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Organic acids have been used for years as popular food and beverage additives in the worldwide food processing industry.
Some organic acid variants are also used complementary functions dissemination of food borne pathogens and reducing microbial contaminations.According to a recent study, the global market for organic acids is expected to result in a steady CAGR of approximately 5 per cent which is expected to hold through the forecast period till 2027.
This rising use of organic acid is attributed to extensive use for pharmaceutical product developments in addition to the processed food and beverage industries, which is augmented further by niche applications in chemical processing, detergent production, animal feed, and cosmetics.Niche Applications of Bio-based Organic Acids Creates Lucrative OpportunitiesAside from the primary applications in the food and beverage industry, organic acids find widespread applications for a number of niche end use industries ranging from consumer goods, coatings, textiles, feed, adhesives, and sealants among others.For a large number of these applications, acetic acid can account for a majority of such sales.
Further, formic acid finds use in applications such as the tanning of leather, drilling oil and also as an ingredient in deicing materials.Interested market participants and readers can peruse the global market organic acids market report to get insights into and evaluation of:Key growth drivers and restraints, trends and opportunities, and major challenges influencing the adoption rate of offerings by various players in the organic acids marketMajor research and product development projectsPromising technologies and favorable regulations in key regionsSegments that will lose or gain shares in the next few yearsValue chain of key vendors and manufacturersThe organic acids market report provides estimations and the market sizing and prospects of various regions.
To this end, the study segments the organic acids market on the following product types:Acetic AcidFormic AcidLactic AcidCitric AcidPropionic acidAscorbic acid OrganicGluconic acidFumaric acidMalic acidStringent regulations relevant to environment protection has been a key factor behind the development and production of existing organic acid sourced from renewable and natural sources.
The demand to improve bio refining processes has also played a major role in the growth of organic acid manufacturers.This trend is a key reason why bio-based succinic acid has rapidly replaced conventional succinic acid sourced out of petroleum, which has also resulted in the growth of the biodegradable plastic production.
San Francisco, 16 June 2020 — “White Biotechnology Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2027” The global White Biotechnology Market size is expected to value at USD 487.08 billion by 2024.
The market is subject to witness a substantial growth due to the rise in adoption of White Biotechnology for production of various biofuels like bioethanol and biodiesel.
In addition, white biotechnology plays a vital role during production of essential chemical products such as organic acids, amino acids, ethanol and various types of vitamins, thus propelling the market growth in the recent years.
Globally, the white biotechnology industry is predicted to grow at CAGR of 10.2% in forecast period, providing numerous opportunities for market players to invest in research and development of the white biotechnology sector.
Get a Free Sample Copy of Report @ https://www.millioninsights.com/industry-reports/white-biotechnology-market/request-sample Increasing adoption of biotechnology market in healthcare sector and pharmaceutical industry coupled with reduced manufacturing cost of drugs and various chemical products are expected to drive market demand for white biotechnology over the forecast period.
Additionally, ecofriendly nature of white biotechnology, easy availability of essential raw materials, advanced production methods, declined production costs, and minimum waste generation are some of the critical factors driving market growth, since the last decade.
