Global Food Acidulants Market Size, Share & Trends Analysis Report By Application, By Type (Citric Acid, Acetic Acid, Lactic Acid, Phosphoric Acid, Malic Acid and Others), By Regional Outlook and Forecast, 2024 - 2031
The Global Food Acidulants Market size is expected to reach $8.6 billion by 2031, rising at a market growth of 5.1% CAGR during the forecast period. In the year 2023, the market attained a volume of 7,485.8 tonnes experiencing a growth of 15.9% (2020-2023).
The beverage industry in North America is seeing significant growth, particularly in segments like energy drinks, flavored waters, and functional beverages. Acidulants are essential in these products for flavor enhancement, carbonation control, and microbial stability. Consequently, the North American region would acquire nearly 30% of the total market share by 2031. Also, the US market would consume 70.5 tonnes of malic acid by 2031. The innovation in beverage formulations, including the rise of plant-based and non-alcoholic beverages, further fuels the demand for food acidulants.
More convenient eating options are in greater demand because modern lifestyles feature busier schedules. In addition, urbanization and the adoption of Western dietary patterns in emerging economies have led to an increased consumption of processed and convenience foods. In conclusion, increasing demand for processed foods is driving the food acidulants market's growth. Additionally, Concerns over food safety and the possibility of eating tainted or damaged food items are growing among consumers. Furthermore, food waste is a global challenge with significant economic, environmental, and social implications. Therefore, growing awareness of food preservation is driving the market's growth.
However, Many food acidulants are derived from agricultural commodities, such as fruits, grains, and vegetables. Seasonal variations, weather, and worldwide supply and demand dynamics are some of the factors that might affect the prices of various raw resources. Likewise, food acidulant producers often rely on imported raw materials from different regions or countries. Thus, raw materials cost and price volatility are hindering market growth.
Application Outlook
On the basis of application, the food acidulants market is segmented into beverages, bakery & confectionery, dairy & frozen desserts, meat industry, and others. In 2023, the bakery & confectionery segment attained a 26% revenue share in the food acidulants market. In terms of volume, the bakery & confectionery segment registered 2,032.2 tonnes in 2023. Acidulants are crucial in enhancing the texture and quality of bakery and confectionery products. In bakery applications, acidulants such as citric and lactic acid help condition dough, improving its elasticity, rise, and crumb structure.
Type Outlook
Based on type, the food acidulants market is divided into citric acid, acetic acid, lactic acid, phosphoric acid, malic acid, and others. In 2023, the lactic acid segment witnessed a 11.5% revenue share in the food acidulants market. Lactic acid exhibits antimicrobial properties, making it an effective natural preservative in food and beverage products. It inhibits the growth of molds, harmful bacteria, and yeasts, extending the shelf life of perishable items such as dairy products, meat products, salad dressings, and sauces.
Regional Outlook
Region-wise, the food acidulants market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed 36% revenue share in the food acidulants market in 2023. This region includes some of the world's most populous countries, such as China and India. Rapid urbanization in these nations is driving changes in lifestyle and eating habits, resulting in an increased consumption of convenience and processed foods and beverages.
List of Key Companies Profiled
- Tate & Lyle Plc
- Brenntag SE
- Univar Solutions, Inc.
- Archer Daniels Midland Company
- Jungbunzlauer Suisse AG
- Cargill, Incorporated
- Corbion N.V.
- Bartek Ingredients Inc. (TorQuest Partners)
- FBC Industries Inc.
