Market Size of Food Acidulants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Food Acidulants Market Analysis
The food acidulants market is projected to register a CAGR of 7.4% during the forecast period (2022 - 2027).
The outbreak of the COVID-19 pandemic has resentfully impacted the worldwide market for acidulants. The demand for end products has decreased in the foodservice industry at the time of lockdown as there were government restrictions worldwide on exporting raw materials from several countries, which unpredictably impacted the production of giant food and beverage manufacturers. 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 distraught supply chain of the ingredients majorly impacted the growth of the market.
The utilization of acidulants in the formulations of animal feed has also dropped at the time COVID-19 pandemic due to lockdown restraints. Nevertheless, the acidulant market is predicted to regain traction steadily in the near future, with the accessibility and numerous substitutes to food and beverage manufacturers.
Acidulants provide beverage producers with a huge variety of beneficial characteristics consisting of nutritious value, pleasant tasting, and sensory appeal, which would intensify consumer captivity in regards to their product that will help to assist the demand of the product, which in turn, accelerate the global acidulant market.
