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Food Acidulants Market Outlook 2024: Exclusive Report By The Business Research Company
Food Acidulants Market
The Business Research Company offers in-depth market insights through Food Acidulants Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main types of acids in food acidulants are citric acid, lactic acid, acetic acid, phosphoric acid, malic acid, and others. Citric acid is an organic acid, that occurs naturally in many fruits, produced commercially by microbial fermentation of carbohydrate substrates. Citric acid has solubility, very low toxicity, chelating ability, and a pleasantly sour taste. The different forms include solid, and liquid, and are used in dairy and frozen products, bakery, the meat industry, beverages, confectionery, and others.
Major Driver - Meat Processing Boom Driving Growth In The Food Acidulants Market
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.
Competitive Landscape:
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.
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Top Trend - Innovative Sugar Reduction Technology Enhances Food Acidulants Market
Major companies operating in the food acidulants market are innovating new technologies such as Sugar Reduction Technology to increase their profitability in the market. Sugar reduction technology is a method that enables the use of less sugar in a recipe while retaining the same taste. For instance, in July 2023, Nestle S.A., a Switzerland-based food company launched Sugar Reduction Technology in food acidulants. Food acidulant producers may satisfy customer demand for healthier, lower-sugar goods without compromising on flavor or quality by integrating sugar reduction technologies into their processes.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Food Acidulants Market Characteristics
3. Food Acidulants Market Trends And Strategies
4. Food Acidulants Market - Macro Economic Scenario
5. Food Acidulants Market Size And Growth
…..
27. Food Acidulants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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