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LAMEA Organic Acids Market Size, Share & Trends Analysis Report By Application (Food & Beverages, Feed, Pharmaceuticals, and Industrial), By Type, By Country and Growth Forecast, 2023 - 2030

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    Report

  • January 2024
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5935657
The Latin America, Middle East and Africa Organic Acids Market would witness market growth of 8.3% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 1,567.9 Kilo Tonnes, showcasing a growth of 8.1% (2023-2030).

The clean label movement, driven by consumer demand for natural and transparent ingredients, has influenced the market. There is a growing trend among consumers to prefer products that contain natural components and experience minimal processing. This trend has led to a rise in using organic acids as natural preservatives and acidity regulators in food and beverages, replacing synthetic alternatives. Manufacturers are responding by emphasizing the clean label attributes of organic acid products. The shift towards sustainable and biobased production methods is a prominent trend in the market.

Biobased production methods align with the increasing emphasis on sustainability, providing eco-friendly alternatives to traditional chemical synthesis. This trend contributes to the market's growth and fosters more environmentally responsible practices. Developing functional acids with additional health benefits beyond their traditional roles is gaining traction. These acids may possess antimicrobial, antioxidant, or other bioactive properties. Functional acids appeal to the growing market for functional foods and nutraceuticals. Their incorporation into products contributes to consumer perceptions of health and wellness, expanding the application scope of these acids.

It can be integrated into agriculture practices in the UAE for crop protection. The pharmaceutical industry in the UAE can integrate organic acids in drug formulations, particularly as excipients, pH adjusters, and solubility enhancers. The UAE may explore the integration of these acids in biotechnological processes to produce bioplastics. Suppliers of these acids may collaborate with local industries in the UAE to develop customized solutions, fostering innovation and addressing specific needs in various sectors. Integrating acids aligns with sustainable practices in the UAE, contributing to the country's efforts to adopt environmentally friendly solutions across industries. Therefore, due to these aspects, the market will expand across the LAMEA region in upcoming years.

The Brazil market dominated the LAMEA Organic Acids Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $660.4 million by 2030. The Argentina market is showcasing a CAGR of 9.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9.6% during (2023 - 2030).

Based on Application, the market is segmented into Food & Beverages, Feed, Pharmaceuticals, and Industrial. Based on Type, the market is segmented into Acetic Acid, Citric Acid, Lactic Acid, Formic Acid, Propionic Acid, Ascorbic Acid, Gluconic Acid, Fumaric Acid, Malic Acid, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

  • Cargill, Incorporated
  • BASF SE
  • The Dow Chemical Company
  • Archer Daniels Midland Company
  • Eastman Chemical Company
  • Tate & Lyle PLC
  • DuPont de Nemours, Inc.
  • Corbion N.V.
  • Koninklijke DSM N.V.
  • Celanese Corporation

Market Report Segmentation

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Food & Beverages
  • Feed
  • Pharmaceuticals
  • Industrial
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Acetic Acid
  • Citric Acid
  • Lactic Acid
  • Formic Acid
  • Propionic Acid
  • Ascorbic Acid
  • Gluconic Acid
  • Fumaric Acid
  • Malic Acid
  • Others
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Organic Acids Market, by Application
1.4.2 LAMEA Organic Acids Market, by Type
1.4.3 LAMEA Organic Acids Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. LAMEA Organic Acids Market by Application
4.1 LAMEA Food & Beverages Market by Country
4.2 LAMEA Feed Market by Country
4.3 LAMEA Pharmaceuticals Market by Country
4.4 LAMEA Industrial Market by Country
Chapter 5. LAMEA Organic Acids Market by Type
5.1 LAMEA Acetic Acid Market by Country
5.2 LAMEA Citric Acid Market by Country
5.3 LAMEA Lactic Acid Market by Country
5.4 LAMEA Formic Acid Market by Country
5.5 LAMEA Propionic Acid Market by Country
5.6 LAMEA Ascorbic Acid Market by Country
5.7 LAMEA Gluconic Acid Market by Country
5.8 LAMEA Fumaric Acid Market by Country
5.9 LAMEA Malic Acid Market by Country
5.1 LAMEA Others Market by Country
Chapter 6. LAMEA Organic Acids Market by Country
6.1 Brazil Organic Acids Market
6.1.1 Brazil Organic Acids Market by Application
6.1.2 Brazil Organic Acids Market by Type
6.2 Argentina Organic Acids Market
6.2.1 Argentina Organic Acids Market by Application
6.2.2 Argentina Organic Acids Market by Type
6.3 UAE Organic Acids Market
6.3.1 UAE Organic Acids Market by Application
6.3.2 UAE Organic Acids Market by Type
6.4 Saudi Arabia Organic Acids Market
6.4.1 Saudi Arabia Organic Acids Market by Application
6.4.2 Saudi Arabia Organic Acids Market by Type
6.5 South Africa Organic Acids Market
6.5.1 South Africa Organic Acids Market by Application
6.5.2 South Africa Organic Acids Market by Type
6.6 Nigeria Organic Acids Market
6.6.1 Nigeria Organic Acids Market by Application
6.6.2 Nigeria Organic Acids Market by Type
6.7 Rest of LAMEA Organic Acids Market
6.7.1 Rest of LAMEA Organic Acids Market by Application
6.7.2 Rest of LAMEA Organic Acids Market by Type
Chapter 7. Company Profiles
7.1 Cargill, Incorporated
7.1.1 Company Overview
7.1.2 Recent strategies and developments:
7.1.2.1 Partnerships, Collaborations, and Agreements:
7.1.3 SWOT Analysis
7.2 BASF SE
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 The Dow Chemical Company
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Archer Daniels Midland Company
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 SWOT Analysis
7.5 Eastman Chemical Company
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Acquisition and Mergers:
7.5.6 SWOT Analysis
7.6 Tate & Lyle PLC
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental & Regional Analysis
7.6.4 Research & Development Expense
7.6.5 SWOT Analysis
7.7 DuPont de Nemours, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.6 SWOT Analysis
7.8 Corbion N.V.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Product Launches and Product Expansions:
7.8.6 SWOT Analysis
7.9 Koninklijke DSM N.V.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expense
7.9.5 SWOT Analysis
7.10. Celanese Corporation
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 SWOT Analysis

Companies Mentioned

  • Cargill, Incorporated
  • BASF SE
  • The Dow Chemical Company
  • Archer Daniels Midland Company
  • Eastman Chemical Company
  • Tate & Lyle PLC
  • DuPont de Nemours, Inc.
  • Corbion N.V.
  • Koninklijke DSM N.V.
  • Celanese Corporation

Methodology

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