- Hawkins Watts Limited
By Application (Volume, Tonnes, USD Billion, 2020-2031)
- Beverages
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Meat Industry
- Others
- Citric Acid
- Acetic Acid
- Lactic Acid
- Phosphoric Acid
- Malic Acid
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Food Acidulants Market, by Application
- 1.4.2 Global Food Acidulants Market, by Type
- 1.4.3 Global Food Acidulants Market, by Geography
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Global Food Acidulants Market by Application
- 4.1 Global Beverages Market by Region
- 4.2 Global Bakery & Confectionery Market by Region
- 4.3 Global Dairy & Frozen Desserts Market by Region
- 4.4 Global Meat Industry Market by Region
- 4.5 Global Others Market by Region
- Chapter 5. Global Food Acidulants Market by Type
- 5.1 Global Citric Acid Market by Region
- 5.2 Global Acetic Acid Market by Region
- 5.3 Global Lactic Acid Market by Region
- 5.4 Global Phosphoric Acid Market by Region
- 5.5 Global Malic Acid Market by Region
- 5.6 Global Others Market by Region
- Chapter 6. Global Food Acidulants Market by Region
- 6.1 North America Food Acidulants Market
- 6.1.1 North America Food Acidulants Market by Application
- 6.1.1.1 North America Beverages Market by Country
- 6.1.1.2 North America Bakery & Confectionery Market by Country
- 6.1.1.3 North America Dairy & Frozen Desserts Market by Country
- 6.1.1.4 North America Meat Industry Market by Country
- 6.1.1.5 North America Others Market by Country
- 6.1.2 North America Food Acidulants Market by Type
- 6.1.2.1 North America Citric Acid Market by Country
- 6.1.2.2 North America Acetic Acid Market by Country
- 6.1.2.3 North America Lactic Acid Market by Country
- 6.1.2.4 North America Phosphoric Acid Market by Country
- 6.1.2.5 North America Malic Acid Market by Country
- 6.1.2.6 North America Others Market by Country
- 6.1.3 North America Food Acidulants Market by Country
- 6.1.3.1 US Food Acidulants Market
- 6.1.3.1.1 US Food Acidulants Market by Application
- 6.1.3.1.2 US Food Acidulants Market by Type
- 6.1.3.2 Canada Food Acidulants Market
- 6.1.3.2.1 Canada Food Acidulants Market by Application
- 6.1.3.2.2 Canada Food Acidulants Market by Type
- 6.1.3.3 Mexico Food Acidulants Market
- 6.1.3.3.1 Mexico Food Acidulants Market by Application
- 6.1.3.3.2 Mexico Food Acidulants Market by Type
- 6.1.3.4 Rest of North America Food Acidulants Market
- 6.1.3.4.1 Rest of North America Food Acidulants Market by Application
- 6.1.3.4.2 Rest of North America Food Acidulants Market by Type
- 6.2 Europe Food Acidulants Market
- 6.2.1 Europe Food Acidulants Market by Application
- 6.2.1.1 Europe Beverages Market by Country
- 6.2.1.2 Europe Bakery & Confectionery Market by Country
- 6.2.1.3 Europe Dairy & Frozen Desserts Market by Country
- 6.2.1.4 Europe Meat Industry Market by Country
- 6.2.1.5 Europe Others Market by Country
- 6.2.2 Europe Food Acidulants Market by Type
- 6.2.2.1 Europe Citric Acid Market by Country
- 6.2.2.2 Europe Acetic Acid Market by Country
- 6.2.2.3 Europe Lactic Acid Market by Country
- 6.2.2.4 Europe Phosphoric Acid Market by Country
- 6.2.2.5 Europe Malic Acid Market by Country
- 6.2.2.6 Europe Others Market by Country
- 6.2.3 Europe Food Acidulants Market by Country
- 6.2.3.1 Germany Food Acidulants Market
- 6.2.3.1.1 Germany Food Acidulants Market by Application
- 6.2.3.1.2 Germany Food Acidulants Market by Type
- 6.2.3.2 UK Food Acidulants Market
- 6.2.3.2.1 UK Food Acidulants Market by Application
- 6.2.3.2.2 UK Food Acidulants Market by Type
- 6.2.3.3 France Food Acidulants Market
- 6.2.3.3.1 France Food Acidulants Market by Application
- 6.2.3.3.2 France Food Acidulants Market by Type
- 6.2.3.4 Russia Food Acidulants Market
- 6.2.3.4.1 Russia Food Acidulants Market by Application
- 6.2.3.4.2 Russia Food Acidulants Market by Type
- 6.2.3.5 Spain Food Acidulants Market
- 6.2.3.5.1 Spain Food Acidulants Market by Application
- 6.2.3.5.2 Spain Food Acidulants Market by Type
- 6.2.3.6 Italy Food Acidulants Market
- 6.2.3.6.1 Italy Food Acidulants Market by Application
- 6.2.3.6.2 Italy Food Acidulants Market by Type
- 6.2.3.7 Rest of Europe Food Acidulants Market
- 6.2.3.7.1 Rest of Europe Food Acidulants Market by Application
- 6.2.3.7.2 Rest of Europe Food Acidulants Market by Type
- 6.3 Asia Pacific Food Acidulants Market
- 6.3.1 Asia Pacific Food Acidulants Market by Application
- 6.3.1.1 Asia Pacific Beverages Market by Country
- 6.3.1.2 Asia Pacific Bakery & Confectionery Market by Country
- 6.3.1.3 Asia Pacific Dairy & Frozen Desserts Market by Country
