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Organic Acid Market Outlook (2022 to 2032)

[350 Pages Report] The global organic acid market is expected to total US$ 11.3 Billion in 2022. Demand for organic acid is forecast to increase at a steady CAGR of 5.3% over the forecast period, with the organic acid market size reaching US$ 18.8 Billion by 2032.

The growing use of organic acids in the food and beverage sector is expected to bode well for the market. Besides this, increasing demand for organic acid substitutes will create opportunities for growth in the market over the forecast period.

Attribute Details
Organic Acid Market Size (2022E) US$ 11.3 Billion
Projected Size (2032F) US$ 18.8 Billion
Value-based CAGR (2022 to 2032) 5.3% CAGR
Top 3 Countries’ Market Share 32%

The organic acid market accounted for 10% of the total specialty chemical market in 2022. Consumer inclination toward a healthy lifestyle and the availability of functional foods and nutrient-rich ready-to-eat meals will drive sales of organic acids worldwide.

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2017 to 2021 Organic Acid Market Historic Outlook Vs 2022 to 2032 Forecast

Organic acids are typically utilized in food processing as they reduce antibacterial activity and offer high effectiveness against fungi, such as yeast. It aids in maintaining dietary acidification, and the pH level of ingested foods.

Dietary acidification with organic acid also improves environmental hygiene by avoiding microbial and fungal deterioration of animal feed. Owing to these factors the demand for organic acids is expected to rise at a 5.3% CAGR over the forecast period, in comparison to the 4.5% CAGR registered between 2017 to 2021.

Further, shifting consumer preference from synthetic additives to natural additives will drive sales in the market in the forthcoming years.

Organic Acid Market

Organic acids are found in high concentrations in animal, plant, and microbial elements. They are composed of groups of amides, esters, and peptides, and are covalently bonded by one or more carboxylic acid groups.

Organic acids of microbiological origin are often produced on a large industrial scale. Organic acid produced by microorganisms is seen as a viable way to obtain building block compounds from renewable carbon sources. Organic acid producers are focusing on developing innovative processes that are cost-effective to improve sales.

Which Factors Are Driving Sales Of Organic Acid?

Organic acids are increasingly being preferred due to their sustainable, biocompatible, and environmentally friendly nature. These acids have wide end-use applications in industries ranging from food and beverage to textile and pharmaceutical.

In the food industry, eatables manufactured generally have a short shelf life and must be preserved effectively so that they can be consumed even after some months of production. Organic acids, owing to their anti-bacterial properties, act as a preservative and play a key role in enhancing shelf life by eliminating any reaction between oxygen and food components.

Another factor driving the global organic acid market is the rapid development of the pharmaceutical industry. Acetic acid and citric acid are two common organic acids used in beverage preservation.

Organic acid like lactic acid is used in the textile industry for dyeing and finishing. They are used to neutralize dye and fix color to create great resolution. Owing to these factors demand organic acids is expected to rise in the market across the globe.

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Why Is Europe Considered A Lucrative Pocket For Organic Acid Market Players?

Chemically synthesized acids made from non-renewable sources pose a threat to the ecosystem. In order to keep a check on the emission of harmful gases, regulatory bodies have laid out strict restrictions prohibiting their usage.

This is expected to positively impact the growth of the Europe organic acid market. Regional players in the UK and Germany are investing in developing infrastructure to manufacture efficient organic acids from bio-based sources to fulfill the growing demand.

What Is The Impact Of COVID-19 On Organic Acid Market?

Covid-19 has adversely affected the organic acid industry. Disruption in the supply chain impacted the availability of raw materials to formulate acids which further led to the scarcity of final products in the market. Governments worldwide declared a complete lockdown which severely affected the availability of skilled professionals and hampered production.

The market is expected to recover from 2022 to 2023, exhibiting a year-on-year growth of 5% in 2022. As the economy bounces back, consumer consumption pattern is predicted to be changed significantly due to rising health concerns. Consumer preference for products made from organic acids is expected to rise due to the lack of chemical additives.

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Country-Wise Insights

What is Driving the USA's Organic Acid Market?

Surging Applications of Organic Lactic Acid in the USA Will Steer Growth

As per FMI, the US organic acid market is expected to reach a valuation of about US$ 2.1 Billion in 2022, which is approximately 24% of the global organic acid market.

In North America, the USA is expected to emerge as an attractive market due to the presence of leading companies manufacturing organic acid that ensures easy availability of the same. Emerging organic acids like biodegradable plastic, are also gaining traction due to their non-toxic and organic nature.

