segment is expected to grow at a rapid pace during the forecast period due to the increasing and easy availability of corn. Corn, as a major raw material, is one of the most preferable renewable source of energy for bio-organic acid production. However, the biomass segment is projected to expand at a substantial growth rate in the coming years attributed to the rising usage of biomass for their natural capacity for production of bio-organic acid.

Growing consumer demand drives the food segment

On the basis of applications, the market is segregated into food, textile, polymers, coatings, healthcare, and others. The food segment is projected to expand at robust growth rate during the forecast period due to the growing consumer demand for bio-organic acid fortified food & beverages for their antioxidant properties. Additionally, the addition of bio-organic acid in food products prevent the growth for microorganisms, which is another major driver of the segment. On the other hand, the textile segment is anticipated to expand at a substantial CAGR during the forecast period attributed to the rising need of toxicologically and environmentally safe acidic medium for the dyeing in the textile industry.

Global Bio Organic Acid Market Applications

North America to constitute a key market share

In terms of geography, the global bio-organic acid market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the easy availability of organic acid and presence of key global market players. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the increasing demand for bio-organic acid from healthcare, textile, and food & beverages sector. Moreover, the rising disposable income of consumers in the region presents another key driver of the regional market.

Segments

Segments Covered in the Report
The global bio-organic acid market has been segmented on the basis of

Types
  • Bio Succinic Acid
  • Bio Adipic Acid
  • Bio Lactic Acid
  • Bio Acrylic Acid
  • Bio Acetic Acid
  • Others
Raw Materials
  • Corn
  • Sugar
  • Biomass
  • Maize
  • Others
Applications
  • Food
  • Textile
  • Polymers
  • Coatings
  • Healthcare
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players

Competitive Landscape

Key players competing in the global bio-organic acid market are DSM N.V.; Cargill, Inc.; BASF SE; and Mitsubishi Chemical Corp. Companies are focusing on investment in R&D for development for advancements in packaging and delivery system of bio-organic acids to gain their competitive edge in the market. Companies have been widely engaged in collaborations, merger & acquisition, strategic partnership, and new product launch to boost their market share and acquire new buyers.

For instance, in March 2017, BASF, a Germany-based chemical producer company announced a launch of an innovative organic acid product, Lupro-Mix NA. Newly launched organic acid product was aimed to make animal drinking water safer by decreasing the growth of pathogens and improving acidification. On May 3, 2021, 3F Feed & Food, a Europe-based company focusing on the commercial and technical development of additives for human food and animal feed, was acquired by Eastman Chemical, a US-based chemical company. By this acquisition, 3F’s assets and business were projected to support and strengthen the growth of Eastman’s animal nourishment business across the globe and to become part of its functional products & additives segment.

Global Bio Organic Acid Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bio-organic Acid Market Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Bio-organic Acid Market Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Bio-organic Acid Market Market - Supply Chain
  4.5. Global Bio-organic Acid Market Market Forecast
     4.5.1. Bio-organic Acid Market Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Bio-organic Acid Market Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Bio-organic Acid Market Market Absolute $ Opportunity
5. Global Bio-organic Acid Market Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Bio-organic Acid Market Market Size and Volume Forecast by Types
     5.3.1. Bio Succinic Acid Bio Adipic Acid Bio Lactic Acid Bio Acrylic Acid Bio Acetic Acid Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Bio-organic Acid Market Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Bio-organic Acid Market Market Size and Volume Forecast by Applications
     6.3.1. Food Textile Polymers Coatings Healthcare Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Bio-organic Acid Market Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Bio-organic Acid Market Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Bio-organic Acid Market Demand Share Forecast, 2019-2026
8. North America Bio-organic Acid Market Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Bio-organic Acid Market Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Bio-organic Acid Market Market Size and Volume Forecast by Types
     8.4.1. Bio Succinic Acid Bio Adipic Acid Bio Lactic Acid Bio Acrylic Acid Bio Acetic Acid Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Bio-organic Acid Market Market Size and Volume Forecast by Applications
     8.7.1. Food Textile Polymers Coatings Healthcare Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Bio-organic Acid Market Demand Share Forecast, 2019-2026
9. Latin America Bio-organic Acid Market Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Bio-organic Acid Market Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Bio-organic Acid Market Market Size and Volume Forecast by Types
     9.4.1. Bio Succinic Acid Bio Adipic Acid Bio Lactic Acid Bio Acrylic Acid Bio Acetic Acid Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Bio-organic Acid Market Market Size and Volume Forecast by Applications
     9.7.1. Food Textile Polymers Coatings Healthcare Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Bio-organic Acid Market Demand Share Forecast, 2019-2026
10. Europe Bio-organic Acid Market Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Bio-organic Acid Market Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Bio-organic Acid Market Market Size and Volume Forecast by Types
     10.4.1. Bio Succinic Acid Bio Adipic Acid Bio Lactic Acid Bio Acrylic Acid Bio Acetic Acid Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Bio-organic Acid Market Market Size and Volume Forecast by Applications
     10.7.1. Food Textile Polymers Coatings Healthcare Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Bio-organic Acid Market Demand Share Forecast, 2019-2026
11. Asia Pacific Bio-organic Acid Market Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Bio-organic Acid Market Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Bio-organic Acid Market Market Size and Volume Forecast by Types
     11.4.1. Bio Succinic Acid Bio Adipic Acid Bio Lactic Acid Bio Acrylic Acid Bio Acetic Acid Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Bio-organic Acid Market Market Size and Volume Forecast by Applications
     11.7.1. Food Textile Polymers Coatings Healthcare Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Bio-organic Acid Market Demand Share Forecast, 2019-2026
12. Middle East & Africa Bio-organic Acid Market Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Bio-organic Acid Market Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Bio-organic Acid Market Market Size and Volume Forecast by Types
     12.4.1. Bio Succinic Acid Bio Adipic Acid Bio Lactic Acid Bio Acrylic Acid Bio Acetic Acid Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Bio-organic Acid Market Market Size and Volume Forecast by Applications
     12.7.1. Food Textile Polymers Coatings Healthcare Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Bio-organic Acid Market Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Bio-organic Acid Market Market: Market Share Analysis
  13.2. Bio-organic Acid Market Distributors and Customers
  13.3. Bio-organic Acid Market Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. DSM N.V. Cargill, Inc. BASF SE Mitsubishi Chemical Corp.

Methodology

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