The global food acidulants market is predicted to develop at a CAGR of 5.3% starting in 2024, reaching USD XX million by 2024 and USD YY million by 2031.
Asia-Pacific dominates the market due to the expanding food processing industry, increased consumption of packaged goods, and rising disposable incomes. The market is growing primarily due to rising demand for natural food preservatives, increased awareness of clean-label products, and expanded uses of food acidulants in various food and beverage segments. However, changes in raw material prices and strict restrictions governing the use of synthetic acidulants may limit market growth to some extent.
Rising Demand for Natural and Clean-Label Food Ingredients Driving Market Growth
The increased consumer preference for natural and clean-label food ingredients is a major driver of demand for food acidulants, particularly natural acidulants like citric and lactic acid. Consumers are increasingly looking for food products with identifiable and minimally processed ingredients, which is projected to drive the use of natural acidulants in a variety of food and beverage applications. Ingredion's 2021 poll found that 80% of worldwide consumers choose goods with a short and straightforward ingredient list.
Expanding Applications of Food Acidulants in Diverse Food and Beverage Segments Boosting Market Growth
Food acidulants' expanding uses in a variety of food and beverage industries, including bakery and confectionery, dairy and frozen desserts, and sauces and dressings, are likely to drive market expansion. A variety of food products use food acidulants to improve flavour, regulate acidity, and extend shelf life. For example, in the baking business, acidulants such as citric acid and lactic acid are used to adjust pH, increase flavour, and improve baked items' texture and shelf life.
Fluctuations in Raw Material Prices and Stringent Regulations on Synthetic Acidulants Restraining Market Growth
The swings in raw material prices, particularly for synthetic acidulants made from petroleum-based feedstocks, may stymie the expansion of the food acidulant market. Crude oil price volatility can have an impact on synthetic acidulant production costs, resulting in price swings and hurting market players' profitability. Furthermore, severe rules on the use of synthetic acidulants, such as phosphoric acid, in certain jurisdictions may limit their use in food products and impede market expansion.
Citric Acid Segment to Dominate the Food Acidulants Market
Citric acid is predicted to have the greatest market share throughout the projection period due to its diverse applications in the food and beverage industry, as well as its natural and clean-label features. Citric acid is commonly employed as a flavouring ingredient, preservative, and pH regulator in a variety of culinary products, including soft drinks, fruit juices, jams, and candies. The growing demand for natural preservatives, as well as the increased consumption of citrus-based beverages, are likely to fuel the expansion of the citric acid segment.
The natural acidulants industry is likely to expand significantly in the future years, driven by rising consumer demand for natural and clean-label food components. Natural acidulants, such as citric acid generated from citrus fruits and lactic acid created during fermentation, are seen as healthier and more environmentally friendly alternatives to synthetic acidulants. In 2021, ADM introduced a new line of natural citrus flavours and extracts, including citric acid, to meet the increased demand for natural ingredients in the food and beverage industry.
The beverages segment had the biggest revenue share in 2020, owing to the widespread use of food acidulants in the manufacture of soft drinks, fruit juices, and other beverages. Acidulants are used to increase flavour, control acidity, and extend the shelf life of beverages. The increasing use of functional and fortified beverages, such as sports drinks and energy drinks, is predicted to boost the beverage segment's growth.
Asia-Pacific to Dominate the Global Food Acidulants Market
Asia-Pacific is predicted to lead the global food acidulants market during the forecast period, driven by the region's expanding food processing industry, rising packaged food consumption, and rising disposable incomes. The growing middle-class population and shifting dietary tastes are predicted to stimulate demand for processed and convenience meals that heavily use food acidulants. Cargill announced a USD 50 million investment in 2021 to expand its food component production facility in Cikande, Indonesia, in response to rising demand for food acidulants and other ingredients in Asia-Pacific.
The North American region is predicted to increase significantly throughout the forecast period, owing to rising demand for clean-label and natural food components, as well as the growing popularity of functional and fortified foods. The United States is North America's largest market for food acidulants, with a well-established food processing industry and strict food additive laws. Tate & Lyle will offer a new line of natural citric acid solutions generated from maize in 2021 to meet the growing demand for clean-label ingredients in North America.
The global food acidulants market is moderately consolidated, with a few important companies accounting for a sizable market share. Leading corporations are strengthening their market position through methods such as product innovation, regional expansion, and mergers and acquisitions.
For example, in 2021, Corbion purchased Granotec do Brazil, a major manufacturer of functional blends for the Brazilian bakery industry, in order to increase its presence in the Latin American market. Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle PLC, Corbion N.V., Brenntag AG, Hawkins Watts Limited, Univar Solutions Inc., and Purac Biochem B.V. are some of the market's key companies.
The food acidulants market is likely to rise steadily in the coming years, owing to factors such as rising demand for natural and clean-label food ingredients, expanded uses in a variety of food and beverage segments, and increased consumption of packaged and convenience foods. To achieve long-term success, market players must overcome obstacles such as raw material price changes and severe synthetic acidulant rules. Product innovation, backward integration, and collaboration with local suppliers will be critical for capitalising on growth prospects, especially in emerging regions.
Archer Daniels Midland Company
Cargill, Incorporated
Tate & Lyle PLC
Corbion N.V.
