USD 4.86 Billion
Food Acidulants Market Size, Share, Growth Analysis, By Type(Citric acid, Phosphoric acid, Acetic acid, Lactic acid), By Application(Beverages, Bakery and Confectionary, Sauces, Dressings and Condiments), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30E2038 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
69
|Figures:
75
Food Acidulants Market Insights
Global Food Acidulants Market size was valued at USD 4.86 Billion in 2022 and is poised to grow from USD 5.06 Billion in 2023 to USD 7.04 Billion by 2031, at a CAGR of 4.2% during the forecast period (2024-2031).
The global market for food acidulants is experiencing significant growth, driven by various trends and factors. One of the key drivers is the increasing consumption of processed and convenient foods, which is a result of changing lifestyles and urbanization. This has created a higher demand for food acidulants, as they play a vital role in enhancing flavors, extending shelf life, and achieving desirable taste profiles in processed food products. Another important trend is the growing health consciousness among consumers, leading to a preference for clean label products that contain natural ingredients. As a result, there is a shift towards natural acidulants sourced from fruits and vegetables, which are perceived as healthier and more sustainable alternatives to synthetic acidulants. The beverage industry is also contributing to the growth of the food acidulants market. With an increasing demand for innovative and flavored beverages such as carbonated soft drinks, fruit juices, and energy drinks, acidulants are extensively used to enhance taste and provide a refreshing experience to consumers.
Technological advancements in food preservation techniques are driving the market further. Food acidulants are essential in inhibiting microbial growth and maintaining the quality of food products. Advancements in modified atmosphere packaging (MAP) and controlled-release systems have increased the demand for food acidulants as a crucial component of food preservation strategies. Innovation and research and development (R&D) efforts are also shaping the market landscape. Manufacturers are investing in R&D activities to develop new acidulant formulations with improved functionalities and application-specific properties. Customized acidulant blends are being created to meet the specific requirements of different food and beverage products. Regional dynamics also influence the demand for food acidulants. Emerging economies in the Asia-Pacific region, such as China and India, are witnessing significant growth due to factors like rising disposable incomes, urbanization, and a thriving food and beverage industry.
The regulatory environment plays a crucial role in the market as well. Compliance with stringent regulations related to food safety, labeling, and ingredient approval is essential for market players to ensure product safety and maintain their market presence. Lastly, there is a growing focus on sustainable sourcing and production practices in the food acidulants market. Manufacturers are adopting eco-friendly manufacturing processes, reducing waste generation, and ensuring responsible sourcing of raw materials to address environmental concerns.
US Food Acidulants Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Citric acid
Fastest Growth
Malic Acid
Growth Rate
4.2% CAGR
Global Food Acidulants Market ($ Bn)
Country Share for North America Region (%)
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Food Acidulants Market Segmental Analysis
The global food acidulants market is segmented by type, application, and region. Based on type, the market can be segmented into Citric acid, Lactic acid, Acetic acid, Phosphoric acid, Malic acid and Tartaric acid . Based on application, the market is segmented into Beverages, Dairy and frozen products, Bakery and Confectionary, Processed Foods, Sauces, Dressings and Condiments. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Food Acidulants Market Analysis by Type
In the global food acidulants market, citric acid is the most dominant type. Citric acid is widely used as a food acidulant due to its versatile properties, including its ability to enhance flavors, regulate pH levels, and act as a preservative. It finds extensive applications in beverages, confectionery, bakery products, and processed foods. On the other hand, the fastest-growing type in the global food acidulants market is malic acid. Malic acid has gained significant traction in recent years due to its sour taste and unique flavor characteristics. It is widely utilized in the production of fruit-flavored beverages, candies, and sour confectionery. The increasing consumer preference for sour and tangy flavors, coupled with the growing demand for natural and clean label ingredients, is driving the adoption of malic acid in the food industry.
