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Bio-Organic Acid Market Size, Share, Trends, Growth Outlook

Bio-Organic Acid Market Size, Share, Trends, Growth Outlook, and Opportunities to 2032- By Raw Material (Biomass, Corn, Maize, Sugar, Others), By Product (Bio Lactic Acid, Bio Acetic Acid, Bio Adipic Acid, Bio Acrylic Acid, Bio Succinic Acid, Others), By Application (Polymers, Pharmaceuticals, Textile, Coatings, Food and Beverage, Others), Countries and Companies Report

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  • |Published Month : October, 2024
  • |No. of Pages : 204

Global Bio-Organic Acid Market Size is valued at $18.6 Billion in 2024 and is forecast to register a growth rate (CAGR) of 5.3% to reach $28.1 Billion by 2032.

The global Bio-Organic Acid Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Raw Material (Biomass, Corn, Maize, Sugar, Others), By Product (Bio Lactic Acid, Bio Acetic Acid, Bio Adipic Acid, Bio Acrylic Acid, Bio Succinic Acid, Others), By Application (Polymers, Pharmaceuticals, Textile, Coatings, Food and Beverage, Others).

An Introduction to Bio-Organic Acid Market in 2024

Bio organic acids are organic compounds derived from renewable biomass sources such as sugars, starches, or lignocellulose in 2024. These acids are produced through fermentation or enzymatic processes using microorganisms or enzymes that convert biomass feedstocks into organic acids. Bio organic acids find applications in various industries, including food and beverage, pharmaceuticals, agriculture, and chemical manufacturing, where they serve as acidity regulators, preservatives, solvents, and building blocks for chemical synthesis. Examples of bio organic acids include citric acid, lactic acid, succinic acid, and fumaric acid, which are used in food and beverage production, pharmaceutical formulations, biodegradable plastics, and agricultural products. Bio organic acids offer environmental benefits such as reduced carbon footprint, biodegradability, and renewable sourcing compared to petroleum-based organic acids. With growing consumer demand for natural and sustainable products, bio organic acids are increasingly used as alternatives to synthetic additives and chemicals, driving the adoption of bio-based solutions and contributing to the transition towards a more sustainable and circular economy.

Bio-Organic Acid Market Competitive Landscape

The market report analyses the leading companies in the industry including Abengoa SA, ADM (Archer Daniels Midland), BASF SE, BioAmber Inc, Braskem SA, Cargill Inc, Corbion N.V., Genomatica Inc, GFBiochemicals Ltd., Koninklijke Cosun U.A., Mitsubishi Chemical Corp, NatureWorks LLC, Novozymes, PTT Global Chemical Public Company Ltd, Royal DSM N.V., and others.

Bio-Organic Acid Market Dynamics

Market Trend: Growing Demand for Sustainable Chemical Alternatives

A prominent trend in the bio organic acid market is the growing demand for sustainable chemical alternatives, driven by increasing environmental concerns, regulatory pressures, and consumer preferences for eco-friendly products. Bio organic acids, produced from renewable biomass sources such as sugars, starches, or lignocellulosic materials, offer a more environmentally friendly alternative to conventional organic acids derived from fossil fuels. This trend is reshaping various industries, including food and beverage, pharmaceuticals, agriculture, and cosmetics, with manufacturers increasingly adopting bio organic acids to meet sustainability goals and address market demand for greener and safer chemical solutions.

Market Driver: Regulatory Mandates and Corporate Sustainability Goals

The primary driver fueling the growth of the bio organic acid market is regulatory mandates and corporate sustainability goals promoting the use of renewable and biodegradable materials in chemical production. Governments worldwide are implementing policies and standards to reduce carbon emissions, minimize environmental impact, and encourage the adoption of bio-based chemicals as alternatives to traditional petroleum-derived chemicals. Additionally, many companies are setting ambitious sustainability targets and commitments to reduce their environmental footprint, driving the adoption of bio organic acids in various applications. As regulatory pressures and corporate sustainability initiatives intensify, the demand for bio organic acids is expected to continue rising, creating opportunities for market growth and innovation.

Market Opportunity: Diversification into New Applications and Markets

An emerging opportunity within the bio organic acid market lies in diversification into new applications and markets beyond traditional sectors. While bio organic acids are already widely used in food and beverage preservation, pharmaceutical synthesis, and agricultural formulations, there is untapped potential in sectors such as bioplastics, personal care products, and industrial chemicals. Bio organic acids offer advantages such as biodegradability, non-toxicity, and compatibility with green chemistry principles, making them suitable for a wide range of applications requiring sustainable and high-performance chemical solutions. By exploring new applications and addressing evolving customer needs, manufacturers of bio organic acids can capitalize on opportunities for market expansion, diversification, and revenue growth in emerging markets and industries, driving long-term sustainability and success.

