Organic acids are the types of organic compounds that have acidic properties. Chemically, organic acids are weak acids that contain a carbon atom in their compound, the most popular of which are carboxylic acids. These acids have the tendency to slowly dissolve in solvents, and can dissolve iron oxides without damaging the base metal. The simplest form of organic acids are acetic and formic, which are less reactive compared to non-organic acids such as hydrochloric acid and sulfuric acid. Apart from containing the carboxyl (R-COOH) functional group, organic compounds that include the thiol (R-SH), enol (alkenols), and phenol (aromatic hydrocarbons-OH) groups are also considered under organic acids. "
Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.
Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.
Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.
Emerging players are players that have recently included the subject market-related products in their portfolios, have a limited product portfolio catering to the studied market, or are comparatively smaller in operations. In terms of geographical reach and operating and financial strength as well, they are comparatively limited.
The market poses a moderate threat to new entrants in establishing their footprint, as there are many players who are providing pulse flour products to diverse clientele groups, globally.