USA FDA approval of gluconic acid, citric acid, and various others as food additives are expected to boost the market. It is primarily used in the food & beverage and animal feed sectors. Due to its bio-degradable nature, companies are incorporating organic acids in the manufacturing of detergents as well.

Why is the India Organic Acids Market Considered Promising?

Manufacturers of Organic Acids in India are Launching Innovative Products

Asia Pacific is expected to generate many opportunities for the organic acid market during the forecast period. Upsurge in industrial sponsorships and government initiatives to foster research and development activities in India will aid the growth of the market.

Increasing awareness regarding the health benefits of organic acids in India is anticipated to drive sales, with the total valuation reaching US$ 1.07 Billion in 2022, which is approximately 18% of the global organic acid market.

Category-Wise Insights

Which is the Leading Application of Organic Acids?

Applications of Organic Acids in the Poultry and Farming Segment to Remain High

In terms of end-use application, sales of organic acids in the poultry and farming segment are projected to account for 30% of the total organic acid market share.

Due to the withdrawal of antibiotics from poultry distributors and the adoption of antibiotic-free birds (ABF), companies are seeking viable alternatives to antibiotics that have similar abilities. Antibiotics were shown to improve weight gain by reducing subclinical and clinical infection by reducing the presence of bacteria in the gastrointestinal tract (GIT).

They were responsible for reducing nutrient competition, and immune stimulation, diminishing the intestinal wall, and boosting nutrient digestibility. Many antibiotic substitute products alter the situation of the GIT, such as changing the bacterial infection, and pH of the GIT, to improve the health of poultry.

Organic acids are a promising option for reducing pathogenic bacteria and increasing food digestibility by altering the pH in the GI tract. This is expected to drive sales in this segment over the forecast period.

Why is the Demand for Citric Acid Increasing?

Sales of Citric Acid for Food Preservation Will Continue Gaining Traction

In terms of product type, demand for citric acid is anticipated to increase at a considerable pace over the forecast period. Citric acid is used as a preservative in processed food products as it is a safe ingredient without any chemical additives that prolongs the shelf life of products. Citric acid enables manufacturers to offer clean-label products along with food safety and affordability.

Competitive Landscape

Organic acid manufacturers are innovating new technologies and chemical formulations to offer products that do not contain any harmful contents that can damage health due to long-term consumption. Key manufacturers are developing new infrastructure and launching new products to stand out among the competition.

For instance:

  • In January 2020, BASF Invested in sustainable technology at Ludwigshafen Verbund Site, this will expand the production capacity by 50,000 metric tons to fulfill the rising demand for methane sulfonic acid which is a strong organic acid with a wide range of end-use applications in chemical and electronic industries.

Scope Of The Report

Attributes Details
Forecast Period 2022 to 2032
Historical Data Available for 2017 to 2021
Market Analysis US$ Billion for Value and Million. Sq. M. for Volume
Key Regions Covered North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa
Key Countries Covered The USA, Brazil, Mexico, Germany, the UK, China, India, Japan, Australia, and GCC Countries
Key Segments Covered Product Type, End Use Application, and Region
Key Companies Profiled
  • Koninklijke DSM N.V. (Netherlands)
  • Corbion N.V. (Netherlands)
  • Cargill (US)
  • BASF SE (Germany)
  • Myriant Corporation (USA)
  • Henan Jindan Lactic Acid Technology Co. Ltd (China)
  • the Dow Chemical Company (USA)
  • Eastman Chemical Company (USA)
  • Archer Daniels Midland Company (USA)
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Organic Acid Market By Category

By Product Type:

  • Acetic Acid
  • Formic Acid
  • Propionic Acid
  • Ascorbic Acid
  • Lactic Acid
  • Citric Acid
  • Gluconic Acid
  • Fumaric Acid
  • Malic Acid
  • Other Acids

By End-Use Application:

  • Poultry and Farming
  • Pharmaceuticals
  • Industrial
  • Food & Beverages

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Frequently Asked Questions

How much is the global organic acid market worth?

The global organic acid market is estimated to be worth over US$ 11.3 Billion by 2022.

What is the demand outlook forecast for the organic acid market?

The organic acids market is forecast to surpass US$ 18.8 Billion by the end of 2032.

At what rate did the demand for organic acid grow between 2027 to 2021?

Between 2017 and 2021, sales of organic acid grew at a 4.5% CAGR.

At what rate will organic acid demand grow in Europe?

