Food Acidulants Market

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

Report Id: KBV-23382 Publication Date: July-2024 Number of Pages: 289
2023
USD 5.8 Billion
2031
USD 8.6 Billion
CAGR
5.1%
Historical Data
2020 to 2022

Market Report Description

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.

Food Acidulants Market Size - Global Opportunities and Trends Analysis Report 2020-2031

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.

Driving and Restraining Factors
Food Acidulants Market
  • Increasing demand for processed foods
  • Growing awareness of food preservation
  • Expansion of the beverage industry
  • Cost and price volatility of raw materials
  • Limited shelf life of acidulants
  • Application in fermented foods
  • Growth in functional foods and beverages
  • Substitution by alternative ingredients
  • Focus on reducing food additives

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.

Food Acidulants Market Share and Industry Analysis Report 2023

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.

Free Valuable Insights: Global Food Acidulants Market size to reach USD 8.6 Billion by 2031

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.

Food Acidulants Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 5.8 Billion
Market size forecast in 2031 USD 8.6 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 5.1% from 2024 to 2031
Quantitative Data Volume in Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031
Number of Pages 289
Tables 610
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdowns, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Type, Application, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included 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. and Hawkins Watts Limited
Need a report that reflects how COVID-19 has impacted this market and its growth? Download Free Sample Now

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

Food Acidulants Market Report Segmentation

By Application (Volume, Tonnes, USD Billion, 2020-2031)

  • Beverages
  • Bakery & Confectionery
  • Dairy & Frozen Desserts
  • Meat Industry
  • Others

By Type (Volume, Tonnes, USD Billion, 2020-2031)

  • Citric Acid
  • Acetic Acid
  • Lactic Acid
  • Phosphoric Acid
  • Malic Acid
  • Others

By Geography (Volume, Tonnes, USD Billion, 2020-2031)

  • 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
HAVE A QUESTION?

HAVE A QUESTION?

Call: +1(646) 600-5072

SPECIAL PRICING & DISCOUNTS


  • Buy Sections of This Report
  • Buy Country Level Reports
  • Request for Historical Data
  • Discounts Available for Start-Ups & Universities

Unique Offerings Unique Offerings


  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Support with 10% customization free after sale

Trusted by over
5000+ clients

Our team of dedicated experts can provide you with attractive expansion opportunities for your business.

Client Logo