South America organic acid market to cross $427 mn by 2026 – Report

Increasing agricultural activities coupled with easy availability of raw materials are expected to drive South America organic acid market through 2026

According to a recently published report by TechSci Research, “South America 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 $427 million by 2026. 

Backed by expanding population and growing demand for food, the region’s agriculture sector is growing at a robust pace, and positively influencing South America organic acid market. Moreover, increasing investments by major international players in for the development of organic acid is expected to aid the region’s market during forecast period.

In 2016, Brazil accounted for the largest share in South America organic acid market owing to increasing urbanization, expanding middle class and upper-class population and changing eating habits. Furthermore, growing applications of organic acid in meat, dairy, bakery, beverages, etc, coupled with increasing consumption of these food products in the country is expected to aid Brazil organic acids market during forecast period. Colombia is the second largest market for organic acids in South America.

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