The demand for organic acid market is expected to grow at 5.3% CAGR between 2022 and 2032.

What is the North America organic acid market outlook?

The North America organic acid market will grow at a 5.2% CAGR over the forecast period.

Table of Content

1. Executive Summary | Organic Acid Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Product Launches & Recent Developments

    3.4. Product Life Cycle Analysis

    3.5. Value Chain Analysis

        3.5.1. Supply Side Participants and Their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. % of Operating Margin Analysis

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyers

    3.6. Global Market - Pricing Analysis

        3.6.1. Price Point Assessment by Region

        3.6.2. Price Point Assessment by Product Type

        3.6.3. Price Forecast till 2032

        3.6.4. Factors Affecting Pricing

    3.7. Forecast Factors - Relevance & Impact

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. Packaging & Labelling Regulations

        3.9.2. Certifications and Certifying Agency Overview

        3.9.3. Import/Export Policies

    3.10. Regional Parent Market Outlook

    3.11. Consumers Survey Analysis

    3.12. Macro-Economic Factors

    3.13. Product Claims & Nutritional Information scanned by Buyers

4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032

    4.1. Historical Market Size Value (US$ Billion) & Volume (MT) Analysis, 2017 to 2021

    4.2. Current and Future Market Size Value (US$ Billion) & Volume (MT) Projections, 2022 to 2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Billion) & Volume (MT) Analysis By Product Type, 2017 to 2021

    5.3. Current and Future Market Size Value (US$ Billion) & Volume (MT) Analysis and Forecast By Product Type, 2022 to 2032

        5.3.1. Acetic Acid

        5.3.2. Formic Acid

        5.3.3. Proponic Acid

        5.3.4. Ascorbic Acid

        5.3.5. Lactic Acid

        5.3.6. Citric Acid

        5.3.7. Gluconic Acid

        5.3.8. Fumaric Acid

        5.3.9. Malic Acid

        5.3.10. Other Acids

    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2021

    5.5. Absolute $ Opportunity Analysis By Product Type, 2022 to 2032

6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-Use Application

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Billion) & Volume (MT) Analysis By End-Use Application, 2017 to 2021

    6.3. Current and Future Market Size Value (US$ Billion) & Volume (MT) Analysis and Forecast By End-Use Application, 2022 to 2032

        6.3.1. Poultry and Farming

        6.3.2. Pharmaceutical

        6.3.3. Industrial

        6.3.4. Food and Beverages

    6.4. Y-o-Y Growth Trend Analysis By End-Use Application, 2017 to 2021

    6.5. Absolute $ Opportunity Analysis By End-Use Application, 2022 to 2032

7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Billion) & Volume (MT) Analysis By Region, 2017 to 2021

    7.3. Current Market Size Value (US$ Billion) & Volume (MT) Analysis and Forecast By Region, 2022 to 2032

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. East Asia

        7.3.5. South Asia

        7.3.6. Oceania

        7.3.7. Middle East and Africa (MEA)

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    8.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021

    8.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032

        8.2.1. By Country

            8.2.1.1. United States of America

            8.2.1.2. Canada

        8.2.2. By Product Type

        8.2.3. By End-Use Application

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Product Type

        8.3.3. By End-Use Application

    8.4. Key Takeaways

9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    9.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021

    9.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Argentina

            9.2.1.4. Chile

            9.2.1.5. Peru

            9.2.1.6. Rest of Latin America

        9.2.2. By Product Type

        9.2.3. By End-Use Application

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Product Type

        9.3.3. By End-Use Application

    9.4. Key Takeaways

10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    10.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021

    10.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. Italy

            10.2.1.3. France

            10.2.1.4. United Kingdom

            10.2.1.5. Spain

            10.2.1.6. Russia

            10.2.1.7. BENELUX

            10.2.1.8. Poland

            10.2.1.9. Nordic Countries

            10.2.1.10. Rest of Europe

        10.2.2. By Product Type

        10.2.3. By End-Use Application

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Product Type

        10.3.3. By End-Use Application

    10.4. Key Takeaways

11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    11.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021

    11.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032

        11.2.1. By Country

            11.2.1.1. China

            11.2.1.2. Japan

            11.2.1.3. South Korea

        11.2.2. By Product Type

        11.2.3. By End-Use Application

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Product Type

        11.3.3. By End-Use Application

    11.4. Key Takeaways

12. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    12.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021

