Product Code: ETC034484 | Publication Date: Aug 2023 | Updated Date: Apr 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Organic Acids Market registered a decline of -1.67% in value shipments in 2022 as compared to 2021 and an increase of 8.89% CAGR in 2022 over a period of 2017. In Organic Acids Market India is becoming less competitive as HHI index in 2022 was 3379 while in 2017 it was 2812. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Organic Acids Market.
The India Organic Acids Market is projected to reach USD 1,822.8 million by 2026. Organic acids are organic compounds generated from carbohydrates like sugar and starch and manufactured through chemical processes such as fermentation or synthesis with mineral acids or enzymes. These acids have a wide range of applications in the food & beverage industry for flavor enhancement, chelation of minerals, acidulants, color retention agents among others.
The growth of this market can be attributed to factors such as increasing demand for preservatives in processed foods owing to convenience; rising awareness regarding health benefits; increasing disposable income and growing inclination towards healthy fast food options; and increased usage in pharmaceuticals due to their antimicrobial properties. Additionally, recent technological developments for enhancing the shelf-life of packaged food products has further augmented its growth over the years.
High cost associated with organic acid production might pose a challenge to the market?s development during forecast period . Moreover , stringent regulations related to environmental safety standards may hamper growth prospects over coming years.
? Increasing preference for natural ingredients: Consumers are increasingly focusing on clean label products which contain fewer additives including artificial flavors or colors which is driving manufacturers towards the use of organic acids instead synthetic substitutes . This factor is expected to drive demand during forecast period.
? Growing application scope : With advancements within biotechnology sector , functional properties offered by organic acids have been extended across various industries thus leading them into new product lines such as cosmetics & personal care products , animal feed etc . This trend is likely remain rampant over next few years thereby augmenting overall market growth opportunity.
Some key players operating in India Organic Acids Market include Cargill Incorporated ; BASF SE ; Archer Daniels Midland Company ; Tate & Lyle PLC ; Associated British Foods PLC (ABF) ; Ajinomoto Co., Inc.; Koninklijke DSM N.V.; Corbion NV; E I du Pont de Nemours and Company ; Naturex S A ..
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Organic Acids Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Organic Acids Market Revenues & Volume, 2020 & 2030F |
3.3 India Organic Acids Market - Industry Life Cycle |
3.4 India Organic Acids Market - Porter's Five Forces |
3.5 India Organic Acids Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 India Organic Acids Market Revenues & Volume Share, By Sources, 2020 & 2030F |
3.7 India Organic Acids Market Revenues & Volume Share, By End-user, 2020 & 2030F |
4 India Organic Acids Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Organic Acids Market Trends |
6 India Organic Acids Market, By Types |
6.1 India Organic Acids Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Organic Acids Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 India Organic Acids Market Revenues & Volume, By Acetic Acid, 2020-2030F |
6.1.4 India Organic Acids Market Revenues & Volume, By Citric Acid, 2020-2030F |
6.1.5 India Organic Acids Market Revenues & Volume, By Formic Acid, 2020-2030F |
6.1.6 India Organic Acids Market Revenues & Volume, By Lactic Acid, 2020-2030F |
6.1.7 India Organic Acids Market Revenues & Volume, By Itaconic Acid, 2020-2030F |
6.1.8 India Organic Acids Market Revenues & Volume, By Succinic Acid, 2020-2030F |
6.1.9 India Organic Acids Market Revenues & Volume, By Others, 2020-2030F |
6.1.10 India Organic Acids Market Revenues & Volume, By Others, 2020-2030F |
6.2 India Organic Acids Market, By Sources |
6.2.1 Overview and Analysis |
6.2.2 India Organic Acids Market Revenues & Volume, By Biomass, 2020-2030F |
6.2.3 India Organic Acids Market Revenues & Volume, By Molasses, 2020-2030F |
6.2.4 India Organic Acids Market Revenues & Volume, By Starch, 2020-2030F |
6.2.5 India Organic Acids Market Revenues & Volume, By Chemical Synthesis, 2020-2030F |
6.2.6 India Organic Acids Market Revenues & Volume, By Argo-Industrial Residue, 2020-2030F |
6.3 India Organic Acids Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 India Organic Acids Market Revenues & Volume, By Food & Beverage, 2020-2030F |
6.3.3 India Organic Acids Market Revenues & Volume, By Animal Feed, 2020-2030F |
6.3.4 India Organic Acids Market Revenues & Volume, By Chemical & Industrial, 2020-2030F |
6.3.5 India Organic Acids Market Revenues & Volume, By Pharmaceuticals, 2020-2030F |
6.3.6 India Organic Acids Market Revenues & Volume, By Personal Care, 2020-2030F |
6.3.7 India Organic Acids Market Revenues & Volume, By Agriculture, 2020-2030F |
7 India Organic Acids Market Import-Export Trade Statistics |
7.1 India Organic Acids Market Export to Major Countries |
7.2 India Organic Acids Market Imports from Major Countries |
8 India Organic Acids Market Key Performance Indicators |
9 India Organic Acids Market - Opportunity Assessment |
9.1 India Organic Acids Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 India Organic Acids Market Opportunity Assessment, By Sources, 2020 & 2030F |
9.3 India Organic Acids Market Opportunity Assessment, By End-user, 2020 & 2030F |
10 India Organic Acids Market - Competitive Landscape |
10.1 India Organic Acids Market Revenue Share, By Companies, 2023 |
10.2 India Organic Acids Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |