North America Organic Acid Market Size
| 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
*Disclaimer: Major Players sorted in no particular order |
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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 Market Trends
This section covers the major market trends shaping the North America Organic Acid Market according to our research experts:
Increasing Demand for Organic Acids in Wide Array of Applications
The main organic acids are acetic acid, citric acid, lactic acid, and fumaric acid which are increasingly getting used in plastic making, tanning, textiles, paper, metal, pharmaceuticals, perfumes, herbal insecticides, colors & dyes, lubricants, in food & beverage applications, and cosmetic manufacturing. Formic acid and acetic acid are the acids chiefly used in pharmaceutical and industrial applications. Increased demand for multifunctional skincare products is expected to steer the market for organic acids during the forecast period. In addition, acidulants such as malic and fumaric acids are replacing antibiotics in animal feed, owing to their advantages compared to other feed acidulants. The functional superiority of citric acid in shelf-life enhancement, pH buffering, and in providing flavor and tartness is higher than that of phosphoric, tartaric, and lactic acids to name a few. The robust demands for ready-to-drink (RTD) healthful beverages are facilitating the usage of citric acid.
United States holds Largest Market Share
The United States is the largest market for gluconic acid in the North American region, and it is also one of the largest importers. Emerging applications of organic acids, such as biodegradable plastic, in the United States, are also becoming essential in further increasing the demand for variant organic acids such as gluconic acid, as it is non-toxic and a readily biodegradable organic acid. The approval from US FDA as a food additive is increasing the demand for gluconic acid, citric acid, and various others in the food and feed industry. Increasing applications of organic acid in detergents and cleansers for their biodegradability properties are one of the key driving factors of the market growth.
North America Organic Acid Industry Overview
Some of the major players in North America organic acid market are Cargill, Incorporated, Eastman Chemical Company, BASF SE, Archer Daniels Midland Company, and Koninklijke DSM N.V. among others. The key players are also known to adopt effective production standards, higher operational capabilities, particularly, with the design and development of specialized grades of organic acid that have pharmaceutical and food applications. Moreover, the companies are also consolidating and restructuring their business in line, with the supply-demand dynamics that facilitate them with sustainable sales growth.
North America Organic Acid Market Leaders
Cargill, Incorporated
BASF SE
Archer Daniels Midland Company
Tate & Lyle PLC
DuPont
*Disclaimer: Major Players sorted in no particular order
North America Organic Acid Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porters Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Acetic acid
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5.1.2 Citric acid
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5.1.3 Lactic acid
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5.1.4 Others
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5.2 By Application
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5.2.1 Food & Beverage
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5.2.2 Animal Feed
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5.2.3 Pharmaceuticals
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5.2.4 Others
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5.3 By Geography
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5.3.1 United States
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5.3.2 Canada
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5.3.3 Mexico
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5.3.4 Rest of North America
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6. COMPETITIVE LANDSCAPE
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6.1 Market Share Analysis
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6.2 Most Active Companies
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6.3 Most Adopted Strategy
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6.4 Company Profiles
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6.4.1 Cargill, Incorporated
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6.4.2 Eastman Chemical Company
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6.4.3 BASF SE
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6.4.4 Archer Daniels Midland Company
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6.4.5 Tate & Lyle PLC
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6.4.6 Koninklijke DSM N.V.
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6.4.7 DuPont
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6.4.8 Corbion N.V
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6.4.9 DNP Green Technology (BioAmber)
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6.4.10 Celanese Corporation
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACTOF COVID-19 ON THE MARKET
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 |
North America Organic Acid Market Research FAQs
What is the current North America Organic Acid Market size?
The North America Organic Acid Market is projected to register a CAGR of 7.67% during the forecast period (2024-2029)
Who are the key players in North America Organic Acid Market?
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.
What years does this North America Organic Acid Market cover?
The report covers the North America Organic Acid Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Organic Acid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Organic Acid Industry Report
Statistics for the 2024 North America Organic Acid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Organic Acid analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
