Market Size of Food Acidulants Industry
| 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 |
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 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 | |||||||||
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Food Acidulants Market Size Summary
The food acidulants market is experiencing a dynamic phase, driven by its extensive application across various sectors, particularly in the food and beverage industry. The market has shown resilience despite challenges posed by the COVID-19 pandemic, which initially disrupted supply chains and reduced demand in the foodservice sector. However, the pandemic also highlighted the benefits of acidulants like citric acid, known for its immunity-boosting properties, which spurred demand in certain areas. The market is poised for recovery and growth, supported by the increasing use of acidulants in innovative beverage formulations and their multifunctional benefits, such as flavor enhancement and pH control. Citric acid, in particular, remains a key component in processed foods and carbonated beverages, contributing significantly to market expansion.
In the Asia-Pacific region, the food acidulants market is bolstered by factors such as abundant availability, cost-effective production, and a wide application scope. The region's dominance is further strengthened by major producers like China, which leads in citric acid production and export. The competitive landscape is marked by both global and local players, with significant investments in research and development to innovate and meet consumer demands. Key industry players, including Jungbunzlauer Suisse AG, Cargill Incorporated, and Tate & Lyle, are expanding their production capacities to cater to the growing global demand. Strategic acquisitions and investments, such as KPS Capital Partners' stake in Tate & Lyle, are enhancing market presence and operational efficiency, particularly in Latin America and North America.
Food Acidulants Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Citric Acid
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2.1.2 Lactic Acid
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2.1.3 Acetic Acid
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2.1.4 Phosphoric Acid
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2.1.5 Malic Acid
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2.1.6 Other Types
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2.2 By Application
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2.2.1 Beverages
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2.2.2 Dairy and Frozen Products
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2.2.3 Bakery
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2.2.4 Meat Industry
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2.2.5 Confectionery
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2.2.6 Other Applications
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 South Africa
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2.3.5.2 United Arab Emirates
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2.3.5.3 Rest of Middle-East and Africa
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Food Acidulants Market Size 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.
