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Bio-Organic Acid Market Size (2024 - 2029)

The bio-organic acid market is projected to experience significant growth over the forecast period, driven by increased demand in various sectors such as food and beverage, textiles, and coatings. Despite the initial negative impact of the COVID-19 pandemic, the market has shown a robust recovery, supported by a shift towards eco-friendly products and stringent regulations on conventional organic acids. The Asia-Pacific region is anticipated to lead the market, benefiting from rising applications in pharmaceuticals and other industries. However, the higher production costs associated with bio-based chemicals may pose challenges to market expansion.

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Market Size of Bio-Organic Acid Industry

Bio-Organic Acid Market Summary
Study Period 2019 - 2029
Market Volume (2024) 4.92 Million tons
Market Volume (2029) 6.71 Million tons
CAGR (2024 - 2029) > 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Low

Major Players

Bio-Organic Acid Market Major Players

*Disclaimer: Major Players sorted in no particular order

Bio-Organic Acid Market Analysis

The Bio-Organic Acid Market size is estimated at 4.92 Million tons in 2024, and is expected to reach 6.71 Million tons by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).

The COVID-19 pandemic negatively impacted the market due to nationwide lockdowns, strict social distancing measures, and disruption in supply chains. These factors negatively affected the food and beverage, textile, and coating markets, thereby affecting the market for bio-organic acids. However, the market recovered well after the restrictions were lifted. The market recovered significantly, owing to the rise in consumption of bio-organic acids in food and beverage, textile, and coating end-user industries.

The stringent regulations over conventional organic acids and the growing demand for bio-based polymers in healthcare applications are expected to drive the market for bio-organic acids.

The higher production cost of bio-based chemicals is expected to hinder the growth of the market.

The shifting focus towards eco-friendly products is expected to create opportunities for the market during the forecast period.

The Asia-Pacific region is expected to dominate the market. It is also expected to register the highest CAGR during the forecast period due to rising demand for bio-organic acids in pharmaceuticals, textiles, coatings, and food products applications.

Bio-Organic Acid Industry Segmentation

Bio-based alternatives to organic acid are environmentally sustainable and economical compared to synthetic products. The bio-based organic acids are used in various applications such as pharmaceuticals, polymers, lubricating oil, food, cosmetics, solvents, oxygenated diesel fuel, coatings, and other products.

The bio-organic acid market is segmented by raw material, product type, application, and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). By raw material, the market is segmented into biomass, corn, maize, sugar, and other raw materials. By product type, the market is segmented into bio lactic acid, bio acetic acid, bio adipic acid, bio acrylic acid, bio succinic acid, and other product types (bio citric acid, bio fumaric acid, etc.). By application, the market is segmented into polymers, pharmaceuticals, textiles, coatings, food and beverages, and other applications (personal care, chemicals, etc.). The report also covers the market sizes and forecasts for the bio-organic acid market in 15 countries across the significant region.

For each segment, the market sizing and forecasts have been done based on volume (tons).

Raw Material
Biomass
Corn
Maize
Sugar
Other Raw Materials
Product Type
Bio Lactic Acid
Bio Acetic Acid
Bio Adipic Acid
Bio Acrylic Acid
Bio Succinic Acid
Other Product Types (Bio Citric Acid, Bio Fumaric Acid, etc.)
Application
Polymers
Pharmaceuticals
Textile
Coatings
Food and Beverage
Other Applications (Personal Care, Chemicals, etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Bio-Organic Acid Market Size Summary

The bio-organic acid market is poised for significant growth, driven by increasing demand across various end-user industries such as food and beverage, textiles, and coatings. The market experienced a downturn due to the COVID-19 pandemic, which disrupted supply chains and affected industries reliant on bio-organic acids. However, it has shown a robust recovery as restrictions eased, with a notable rise in consumption. The market is further propelled by stringent regulations on conventional organic acids and a growing preference for bio-based polymers, particularly in healthcare applications. Despite the higher production costs of bio-based chemicals posing a challenge, the shift towards eco-friendly products presents substantial opportunities for market expansion. The Asia-Pacific region is expected to lead the market, driven by burgeoning demand in pharmaceuticals, textiles, coatings, and food products.

The food and beverage sector is anticipated to dominate the bio-organic acid market, with significant usage in beverage, food, and feed production as acidic additives, preservatives, and flavor enhancers. North America and Europe, being major markets for food and beverages, are expected to contribute significantly to market growth. In the Asia-Pacific region, countries like China and India are witnessing robust growth in their food and beverage industries, further boosting the demand for bio-organic acids. Additionally, the pharmaceutical sector in India and the textile industry in China are also contributing to the market's expansion. The fragmented nature of the market sees major players like BASF SE, DSM, and Mitsubishi Chemical Corporation actively expanding their bio-based organic acid offerings to meet the rising demand for environmentally friendly solutions.

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Bio-Organic Acid Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Stringent Regulations Over Conventional Organic Acids

      2. 1.1.2 Growing Demand for Bio-based Polymer in Healthcare Applications

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Higher Production Cost of Bio-based Chemicals

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Raw Material

      1. 2.1.1 Biomass

      2. 2.1.2 Corn

      3. 2.1.3 Maize

      4. 2.1.4 Sugar

      5. 2.1.5 Other Raw Materials

    2. 2.2 Product Type

      1. 2.2.1 Bio Lactic Acid

      2. 2.2.2 Bio Acetic Acid

      3. 2.2.3 Bio Adipic Acid

      4. 2.2.4 Bio Acrylic Acid

      5. 2.2.5 Bio Succinic Acid

      6. 2.2.6 Other Product Types (Bio Citric Acid, Bio Fumaric Acid, etc.)

    3. 2.3 Application

      1. 2.3.1 Polymers

      2. 2.3.2 Pharmaceuticals

      3. 2.3.3 Textile

      4. 2.3.4 Coatings

      5. 2.3.5 Food and Beverage

      6. 2.3.6 Other Applications (Personal Care, Chemicals, etc.)

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle East and Africa

Bio-Organic Acid Market Size FAQs

The Bio-Organic Acid Market size is expected to reach 4.92 million tons in 2024 and grow at a CAGR of greater than 6% to reach 6.71 million tons by 2029.

In 2024, the Bio-Organic Acid Market size is expected to reach 4.92 million tons.

Bio-Organic Acid Market Report Snapshots

Bio-Organic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)