Everything You Wanted to Know About Top Companies in Organic Acids Market

Market Overview:

According to Vantage market research, the Global Organic Acids market is valued at USD 11.02 Billion in 2021 and is projected to attain a value of USD 16.45 Billion by 2028 at a CAGR of 5.9% during the forecast period, 2022–2028. Organic acids are frequently used in food processing as they provide wide advantages such as reducing antimicrobial activities, effective against fungi, including yeast, dietary acidification to control the pH of the food processed. Dietary acidification with organic acid has contributed to environmental hygiene by preventing feed raw materials and compound feed from microbial and fungal deterioration. These are a few factors that are promoting the growth of the organic acid market.

Organic acids are occurring in animal, plant, and microbial sources as they are widely distributed in nature. They contain one or more carboxylic acid groups, which may be covalently linked in groups such as amides, esters, and peptides. Production of organic acids on a large industrial scale is mainly confined to acids of microbial origin. Microbial production of organic acids is considered as a promising approach to obtain building block chemicals based on renewable carbon sources. The functional groups of organic acids can serve as excellent natural starting materials for the chemical industry in applications best suited to a sustainable industrial society. Production of organic acids from bioprocesses can be increased only if it is cost-effective. Therefore, existing and even established processes need to be improved for higher yields and higher product concentrations. Genetic engineering and metabolic engineering of the producer microorganisms offer the means of strategic planning for such improvements along with the development of highly sophisticated cultivation techniques such as continuous culture and cell-recycle, or retention, techniques. It is expected, however, that it will increase in the forthcoming years as new markets arise from new biotechnological processes.

Following are the top leading companies in the organic acid market:

1. Cargill

Cargill, Inc. was established in 1865. Headquartered in Minnesota, the company is a privately held American global food corporation. The company has frequently been the subject of criticism related to the environment, human rights, finance, and other ethical considerations. Some of Cargill's major businesses are trading, purchasing and distributing grain and other agricultural commodities, such as palm oil; trading in energy, steel, and transport; raising of livestock and production of feed; and producing food ingredients such as starch and glucose syrup, vegetable oils and fats for application in processed foods and industrial use. The company has a large financial services arm, which manages financial risks in the commodity markets for the company.

2. BASF SE

BASF SE is a German multinational chemical company and the largest chemical producer in the world. The company comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. Headquarters in Ludwigshafen, Germany, the company has customers in over 190 countries and supplies products to a wide variety of industries. The company carries out production, marketing, and sales of chemicals, plastics, crop protection products, and performance products. Its product line comprises solvents, adhesives, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides.

3. Dow Chemical Company

The Dow Chemical Company (TDCC) is an American multinational chemical corporation headquartered in Midland, Michigan, United States, and is a subsidiary of Dow Inc. The company is among the three largest chemical producers in the world. The company manufactures plastics, chemicals, and agricultural products. With a presence in about 160 countries, the company employs about 54,000 people worldwide. The company is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber. The company is also a major producer of ethylene oxide, various acrylates, surfactants, and cellulose resins. The company produces agricultural chemicals including the pesticide Lorsban and consumer products including Styrofoam.

4. Henan Jindan Lactic Acid Technology Co. Ltd

Henan Jindan Lactic Acid Technology Co. Ltd was established in 1984, the company is one of the world’s leading producers of lactic acid and lactates. The company has an annual production capacity of 120.000MT of lactic acid and lactates. This makes the company the largest producer of lactic acid and lactates in Asia and the second largest in the world. The company takes full advantage of its location in one of the largest corn-growing regions in China. Corn is the raw material for the natural fermentation process producing lactic acid. The company enables to guarantee first-class quality products and meet the stringent requirements of the Food market.

5. Archer Daniels Midland Company

Archer Daniels Midland Company owns and operates a grain elevator and transportation networks to procure, stores, clean, and transport agricultural raw materials, such as oilseeds, corn, wheat, milo, oats, and barley. The Company’s operations are organized into three reportable business segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. The Ag Services and Oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials. The Carbohydrate Solutions segment converts corn and wheat into products and ingredients used in the food and beverage industry, including sweeteners, corn and wheat starches, syrup, wheat flour, and dextrose. The Nutrition segment engages in the manufacturing, sale, and distribution of various ingredients and solutions, including plant-based proteins, flavor systems, natural colors, emulsifiers, soluble fiber, enzymes, and other specialty food and feed ingredients.

6. Eastman Chemical Company

Eastman Chemical Company was established in 1920, the company is a global specialty materials company that produces a broad range of products. With the purpose of enhancing the quality of life in a material way, the company works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company's innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end-markets such as transportation, building and construction, and consumables.

7. Corbion N.V.

Corbion N.V. is a Dutch food and biochemical company headquartered in Amsterdam, Netherlands. The company produces bio ingredient-based foods, chemicals derived from organic acids, and lactic acid based solutions for the food, chemical and pharmaceutical industries.The company uses their unique expertise in fermentation and other processes to deliver sustainable solutions for the preservation of food and food production, health, and our planet. Drawing on the company's deep application and product knowledge, the company works side-by-side with customers to make their cutting-edge technologies work for customers.

8. Koninklijke DSM N.V.

Koninklijke DSM N.V. is a Dutch multinational corporation active in the fields of health, nutrition, and materials. Headquartered in Heerlen, the company employed 21,054 people in approximately 50 countries and posted net sales of €8.632 billion. The nutrition cluster comprises DSM Nutritional Products into DSM Food & Beverage and DSM Hydrocolloids. This cluster provides solutions for animal precision nutrition and feed, food & beverage, pharmaceuticals, medical nutrition, early life nutrition, nutrition improvement, dietary supplements, personalized nutrition, and personal care. The materials cluster comprises DSM Engineering Materials and DSM Protective Materials. The cluster comprises a high-quality portfolio of specialty materials for global end markets including electrical components and electronics, automotive, food packaging, medical, personal protection, commercial marine, and apparel.

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For More Information about each of these companies. Vantage Market Research Report comes up with a detailed analysis of each major player in the industry. The Study provides Global market size & share, Emerging trends, In-depth analysis of key players, Development opportunities, Sales, Revenue Forecast.