Brenntag AG
Hawkins Watts Limited
Univar Solutions Inc.
Purac Biochem B.V.
Jungbunzlauer Suisse AG
Bartek Ingredients Inc.
In February 2022, Archer Daniels Midland Company (ADM) announced the acquisition of Flavour Infusion International, S.A. (FISA), a prominent distributor of citrus ingredients and essential oils, in order to broaden its citrus offerings and fulfil the growing demand for natural citrus components.
In November 2021, Cargill, Incorporated introduced CitriTex, a new line of label-friendly citrus fibre products derived from citrus peels that provide stabilising and texturising capabilities in a variety of food applications, including bakery, dairy, and snack.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope and Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking—Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies List by Country) (Premium)*
5. COMPANY PROFILES
5.1. Archer Daniels Midland Company
5.2. Cargill, Incorporated
5.3. Tate & Lyle PLC
5.4. Corbion N.V.
5.5. Brenntag AG
5.6. Hawkins Watts Limited
5.7. Univar Solutions Inc.
5.8. Purac Biochem B.V.
5.9. Jungbunzlauer Suisse AG
5.10. Bartek Ingredients Inc.*
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Rising Demand for Natural and Clean-Label Food Ingredients Driving Market Growth
6.1.2. Growing Popularity of Fermented Acidulants
6.1.3. Increasing Focus on Sustainable Sourcing and Production of Acidulants
6.2. Market Drivers
6.2.1. Expanding Applications of Food Acidulants in Diverse Food and Beverage Segments Boosting Market Growth
6.2.2. Growing Consumption of Packaged and Convenience Foods
6.2.3. Rising disposable incomes and changing dietary preferences in emerging markets
6.3. Market Restraints
6.3.1. Fluctuations in Raw Material Prices and Stringent Regulations on Synthetic Acidulants Restraining Market Growth
6.3.2. Increasing Competition from Alternative Preservatives and Additives
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Citric Acid
7.1.1. Anhydrous Citric Acid
7.1.2. Citric Acid Monohydrate
7.2. Acetic Acid
7.2.1. Glacial Acetic Acid
7.2.2. Diluted Acetic Acid
7.3. Lactic Acid
7.3.1. L-Lactic Acid
7.3.2. D-Lactic Acid
7.3.3. DL-Lactic Acid
7.4. Malic Acid
7.4.1. L-Malic Acid
7.4.2. DL-Malic Acid
7.5. Phosphoric Acid
7.5.1. Phosphoric Acid, 75%
7.5.2. Phosphoric Acid 85%
7.6. Others
7.6.1. Fumaric Acid
7.6.2. Tartaric Acid
8. BY SOURCE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH)--2020-2031)
8.1. Synthetic
8.1.1. Petroleum-based
8.1.2. Coal-based
8.2. Natural
8.2.1. Fruits & vegetables
8.2.2. Fermentation
8.2.3. Others
9. BY FORM (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Liquid
9.1.1. Concentrated
9.1.2. Diluted
9.2. Powder
9.2.1. Granular
9.2.2. Fine
10. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. Beverages
10.1.1. Carbonated Soft Drinks
10.1.2. Fruit Juices and Nectars
10.1.3. Alcoholic Beverages
10.1.4. Others
10.2. Bakery & Confectionery
10.2.1. Cakes & Pastries
10.2.2. Biscuits & Cookies
10.2.3. Candies & Gums
10.2.4. Others
10.3. Dairy & Frozen Desserts
10.3.1. Yoghurt
10.3.2. Ice Cream
10.3.3. Cheese
10.3.4. Others
10.4. Meat Products
10.4.1. Processed Meat
10.4.2. Poultry
10.4.3. Seafood
10.5. Sauces, Dressings, and Condiments
10.5.1. Ketchup & Mayonnaise
10.5.2. Salad Dressings
10.5.3. Others
10.6. Processed Foods
10.6.1. Snacks & Savoury Products
10.6.2. Ready Meals
10.6.3. Soups & Sauces
10.6.4. Others
10.7. Others
10.7.1. Jams & preserves
10.7.2. Pickles & Chutneys
10.7.3. Pharmaceutical Products
11. BY REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)*
11.1. North America
11.1.1. United States
11.1.2. Canada
11.1.3. Mexico
11.2. South America
11.2.1. Brazil
11.2.2. Argentina
11.2.3. Rest of South America
11.3. Europe
11.3.1. Germany
11.3.2. United Kingdom
11.3.3. France
11.3.4. Italy
11.3.5. Spain
11.3.6. Russia
11.3.7. Rest of Europe
11.4. Asia-Pacific
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia
11.4.5. South Korea
11.4.6. Rest of Asia-Pacific
11.5. Middle-East
11.5.1. UAE
11.5.2. Saudi Arabia
11.5.3. Turkey
11.5.4. Rest of Middle East
11.6. Africa
11.6.1. South Africa
11.6.2. Egypt
11.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (2020-2031)
By Type:
Citric Acid
Acetic Acid
Lactic Acid
Malic Acid
Phosphoric Acid
Others
By Source:
Synthetic
Natural
By Form:
Liquid
Powder
By Application:
Beverages
Bakery & Confectionery
Dairy and frozen desserts
Meat Products
Sauces, Dressings, and Condiments
Processed foods
Others
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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