The food acidulants global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Food Acidulants Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The food acidulants market size has grown strongly in recent years. It will grow from $5.92 billion in 2023 to $6.42 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to increases consumer demand for processed and convenience foods, growth in awareness of food preservation and shelf-life extension, expansion of the food and beverage industry globally, need for flavor enhancement and taste modification in foods, regulatory approval and safe usage of acidulants in food applications, demand for acidulants in bakery, confectionery, and beverage industries.
The food acidulants market size is expected to see strong growth in the next few years. It will grow to $8.87 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to adoption of acidulants in clean label and natural food formulationsemphasis on ph regulation and acidification in food processing, research and development in acidulant blends for specific applications need for acidulants in low-sugar and reduced-calorie food products, expansion of acidulant applications in dairy and dairy alternative products, growing demand for acidulants in meat and seafood processing. Major trends in the forecast period include citric acid and its derivatives dominance, innovative acidulant blends, emerging use of lactic acid, natural and clean label acidulants, microbial production of acidulants.
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Scope Of Food Acidulants Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Food Acidulants Market Overview
Market Drivers –
Increasing consumption of processed meat is expected to propel the growth of the food acidulants market going forward. Any meat that has been altered to increase its flavor or prolong its shelf life is considered processed meat. Food acidulants are used to increase the shelf life of processed meat, poultry, and fish products, as well as to inhibit the growth of disease-causing bacteria, improve flavor, and improve binding and retention capacity. For instance, according to the Organization for Economic Co-operation and Development – Food and Agriculture Organization (OECD-FAO) Agriculture, the growth in global meat consumption is projected to increase by 12% in between 2020 to 2029. In addition, global meat consumption is expected to reach 570 million tons by the year 2050. Therefore, the increasing consumption of processed meat is driving the growth of the food acidulant market.
The food acidulants market covered in this report is segmented –
1) By Type: Citric Acid, Lactic Acid, Acetic Acid, Phosphoric Acid, Malic Acid, Other Types
2) By Form: Solid, Liquid
3) By Application: Beverages, Dairy And Frozen products, Bakery, Meat Industry, Confectionery, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the food acidulants market in 2023. North America was the second-largest market in the food acidulants market. The regions covered in the food acidulants market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the food acidulants market include ADM (Archer Daniels Midland Company), Bartek Ingredients Inc., Caremoli Group, Cargill Incorporated, Hawkins Watts Limited, Corbion, FBC Industries, Dairy Chem, Jungbunzlauer Suisse AG, Parry Enterprises India Limited, Purac biochem BV, Suntran Industrial Group Ltd., Weifang Ensign Industry Co.Ltd., Jones-Hamilton, Aditya Birla Chemicals, Celrich Products, Fuerst Day Lawson, Parry Enterprises India Limited, Atlas Filtri, Merko, Jones-Hamilton Co., Prinova Group LLC, FBC Industries, KIC Chemicals Inc., Galactic S.A., Henan Jindan Lactic Acid Technology Co. Ltd., Foodchem International Corporation, Gulshan Polyols Limited, Musashino Chemical Laboratory Ltd.
Table of Contents
1. Executive Summary
2. Food Acidulants Market Report Structure
3. Food Acidulants Market Trends And Strategies
4. Food Acidulants Market – Macro Economic Scenario
5. Global Food Acidulants Market Size and Growth
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31. Global Food Acidulants Market Competitive Benchmarking
32. Global Food Acidulants Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Food Acidulants Market
34. Food Acidulants Market Future Outlook and Potential Analysis
35. Appendix
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