North America Organic Acid Market Size, Share, and COVID-19 Impact Analysis, By Type (Acetic Acid, Citric Acid, Formic Acid, Lactic Acid, Others), By End User (Industrial, Food & Beverage, Pharmaceutical, Personal Care, Others), By Region (US, Canada, Mexico, Rest of North America), and North America Organic Acid Market Insights Forecast to 2033

North America Organic Acid Market Insights Forecasts to 2033

• The North America Organic Acid Market Size was valued at USD 3.733 Billion in 2023
• The Market Size is Growing at a CAGR of 4.81% from 2023 to 2033
• The North America Organic Acid Market Size is Expected to Reach USD 5.970 Billion by 2033

The North America Organic Acid Market Size is expected to reach USD 5.970 Billion by 2033, at a CAGR of 4.81% during the forecast period 2023 to 2033.

Market Overview

Organic acids are organic compounds with low molecular masses and weak acidic properties. They can be produced by fermenting biomass, molasses, starch, or agro-industrial residues such as cassava bagasse, coffee husk, apple pomace, soybean, sugarcane, corn cobs, press-mud, wheat bran, citric pulps, and fruit peels. Carboxylic, formic, lactic, propionic, gluconic, malic, and benzoic acids are among the most commonly used organic acids. Organic acids are extremely useful in stimulation treatments for oil and gas, in addition to chelating metal ions. They're commonly used as antioxidants, acidulants, emulsifiers, flavor enhancers, and preservatives. Organic acids are less reactive than traditional mineral acids and can be used at extreme temperatures. As a consequence, they are widely used in the manufacture of foods and beverages, animal feed, and pharmaceuticals. Furthermore, widespread product adoption as a substitute for antibiotic growth promoters (AGP) in animal feed is helping to drive North America organic acid market growth. In accordance with this, there is an increasing preference for multifunctional cosmetic and personal care products fortified with citric and formic acids, which is contributing to North America organic acid market growth.

Report Coverage

This research report categorizes the market for the North America organic acid market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America organic acid market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America organic acid market.                 

Driving Factors

They are widely used as antioxidants, acidulants, emulsifiers, flavor enhancers, and preservatives. Organic acids are less reactive than traditional mineral acids and can withstand high temperatures. As a consequence, they are extensively used in the production of foods and beverages, animal feed, and pharmaceuticals. Furthermore, widespread product adoption as a substitute for antibiotic growth promoters (AGP) in animal feed is helping to drive North America organic acid market growth. In line with this, there is an increasing preference for multifunctional cosmetic and personal care products fortified with citric and formic acids, which is contributing to market growth. Other factors expected to drive market growth include the implementation of favorable government policies promoting the manufacture of bio-based organic acids from renewable resources, and also increased product utilization for the production of various intermediates and petrochemical products.

Restraining Factors

Fluctuating raw material prices, such as biomass, corn, and maize, in addition to high initial investment, are expected to hamper growth in the North American organic acid market. The cost of raw materials varies depending on their availability, source, and production

Market Segment

• In 2023, the acetic acid segment accounted for the largest revenue share over the forecast period.

Based on type, the North America organic acid market is segmented into acetic acid, citric acid, formic acid, lactic acid, and others. Among these, the acetic acid segment has the largest revenue share over the forecast period. Acetic acid's remarkable versatility is a major reason for its dominance in the organic acid market. Acetic acid is widely used in industrial applications to make vinegar, a common condiment in many culinary preparations. Its antimicrobial properties make it not only a flavor enhancer but also an effective preservative, ensuring the safety and longevity of a variety of food products. Acetic acid is also used in the textile industry, specifically in dyeing and printing processes. Its unique properties allow vibrant and long-lasting colors to be added to fabrics, improving the visual appeal of clothing and other textile products.

• In 2023, the food & beverage segment is witnessing significant growth over the forecast period.

Based on end user, the North America organic acid market is segmented into the industrial, food & beverage, pharmaceutical, personal care, and others. Among these, the food & beverage segment is witnessing significant growth over the forecast period. The modern consumer's fast-paced lifestyle, characterized by hectic schedules and little time for meal preparation, has resulted in an increased demand for convenience foods. These foods provide quick and easy meal options for those looking for convenience. In response to this demand, the food industry has turned to organic acids, which are essential ingredients in these foods. Organic acids not only improve flavor, but they also have preservation properties that help extend the shelf life of these products. These organic acids have antimicrobial properties that help inhibit the growth of spoilage-causing microorganisms, extending the shelf life of products while ensuring their freshness and quality.

• The United States is projected to have the largest share of the North American organic acid market over the forecast period.

Based on country, the United States is projected to have the largest share of the North America organic acid market over the forecast period. The United States has a thriving and dynamic food and beverage industry, known for its extensive use of organic acids as preservatives and flavor enhancers. As the demand for convenient and ready-to-eat foods and beverages grows, consumers are becoming more aware of the value of natural ingredients. This growing awareness has resulted in a greater demand for organic acids in the sector. Furthermore, the United States is home to some of the most prominent chemical companies and prestigious research institutions. These organizations are dedicated to investing in R&D, fostering continuous innovation in the production and application of organic acids.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America organic acid market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Celanese Corporation
• Eastman Chemicals Company
• BioAmber Inc.
• Myriant Corporation
• Nature Works LLC
• E.I. Du Pont De Nemours & Co.
• Cargill Inc.
• The Dow Chemical Company
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the North America organic Acid market based on the below-mentioned segments:

North America Organic Acid Market, By Type

• Acetic Acid
• Citric Acid
• Formic Acid
• Lactic Acid
• Others

North America Organic Acid Market, By End User

• Industrial
• Food & Beverage
• Pharmaceutical
• Personal Care
• Others

North America Organic Acid Market, By Country

• US
• Canada
• Mexico
• Rest of North America