Market Trends of North America Organic Acid Industry
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.