    12.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Thailand

            12.2.1.3. Malaysia

            12.2.1.4. Indonesia

            12.2.1.5. Rest of South Asia

        12.2.2. By Product Type

        12.2.3. By End-Use Application

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Product Type

        12.3.3. By End-Use Application

    12.4. Key Takeaways

13. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    13.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021

    13.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032

        13.2.1. By Country

            13.2.1.1. Australia

            13.2.1.2. New Zealand

        13.2.2. By Product Type

        13.2.3. By End-Use Application

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Product Type

        13.3.3. By End-Use Application

    13.4. Key Takeaways

14. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    14.1. Historical Market Size Value (US$ Billion) & Volume (MT) Trend Analysis By Market Taxonomy, 2017 to 2021

    14.2. Market Size Value (US$ Billion) & Volume (MT) Forecast By Market Taxonomy, 2022 to 2032

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. South Africa

            14.2.1.3. Central Africa

            14.2.1.4. North Africa

        14.2.2. By Product Type

        14.2.3. By End-Use Application

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Product Type

        14.3.3. By End-Use Application

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. United States of America

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2021

            15.1.2.1. By Product Type

            15.1.2.2. By End-Use Application

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2021

            15.2.2.1. By Product Type

            15.2.2.2. By End-Use Application

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2021

            15.3.2.1. By Product Type

            15.3.2.2. By End-Use Application

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2021

            15.4.2.1. By Product Type

            15.4.2.2. By End-Use Application

    15.5. Argentina

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2021

            15.5.2.1. By Product Type

            15.5.2.2. By End-Use Application

    15.6. Chile

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2021

            15.6.2.1. By Product Type

            15.6.2.2. By End-Use Application

    15.7. Peru

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2021

            15.7.2.1. By Product Type

            15.7.2.2. By End-Use Application

    15.8. Germany

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2021

            15.8.2.1. By Product Type

            15.8.2.2. By End-Use Application

    15.9. Italy

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2021

            15.9.2.1. By Product Type

            15.9.2.2. By End-Use Application

    15.10. France

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2021

            15.10.2.1. By Product Type

            15.10.2.2. By End-Use Application

    15.11. Spain

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2021

            15.11.2.1. By Product Type

            15.11.2.2. By End-Use Application

    15.12. United Kingdom

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2021

            15.12.2.1. By Product Type

            15.12.2.2. By End-Use Application

    15.13. Russia

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2021

            15.13.2.1. By Product Type

            15.13.2.2. By End-Use Application

    15.14. Poland

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2021

            15.14.2.1. By Product Type

            15.14.2.2. By End-Use Application

    15.15. BENELUX

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2021

            15.15.2.1. By Product Type

            15.15.2.2. By End-Use Application

    15.16. Nordic Countries

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2021

            15.16.2.1. By Product Type

            15.16.2.2. By End-Use Application

    15.17. China

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2021

            15.17.2.1. By Product Type

            15.17.2.2. By End-Use Application

    15.18. Japan

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2021

            15.18.2.1. By Product Type

            15.18.2.2. By End-Use Application

    15.19. South Korea

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2021

            15.19.2.1. By Product Type

            15.19.2.2. By End-Use Application

    15.20. India

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2021

            15.20.2.1. By Product Type

            15.20.2.2. By End-Use Application

    15.21. Thailand

        15.21.1. Pricing Analysis

        15.21.2. Market Share Analysis, 2021

            15.21.2.1. By Product Type

            15.21.2.2. By End-Use Application

    15.22. Indonesia

        15.22.1. Pricing Analysis

        15.22.2. Market Share Analysis, 2021

            15.22.2.1. By Product Type

            15.22.2.2. By End-Use Application

    15.23. Malaysia

        15.23.1. Pricing Analysis

        15.23.2. Market Share Analysis, 2021

            15.23.2.1. By Product Type

            15.23.2.2. By End-Use Application

    15.24. Singapore

        15.24.1. Pricing Analysis

        15.24.2. Market Share Analysis, 2021

            15.24.2.1. By Product Type

