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Acidulants Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Acidulants Market
1) Introduction
Acidulants are chemicals that are added to food and beverages to give them a tart or sour taste. They are also used to preserve food and prevent spoilage. Acidulants are available in various forms, including powders, granules, liquids, and gels.

The global acidulants market is expected to reach USD 7.06 billion by 2024, according to a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of 5.4% over the forecast period. Increasing demand for processed and convenience food is expected to be a key factor driving market growth.

Acidulants are used in a wide range of applications, including beverages, bakery, dairy, confectionery, processed foods, and others. Among these, beverages accounted for the largest share of the market in 2015. The segment is expected to grow at a CAGR of 5.8% over the forecast period.

The market is further segmented on the basis of type into citric acid, lactic acid, malic acid, acetic acid, fumaric acid, and phosphoric acid. Among these, citric acid held the largest share of the market in 2015 and is expected to grow at a CAGR of 5.5% over the forecast period.

The market is segmented on the basis of geography into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, Asia Pacific is expected to be the fastest-growing market over the forecast period, with a CAGR of 6.1%. The region is expected to be driven by the growing demand for processed and convenience food.

Some of the key players in the acidulants market include Cargill, Inc., Archer Daniels Midland Company, E.I. du Pont de Nemours and Company, Tate & Lyle PLC, and BASF SE.

2) Market Overview
Acidulants are chemicals used to regulate the acidity or alkalinity levels in food and beverage products. They are also known as pH regulators and are available in a variety of forms, such as acids, bases, and salts. Acidulants are used in a wide range of applications, such as baking, brewing, pickling, canning, and winemaking.

The global acidulants market is expected to grow at a CAGR of 4.5% from 2019 to 2024. The market is driven by the growing demand for acidulants from the food & beverage industry. Acidulants are used in a wide range of applications, such as baking, brewing, pickling, canning, and winemaking. The growing demand for processed and packaged food is expected to drive the market for acidulants over the forecast period.

The Asia-Pacific region is expected to be the fastest-growing market for acidulants, due to the growing demand from the food & beverage industry in the region. China is the largest market for acidulants in the Asia-Pacific region, followed by India and Japan. The Middle East & Africa is expected to be the second-fastest-growing market for acidulants, due to the growing demand from the food & beverage industry in the region.

The major players in the global acidulants market are Cargill (US), Archer Daniels Midland Company (US), BASF SE (Germany), DuPont (US), DowDuPont (US), and DSM (Netherlands).

This detailed market study covers the growth potential of the global acidulants market in terms of revenue and volume. The study includes an in-depth analysis of the market segments, regions, and countries. The study covers the impact of the COVID-19 pandemic on the acidulants market.

The report includes an in-depth analysis of the key players in the market, along with their company profiles, key financials, and recent developments. The report also includes a competitive landscape of the global acidulants market.

3) Market Drivers
Acidulants are added to food and beverage products to enhance their flavor or act as preservatives. The global acidulants market is driven by the growing demand for processed and packaged food. The rising population and the changing lifestyle of consumers are the major factors driving the growth of the acidulants market. The increasing disposable income of consumers is another factor that is fuelling the growth of the market.

The global acidulants market is further driven by the growing demand for organic and natural products. Consumers are becoming more aware of the health benefits of organic and natural products, and this is fuelling the growth of the acidulants market. The growing awareness of the environmental benefits of organic and natural products is another factor that is driving the growth of the market.

The growing demand for acidulants in the pharmaceutical industry is another factor that is driving the growth of the market. Acidulants are used in the manufacture of drugs and pharmaceuticals. The rising demand for drugs and pharmaceuticals is fuelling the growth of the acidulants market.

The rising cost of raw materials is the major factor restraining the growth of the acidulants market. The volatile prices of raw materials are hampering the growth of the market.

