Global Bio-Organic Acid Market Research Report 2024(Status and Outlook)

Global Bio-Organic Acid Market Research Report 2024(Status and Outlook)

Report Overview

Organic acids, which usually contain at least one carboxyl group, are highly versatile compounds with a wide range of applications for industries such as consumer goods, food and beverage, pharmaceuticals, and chemicals. They are produced either from petroleum-based feedstock through multi-step chemical synthesis or from renewable resources via microbial biosynthesis. Bio-organic acid refer to organic acids produced by microbial biosynthesis.

Bio organic acids are traditionally used in the food industry, majorly used as preservatives. They are also used in feeds, pharmaceuticals and in chemical synthesizing processes. In the feed industry, they are used as an antimicrobial to eliminate pathogens. Surprisingly, organic acids are used in plastic making, tanning, textiles, paper, metal, insecticide, lubricant and cosmetic manufacturing industries. In the plastic industry, they are used to make the base resin and filler materials.

The global Bio-Organic Acid market size is projected to reach US$ 7133.51 Million by 2028, from US$ 4487.93 million in 2021, at a CAGR of 6.49% during 2022-2028. base method synthesis. Growing environmental concerns are driving the growth of this market. Since synthetic variants of organic acids are produced from non-renewable resources, they are harmful to the environment. The biotechnology manufacturing process produces very little toxic waste. Furthermore, organic acids produced from renewable resources have similar chemical properties compared to organic acids from traditional sources. These organic acids are used as building blocks in the production of many specialty and commodity chemicals.

In the food industry, edible foods produced often have a short shelf life and must be preserved efficiently so that they can be eaten even after several months of production. Organic acids, due to their antimicrobial properties, act as preservatives and play a key role in extending shelf life by eliminating any reaction between oxygen and food ingredients. Due to busy schedules and hectic lifestyles, consumers have an increasing demand for ready-to-eat (RTE) foods manufactured using organic acids to prevent bacterial growth. Food and beverage manufacturers are increasingly adopting organic acids as antioxidants, which is one of the important driving factors for the growth of the bio-based organic acids market.

Additionally, the bio-based organic acids market is also driven by stringent environmental regulations imposed by various regulatory agencies on conventional organic acid producers. Factors such as the textile industry, the pharmaceutical industry, and the demand for organic acids in personal care products are also driving the development of the bio-based organic acids market.

Public perception of genetic modification and biotechnology needs to improve. Products derived from these processes need to be considered natural and green. Implementing green content guidelines and regulations will help. Innovative approaches to project financing need to be developed, including private/public partnerships and incentives. However, the basics of product marketing still apply. It is economically difficult to replace long-established production chains with direct products. The best incentive is to produce a product with superior performance at an attractive price.

In the long term, it is clear that bio-based organic acids will play an important role in efforts to better utilize biomass as a source of fuels and chemicals. Getting to this point will be a very complex project. This will require collaboration between a variety of experts versed in biological and chemical processes, as well as financing, scaling up, production and regulation.

Segment by Type, the Bio-Organic Acid can be split into Bio Citric Acid, Bio Lactic Acid, etc. Across all segments, Bio Citric Acid dominates the overall market and has captured 37.17% of the market in 2021 share. Bio Citric Acid has important biomedical applications and also acts as a disinfectant against many viruses. During the forecast period 2022-2028, we estimate the market size of Bio Lactic Acid to grow at the highest CAGR of 9.14%.

According to the application scenarios, the Bio-Organic Acid can be divided into three main departments: Food & Beverage, Industrial, Pharmaceuticals & Personal Care. The increasing use of organic acids by manufacturers to counteract pathogens in food will drive the demand for organic acids in the food & beverage industry. The application of organic acids in the food & beverage industry is expected to witness strong growth in the coming years owing to the expansion of the global food & beverage industry. In 2021, the market share of the Food & Beverage sector has reached 55.28%, becoming the most important segment.

On basis of geography, the Bio-Organic Acid market is segmented into North America, Europe, Asia-Pacific, South America, Middle East and Africa, etc. Asia-Pacific is both the largest regional market for Bio-Organic Acid globally during the forecast period Will represent the fastest growing regional market. According to our inference, the Asia-Pacific region has already accounted for 36.09% of the market share in 2021, and its market size will reach a CAGR of 9.58% during the forecast period. Rising demand from the healthcare, food & beverage, and textile industries in countries such as China, India, Thailand, and South Korea, in turn, presents excellent opportunities for the bio-organic acids market to continue growing rapidly.

Currently, the global bio-based organic acids market has low market concentration and intense competition. In 2021, the indicators CR5 and HHI we use to measure the degree of market concentration are 33.54% and 2.34% respectively. Major players in the global bio-based organic acids market include DSM, Corbion, NatureWorks, Weifang Ensign Industry Co., Ltd., TTCA Co., Ltd, Fuso Chemical, Cofco Biochemical Co., Ltd., RZBC Group Co. Ltd., Henan Jindan Lactic Acid Technology, China BBCA Group, Thirumalai Chemicals, Polynt SpA, Cargill, Jungbunzlauer Suisse AG, Galactic, Isegen, Bartek, Sealong Biotechnology, Yongsan Chemicals, Changmao Biochemical Engineering, Jinhu Lile Biotechnology LC, GC Innovation America, LCY Biosciences.

This report provides a deep insight into the global Bio-Organic Acid market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Bio-Organic Acid Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Bio-Organic Acid market in any manner.

Global Bio-Organic Acid Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

DSM

Corbion

NatureWorks

Weifang Ensign Industry Co., Ltd.

TTCA Co., Ltd

Fuso Chemical

Cofco Biochemical Co., Ltd.

RZBC Group Co. Ltd.

Henan Jindan Lactic Acid Technology

China BBCA Group

Thirumalai Chemicals

Polynt SpA

Cargill

Jungbunzlauer Suisse AG

Galactic

Isegen

Bartek

Sealong Biotechnology

Yongsan Chemicals

Changmao Biochemical Engineering

Jinhu Lile Biotechnology

GC Innovation America

LCY Biosciences（BioAmber）

Market Segmentation (by Type)

Bio Citric Acid

Bio Lactic Acid

Bio Acetic Acid

Bio Ascorbic Acid

Bio Gluconic Acid

Bio Malic Acid

Other

Market Segmentation (by Application)

Food & Beverage

Industrial

Pharmaceuticals & Personal Care

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Bio-Organic Acid Market

Overview of the regional outlook of the Bio-Organic Acid Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

6-month post-sales analyst support

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Bio-Organic Acid Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.