            15.24.2.2. By End-Use Application

    15.25. GCC Countries

        15.25.1. Pricing Analysis

        15.25.2. Market Share Analysis, 2021

            15.25.2.1. By Product Type

            15.25.2.2. By End-Use Application

    15.26. South Africa

        15.26.1. Pricing Analysis

        15.26.2. Market Share Analysis, 2021

            15.26.2.1. By Product Type

            15.26.2.2. By End-Use Application

    15.27. Central Africa

        15.27.1. Pricing Analysis

        15.27.2. Market Share Analysis, 2021

            15.27.2.1. By Product Type

            15.27.2.2. By End-Use Application

    15.28. North Africa

        15.28.1. Pricing Analysis

        15.28.2. Market Share Analysis, 2021

            15.28.2.1. By Product Type

            15.28.2.2. By End-Use Application

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Product Type

        16.3.3. By End-Use Application

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. Cargill

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

                17.1.1.5.2. Product Strategy

                17.1.1.5.3. Channel Strategy

        17.1.2. BASF SE

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

                17.1.2.5.2. Product Strategy

                17.1.2.5.3. Channel Strategy

        17.1.3. The Dow Chemical Company

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

                17.1.3.5.2. Product Strategy

                17.1.3.5.3. Channel Strategy

        17.1.4. Henan Jindan Lactic Acid Technology Co. Ltd

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

                17.1.4.5.2. Product Strategy

                17.1.4.5.3. Channel Strategy

        17.1.5. Archer Daniels Midland Company

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

                17.1.5.5.2. Product Strategy

                17.1.5.5.3. Channel Strategy

        17.1.6. Eastman Chemical Company

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

                17.1.6.5.2. Product Strategy

                17.1.6.5.3. Channel Strategy

        17.1.7. Myriant Corporation

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

                17.1.7.5.2. Product Strategy

                17.1.7.5.3. Channel Strategy

        17.1.8. Corbion N.V.

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

                17.1.8.5.2. Product Strategy

                17.1.8.5.3. Channel Strategy

        17.1.9. Koninklijke DSM N.V.

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

                17.1.9.5.2. Product Strategy

                17.1.9.5.3. Channel Strategy

        17.1.10. Tate and Lyle Plc.

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

                17.1.10.5.2. Product Strategy

                17.1.10.5.3. Channel Strategy

        17.1.11. E.I. DUPONT DE NEMOURS AND COMPANY

            17.1.11.1. Overview

            17.1.11.2. Product Portfolio

            17.1.11.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            17.1.11.4. Sales Footprint

            17.1.11.5. Strategy Overview

                17.1.11.5.1. Marketing Strategy

                17.1.11.5.2. Product Strategy

                17.1.11.5.3. Channel Strategy

        17.1.12. CALANESE CORPORATION

            17.1.12.1. Overview

            17.1.12.2. Product Portfolio

            17.1.12.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)

            17.1.12.4. Sales Footprint

            17.1.12.5. Strategy Overview

                17.1.12.5.1. Marketing Strategy

                17.1.12.5.2. Product Strategy

                17.1.12.5.3. Channel Strategy

        17.1.13. Others

18. Assumptions & Acronyms Used

19. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Billion) Forecast by Region, 2017 to 2032

Table 2: Global Market Volume (MT) Forecast by Region, 2017 to 2032

Table 3: Global Market Value (US$ Billion) Forecast by Product Type, 2017 to 2032

Table 4: Global Market Volume (MT) Forecast by Product Type, 2017 to 2032

Table 5: Global Market Value (US$ Billion) Forecast by End-Use Application, 2017 to 2032

Table 6: Global Market Volume (MT) Forecast by End-Use Application, 2017 to 2032

Table 7: North America Market Value (US$ Billion) Forecast by Country, 2017 to 2032

Table 8: North America Market Volume (MT) Forecast by Country, 2017 to 2032

Table 9: North America Market Value (US$ Billion) Forecast by Product Type, 2017 to 2032

Table 10: North America Market Volume (MT) Forecast by Product Type, 2017 to 2032

Table 11: North America Market Value (US$ Billion) Forecast by End-Use Application, 2017 to 2032

Table 12: North America Market Volume (MT) Forecast by End-Use Application, 2017 to 2032

Table 13: Latin America Market Value (US$ Billion) Forecast by Country, 2017 to 2032

Table 14: Latin America Market Volume (MT) Forecast by Country, 2017 to 2032

Table 15: Latin America Market Value (US$ Billion) Forecast by Product Type, 2017 to 2032

Table 16: Latin America Market Volume (MT) Forecast by Product Type, 2017 to 2032

Table 17: Latin America Market Value (US$ Billion) Forecast by End-Use Application, 2017 to 2032

Table 18: Latin America Market Volume (MT) Forecast by End-Use Application, 2017 to 2032

Table 19: Europe Market Value (US$ Billion) Forecast by Country, 2017 to 2032

Table 20: Europe Market Volume (MT) Forecast by Country, 2017 to 2032

Table 21: Europe Market Value (US$ Billion) Forecast by Product Type, 2017 to 2032

