Acidulants Market Share, Size, Trends, Industry Analysis Report, By Type (Acetic Acid, Fumaric Acid, Citric Acid, Phosphoric Acid, Lactic Acid, Malic Acid, and Tartaric Acid); By Function; By Application; By Region; Segment Forecast, 2023 - 2032

Acidulants Market Share, Size, Trends, Industry Analysis Report, By Type (Acetic Acid, Fumaric Acid, Citric Acid, Phosphoric Acid, Lactic Acid, Malic Acid, and Tartaric Acid); By Function; By Application; By Region; Segment Forecast, 2023 - 2032

The global acidulants market size is expected to reach USD 4,099.55 million by 2032, according to a new study by Polaris Market Research. The report “Acidulants Market Share, Size, Trends, Industry Analysis Report, By Type (Acetic Acid, Fumaric Acid, Citric Acid, Phosphoric Acid, Lactic Acid, Malic Acid, and Tartaric Acid); By Function; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

An increasing number of consumers are gravitating towards sustainable and environmentally-friendly products made with sustainable elements, coupled with the drastic increase in processed food consumption globally due to the surge in urbanized population and the trend of hectic lifestyles, fueling the market's growth. Additionally, the growing investment by major government organizations in R&D activities or programs focused on improving the efficacy and quality of acidulants is further anticipated to create lucrative growth opportunities in the forecast period.

For instance, in March 2022, Brenntag completed the acquisition of a specialty chemicals distributor named Y.S. Ashkenazi Agencies, along with its subsidiary Biochem Trading, which will help the company develop a strong market presence nationwide.

The growing trend and penetration for incorporating advanced analytical methods and quality control processes to ensure the purity, safety, and quality of acidulants and the development of techniques such as high-performance liquid chromatography, mass spectrometry, and molecular analysis that help in accurate identification and quantification of acidulants in complex matrices, are likely to generate huge growth potential for the global market.

The major manufacturers operating in the market are now focusing on developing specialized acidulants tailored for specific applications such as dairy products, bakery applications, confectionery, and meat processing, among others, as these specialized acidulants possess several unique properties such as enhanced stability, controlled release, or improved functionality in specific food and beverage formulations, which in turn, positively influencing the product demand and growth.

Acidulants Market Report Highlights

Citric acid segment dominated the market with largest share in 2022, which is mainly attributed to its use in various application as it helps in digestion and nutrient absorption

Flavor enhancers segment is projected to grow at significant growth rate over the study period, on account of increasing demand for unique and exotic flavors among consumers and rising consumption of ready-to-eat products

Bakery & confectionery segment held the majority market share in terms of revenue, mainly due to growing product need in these products mainly to extend their shelf life and improve organoleptic qualities

Asia Pacific region accounted for over significant market share in 2022, owing to rapidly surging rate of urbanization and large consumer base fueling the product demand in food processing industry

The global key market players include Cargill Inc., Hawkins Watts Limited, Archer Daniels Midland Company, Batory Foods, Kemin Industries, and Novus International

Polaris Market Research has segmented the acidulants market report based on type, function, application, and region:

Acidulants, Type Outlook (Revenue - USD Million, 2023 - 2032)

Acetic Acid

Fumaric Acid

Citric Acid

Phosphoric Acid

Lactic Acid

Malic Acid

Tartaric Acid

Acidulants, Function Outlook (Revenue - USD Million, 2019 - 2032)

Flavor Enhancers

Microbial Control

pH Control

Preservatives

Others

Acidulants, Application Outlook (Revenue - USD Million, 2019 - 2032)

Bakery & Confectionery

Beverages

Dairy Food

Animal Nutrition

Others

Acidulants, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa