About Food Acidulants
The global food acidulant market witnessed substantial growth within a few years and is anticipated to grow at a significant rate within the forecast period. Food acidulants are used as an additive in the production process of food and beverages as they impart a sharp or tart taste to the food items and beverages. Food acidulants are also used as preservatives to prolong the shelf life of the products. The global food acidulants market is anticipated to be driven by several factors. The food acidulants are used majorly in the production process of several carbonated beverages. Rising consumer inclination towards the various juices, soft drinks are likely to propel the growth of the global food acidulants market during the forecast period. Majorly lactic acid is used in the processed meat products to enlarge the shelf life of the products and to improve the water-binding capacity of meat products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 5.4% |
Globally, the food acidulants market faces high competition, with the presence of both global and local players. These companies are expanding their facilities and product portfolio, due to the growing demand for the confectionery and beverage segment in the Asian and African regions. Key players in the food acidulants market are posing a high threat to western players leading in production, export as well as consumption in attributing to high domestic production of organic and inorganic acids. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Food Acidulants market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tate & Lyle PLC (United Kingdom), Archer Daniels Midland Company (United States), Corbion Purac N.V.(Netherlands), RP International Limited (China), Cargill Incorporated (United States), Global Specialty Ingredients (Malaysia), Nanjing Xiangshengtai Industry Co., Ltd (China), Hawkins Watts (New Zealand), Univar Solutions(United States) and FBC Industries, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Suntran (China), Batory Foods, Inc. (United States) and Fuerst Day Lawson (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Food Acidulants market by Type (Acetic Acid, Fumaric Acid, Citric Acid, Phosphoric Acid, Lactic Acids, Malic Acid and Tartaric Acid), Application (Bakery and confectionary, Beverages, Dairy Food and Animal Nutrition) and Region.
On the basis of geography, the market of Food Acidulants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Function, the sub-segment i.e. Flavor Enhancer will boost the Food Acidulants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online Sales Channel will boost the Food Acidulants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Wide Application in Growing Confectionery Market, Increasing Use of Fumaric Acid in Bakery Products Stimulating the Market Growth and Enhancement of Functional Properties of Food Products through the Use of Acidulants
Market Growth Drivers:
A wide scope of application in the food and beverage industry coupled with the range of functional benefits provided by food acidulants and The robust growth in the food and beverage sector majorly supports the market worldwide.
Challenges:
Stringent government regulation regarding Food Acidulants
Restraints:
The availability of alternatives and the presence of side effects through excessive consumption
Opportunities:
Longer Taste Retention of Lactic Acid Helps to Mask the Bitter Aftertaste of Many Artificial Sweeteners, Organic Acidulants Gaining Extensive Acceptance and Growing Consumption of Convenience Food Products
Market Leaders and their expansionary development strategies
In September 2023, Cargill and Solidaridad are proud to announce a strategic global partnership across five countries to improve farmer livelihoods, increase use of climate-friendly farming practices, and improve conservation and responsible land use.
In November 2022, Citrosuco launched of Evera, its new business unit that will produce natural ingredients for different industries through the means of reuse technology of waste of the orange such as husks, peels, leaves, flowers, and seeds.
Key Target Audience
Food Acidulants Manufacturer, Food Acidulants Distributors, Suppliers, Government Regulatory Bodies, Government Research Organization, Private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.