The major trend identified in the global bio-based organic acids market is the increasing investments in specialty chemical manufacturing. Companies, across the world, are increasingly investing in the manufacturing of bio-based chemicals to encourage the use of eco-friendly products.

In general terms, organic acids are organic compounds with acidic properties that serve as a platform for the production of polymers, food products, coatings, lubricating oils, pharmaceuticals, cosmetics, solvents, and various other materials. Owing to their renewable and eco-friendly nature, bio-based organic acids are increasingly gaining preference over conventional organic acids in several industries.

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Based on raw material, the bio-based organic acids market is categorized into biomass, corn, maze, and sugar. Among these, biomass held a significant share in the market during historical period, owing to its high availability across several countries. Moreover, many countries are encouraging the use of biomass over corn, maze, and sugarcane to produce organic acids, as these crops are mostly used as food products.

Geographically, the bio-based organic acids market is categorized into North America, Europe, Latin America, Asia-Pacific (APAC), and the Middle East and Africa. Globally, Europe is the largest market for bio-organic acids. This can be attributed to the increasing focus of various industries toward bio-based products on account of the stringent regulations laid down by the government authorities to encourage the use of environment-friendly products.

Some of the major players operating in the global bio-based organic acids market are Abengoa, BASF SE, BioAmber Inc., Cargill, Corbion NV, Methanex, Mitsubishi Chemical Corporation, Mitsui & Co. Ltd., Novozymes A/S, Zhejiang Hisun Biomaterials Co. Ltd.

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The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.