According to a new report, published by KBV research, The Global Organic Acids Market size is expected to reach $29.4 billion by 2030, rising at a market growth of 7.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 16,265.2 Kilo Tonnes, experiencing a growth of 6.0% (2019-2022).
The Food & Beverages segment is generating highest revenue in the Global Organic Acids Market by Application in 2022; thereby, achieving a market value of $11.5 billion by 2030. Organic acids, such as citric and lactic acid, are used as natural preservatives in food and beverages. They help extend the shelf life of products by inhibiting the growth of spoilage microorganisms and pathogens. Organic acids act as pH regulators in food and beverage formulations. They help control and adjust the acidity of products, ensuring the desired taste and texture. Lactic acid and other organic acids are used as dough conditioners in baking. They contribute to the development of desirable texture and structure in baked goods.
The Citric Acid segment is experiencing a CAGR of 6.4% during (2023 - 2030). Citric acid acts as a pH regulator, helping to control and stabilize the acidity or alkalinity of various products. Citric acid exhibits preservative and antioxidant properties, contributing to the extended shelf life of food and cosmetic products. Citric acid is a chelating agent, preventing metal ions from causing discoloration or flavor changes. Citric acid enhances the overall flavor profile of food and beverage products, contributing to a refreshing and tangy taste.
Full Report: https://www.kbvresearch.com/organic-acids-market/
The Asia Pacific region dominated the Global Organic Acids Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $12.0 billion by 2030. The North America region is anticipated to grow at a CAGR of 6.9% during (2023 - 2030). Additionally, The Europe region would witness a CAGR of 7.3% during (2023 - 2030).
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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