Bio-Organic Acid Market Share Analysis: Biomass segment generated the highest revenue in 2024

The Biomass segment is the largest segment in the Bio-Organic Acid Market by Raw Material, owing to its wide availability and versatility as a feedstock for organic acid production. Biomass, which encompasses various organic materials derived from plants, agricultural residues, forestry residues, and organic waste, serves as a fundamental source for the production of bio-based organic acids. Its abundance and renewable nature make it an attractive option for bio-refineries seeking sustainable alternatives to fossil fuels and petrochemical feedstocks. Furthermore, advancements in biotechnology and biochemical engineering have enabled the efficient conversion of biomass into valuable organic acids through microbial fermentation and enzymatic processes. With growing concerns about environmental sustainability and the need to reduce carbon emissions, the utilization of biomass as a raw material for organic acid production aligns with the global shift towards a bio-based economy. As a result, the Biomass segment dominates the Bio-Organic Acid Market, driven by its inherent advantages in terms of availability, sustainability, and environmental friendliness.

Bio-Organic Acid Market Share Analysis: Bio Succinic Acid is poised to register the fastest CAGR over the forecast period

The Bio Succinic Acid segment is the fastest-growing segment in the Bio-Organic Acid Market by Product, primarily due to its versatility, eco-friendliness, and diverse application across various industries. Bio Succinic Acid, derived from renewable feedstocks such as biomass, corn, or sugar, serves as a key building block for the production of a wide range of bio-based chemicals, polymers, and materials. Its ability to substitute petroleum-based succinic acid in numerous applications, including bioplastics, polyurethanes, resins, and pharmaceuticals, has propelled its demand significantly. Moreover, increasing environmental concerns, stringent regulations promoting sustainable practices, and the rising preference for bio-based alternatives among consumers and industries have further accelerated the adoption of Bio Succinic Acid. With ongoing research and development efforts aimed at enhancing production efficiency and expanding its application scope, the Bio Succinic Acid segment is poised for robust growth in the coming years, driving innovation and sustainability across various sectors.

Bio-Organic Acid Market Share Analysis: Polymers segment generated the highest revenue in 2024

The Polymers segment stands out as the largest segment in the Bio-Organic Acid Market by Application, driven by its extensive use in various industries and applications. Bio-based organic acids, such as bio lactic acid, bio succinic acid, and bio acrylic acid, serve as essential raw materials for the production of biodegradable and sustainable polymers. With increasing environmental concerns and regulatory pressure to reduce reliance on fossil fuels and minimize carbon footprint, there has been a growing demand for bio-based polymers as alternatives to traditional petroleum-based polymers. These bio-based polymers find wide-ranging applications across industries such as packaging, textiles, automotive, construction, and consumer goods. Moreover, the rising consumer preference for eco-friendly and sustainable products has further propelled the demand for bio-based polymers, driving the growth of the Polymers segment in the Bio-Organic Acid Market. As research and development efforts continue to focus on improving the performance and scalability of bio-based polymer production processes, the segment is expected to maintain its dominant position in the market, contributing to the advancement of green chemistry and circular economy initiatives.

Bio-Organic Acid Market

By Raw Material
Biomass
Corn
Maize
Sugar
Others
By Product
Bio Lactic Acid
Bio Acetic Acid
Bio Adipic Acid
Bio Acrylic Acid
Bio Succinic Acid
Others
By Application
Polymers
Pharmaceuticals
Textile
Coatings
Food and Beverage
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Bio Organic Acid Companies Profiled in the Study

Abengoa SA
ADM (Archer Daniels Midland)
BASF SE
BioAmber Inc
Braskem SA
Cargill Inc
Corbion N.V.
Genomatica Inc
GFBiochemicals Ltd.
Koninklijke Cosun U.A.
Mitsubishi Chemical Corp
NatureWorks LLC
Novozymes
PTT Global Chemical Public Company Ltd
Royal DSM N.V.
*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Bio Organic Acid Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Bio Organic Acid Market Size Outlook, $ Million, 2021 to 2032
3.2 Bio Organic Acid Market Outlook by Type, $ Million, 2021 to 2032
3.3 Bio Organic Acid Market Outlook by Product, $ Million, 2021 to 2032
3.4 Bio Organic Acid Market Outlook by Application, $ Million, 2021 to 2032
3.5 Bio Organic Acid Market Outlook by Key Countries, $ Million, 2021 to 2032

