New York, Aug. 22, 2019 (GLOBE NEWSWIRE) -- The rapid growth of the food and beverages industry, growing need for preservation ingredients, and heavy acid regulation requirements in varied products are key factors contributing to high CAGR of Organic Acids during forecast period.
According to the current analysis of Reports and Data, the global Organic Acids market was valued at USD 19.91 Billion in 2018 and is expected to reach USD 36.86 Billion by year 2026, at a CAGR of 8.0%. Organic acids have a wide scale of application in the industry. Synthetically produced organic acids are used as catalysts, surfactants and dyes popularly. Those that are produced by fermentation process of microorganisms are extensively used in various processes in the food and beverages industry. Organic acids market is expected to witness a favourable growth scenario in the Asia Pacific market as the region has an extensively increasing demand for food and beverages, which are an important application of organic acids.
The organic acids market is witnessing a comparative leniency in the regulatory and approval norms, which is pushing the market growth forward. These acids are finding increasing use in the pharmaceuticals and cosmetic industry, which is further pushing forward the market growth. The top companies in the organic acids market are mainly focusing on qualitative product improvements for efficient applicability in the related end-use segments.
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Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this study, Reports and Data have segmented the Organic Acids market on the basis of product type, source type, application, and region:
Product Type (Revenue, USD Million; 2016–2026)
Source Type (Revenue, USD Million; 2016–2026)
Application (Revenue, USD Million; 2016–2026)
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Regional Outlook (Revenue in USD Million; 2016–2026)
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