Food Acidulants Market Analysis by Application
The most dominant application segment in the global food acidulants market is beverages. Beverages, including carbonated drinks, fruit juices, and flavored water, account for a significant share of the overall consumption of food acidulants. Acidulants are widely used in beverages to provide tartness, balance sweetness, enhance flavors, and improve the overall sensory experience for consumers. The growing demand for a variety of beverages, driven by factors such as changing consumer preferences, increasing urbanization, and rising disposable incomes, contributes to the dominance of the beverage segment in the food acidulants market. Meanwhile, the fastest-growing application segment in the global food acidulants market is expected to be processed foods. Processed foods encompass a wide range of products, including sauces, dressings, snacks, and ready-to-eat meals.
Acidulants play a crucial role in processed foods by providing acidity, enhancing flavors, and extending shelf life. The convenience and time-saving aspects of processed foods, along with the rising demand for on-the-go and ready-to-eat options, are driving the growth of this segment. Additionally, the increasing urbanization, busy lifestyles, and expanding retail sector in developing economies contribute to the growing consumption of processed foods, thereby fueling the demand for food acidulants in this application segment.
Global Food Acidulants Market By Type
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Food Acidulants Market Regional Insights
North America is the most dominant region in the global food acidulants market. The dominance of North America can be attributed to several factors, including the presence of a well-established food and beverage industry, high consumer demand for processed and convenience foods, and robust food safety regulations. The region is home to major players in the food acidulants market, who continuously innovate and introduce new acidulant products to cater to the evolving consumer preferences.
On the other hand, the Asia Pacific region is witnessing the fastest growth in the global food acidulants market. The region's rapid economic growth, increasing population, and changing dietary patterns are driving the demand for processed foods and beverages. Rising urbanization, expanding middle-class population, and growing disposable incomes contribute to the increased consumption of convenience foods and ready-to-drink beverages in countries such as China, India, and Southeast Asian nations. Additionally, the food industry in the Asia Pacific region is experiencing significant technological advancements and investments, leading to the adoption of food acidulants to improve product quality, flavor profiles, and shelf life. These factors position the Asia Pacific region as the fastest-growing market for food acidulants, presenting lucrative opportunities for manufacturers and suppliers to expand their presence and tap into the growing consumer base.
Global Food Acidulants Market By Region
- Largest
- Fastest
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Food Acidulants Market Dynamics
Food Acidulants Market Drivers
Increasing Demand of Processed Foods and Beverages
- The increasing demand for beverages and processed foods serves as a significant driver for the global food acidulants market. The rising consumer preference for convenience, ready-to-drink beverages, and processed food products has created a surge in the demand for acidulants. Acidulants play a crucial role in these products by providing acidity, tartness, and flavor enhancement, which are essential for achieving the desired taste profile and sensory experience.
- Acidulants are widely used in carbonated drinks, fruit juices, sauces, dressings, and other processed foods to balance flavors, extend shelf life, and enhance overall product quality. With the growing population, urbanization, and changing lifestyles, the demand for such convenience foods and beverages is expected to continue rising, driving the need for food acidulants. Manufacturers and food processors are actively incorporating acidulants to meet the consumer demand for diverse and flavorful products while ensuring product stability and prolonged shelf life.
Food Acidulants Market Restraints
Safety and Health Concerns on use of Acidulants
- Safety and health concerns regarding the use of acidulants pose as significant restraints in the global food acidulants market. Acidulants are commonly used in the food industry to enhance flavor, improve shelf life, and maintain the quality of food products. However, there is growing consumer awareness and scrutiny regarding the potential health effects of certain acidulants. Some acidulants, such as citric acid, tartaric acid, and phosphoric acid, have been associated with adverse health effects when consumed in excessive amounts. Concerns over dental erosion, gastrointestinal issues, and the potential long-term health impacts of acidulants have prompted regulatory bodies to impose stricter guidelines and limits on their usage in food products.
