South America Organic Acid Market to Grow with a CAGR of 3.78% through 2028
Surge in research and development activities is expected to drive the South
America Organic Acid Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “South
America Organic Acid Market– By Country, Competition, Forecast and
Opportunities, 2018-2028F”, the South America Organic Acid Market stood at USD676.35
million in 2022 and is anticipated to grow with a CAGR of 3.78% in the forecast
period, 2023-2028. The initiatives taken by government based on organic acid has
led to favorable market conditions for the South America Organic Acid Market. Several
factors contribute to the growth of various organic acid market products.
The government
has shown strong support for the use of organic acids, such as lactic and
acetic acid, in food processing due to their wide availability and organic
nature. These natural acids serve as effective microbial inhibitors, helping to
preserve food and extend its shelf life, thereby reducing food wastage and
promoting sustainability in the food industry.
Aligned with the
global trend of promoting sustainability and public health, the South American
government has been actively encouraging the utilization of natural substances
over synthetic alternatives. This progressive approach extends to various
industries, including agriculture, where the use of organic acids has gained
significant traction. By advocating for the adoption of organic acids in
agriculture, the government aims to enhance crop productivity while minimizing
the negative impact on the environment, fostering a sustainable and
eco-friendly agricultural sector.
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market data Figures spread through XX Pages and an in-depth TOC on "South America Organic Acid Market.”
The growing
consumer inclination towards adopting a healthy lifestyle has significantly
impacted the organic acid market. With an increasing number of individuals
becoming more health-conscious, there has been a surge in demand for organic
acids. These acids are widely used in dietary supplements and food
preservation, as they offer numerous benefits. As a result, there has been a notable
increase in research and development efforts to explore new applications and
further understand the potential advantages of organic acids in various
industries. This ongoing exploration is paving the way for innovative uses and
expanding the scope of organic acids beyond their traditional applications.
The South
America Organic Acid Market is segmented into type, end user, regional
distribution, and company.
Based on its type, the acetic acid segment held the
largest share in the market. One of the key factors that contributes to the
dominance of acetic acid production is the availability of raw materials, such
as methanol. These raw materials are crucial for the production process, and
the steady supply of methanol in South America, a region known for its
abundance of natural resources, ensures a consistent and uninterrupted
production of acetic acid. This advantageous situation not only reinforces the
position of South America in the market but also strengthens the overall
stability and reliability of acetic acid supply worldwide.
Based on country, Brazil segment is expected to grow
during the forecast period.
In Brazil, as in many other countries, there is a
growing trend of implementing stringent regulations on conventional chemicals.
This has resulted in a surge in demand for bio-organic acids, which are natural
and biodegradable. These bio-organic acids are in line with the regulatory
policies and environmental sustainability goals of the country, driving their
market growth. With their eco-friendly properties and compatibility with the
changing regulations, bio-organic acids are becoming increasingly popular among
industries and consumers alike. As a result, the market for these acids is
witnessing significant expansion, offering new opportunities for businesses and
contributing to a more sustainable future.
Major companies operating in South America Organic
Acid Market are:
- Oxiteno Nordeste SA
- Braskem SA
- Industria Petroquimica Do Sul
LTDA
- Mexichem America Inc
- Quimicos Del Cauca Quimicauca
LTDA
- Jiangsu Sopo Chemical Co.,
Ltd.
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“Growing application of organic acid in various end
user industries are key drivers of the organic acid market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of organic acid with every
passing year are anticipated to register an impressive growth to South America
Organic Acid Market in the forecast period.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Organic Acid Market By Type (Acetic Acid,
Citric Acid, Formic Acid, Lactic Acid, Others), By End User (Industrial, Food
& Beverage, Pharmaceutical, Personal Care, Others), By Country, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of South America Organic Acid Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in South America Organic Acid Market.
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