Table 22: Europe Market Volume (MT) Forecast by Product Type, 2017 to 2032

Table 23: Europe Market Value (US$ Billion) Forecast by End-Use Application, 2017 to 2032

Table 24: Europe Market Volume (MT) Forecast by End-Use Application, 2017 to 2032

Table 25: East Asia Market Value (US$ Billion) Forecast by Country, 2017 to 2032

Table 26: East Asia Market Volume (MT) Forecast by Country, 2017 to 2032

Table 27: East Asia Market Value (US$ Billion) Forecast by Product Type, 2017 to 2032

Table 28: East Asia Market Volume (MT) Forecast by Product Type, 2017 to 2032

Table 29: East Asia Market Value (US$ Billion) Forecast by End-Use Application, 2017 to 2032

Table 30: East Asia Market Volume (MT) Forecast by End-Use Application, 2017 to 2032

Table 31: South Asia Market Value (US$ Billion) Forecast by Country, 2017 to 2032

Table 32: South Asia Market Volume (MT) Forecast by Country, 2017 to 2032

Table 33: South Asia Market Value (US$ Billion) Forecast by Product Type, 2017 to 2032

Table 34: South Asia Market Volume (MT) Forecast by Product Type, 2017 to 2032

Table 35: South Asia Market Value (US$ Billion) Forecast by End-Use Application, 2017 to 2032

Table 36: South Asia Market Volume (MT) Forecast by End-Use Application, 2017 to 2032

Table 37: Oceania Market Value (US$ Billion) Forecast by Country, 2017 to 2032

Table 38: Oceania Market Volume (MT) Forecast by Country, 2017 to 2032

Table 39: Oceania Market Value (US$ Billion) Forecast by Product Type, 2017 to 2032

Table 40: Oceania Market Volume (MT) Forecast by Product Type, 2017 to 2032

Table 41: Oceania Market Value (US$ Billion) Forecast by End-Use Application, 2017 to 2032

Table 42: Oceania Market Volume (MT) Forecast by End-Use Application, 2017 to 2032

Table 43: MEA Market Value (US$ Billion) Forecast by Country, 2017 to 2032

Table 44: MEA Market Volume (MT) Forecast by Country, 2017 to 2032

Table 45: MEA Market Value (US$ Billion) Forecast by Product Type, 2017 to 2032

Table 46: MEA Market Volume (MT) Forecast by Product Type, 2017 to 2032

Table 47: MEA Market Value (US$ Billion) Forecast by End-Use Application, 2017 to 2032

Table 48: MEA Market Volume (MT) Forecast by End-Use Application, 2017 to 2032
Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ Billion) by Product Type, 2022 to 2032

Figure 2: Global Market Value (US$ Billion) by End-Use Application, 2022 to 2032

Figure 3: Global Market Value (US$ Billion) by Region, 2022 to 2032

Figure 4: Global Market Value (US$ Billion) Analysis by Region, 2017 to 2032

Figure 5: Global Market Volume (MT) Analysis by Region, 2017 to 2032

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032

Figure 8: Global Market Value (US$ Billion) Analysis by Product Type, 2017 to 2032

Figure 9: Global Market Volume (MT) Analysis by Product Type, 2017 to 2032

Figure 10: Global Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 11: Global Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 12: Global Market Value (US$ Billion) Analysis by End-Use Application, 2017 to 2032

Figure 13: Global Market Volume (MT) Analysis by End-Use Application, 2017 to 2032

Figure 14: Global Market Value Share (%) and BPS Analysis by End-Use Application, 2022 to 2032

Figure 15: Global Market Y-o-Y Growth (%) Projections by End-Use Application, 2022 to 2032

Figure 16: Global Market Attractiveness by Product Type, 2022 to 2032

Figure 17: Global Market Attractiveness by End-Use Application, 2022 to 2032

Figure 18: Global Market Attractiveness by Region, 2022 to 2032

Figure 19: North America Market Value (US$ Billion) by Product Type, 2022 to 2032

Figure 20: North America Market Value (US$ Billion) by End-Use Application, 2022 to 2032

Figure 21: North America Market Value (US$ Billion) by Country, 2022 to 2032

Figure 22: North America Market Value (US$ Billion) Analysis by Country, 2017 to 2032

Figure 23: North America Market Volume (MT) Analysis by Country, 2017 to 2032

Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 26: North America Market Value (US$ Billion) Analysis by Product Type, 2017 to 2032

Figure 27: North America Market Volume (MT) Analysis by Product Type, 2017 to 2032

Figure 28: North America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 29: North America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 30: North America Market Value (US$ Billion) Analysis by End-Use Application, 2017 to 2032

Figure 31: North America Market Volume (MT) Analysis by End-Use Application, 2017 to 2032

Figure 32: North America Market Value Share (%) and BPS Analysis by End-Use Application, 2022 to 2032

Figure 33: North America Market Y-o-Y Growth (%) Projections by End-Use Application, 2022 to 2032

Figure 34: North America Market Attractiveness by Product Type, 2022 to 2032

Figure 35: North America Market Attractiveness by End-Use Application, 2022 to 2032

Figure 36: North America Market Attractiveness by Country, 2022 to 2032

Figure 37: Latin America Market Value (US$ Billion) by Product Type, 2022 to 2032

Figure 38: Latin America Market Value (US$ Billion) by End-Use Application, 2022 to 2032

Figure 39: Latin America Market Value (US$ Billion) by Country, 2022 to 2032

Figure 40: Latin America Market Value (US$ Billion) Analysis by Country, 2017 to 2032

Figure 41: Latin America Market Volume (MT) Analysis by Country, 2017 to 2032

Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 44: Latin America Market Value (US$ Billion) Analysis by Product Type, 2017 to 2032

Figure 45: Latin America Market Volume (MT) Analysis by Product Type, 2017 to 2032

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 48: Latin America Market Value (US$ Billion) Analysis by End-Use Application, 2017 to 2032

Figure 49: Latin America Market Volume (MT) Analysis by End-Use Application, 2017 to 2032

Figure 50: Latin America Market Value Share (%) and BPS Analysis by End-Use Application, 2022 to 2032

Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End-Use Application, 2022 to 2032

Figure 52: Latin America Market Attractiveness by Product Type, 2022 to 2032

Figure 53: Latin America Market Attractiveness by End-Use Application, 2022 to 2032

Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032

Figure 55: Europe Market Value (US$ Billion) by Product Type, 2022 to 2032

Figure 56: Europe Market Value (US$ Billion) by End-Use Application, 2022 to 2032

Figure 57: Europe Market Value (US$ Billion) by Country, 2022 to 2032

Figure 58: Europe Market Value (US$ Billion) Analysis by Country, 2017 to 2032

Figure 59: Europe Market Volume (MT) Analysis by Country, 2017 to 2032

Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 62: Europe Market Value (US$ Billion) Analysis by Product Type, 2017 to 2032

Figure 63: Europe Market Volume (MT) Analysis by Product Type, 2017 to 2032

Figure 64: Europe Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 65: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 66: Europe Market Value (US$ Billion) Analysis by End-Use Application, 2017 to 2032

Figure 67: Europe Market Volume (MT) Analysis by End-Use Application, 2017 to 2032

Figure 68: Europe Market Value Share (%) and BPS Analysis by End-Use Application, 2022 to 2032

Figure 69: Europe Market Y-o-Y Growth (%) Projections by End-Use Application, 2022 to 2032

Figure 70: Europe Market Attractiveness by Product Type, 2022 to 2032

Figure 71: Europe Market Attractiveness by End-Use Application, 2022 to 2032

Figure 72: Europe Market Attractiveness by Country, 2022 to 2032

Figure 73: East Asia Market Value (US$ Billion) by Product Type, 2022 to 2032

Figure 74: East Asia Market Value (US$ Billion) by End-Use Application, 2022 to 2032

Figure 75: East Asia Market Value (US$ Billion) by Country, 2022 to 2032

Figure 76: East Asia Market Value (US$ Billion) Analysis by Country, 2017 to 2032

Figure 77: East Asia Market Volume (MT) Analysis by Country, 2017 to 2032

Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 80: East Asia Market Value (US$ Billion) Analysis by Product Type, 2017 to 2032

Figure 81: East Asia Market Volume (MT) Analysis by Product Type, 2017 to 2032

Figure 82: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 84: East Asia Market Value (US$ Billion) Analysis by End-Use Application, 2017 to 2032

Figure 85: East Asia Market Volume (MT) Analysis by End-Use Application, 2017 to 2032

Figure 86: East Asia Market Value Share (%) and BPS Analysis by End-Use Application, 2022 to 2032

Figure 87: East Asia Market Y-o-Y Growth (%) Projections by End-Use Application, 2022 to 2032

