Food Acidulants Market is projected to be valued at USD 7230.5 million by the end of 2027 with registering 4.50% CAGR during the forecast period, 2020–2027.
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. Food acidulants are used to control the pH level and aids in regulating the proper proportion of flavor and color of food and beverages. The Food Acidulants Market is projected to be valued at USD 7230.5 million by the end of 2030 with registering 4.50% CAGR during the forecast period, 2020-2030.
The 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 is likely to propel the growth of 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.
The market has been segmented based on product type, application, and region.
The food acidulants market has been classified, based on product type, into citric acid, lactic acid, sorbic acid, malic acid, acetic acid, and others.
The global market has been classified, based on application, into bakery & confectionery, dairy & frozen desserts, beverages, soups, sauces & dressings, sweet & savory snacks, and others.
The global market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American food acidulants industry has further been segmented into the US, Canada, and Mexico.
The European market has been classified as the UK, Germany, France, Italy, Spain, and the Rest of Europe.
The market in Asia-Pacific has been segmented into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. The food acidulants industry in the rest of the world has been segmented into South America, the Middle East, and Africa
Tate & Lyle PLC (UK), Archer Daniels Midland Company (US), Corbion Purac N.V.(Netherlands), RP International Limited (China), Cargill Incorporated (US), Global Specialty Ingredients (Malaysia), Nanjing Xiangshengtai Industry Co., Ltd (China), Hawkins Watts (New Zealand), Univar Solutions (US)
FBC Industries, Inc. (US), Suntran (China), Batory Foods, Inc. (US), and Fuerst Day Lawson (UK) are some of the key players in the food acidulants market.
Regional Market Summary
Among the regions, Europe is estimated to retain its dominance throughout the forecast period, 2019–2024, both in terms of value and volume. The growth for the market in the European countries is anticipated to be driven by several factors. One of the significant factors for the rising growth of food acidulants is the increasing consumption of bakery products by consumers in European countries. Due to the increasingly busy lifestyles, the consumers are more inclined towards the processed foods, which, in turn, accelerates the growth of food acidulants market during the forecast period. Germany and Italy are the major manufacturers of bakery & confectionery products across the Europe region. So, the market share of these countries is exceptionally high in these countries. However, Asia-Pacific is projected to witness a maximum growth rate during the forecast period. In Asia-Pacific, China is estimated to retain its dominance throughout the forecast period, 2019–2024. The production of food acidulants are high in China and the market is highly fragmented in China owing to the presence of several local and unorganized players. Additionally, India is also projected to expand at a massive growth rate during the forecast period in the region owing to the increasing consumer inclination towards the ready to eat food products.
Global Food Acidulants Market, by Product Type
Global Food Acidulants Market, by Application
Global Food Acidulants Market, by Region
Rest of the World (RoW)