According to Nova one advisor, during the forecast period of 2022 to 2030, The U.S. Acids market size was valued at US$ 6.45 billion in 2021 and is expected to hit US$ 11.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.2% from 2022 to 2030.
[150+ Pages Report] According to Nova one advisor, during the forecast period of 2022 to 2030, The U.S. Acids market size was valued at US$ 6.45 billion in 2021 and is expected to hit US$ 11.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.2% from 2022 to 2030.
Growth Factors:
The growth is attributed to increasing demand for convenience food along with technological innovations for the production of cost-effective products in the country.
The demand for organic acids is growing in the animal feed industry due to their ability to improve the performance of aqua, poultry, swine, and other feeds. Numerous research initiatives and investments have been made in the microbial fermentation process to increase productivity and yield through the selection of new strains. This can be achieved by improving the recovery and process of purification, optimizing the fermentation process, and employing genetically modified microorganisms.
Full Report is Ready | Request Sample of This Report@ https://www.novaoneadvisor.com/report/sample/6514
Antibiotics are shown to improve weight gain in animals by reduction of clinical and subclinical infection by eliminating the presence of bacteria in GIT and consistently reducing immune stimulation and enhancing nutrient digestibility. These factors, among others, are considered as quality parameters desired in an effective antibiotic alternative. Despite the availability of numerous alternatives in the market, organic acids are the most effective alternatives that can increase nutrient digestibility and reduce pathogenic bacteria through their effect on pH in the GIT.
Phosphoric acid is used in wastewater treatment to remove the discharge of contaminants to the environment. It is used to prevent scale formation and corrosion in the water distribution system. In textiles, it is used as an oxidizing agent. With the increasing market growth of the textile industry in the U.S. due to the changing lifestyle and high living standards, the demand for phosphoric acid is likely to grow.
The rise in the number of pets in North America, especially in the U.S., has led to a surge in the consumption of pet food, pet medicines, and veterinary products. The mounting consumption of sodium amino acids in pet food, pet medicine, and veterinary supplements is expected to further drive the market.
Report Scope of the U.S. Acids Market
|
Report Coverage |
Details |
|
Market Size in 2021 |
USD 6.45 Billion |
|
Revenue Projection By 2030 |
USD 11.6 Billion |
|
Growth Rate |
CAGR of 7.2% from 2022 to 2030 |
|
Base Year |
2021 |
|
Historical data |
2017 - 2020 |
|
Forecast Period |
2022 to 2030 |
|
Segments Covered |
Type |
|
Companies Mentioned |
Polynt Group; Cargill Inc.; BASF SE; Archer Daniels Midland (ADM) Company; PVS Chemicals Inc.; General Chemical USA; Akzo Nobel N.V. |
Type Insights
The organic type segment dominated the market and accounted for a revenue share of over 73.0% in 2021. This is attributed to the rising use of organic acids in animal feed as well as a substitute in several end-use industries. The demand for food and beverages is expected to increase due to its growing penetration in the meat, poultry, and seafood industries.
Organic acids, mainly produced using microbial pathways, are gaining more importance due to their rising demand in the biotechnology market. The microbial pathways are, however, less preferred in comparison to the chemical synthesis method as the latter can be produced more economically by synthetic rather than fermentation processes. This trend is expected to change over the coming years with the discovery of new applications and rising costs of petrochemicals.
Major application areas of organic acids comprise agriculture, animal feed, and food & beverage, among others, which have gained significant recognition over the past years. Benzoic, butyric, myristic, malic, mid-chain fatty, sorbic, lactic, and fumaric acids are used as feed preservatives for animal nutrition.
Organic acids and their derivatives are predominantly used in feed production and food and beverages in the U.S. The analysis of organic acids is carried out by gas chromatography-mass spectrometry for the separation of derivatives. Organic acid salts are the acidifying substances that are added to the feed to improve the feed conversion efficiency and inhibit the development of pathogenic microorganisms in the intestine.
An inorganic acid is derived from one or more inorganic compounds. The commonly used inorganic acids are sulfuric, hydrochloric, hydrofluoric, and nitric acid. The rising U.S. population has led to an increase in local food manufacturing, thus driving the fertilizers production, and further triggering the product demand. These types of acids are also incorporated during the metal extraction process. Thus, expansion in end-use industries is anticipated to drive the market over the forecast period.
The food and beverages application segment dominated the U.S. inorganic acids market and accounted for the largest revenue share of over 30.65% in 2021. This is attributed to the growing demand for functional food products in the country. Additionally, surging demand from several end-use industries such as animal feed, and pharmaceuticals among others are likely to drive the market over the forecast period.
Full Report is Ready |Quick Buy This Premium Report From Here: https://www.novaoneadvisor.com/report/checkout/6514
Some of the prominent players in the U.S. Acids market include:
- Polynt Group
- Cargill Inc.
- BASF SE
- Archer Daniels Midland (ADM) Company
- PVS Chemicals Inc.
- General Chemical USA
- Akzo Nobel N.V.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at U.S. for the period of 2017 to 2030
- By Type
- Organic
- Personal Care & Cosmetics
- Food & Beverages
- Pharmaceuticals
- Animal Feed
- Chemical Manufacturing
- Agriculture
- Consumer Goods
- Lubricants
- Others
- Inorganic
- Agriculture
- Paints & Coatings
- Textiles
- Petroleum
- Metalworking
- Wastewater Treatment
- Chemical Manufacturing
- Pulp & Paper
- Others
- Organic
Click Here to View Full Report Table of Contents
Key Questions Answered in U.S. Acids Market Report
What will be the sales/revenue generated by U.S. Acids across all regions during the forecast period?
What are the opportunities in the U.S. Acids market?
What are the major drivers, restraints, opportunities, and threats in the market?
Which regional market is set to expand at the fastest CAGR during the forecast period?
Which application is expected to generate the highest revenue U.S. in 2030? Which segment is projected to expand at the highest CAGR during the forecast period?
What is the market position of different companies operating in the U.S. market?
Full Report is Ready |Quick Buy This Premium Report From Here: https://www.novaoneadvisor.com/report/checkout/6514
You can place an order or ask any questions, please feel free to sales@novaoneadvisor.com| +1 9197 992 333
About Us
Nova One Advisor is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Nova One Advisor has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.
We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally. We endeavor to give our clients latest insights on upcoming technologies, new developing markets, dynamically changing business conditions and most recent business-driven applications. These insights help our clients to take informed decisions for their business growth.
For Latest Update Follow Us:
https://www.linkedin.com/company/nova-one-advisor