Figure 88: East Asia Market Attractiveness by Product Type, 2022 to 2032

Figure 89: East Asia Market Attractiveness by End-Use Application, 2022 to 2032

Figure 90: East Asia Market Attractiveness by Country, 2022 to 2032

Figure 91: South Asia Market Value (US$ Billion) by Product Type, 2022 to 2032

Figure 92: South Asia Market Value (US$ Billion) by End-Use Application, 2022 to 2032

Figure 93: South Asia Market Value (US$ Billion) by Country, 2022 to 2032

Figure 94: South Asia Market Value (US$ Billion) Analysis by Country, 2017 to 2032

Figure 95: South Asia Market Volume (MT) Analysis by Country, 2017 to 2032

Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 98: South Asia Market Value (US$ Billion) Analysis by Product Type, 2017 to 2032

Figure 99: South Asia Market Volume (MT) Analysis by Product Type, 2017 to 2032

Figure 100: South Asia Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 101: South Asia Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 102: South Asia Market Value (US$ Billion) Analysis by End-Use Application, 2017 to 2032

Figure 103: South Asia Market Volume (MT) Analysis by End-Use Application, 2017 to 2032

Figure 104: South Asia Market Value Share (%) and BPS Analysis by End-Use Application, 2022 to 2032

Figure 105: South Asia Market Y-o-Y Growth (%) Projections by End-Use Application, 2022 to 2032

Figure 106: South Asia Market Attractiveness by Product Type, 2022 to 2032

Figure 107: South Asia Market Attractiveness by End-Use Application, 2022 to 2032

Figure 108: South Asia Market Attractiveness by Country, 2022 to 2032

Figure 109: Oceania Market Value (US$ Billion) by Product Type, 2022 to 2032

Figure 110: Oceania Market Value (US$ Billion) by End-Use Application, 2022 to 2032

Figure 111: Oceania Market Value (US$ Billion) by Country, 2022 to 2032

Figure 112: Oceania Market Value (US$ Billion) Analysis by Country, 2017 to 2032

Figure 113: Oceania Market Volume (MT) Analysis by Country, 2017 to 2032

Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 116: Oceania Market Value (US$ Billion) Analysis by Product Type, 2017 to 2032

Figure 117: Oceania Market Volume (MT) Analysis by Product Type, 2017 to 2032

Figure 118: Oceania Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 119: Oceania Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 120: Oceania Market Value (US$ Billion) Analysis by End-Use Application, 2017 to 2032

Figure 121: Oceania Market Volume (MT) Analysis by End-Use Application, 2017 to 2032

Figure 122: Oceania Market Value Share (%) and BPS Analysis by End-Use Application, 2022 to 2032

Figure 123: Oceania Market Y-o-Y Growth (%) Projections by End-Use Application, 2022 to 2032

Figure 124: Oceania Market Attractiveness by Product Type, 2022 to 2032

Figure 125: Oceania Market Attractiveness by End-Use Application, 2022 to 2032

Figure 126: Oceania Market Attractiveness by Country, 2022 to 2032

Figure 127: MEA Market Value (US$ Billion) by Product Type, 2022 to 2032

Figure 128: MEA Market Value (US$ Billion) by End-Use Application, 2022 to 2032

Figure 129: MEA Market Value (US$ Billion) by Country, 2022 to 2032

Figure 130: MEA Market Value (US$ Billion) Analysis by Country, 2017 to 2032

Figure 131: MEA Market Volume (MT) Analysis by Country, 2017 to 2032

Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032

Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032

Figure 134: MEA Market Value (US$ Billion) Analysis by Product Type, 2017 to 2032

Figure 135: MEA Market Volume (MT) Analysis by Product Type, 2017 to 2032

Figure 136: MEA Market Value Share (%) and BPS Analysis by Product Type, 2022 to 2032

Figure 137: MEA Market Y-o-Y Growth (%) Projections by Product Type, 2022 to 2032

Figure 138: MEA Market Value (US$ Billion) Analysis by End-Use Application, 2017 to 2032

Figure 139: MEA Market Volume (MT) Analysis by End-Use Application, 2017 to 2032

Figure 140: MEA Market Value Share (%) and BPS Analysis by End-Use Application, 2022 to 2032

Figure 141: MEA Market Y-o-Y Growth (%) Projections by End-Use Application, 2022 to 2032

Figure 142: MEA Market Attractiveness by Product Type, 2022 to 2032

Figure 143: MEA Market Attractiveness by End-Use Application, 2022 to 2032

Figure 144: MEA Market Attractiveness by Country, 2022 to 2032

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