Food Acidulants Market Set for Robust Growth, Projected to Reach $8.87 Billion by 2028

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Experiencing robust growth, the food acidulants market is poised to increase from $5.92 billion in 2023 to $6.42 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 8.5%. The market is anticipated to witness strong growth, reaching $8.87 billion by 2028 with a CAGR of 8.4%.

Key Growth Drivers:
Meat Processing Boom Fuels Food Acidulants Market:
The consumption of processed meat is a significant driver for the food acidulants market's growth. As the global meat consumption is projected to increase by 12% from 2020 to 2029, reaching 570 million tons by 2050, food acidulants play a crucial role in enhancing flavor, extending shelf life, and inhibiting bacterial growth in processed meat, poultry, and fish products.

Beverage Industry's Impact on Food Acidulants Market:
The increasing demand in the beverage industry is propelling the growth of the food acidulants market. Citric acid and malic acid are utilized to enhance beverage flavors, providing a tart or sour taste that complements fruit juices. With a projected over 3% increase in the UK food and beverage output in 2022, the demand for beverages is contributing to the market's expansion.

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Major Players:
Key companies in the food acidulants market include ADM (Archer Daniels Midland Company), Cargill Incorporated, Corbion, FBC Industries, Jungbunzlauer Suisse AG, and others.

Trends Shaping the Market:
Sugar Reduction Technology Innovations:
Major players in the food acidulants market are adopting innovative sugar reduction technologies to meet consumer demand for healthier, lower-sugar products without compromising taste or quality. Nestle S.A.'s launch of Sugar Reduction Technology in food acidulants exemplifies this trend.

Evera Business Unit:
Companies like Citrosuco are introducing innovative products, such as the Evera business unit, to diversify their offerings in the market. Evera provides natural components for various purposes, including plant-based dishes, sauces, toppings, and drinks, showcasing a commitment to innovation in the food acidulants sector.

Regional Insights:
Asia-Pacific dominates the food acidulants market in 2023, with North America being the second-largest market. The comprehensive regional coverage includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Market Segmentation:
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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Food Acidulants Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Food Acidulants Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on food acidulants market size, market drivers and trends, market major players, competitors' revenues, market positioning, and market growth across geographies. The food acidulants market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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