Market Size of North America Organic Acid Industry
| 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.