4 Market Dynamics
4.1 Key Driving Forces of Bio Organic Acid Industry
4.2 Key Market Trends in Bio Organic Acid Industry
4.3 Potential Opportunities in Bio Organic Acid Industry
4.4 Key Challenges in Bio Organic Acid Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Bio Organic Acid Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Bio Organic Acid Market Outlook by Segments
7.1 Bio Organic Acid Market Outlook by Segments, $ Million, 2021- 2032
By Raw Material
Biomass
Corn
Maize
Sugar
Others
By Product
Bio Lactic Acid
Bio Acetic Acid
Bio Adipic Acid
Bio Acrylic Acid
Bio Succinic Acid
Others
By Application
Polymers
Pharmaceuticals
Textile
Coatings
Food and Beverage
Others

8 North America Bio Organic Acid Market Analysis and Outlook To 2032
8.1 Introduction to North America Bio Organic Acid Markets in 2024
8.2 North America Bio Organic Acid Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Bio Organic Acid Market size Outlook by Segments, 2021-2032
By Raw Material
Biomass
Corn
Maize
Sugar
Others
By Product
Bio Lactic Acid
Bio Acetic Acid
Bio Adipic Acid
Bio Acrylic Acid
Bio Succinic Acid
Others
By Application
Polymers
Pharmaceuticals
Textile
Coatings
Food and Beverage
Others

9 Europe Bio Organic Acid Market Analysis and Outlook To 2032
9.1 Introduction to Europe Bio Organic Acid Markets in 2024
9.2 Europe Bio Organic Acid Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Bio Organic Acid Market Size Outlook by Segments, 2021-2032
By Raw Material
Biomass
Corn
Maize
Sugar
Others
By Product
Bio Lactic Acid
Bio Acetic Acid
Bio Adipic Acid
Bio Acrylic Acid
Bio Succinic Acid
Others
By Application
Polymers
Pharmaceuticals
Textile
Coatings
Food and Beverage
Others

10 Asia Pacific Bio Organic Acid Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Bio Organic Acid Markets in 2024
10.2 Asia Pacific Bio Organic Acid Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Bio Organic Acid Market size Outlook by Segments, 2021-2032
By Raw Material
Biomass
Corn
Maize
Sugar
Others
By Product
Bio Lactic Acid
Bio Acetic Acid
Bio Adipic Acid
Bio Acrylic Acid
Bio Succinic Acid
Others
By Application
Polymers
Pharmaceuticals
Textile
Coatings
Food and Beverage
Others

11 South America Bio Organic Acid Market Analysis and Outlook To 2032
11.1 Introduction to South America Bio Organic Acid Markets in 2024
11.2 South America Bio Organic Acid Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Bio Organic Acid Market size Outlook by Segments, 2021-2032
By Raw Material
Biomass
Corn
Maize
Sugar
Others
By Product
Bio Lactic Acid
Bio Acetic Acid
Bio Adipic Acid
Bio Acrylic Acid
Bio Succinic Acid
Others
By Application
Polymers
Pharmaceuticals
Textile
Coatings
Food and Beverage
Others

12 Middle East and Africa Bio Organic Acid Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Bio Organic Acid Markets in 2024
12.2 Middle East and Africa Bio Organic Acid Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Bio Organic Acid Market size Outlook by Segments, 2021-2032
By Raw Material
Biomass
Corn
Maize
Sugar
Others
By Product
Bio Lactic Acid
Bio Acetic Acid
Bio Adipic Acid
Bio Acrylic Acid
Bio Succinic Acid
Others
By Application
Polymers
Pharmaceuticals
Textile
Coatings
Food and Beverage
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Abengoa SA
ADM (Archer Daniels Midland)
BASF SE
BioAmber Inc
Braskem SA
Cargill Inc
Corbion N.V.
Genomatica Inc
GFBiochemicals Ltd.
Koninklijke Cosun U.A.
Mitsubishi Chemical Corp
NatureWorks LLC
Novozymes
PTT Global Chemical Public Company Ltd
Royal DSM N.V.

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Raw Material
Biomass
Corn
Maize
Sugar
Others
By Product
Bio Lactic Acid
Bio Acetic Acid
Bio Adipic Acid
Bio Acrylic Acid
Bio Succinic Acid
Others
By Application
Polymers
Pharmaceuticals
Textile
Coatings
Food and Beverage
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Frequently Asked Questions