APAC Organic Acid Market Will Become $5.8 Billion Opportunity by 2026
According to a recently published TechSci Research report, “APAC Organic Acid Market By
Type, By End Use, By Country, Competition Forecast and Opportunities, 2012 - 2026”, the region’s organic acid market is
anticipated to cross $ 5.8 billion by 2026. Increasing applications of
organic acids as potential alternative to Antibiotic Growth Promoters (AGP) in
animal feed industry coupled with increasing measures to reduce wastage of feed
and raw materials caused by microbial spoilage are major factors fueling growth in APAC organic acid market.
Browse 4 market data Tables and 43
Figures spread through 76 Pages and an in-depth TOC on "APAC
Organic Acid Market"
https://www.techsciresearch.com/report/apac-organic-acid-market-by-type-acetic-acid-citric-acid-formic-acid-lactic-acid-others-by-end-use-industrial-food-beverage-pharmaceutical-personal-care-others-by-country-competition-forecast-and-opportunities/1093.html
Increasing industrialization and booming small and medium
scale industries coupled with growing disposable income are boosting the demand
for organic acids in developing nations such as India and China. Moreover,
increasing number of strategic alliances and growing M&A activities in the
region are expected to positively influence APAC organic acids market during
forecast period. Furthermore, increasing focus towards technological
advancements and R&D activities are expected to generate huge opportunities
for the growth of eco-friendly organic acids in Asia-Pacific.
Industrial
sector was the largest consumer of organic acids in Asia-Pacific owing to huge
consumption in industrial sector in the developing economies such as China and India.
China dominated Asia-Pacific organic acids market in 2016, and the country is
expected to maintain its dominance over the next five years as well, due to the
absence of stringent manufacturing and trade related regulations coupled with
favorable government programs such as 13th Five Year Plan to
strengthen food and agriculture sectors.
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“Increasing
consumption of organic acid in Asia-Pacific region is due to growing
manufacturing industries such as textile and leather coupled with continuous
expansion of organic beverage manufacturing industries. Moreover, growing
consumers health concerns and rising awareness regarding health benefits of
organic beverage is expected to steer demand for organic acid in the region in
the coming years.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“APAC Organic
Acid Market By Type, By End Use, By Country, Competition Forecast and Opportunities,
2012 – 2026” has evaluated the
future growth potential of APAC
organic acid market and provides statistics and information on market
structure and trends. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes emerging trends along with
essential drivers, challenges and opportunities available in APAC organic acid market.
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