The global acidulants market is segmented on the basis of type, application, and geography. On the basis of type, the market is segmented into acetic acid, citric acid, lactic acid, malic acid, and others. On the basis of application, the market is segmented into food and beverage, pharmaceutical, cosmetics, and others.

The global acidulants market is dominated by North America, followed by Europe and Asia Pacific. North America is the largest market for acidulants due to the presence of a large number of food and beverage manufacturers in the region. Europe is the second-largest market for acidulants, followed by Asia Pacific.

The key players in the global acidulants market are BASF SE, Cargill Inc., Dow Chemical Company, DuPont, and Tate & Lyle plc.

4) Market Restraints
An acidulant is a food additive that helps to preserve food and enhance its flavor. However, there are several market restraints that are associated with the acidulants market.

The first restraint is the high cost of acidulants. Acidulants are typically more expensive than other food additives, which can make them difficult to purchase for some consumers. Additionally, the production of acidulants can be energy-intensive, which can also drive up costs.

The second restraint is regulatory uncertainty. The regulations surrounding acidulants are constantly changing, which can make it difficult for manufacturers to keep up. Additionally, these regulations can vary from country to country, making it difficult to export acidulants to other markets.

The third restraint is the limited availability of raw materials. Acidulants are typically made from natural ingredients, which can be difficult to source in large quantities. Additionally, the production of acidulants can require specialized equipment, which can also be difficult to obtain.

The fourth restraint is the health concerns associated with acidulants. Some research has linked the consumption of acidulants to health problems such as gastrointestinal distress, tooth enamel erosion, and bone loss. These health concerns can dissuade some consumers from purchasing acidulants.

5) Market Opportunities
The global acidulants market was valued at US$ 5.4 Bn in 2018 and is expected to expand at a CAGR of 4.5% from 2019 to 2027. The market is driven by the increasing demand for acidulants from the food & beverage industry. The growth of the food & beverage industry is expected to fuel the demand for acidulants over the forecast period. Acidulants are added to food & beverage products to enhance their taste, texture, and appearance.

The demand for acidulants is also increasing due to their wide range of applications in the pharmaceutical industry. Acidulants are used in the pharmaceutical industry for the manufacturing of various drugs and medicines. They are also used as excipients in the pharmaceutical industry. Acidulants are added to pharmaceutical products to improve their solubility, stability, and shelf life.

The increasing demand for processed and packaged food is another factor that is expected to drive the growth of the acidulants market. The demand for acidulants is expected to increase due to the growing demand for processed and packaged food. The growth of the packaged food industry is expected to fuel the demand for acidulants over the forecast period.

The increasing demand for organic and natural food products is another factor that is expected to drive the growth of the acidulants market. The demand for acidulants is expected to increase due to the growing demand for organic and natural food products. The growth of the organic food industry is expected to fuel the demand for acidulants over the forecast period.

The increasing demand for acidulants from the cosmetics industry is another factor that is expected to drive the growth of the acidulants market. The demand for acidulants is expected to increase due to the growing demand for cosmetics. The growth of the cosmetics industry is expected to fuel the demand for acidulants over the forecast period.

6) Market Segmentation
Acidulants are one of the most commonly used ingredients in the food and beverage industry. They are added to products to improve flavor, texture, and shelf life. The global acidulants market is expected to reach USD 14.8 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 5.1% over the forecast period.

The food and beverage industry is the largest end-use segment for acidulants and is expected to grow at a CAGR of 5.2% from 2016 to 2025. The demand for acidulants in the food and beverage industry is driven by the growing demand for processed and packaged food. The Asia Pacific region is the largest market for acidulants in the food and beverage industry, followed by Europe and North America.

The cosmetics and personal care industry is the second-largest end-use segment for acidulants and is expected to grow at a CAGR of 5.0% from 2016 to 2025. The demand for acidulants in the cosmetics and personal care industry is driven by the growing demand for skin care and hair care products. The Asia Pacific region is the largest market for acidulants in the cosmetics and personal care industry, followed by North America and Europe.

