Food Acidulants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Food Acidulants Market Analysis
The food acidulants market is projected to register a CAGR of 7.4% during the forecast period (2022 - 2027).
The outbreak of the COVID-19 pandemic has resentfully impacted the worldwide market for acidulants. The demand for end products has decreased in the foodservice industry at the time of lockdown as there were government restrictions worldwide on exporting raw materials from several countries, which unpredictably impacted the production of giant food and beverage manufacturers. As an impact of COVID-19, the demand for acidulants, especially citric acid, has witnessed a boost owing to its immunity-boosting property. However, the distraught supply chain of the ingredients majorly impacted the growth of the market.
The utilization of acidulants in the formulations of animal feed has also dropped at the time COVID-19 pandemic due to lockdown restraints. Nevertheless, the acidulant market is predicted to regain traction steadily in the near future, with the accessibility and numerous substitutes to food and beverage manufacturers.
Acidulants provide beverage producers with a huge variety of beneficial characteristics consisting of nutritious value, pleasant tasting, and sensory appeal, which would intensify consumer captivity in regards to their product that will help to assist the demand of the product, which in turn, accelerate the global acidulant market.
Food Acidulants Market Trends
This section covers the major market trends shaping the Food Acidulants Market according to our research experts:
Use of Citric Acid in Processed Food and Beverage
The global acidulants market is preliminarily driven by its robust utility factor across a diverse range of application areas. The global marketplace has witnessed the emergence of innovative beverages with exotic and ethnic fruit flavors and flavor blends with the use of citric acid. Citric acid is widely utilized in processed foods, confections, preserves, syrups, gelatin snacks, and desserts due to its properties which consist of preservatives, flavors, pH control, and synergetic with aspartame which helps to support the market growth and expand the food acidulants market worldwide. It is one of the most utilized food acidulants, especially in carbonated soft drinks (CSDs) and processed foods. Whereas the pH of citric acid also makes it useful in other ready-to-drink beverages and ready-to-eat food due to its natural occurrence facilitates its classification as a non-toxic component and makes it suitable for utilization in food products. Additionally, the functional superiority of citric acid in shelf-life enhancement, pH buffering, and providing flavor and tartness is higher than that of phosphoric, tartaric, and lactic acids.
Asia-Pacific Expected to Witness the Highest Growth Rate
Abundant availability, lower-cost production, wide application scope, and multi-functional attributes are a few factors augmenting the growth of the acidulant market in the Asia-Pacific region. Key players in the food acidulants market are posing a high threat to western players leading in production, export, and consumption, attributing to high domestic production of organic and inorganic acids. China is the largest producer and exporter of citric acid, having 4 out of 5 headquarters of major citric acid manufacturers in the world. Also, being the reserve for phosphates is again leading in the production of phosphoric acid, followed by the United States, Morocco, and Russia. Some of the region-based key players are Huangshi Xinghua Biochemical Co. Ltd and COFCO Biochemical.
Food Acidulants Industry Overview
Globally, the food acidulants market faces high competition, with the presence of both global and local players. Several giant companies are investing huge amounts in research and development and also focusing extensively on providing consumers with innovative offerings while including functional benefits in each of their products. There are several local companies in each region that are intensely competitive with global players (as these manufacturers price their products lower than most global players). The major players such as Jungbunzlauer Suisse AG, Cargill Incorporated, Tate & Lyle, Archer Daniels Midland Company, and Corbion NV are actively increasing production capacities to meet the rising demand of global consumers and to establish their presence in the market studied.
Food Acidulants Market Leaders
-
Jungbunzlauer Suisse AG
-
Cargill, Incorporated
-
Tate & Lyle
-
Archer Daniels Midland Company
-
Corbion N.V.
*Disclaimer: Major Players sorted in no particular order
Food Acidulants Market News
In 2021, a US-based investment company KPS Capital Partners, which provides industrial starches, acidulants, and many other products, acquired a majority stake holding in Tate & Lyle for USD billion 1.7. This acquisition provides KPS Capital Partners operative control over the major business of Tate & Lyle in the regions of Latin America and North America to expand its business and presence over Latin America and North America.
In 2021, Tate & Lyle PLC declared the construction of a new biomass boiler at its acidulants plant in Santa Rosa, Brazil. This construction targets reduction of greenhouse gas emissions and increases efficiency in the plants.
Food Acidulants Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Citric Acid
5.1.2 Lactic Acid
5.1.3 Acetic Acid
5.1.4 Phosphoric Acid
5.1.5 Malic Acid
5.1.6 Other Types
5.2 By Application
5.2.1 Beverages
5.2.2 Dairy and Frozen Products
5.2.3 Bakery
5.2.4 Meat Industry
5.2.5 Confectionery
5.2.6 Other Applications
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 South Africa
5.3.5.2 United Arab Emirates
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Tate & Lyle PLC
6.4.2 Archer Daniels Midland Company
6.4.3 Brenntag North America Inc.
6.4.4 Cargill Inc.
6.4.5 Hawkins Watts Limited
6.4.6 Jungbunzlauer Suisse AG
6.4.7 Fuerst Day Lawson Limited
6.4.8 Purac biochem BV
6.4.9 Corbion NV
6.4.10 Bartek Ingredients Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Food Acidulants Industry Segmentation
Acidulants are chemical elements that are being utilized to provide a tart flavor or a sharp taste to food and beverage items. The global food acidulants market is segmented based on type, application, and geography. By type, the food acidulants market is segmented into citric acid, lactic acid, acetic acid, phosphoric acid, malic acid, and other types. The application segment involves beverages, dairy and frozen products, bakery, meat industry, confectionery, and other applications. By geography, the market covers the major countries in North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. The report offers market size and forecasts for the food acidulants market in value (USD million) for all the above segments.
| By Type | |
| Citric Acid | |
| Lactic Acid | |
| Acetic Acid | |
| Phosphoric Acid | |
| Malic Acid | |
| Other Types |
| By Application | |
| Beverages | |
| Dairy and Frozen Products | |
| Bakery | |
| Meat Industry | |
| Confectionery | |
| Other Applications |
| By Geography | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Food Acidulants Market Research FAQs
What is the current Food Acidulants Market size?
The Food Acidulants Market is projected to register a CAGR of 7.40% during the forecast period (2024-2029)
Who are the key players in Food Acidulants Market?
Jungbunzlauer Suisse AG, Cargill, Incorporated, Tate & Lyle, Archer Daniels Midland Company and Corbion N.V. are the major companies operating in the Food Acidulants Market.
Which is the fastest growing region in Food Acidulants Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Food Acidulants Market?
In 2024, the Asia Pacific accounts for the largest market share in Food Acidulants Market.
What years does this Food Acidulants Market cover?
The report covers the Food Acidulants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Food Acidulants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Food Acidulants Industry Report
Statistics for the 2024 Food Acidulants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Food Acidulants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