- 6.3.1.4 Asia Pacific Meat Industry Market by Country
- 6.3.1.5 Asia Pacific Others Market by Country
- 6.3.2 Asia Pacific Food Acidulants Market by Type
- 6.3.2.1 Asia Pacific Citric Acid Market by Country
- 6.3.2.2 Asia Pacific Acetic Acid Market by Country
- 6.3.2.3 Asia Pacific Lactic Acid Market by Country
- 6.3.2.4 Asia Pacific Phosphoric Acid Market by Country
- 6.3.2.5 Asia Pacific Malic Acid Market by Country
- 6.3.2.6 Asia Pacific Others Market by Country
- 6.3.3 Asia Pacific Food Acidulants Market by Country
- 6.3.3.1 China Food Acidulants Market
- 6.3.3.1.1 China Food Acidulants Market by Application
- 6.3.3.1.2 China Food Acidulants Market by Type
- 6.3.3.2 Japan Food Acidulants Market
- 6.3.3.2.1 Japan Food Acidulants Market by Application
- 6.3.3.2.2 Japan Food Acidulants Market by Type
- 6.3.3.3 India Food Acidulants Market
- 6.3.3.3.1 India Food Acidulants Market by Application
- 6.3.3.3.2 India Food Acidulants Market by Type
- 6.3.3.4 South Korea Food Acidulants Market
- 6.3.3.4.1 South Korea Food Acidulants Market by Application
- 6.3.3.4.2 South Korea Food Acidulants Market by Type
- 6.3.3.5 Australia Food Acidulants Market
- 6.3.3.5.1 Australia Food Acidulants Market by Application
- 6.3.3.5.2 Australia Food Acidulants Market by Type
- 6.3.3.6 Malaysia Food Acidulants Market
- 6.3.3.6.1 Malaysia Food Acidulants Market by Application
- 6.3.3.6.2 Malaysia Food Acidulants Market by Type
- 6.3.3.7 Rest of Asia Pacific Food Acidulants Market
- 6.3.3.7.1 Rest of Asia Pacific Food Acidulants Market by Application
- 6.3.3.7.2 Rest of Asia Pacific Food Acidulants Market by Type
- 6.4 LAMEA Food Acidulants Market
- 6.4.1 LAMEA Food Acidulants Market by Application
- 6.4.1.1 LAMEA Beverages Market by Country
- 6.4.1.2 LAMEA Bakery & Confectionery Market by Country
- 6.4.1.3 LAMEA Dairy & Frozen Desserts Market by Country
- 6.4.1.4 LAMEA Meat Industry Market by Country
- 6.4.1.5 LAMEA Others Market by Country
- 6.4.2 LAMEA Food Acidulants Market by Type
- 6.4.2.1 LAMEA Citric Acid Market by Country
- 6.4.2.2 LAMEA Acetic Acid Market by Country
- 6.4.2.3 LAMEA Lactic Acid Market by Country
- 6.4.2.4 LAMEA Phosphoric Acid Market by Country
- 6.4.2.5 LAMEA Malic Acid Market by Country
- 6.4.2.6 LAMEA Others Market by Country
- 6.4.3 LAMEA Food Acidulants Market by Country
- 6.4.3.1 Brazil Food Acidulants Market
- 6.4.3.1.1 Brazil Food Acidulants Market by Application
- 6.4.3.1.2 Brazil Food Acidulants Market by Type
- 6.4.3.2 Argentina Food Acidulants Market
- 6.4.3.2.1 Argentina Food Acidulants Market by Application
- 6.4.3.2.2 Argentina Food Acidulants Market by Type
- 6.4.3.3 UAE Food Acidulants Market
- 6.4.3.3.1 UAE Food Acidulants Market by Application
- 6.4.3.3.2 UAE Food Acidulants Market by Type
- 6.4.3.4 Saudi Arabia Food Acidulants Market
- 6.4.3.4.1 Saudi Arabia Food Acidulants Market by Application
- 6.4.3.4.2 Saudi Arabia Food Acidulants Market by Type
- 6.4.3.5 South Africa Food Acidulants Market
- 6.4.3.5.1 South Africa Food Acidulants Market by Application
- 6.4.3.5.2 South Africa Food Acidulants Market by Type
- 6.4.3.6 Nigeria Food Acidulants Market
- 6.4.3.6.1 Nigeria Food Acidulants Market by Application
- 6.4.3.6.2 Nigeria Food Acidulants Market by Type
- 6.4.3.7 Rest of LAMEA Food Acidulants Market
- 6.4.3.7.1 Rest of LAMEA Food Acidulants Market by Application
- 6.4.3.7.2 Rest of LAMEA Food Acidulants Market by Type
- Chapter 7. Company Profiles
- 7.1 Tate & Lyle PLC
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental & Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 SWOT Analysis
- 7.2 Brenntag SE
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 SWOT Analysis
- 7.3 Univar Solutions, Inc.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental Analysis
- 7.3.4 SWOT Analysis
- 7.4 Archer Daniels Midland Company
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Acquisition and Mergers:
- 7.4.6 SWOT Analysis
- 7.5 Jungbunzlauer Suisse AG
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Acquisition and Mergers:
- 7.5.3 SWOT Analysis
- 7.6 Cargill, Incorporated
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 Corbion N.V.
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expenses
- 7.7.5 SWOT Analysis
- 7.8 Bartek Ingredients Inc. (TorQuest Partners)
- 7.8.1 Company Overview
- 7.9 FBC Industries Inc.
- 7.9.1 Company Overview
- 7.10. Hawkins Watts New Zealand
- 7.10.1 Company Overview
- Chapter 8. Winning Imperatives of Food Acidulants Market
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