Food Acidulants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Food Acidulants Market is segmented by Type (Citric Acid, Lactic Acid, Acetic Acid, Phosphoric Acid, Malic Acid and Others), by Application (Beverages, Dairy & Frozen Products, Bakery, Meat Industry, Confectionery and Others) and Geography

Market Snapshot

food acidulants market
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

7.4 %

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Market Overview

The food acidulants market is projected to grow at a CAGR of 7.4% during the forecast period (2020 - 2025).

  • A wide scope of application in the food and beverage industry coupled with the range of functional benefits provided by food acidulants are key factors driving the food acidulants market globally.
  • In addition, the robust growth in the food and beverage sector majorly supports the market worldwide. With the economic development along with changing consumer behavior in Asia-Pacific, the region outshines as a promising market for the food and beverage industry supplementing the consumption of food acidulants.
  • By type, citric acid is the majorly produced and consumed food acidulants, which holds around 70% of its application in the food and beverage industry while 30% of total production is used in other industries.
  • As an impact of COVID-19, the demand for acidulants, especially citric acid has witnessed a boost owing to its immunity boosting property. However, the disturbed supply chain of the ingredients majorly impacted the growth of the market.

Scope of the Report

The global food acidulants market is segmented based on type, application, and geography. By type, food acidulants market is segmented into citric acid, lactic acid, acetic acid, phosphoric acid, malic acid, and others. The application segment involves beverages, dairy & frozen products, bakery, meat industry, confectionery, and others. By geography, the market covers the major countries in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Type
Citric Acid
Lactic Acid
Acetic Acid
Phosphoric Acid
Malic Acid
Others
By Application
Beverages
Dairy & Frozen products
Bakery
Meat Industry
Confectionery
Others
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
United Arab Emirates
Rest of Middle East and Africa

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Key Market Trends

Citric Acid Dominates the Market

The global citric acid market is preliminarily driven by its robust utility factor across a diverse range of application areas. It is one of the most utilized food acidulants, especially in carbonated soft drinks (CSDs). Whereas, the pH of citric acid also makes it useful in other ready-to-drink beverages and ready-to-eat food. The global marketplace has also witnessed the emergence of innovative beverages with exotic and ethnic fruit flavors and flavor blends with the use of citric acid. The natural occurrence of citric acid facilitates its classification as a non-toxic component and makes it suitable for use in food products. Additionally, the functional superiority of citric acid in shelf-life enhancement, pH buffering, and in providing flavor and tartness is higher than that of phosphoric, tartaric, and lactic acids to name a few. The robust demands for ready-to-drink (RTD) healthful beverages are facilitating the usage of citric acid.

Food Acidulants Market1

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Asia-Pacific Expected to Witness the Highest Growth Rate

Abundant availability, lower-cost production, wide application scope, and multi-functional attributes are few factors augmenting the growth of the acidulant market, in the Asia Pacific region. Key players in the food acidulants market are posing a high threat to western players leading in production, export as well as consumption in attributing to high domestic production of organic and inorganic acids. China is the largest producer and exporter of citric acid having 4 out of 5 headquarters of major citric acid manufacturers in the world. Also, being the reserve for phosphates is again leading in the production of phosphoric acid followed by the USA, Morocco, and Russia. Some of the region based key players are Huangshi Xinghua Biochemical Co.Ltd. and COFCO Biochemical.

Food Acidulants Market2

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Competitive Landscape

Globally, the food acidulants market faces high competition, with the presence of both global and local players. There are several local companies in each region that are intensely competitive with global players (as these manufacturers price their products lower than most global players). Key players are actively increasing production capacities to meet the rising demand of global consumers and to establish their presence in the market studied. Product innovation and expansion is the prominent strategy adopted by the leading players of the market with an aim to strengthen their position.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Citric Acid

      2. 5.1.2 Lactic Acid

      3. 5.1.3 Acetic Acid

      4. 5.1.4 Phosphoric Acid

      5. 5.1.5 Malic Acid

      6. 5.1.6 Others

    2. 5.2 By Application

      1. 5.2.1 Beverages

      2. 5.2.2 Dairy & Frozen products

      3. 5.2.3 Bakery

      4. 5.2.4 Meat Industry

      5. 5.2.5 Confectionery

      6. 5.2.6 Others

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Tate & Lyle PLC

      2. 6.4.2 Archer Daniels Midland Company

      3. 6.4.3 Brenntag North America, Inc.

      4. 6.4.4 Cargill Inc.

      5. 6.4.5 Hawkins Watts Limited

      6. 6.4.6 Jungbunzlauer Suisse AG

      7. 6.4.7 Corbion N.V.

      8. 6.4.8 Bartek Ingredients Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Food Acidulants Market market is studied from 2016 - 2026.

The Food Acidulants Market is growing at a CAGR of 7.4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

  • Tate & Lyle
  • Cargill, Incorporated
  • Archer Daniels Midland Company
  • Corbion NV
  • Jungbunzlauer Suisse AG

Are the major companies operating in Food Acidulants Market.

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