Press release
Global Food Acidulants Market to Reach $9.61 Billion by 2029, Growing at 0.0837155752352605% CAGR
"Which drivers are expected to have the greatest impact on the over the food acidulants market's growth?The rising demand for processed meat is predicted to drive the expansion of the food acidulants market in the future. Processed meat, which has been modified to enhance its taste or extend its shelf life, has seen an increased use of food acidulants. These substances help prolong the shelf life of processed meats like poultry, and fish products. They also inhibit the spread of harmful bacteria, enhance taste and improve binding and retention capacity. For example, projections from the Organization for Economic Co-operation and Development - Food and Agriculture Organization (OECD-FAO) Agriculture, suggest a potential rise of 12% in the global meat consumption from 2020 to 2029. Furthermore, it's anticipated that global meat consumption may reach 570 million tons by 2050. Consequently, this rise in processed meat consumption is fueling the growth of the food acidulant market.
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What is the future CAGR of the food acidulants market, and how will it impact industry expansion?
The market size of food acidulants has experienced a robust growth in the past few years. The market is projected to increase from $6.42 billion in 2024 to $6.97 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.5%. Factors behind this growth during the historical period include heightened consumer demand for processed and convenience foods, increased awareness of food preservation and extension of shelf-life, globalization of the food and beverage industry, necessity for flavor enhancement and taste modification in food products, regulatory approvals and the safe application of acidulants in food, as well as the demand for acidulants in the bakery, confectionery and beverage industries.
In the forthcoming years, the market size of food acidulants is predicted to experience significant growth, with an anticipated value of $9.61 billion in 2029, reflecting a compound annual growth rate (CAGR) of 8.4%. This growth during the estimated period is credited to the increasing use of acidulants in clean label and natural food formulations, a heightened focus on acidification and pH regulation in food processing, and advancements in acidulant blends designed for specific applications. Additionally, the requirement for acidulants in reduced-calorie and low-sugar food items, the broadening scope of acidulant applications in dairy and dairy substitute products, and the rising demand for acidulants in seafood and meat processing contribute to this growth. The forecast period will witness major trends such as the prevalent use of citric acid and its derivatives, innovation in acidulant blends, the emerging application of lactic acid, and natural and clean label acidulants, including those produced by microbes.
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What are the most significant trends transforming the food acidulants market today?
Leading corporations in the food acidulants industry are incorporating novel technologies like Sugar Reduction Technology to boost their market returns. This is a strategy that allows less sugar to be used in a product while preserving an identical taste. To illustrate, in July 2023, Nestle S.A., a food firm based in Switzerland, introduced the Sugar Reduction Technology in food acidulants. The adoption of sugar reduction methods can enable food acidulants manufacturers to effectively meet the customer's desire for healthier, low-sugar products, without sacrificing taste or quality.
Which key market segments comprise the food acidulants market and drive its revenue growth?
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
Subsegments:
1) By Citric Acid: Anhydrous Citric Acid, Monohydrate Citric Acid
2) By Lactic Acid: D-Lactic Acid, L-Lactic Acid
3) By Acetic Acid: Glacial Acetic Acid, Diluted Acetic Acid
4) By Phosphoric Acid: Food-Grade Phosphoric Acid, Technical-Grade Phosphoric Acid
5) By Malic Acid: L-Malic Acid, D-Malic Acid
6) By Other Types: Tartaric Acid, Fumaric Acid, Succinic Acid
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What regions are at the forefront of food acidulants market expansion?
Asia-Pacific was the largest region in the food acidulants market in 2024. 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.
Who are the leading players fueling growth in the food acidulants market?
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., Aditya Birla Chemicals, Celrich Products, Fuerst Day Lawson, Atlas Filtri, Merko, Jones-Hamilton Co., Prinova Group LLC, 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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What Is Covered In The Food Acidulants Global Market Report?
•Market Size Forecast: Examine the food acidulants market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the food acidulants market for a structured understanding.
•Key Players Overview: Analyze major players in the food acidulants market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the food acidulants market.
•Segment Contributions: Evaluate how different segments drive overall growth in the food acidulants market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the food acidulants market.
•Industry Challenges: Identify potential risks and obstacles affecting the food acidulants market.
•Competitive Landscape: Review strategic developments in the food acidulants market, including expansions, agreements, and new product launches.
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