The pharmaceutical industry is the third-largest end-use segment for acidulants and is expected to grow at a CAGR of 4.8% from 2016 to 2025. The demand for acidulants in the pharmaceutical industry is driven by the growing demand for pharmaceuticals and nutraceuticals. The Asia Pacific region is the largest market for acidulants in the pharmaceutical industry, followed by North America and Europe.

The global acidulants market is segmented on the basis of type, application, and region.

On the basis of type, the acidulants market is segmented into citric acid, lactic acid, malic acid, acetic acid, phosphoric acid, and others. The citric acid segment is expected to grow at the highest CAGR over the forecast period. Citric acid is widely used as a food additive and pres

7) Competitive Landscape
Competitive Landscape

The competitive landscape of the acidulants market is fragmented with the presence of a large number of small and medium-sized manufacturers. The key manufacturers in the market are engaged in various strategies such as mergers & acquisitions, expansions, and new product launches to gain a competitive edge in the market.

Some of the key players in the acidulants market are:

BASF SE

The Dow Chemical Company

Cargill, Incorporated

Corbion

Archer Daniels Midland Company

Koninklijke DSM N.V.

E. I. du Pont de Nemours and Company

The Lubrizol Corporation

Tate & Lyle PLC

Süd-Chemie Inc.

The global acidulants market was valued at US$ 5.5 billion in 2016 and is projected to expand at a CAGR of 5.0% from 2017 to 2025.

Acidulants are added to foods and beverages to adjust their pH levels and enhance their flavor. Acidulants are used in a wide range of applications such as baking, beverages, confectionery, dairy, dressings & sauces, and others. The food & beverage industry is the major end-use industry of acidulants.

The increase in demand for processed and packaged food & beverages is a major factor driving the growth of the acidulants market. The increase in population and the consequent rise in the demand for food & beverages are expected to fuel the growth of the food & beverage industry, which is projected to drive the acidulants market during the forecast period.

The increase in demand for healthy and natural food & beverages is another major factor driving the growth of the acidulants market. Acidulants are used as preservatives and are added to food & beverages to enhance their flavor and shelf life. The increase in demand for healthy and natural food & beverages is expected to fuel the demand for acidulants during the forecast period.

The increase in health concerns among consumers is projected to restraint the growth of the acidulants market during the forecast period. Acidulants

8) Key Vendors
Acidulants are widely used in the food and beverage industry as they provide a tart and acidic taste, and act as preservatives, antioxidants, and emulsifiers. As the demand for processed and packaged food and beverages continues to grow, the acidulants market is expected to witness significant growth in the coming years.

Some of the key vendors operating in the global acidulants market are Cargill Inc., Archer Daniels Midland Company, BASF SE, Tate & Lyle PLC, and Koninklijke DSM N.V.

Cargill Inc. is one of the leading suppliers of acidulants and other ingredients to the food and beverage industry. The company offers a wide range of acidulants, including citric acid, malic acid, lactic acid, and glucono-delta-lactone. Cargill Inc. has a strong presence in North America, Europe, and Asia Pacific.

Archer Daniels Midland Company is a leading player in the global acidulants market. The company offers a wide range of food ingredients, including acidulants, emulsifiers, stabilizers, and sweeteners. Archer Daniels Midland Company has a strong presence in North America, Europe, Asia Pacific, and South America.

BASF SE is one of the leading suppliers of ingredients to the food and beverage industry. The company offers a wide range of acidulants, including citric acid, malic acid, and lactic acid. BASF SE has a strong presence in North America, Europe, Asia Pacific, and South America.

Tate & Lyle PLC is one of the leading suppliers of ingredients to the food and beverage industry. The company offers a wide range of acidulants, including citric acid, malic acid, lactic acid, and glucono-delta-lactone. Tate & Lyle PLC has a strong presence in North America, Europe, Asia Pacific, and South America.

