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North America Organic Acid Market Size (2024 - 2029)

The North America Organic Acid Market is experiencing growth driven by the increasing demand for convenience foods and advancements in technology, alongside the production of organic acids from cost-effective renewable sources. The market's expansion is further supported by the rising use of organic acids in animal feed as alternatives to antibiotic growth promoters. Additionally, stringent regulations from the Food Drug Association regarding hazardous synthetic chemicals are boosting the demand for eco-friendly organic acids. Although the COVID-19 pandemic temporarily disrupted supply chains and production, the market is expected to continue its upward trajectory.

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Market Size of North America Organic Acid Industry

NA organic acid market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.67 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

North America Organic Acid Market Analysis

North America Organic Acid Market is projected to grow at a CAGR of 7.67% during the forecasted period 2021-2026.

  • Growing demand for convenience food and technological innovations, and production of organic acids from cost-effective renewable sources are other factors driving the market growth. Furthermore, increased usage of organic acids in animal feed as a substitute of antibiotic growth promoters (AGP) is another factor that is expected to drive the market for organic acids during the forecast period.
  • Additionally, stringent government regulations mandated by the Food Drug Association (FDA) regarding the usage of hazardous synthetic chemicals in various industries is fuelling demand for environment-friendly organic acids in North America.
  • However, due to the global COVID-19 pandemic, the supply chain, production facilities, and various other hindrances have been observed which has certainly impacted the organic acid market in the North American region but for the short period of time.

North America Organic Acid Industry Segmentation

The North America organic acid market has been segmented by type, application, and geography. Based on type, the market is segmented into acetic acid, citric acid, lactic acid, and others. Based on application, the market is segmented into food & beverage, animal feed, pharmaceuticals, and others. Also, the study provides an analysis of the organic acid market in the emerging and established markets across the region, including the United States, Mexico, Canada, and the rest of North America.

By Type
Acetic acid
Citric acid
Lactic acid
Others
By Application
Food & Beverage
Animal Feed
Pharmaceuticals
Others
By Geography
United States
Canada
Mexico
Rest of North America
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North America Organic Acid Market Size Summary

The North America organic acid market is experiencing significant growth, driven by increasing demand for convenience foods and technological advancements. The production of organic acids from cost-effective renewable sources is further propelling market expansion. The use of organic acids as substitutes for antibiotic growth promoters in animal feed is also contributing to market growth. Additionally, stringent regulations by the Food Drug Association (FDA) regarding hazardous synthetic chemicals are boosting the demand for environmentally friendly organic acids. Despite temporary disruptions caused by the COVID-19 pandemic, the market is poised for recovery and continued growth.

Organic acids such as acetic, citric, lactic, and fumaric acids are finding diverse applications across various industries, including plastics, textiles, pharmaceuticals, and food and beverages. The United States leads in the consumption of gluconic acid, driven by its applications in biodegradable plastics and its approval as a food additive. The demand for multifunctional skincare products and ready-to-drink healthful beverages is also enhancing the market for organic acids. Key players like Cargill, BASF SE, and Archer Daniels Midland Company are adopting effective production standards and expanding their operational capabilities to meet the growing demand, ensuring sustainable sales growth in the region.

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North America Organic Acid Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porters Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Acetic acid

      2. 2.1.2 Citric acid

      3. 2.1.3 Lactic acid

      4. 2.1.4 Others

    2. 2.2 By Application

      1. 2.2.1 Food & Beverage

      2. 2.2.2 Animal Feed

      3. 2.2.3 Pharmaceuticals

      4. 2.2.4 Others

    3. 2.3 By Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

      4. 2.3.4 Rest of North America

North America Organic Acid Market Size FAQs

The North America Organic Acid Market is projected to register a CAGR of 7.67% during the forecast period (2024-2029)

Cargill, Incorporated, BASF SE, Archer Daniels Midland Company, Tate & Lyle PLC and DuPont are the major companies operating in the North America Organic Acid Market.

North America Organic Acid Report Snapshots

North America Organic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)