Global Acidity Regulators Market 2023-2030

Global Acidity Regulators Market 2023-2030

Global Acidity Regulators Market Size, Share & Trends Analysis Report by Product Type (Citric Acids, Acetic Acids, Phosphoric Acid, Malic Acid, and Lactic Acid), and by Application (Beverages, Proceeded Food, Bakery & Confectionery, Sauces, Condiments & Dressing and Other), Forecast Period (2023-2030)

The global acidity regulators market is anticipated to grow at a CAGR of 8.2% during the forecast period (2023-2030) owing to the rising demand for acidity regulators due to rise in consumption of fast food & beverages. Acidity regulators are used in a variety of food and beverage products to balance or improve flavor. Their pleasant tartness or acidity enhance the overall flavor character. Acidity regulators help to preserve food and beverages by creating an environment that prevents the growth of diseases and bacteria responsible for ruining food.

Segmental Outlook

The global acidity regulators market is segmented by the product type, and application. Based on the product type, the market is sub-segmented into citric acids, acetic acids, phosphoric acid, malic acid, and lactic acid. Further, based on the application, the market is sub-segmented into beverages, proceeded food, bakery & confectionery, sauces, condiments & dressing and other. Among the product type, the citric acids sub-segment is anticipated to hold a considerable share of the market. Citrus fruits are the source of citric acid, making it a popular choice for consumers seeking natural ingredients. The sour taste of citric acid enhances the flavor of processed foods, drinks, and confections. It suitable for diverse applications including pharmaceuticals, food & beverage, and personal care, further accelerate the market growth.

The Beverage Sub-Segment is Anticipated to Hold a Considerable Share of the Global Acidity Regulators Market

Among the application, the beverages sub-segment is expected to hold a considerable share of the global acidity regulators market. Acidity regulators which manage pH levels, play a crucial role in shaping taste, texture, and preservation in beverages. Commonly used acidity regulators in the beverage sector are citric acid, phosphoric acid, and malic acid. Acidity regulators offer several advantages to the beverage industry such as flavor consistency, preservation recipe, and flexibility. The rising demand in the non-alcoholic beverage is a key driver for the growth of the acidity regulators market. Non-alcoholic beverages sales through e-commerce channels have seen rise in recent years, there was an almost 50% growth in sales through e-commerce between 2019 and 2020. The young population is increasingly becoming health-conscious, driving the demand for zero-calorie beverages or others with fewer calories. For instance, in February 2022, Applied Nutrition launched its new L-Carnitine sports drink. It contains zero sugar, zero calories, 1,500 mg of L-Carnitine, vitamins B3, B6 & B12, and is mineral rich.

Regional Outlook

The global acidity regulators market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to increasing use of acidity regulators in food and beverages to maintain the pH balance. Consumers in North America are becoming increasingly health-conscious and are demanding natural and clean label products. Natural acidity regulators, such as citric acid and malic acid, are commonly used in the food and beverage industry to provide a tart taste and are perceived as safe and natural.

The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global Acidity regulators Market

Among all regions, the Asia-Pacific regions is anticipated to grow at a considerable CAGR over the forecast period owing to expansion of food and beverages industry in an emerging nation such as China, India and Japan, rising demand for packaged and quality dairy products, and presence of leading manufacturers. Healthier beverage choices are on consumers’ minds owing to healthy life style. Product launches with significant functional claims due to the impact of innovation in the food and beverage sector support market growth. Due to the high prevalence of diabetes in China and India, consumers are becoming more aware of the importance of a healthy beverages hence, consumers are opting for low-calorie, low-sugar, or sugar-free dietary in foods and beverages.

Acidity regulators plays crucial role in dairy industry as well. In cheese production, an acidity regulator such as lactic acid helps achieve the desired level of acidity, contributing to the flavor and texture of the cheese. Yogurt manufacturers often use an acidity regulator to maintain consistent acidity levels throughout the fermentation process. China is the largest dairy importer and in 2021, imports surged significantly due to rising demand from consumers and the food processing industry and increased food services activities. Increased in Chinese imports were highly concentrated in milk powders and whey products. According to Food and Agriculture Organization, in 2021 Asia, milk production reached 398 million tons and India ranked first position in the milk production accounted to 207 million tons.

Market Players Outlook

The major companies serving the acidity regulators market include Cargill, Incorporated, Corbion NV, Naturex SA, ADM, Celrich Products, Chemelco, F.B.C Industries, FDL Ltd, Fuerst Day Lawson Pvt. Ltd, Tate & Lyleand others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In February 2023, Corbion broadened its present cooperation with Azelis, service provider in the specialty chemicals and food ingredients industries in order to distribute Corbion goods in Malaysia and Singapore.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global acidity regulators market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.