Koninklijke DSM N.V. is one of the leading suppliers of ingredients to the food and beverage industry. The company offers a wide range

9) Future Outlook
The future outlook for the acidulants market is positive, with the market projected to grow at a CAGR of 5.1% during the forecast period (2019–2024). The report provides an in-depth analysis of the key market dynamics that are expected to influence the market growth during the forecast period.

The growing demand for acidulants from the food & beverage industry is one of the key factors driving the growth of the acidulants market. Acidulants are added to food & beverage products to improve their taste, texture, and shelf life. The demand for acidulants from the food & beverage industry is expected to grow at a rapid pace during the forecast period, owing to the growing demand for processed and packaged food & beverage products globally.

The growing demand for acidulants from the pharmaceutical industry is another key factor driving the growth of the acidulants market. Acidulants are used in the pharmaceutical industry for the manufacture of various drugs and formulations. The demand for acidulants from the pharmaceutical industry is expected to grow at a rapid pace during the forecast period, owing to the increasing demand for drugs and formulations globally.

The increasing demand for natural and organic acidulants is another key factor driving the growth of the acidulants market. Acidulants are used as ingredients in various food & beverage and pharmaceutical products. The demand for natural and organic acidulants is expected to grow at a rapid pace during the forecast period, owing to the growing preference for natural and organic products among consumers.

The increasing demand for acidulants from the personal care & cosmetics industry is another key factor driving the growth of the acidulants market. Acidulants are used in the personal care & cosmetics industry for the manufacture of various skin care, hair care, and makeup products. The demand for acidulants from the personal care & cosmetics industry is expected to grow at a rapid pace during the forecast period, owing to the increasing demand for personal care & cosmetics products globally.

The increasing demand for acidulants from the animal feed industry is another key factor driving the growth of the acidulants market. Acidulants are used in the animal feed industry for the manufacture

10) Conclusion
The report on the global acidulants market provides a detailed overview of the market dynamics that are expected to impact the growth of the market in the forecast period. The study provides an in-depth analysis of the key drivers, restraints, opportunities, and challenges that are expected to shape the growth of the market in the coming years. The report also offers a comprehensive analysis of the key segments of the market to provide insights on the growth prospects of the market in the forecast period.

The report provides an overview of the competitive landscape of the global acidulants market to provide insights into the market share and position of the leading players in the market. The report also provides a detailed analysis of the key developments that are expected to shape the growth of the market in the forecast period.

Key Players Covered

Some of the major companies that are present in the global acidulants market are Cargill Incorporated, Archer-Daniels-Midland Company, Tate & Lyle Plc., The Unilever Group, Caremoli S.p.A., Hawkins Watts Limited, Brenntag Ingredients Inc., Purac biochem BV, Parchem Trading Ltd., and Fuerst Day Lawson Limited among the other players operating in the global acidulants market.

SEGMENTATION

SEGMENTATION DETAILS
By Product Type·      Citric Acid

·      Lactic Acid

·      Malic Acid

·      Phosphoric Acid

·      Others

By Application ·      Bakery & Confectionery

·      Beverages

·      Dairy Products

·      Meat & Poultry

·      Others

By Geography·      North America (U.S., Canada, and Mexico)

·      Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

·      Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

·      South America (Brazil, Argentina, and Rest of South America)

·      Middle East & Africa (South Africa and Rest of ME&A)

 

By Product Type·      Citric Acid

·      Lactic Acid

·      Malic Acid

·      Phosphoric Acid

·      Others

By Application ·      Bakery & Confectionery

·      Beverages

·      Dairy Products

·      Meat & Poultry

·      Others

Cargill Incorporated, Archer-Daniels-Midland Company, Tate & Lyle Plc., The Unilever Group, Caremoli S.p.A., Hawkins Watts Limited, Brenntag Ingredients Inc., Purac biochem BV, Parchem Trading Ltd., and Fuerst Day Lawson Limited among the other players operating in the global acidulants market.

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