North America Food Acidulants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.81 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Food Acidulants Market Analysis
The North America food acidulants market is projected to record a CAGR of 5.81% during the forecast period (2020-2025).
- The North American food acidulant market is driven by the growing demand for processed food & beverage market and their consumption by the burgeoning middle-class population. Other factors like supply chain complexities, lack of cold storage chains, and also consumer demand for nutrition, have enabled food products to drive the market.
- A wide scope of application in the food and beverage industry coupled with the range of functional benefits provided by food acidulants are key factors driving the food acidulants market in the region.
- The market finds restraints in the form of huge competition in pricing, due to a large number of suppliers in the market. China-based players, especially in the citric acid segment, pose a high threat to western players present across the North American region.
North America Food Acidulants Market Trends
This section covers the major market trends shaping the North America Food Acidulants Market according to our research experts:
Citric Acid Holding a Significant Share
Citric acid is the most used acid in food products, due to its compatibility with most end products. In most processed foods, lactic acid is not only used to regulate acidity but also as an antioxidant and a preservative. The food and beverage industry has major applications for citric acid. The food additives segment is one of the leading applications for citric acid. It is one of the most utilized food acidulants, especially in carbonated soft drinks (CSDs). Also, the growing consumption of canned and processed meat in the developed markets of the region has created a strong demand for citric acids. Moreover, the uses of citric acid in processed frozen foods, and as an additive in some fats and oils, enhance the action of antioxidants, which effectively reduces the deterioration rate of these products. Thus, it creates the demand for citric acid in many food and beverage applications across the region.
United States Leading The Market
With the economic development along with dynamic food consumption behavior in the United States, the country outshines as a dominant market for the food and beverage industry supplementing the consumption of food acidulants across the region. Functional food ingredients are the dominant specialty ingredients that are used in a wide range of applications and are growing at a robust pace in the United States market. Moreover, the high demand for functional food products, due to their fortified, enriched, or enhanced food qualities, is ultimately leading to the high demand for these specialty food acidulants in the United States market. Specialty acidulants offer various functional properties as they act as antioxidants, curing and pickling agents, flavor enhancers, flavoring agents, leavening agents, pH control agents, sequestrate, and synergists.
North America Food Acidulants Industry Overview
Some of the players who have been profiled in the North American food acidulants market are Cargill, Incorporated, The Archer Daniels Midland Company, Brenntag AG, Tate & Lyle PLC, Prinova USA, Corbion N.V., and others. Manufacturers are adopting innovative technologies to increase their profit margins in the market.
North America Food Acidulants Market Leaders
-
Cargill, Incorporated
-
The Archer Daniels Midland Company
-
Brenntag AG
-
Tate & Lyle PLC
-
Corbion N.V.
*Disclaimer: Major Players sorted in no particular order
North America Food Acidulants Market Report - Table of Contents
-
1. INTRODUCTION
-
1.1 Study Deliverables
-
1.2 Study Assumptions
-
1.3 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 Force 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 Others
-
-
5.2 By Application
-
5.2.1 Beverages
-
5.2.2 Dairy & Frozen Products
-
5.2.3 Bakery
-
5.2.4 Meat Industry
-
5.2.5 Confectionery
-
5.2.6 Others
-
-
5.3 By Geography
-
5.3.1 United States
-
5.3.2 Canada
-
5.3.3 Mexico
-
5.3.4 Rest of North America
-
-
-
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 Cargill, Incorporated
-
6.4.2 The Archer Daniels Midland Company
-
6.4.3 Brenntag AG
-
6.4.4 Tate & Lyle PLC
-
6.4.5 Prinova USA
-
6.4.6 Corbion N.V.
-
6.4.7 Palmer Holland Inc.
-
6.4.8 Bartek Ingredients Inc.
-
- *List Not Exhaustive
-
-
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Food Acidulants Industry Segmentation
The North American food acidulants market is segmented based on type, application, and geography. By type, food acidulants market is segmented into citric acid, lactic acid, acetic acid, phosphoric acid, malic acid, and others. The application segment involves beverages, dairy & frozen products, bakery, meat industry, confectionery, and others. By geography, the market is segmented under the United States, Canada, Mexico, and Rest of North America.
| By Type | |
| Citric Acid | |
| Lactic Acid | |
| Acetic Acid | |
| Phosphoric Acid | |
| Malic Acid | |
| Others |
| By Application | |
| Beverages | |
| Dairy & Frozen Products | |
| Bakery | |
| Meat Industry | |
| Confectionery | |
| Others |
| By Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Food Acidulants Market Research FAQs
What is the current North America Food Acidulants Market size?
The North America Food Acidulants Market is projected to register a CAGR of 5.81% during the forecast period (2024-2029)
Who are the key players in North America Food Acidulants Market?
Cargill, Incorporated, The Archer Daniels Midland Company, Brenntag AG , Tate & Lyle PLC and Corbion N.V. are the major companies operating in the North America Food Acidulants Market.
What years does this North America Food Acidulants Market cover?
The report covers the North America Food Acidulants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Food Acidulants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Food Acidulants Industry Report
Statistics for the 2024 North America Food Acidulants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Food Acidulants analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
