Organic Acids Market Size to Reach US$ 36.4 Billion by 2027, Exhibiting a (CAGR) of 8.26%
According to IMARC Group’s latest report, titled “ Organic Acids Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ”, the global organic acids market size reached US$ 22.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 36.4 Billion by 2027, exhibiting a growth rate (CAGR) of 8.26% during 2022-2027. Organic acids are organic compounds characterized by their weak acidic properties. They are manufactured through the fermentation of biomass, molasses, starch, and agro-industrial residues, such as sugarcane and fruit peels. Some of the commonly utilized organic acids encompass formic, gluconic, lactic, benzoic, and gluconic acid. They are widely used as emulsifiers, flavor enhancers, antioxidants, acidulants, and preservatives due to their less reactive nature and resistance to extreme temperatures. As a result, organic acids are largely used in the food and beverage (F&B) industry to enha...