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Food Acidulants Market Competitive Landscape
The competitive landscape of the global food acidulants market is characterized by the presence of numerous key players who are actively striving to gain a competitive edge in the industry. These companies employ various strategies, including mergers and acquisitions, partnerships, collaborations, and product innovations, to strengthen their market position. In order to maintain a comprehensive overview of the market landscape, the Food Acidulants Market research report closely monitors these leading competitors, providing strategic analysis, examining micro and macro market trends and scenarios, conducting pricing analysis, and presenting a holistic overview of the market conditions throughout the forecast period. This professional and detailed report focuses on identifying primary and secondary drivers, analyzing market share, exploring leading segments, and conducting geographical analysis. Additionally, the report reviews key players, major collaborations, merger and acquisition activities, as well as trending innovations and business policies to provide valuable insights into the global food acidulants market.
Food Acidulants Market Top Player’s Company Profiles
- Jungbunzlauer Suisse AG (Switzerland)
- Bartek Ingredients Inc. (Canada)
- FBC Industries, Inc. (United States)
- Prinova Group LLC (United States)
- Corbion NV (Netherlands)
- ADM WILD Europe GmbH & Co. KG (Germany)
- Weifang Ensign Industry Co., Ltd. (China)
- Fuerst Day Lawson Ltd. (United Kingdom)
- Celrich Products Pvt. Ltd. (India)
- Merko Group LLC (Russia)
- Avantor, Inc. (United States)
- Isegen South Africa (Pty) Ltd. (South Africa)
- Caremoli Group (Italy)
- Dezhou Runde Metal Products Co., Ltd. (China)
- Foodchem International Corporation (China)
- COFCO Biochemical (Anhui) Co., Ltd. (China)
- Shandong Tong Tai Wei Run Chemical Co., Ltd. (China)
Food Acidulants Market Recent Developments
- In January 2024, Roebuck Food Group announced the acquisition of Scottish ingredients supplier Moorhead & McGavin.
- In July 2023, value-added ingredients firm JDM Food Group merged with US-based Henry Broch Foods (HBF) to create a new parent company, Jardin and Broch.
- In July 2022, Primient, a company created through a Tate & Lyle transaction, entered the global food and ingredients market with a portfolio of products and application expertise for the food, beverage, paper, packaging, personal care, apparel and animal nutrition industries. Within foods and beverages, Primient will be active in the acidulants and sweeteners categories.
Food Acidulants Key Market Trends
- The global food acidulants market is witnessing significant market trends that are shaping the industry landscape. One key trend is the shift towards natural acidulants, driven by consumer demand for clean label products. Manufacturers are focusing on developing natural acidulants derived from fruits and vegetables to meet this growing demand. Another trend is the innovation in acidulant blends, as companies are investing in research and development to create unique blends that offer distinct taste profiles and functional benefits. Citric acid is experiencing rising demand due to its versatile properties and widespread use in processed foods. Acidulants also find extensive applications in non-alcoholic beverages, driven by changing consumer preferences and lifestyles. Manufacturers are expanding their production facilities in emerging markets to meet the growing demand in these regions. Sustainability is another focus, with companies adopting sustainable sourcing and production practices. These market trends reflect the industry's dynamic nature, and companies are strategically incorporating them to stay competitive in the global food acidulants market.
Food Acidulants Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global food acidulants market analysis is experiencing significant growth, driven by the increasing demand for processed foods and beverages and increasing safety and health concerns on use of acidulants in various regions. Food acidulants find widespread application in diverse food and beverage products such as carbonated soft drinks, jams, jellies, sauces, dressings, dairy products, and confectionery items. Their inclusion in these products enhances taste profiles, contributes to flavor development, and helps extend the shelf life of the food. The global food acidulants market is highly competitive, with a significant number of key players vying to establish a strong foothold in the industry. These companies are actively engaged in various strategies to gain a competitive edge over their rivals. They focus on factors such as product innovation, mergers and acquisitions, partnerships, and collaborations to enhance their market position and expand their customer base. The competition among these players drives continuous advancements and improvements in the food acidulants market, benefiting both the industry and consumers. As a result, customers can expect a wide range of high-quality food-acidulant products and innovative solutions to cater to their diverse needs and preferences.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.86 Billion |
| Market size value in 2031 | USD 7.04 Billion |
| Growth Rate | 4.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Food Acidulants Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Food Acidulants Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Food Acidulants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Acidulants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Acidulants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Food Acidulants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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