Rising Instant Foods Consumption
Food acidulants are additives that assist in enhancing the shelf life of ready-to-eat food products. They do so by eliminating bacterial and fungal growth and stabilizing pH levels, thus enhancing functional properties. Over the years, rapid urbanization has catapulted the food & beverages industry with the introduction of instant foods.
According to Future Market Insights, amid the COVID-19 pandemic, the global food acidulants market is poised to grow steadily, as demand for instant foods has witnessed a spike.
Citric Acid: Top-selling Food Acidualnts
By acidulant type, the citric acid segment is anticipated to witness burgeoning sales in the upcoming forecast period. While the COVID-19 pandemic is likely to generate short-term contractions, growth is expected to mostly remain unwavering until 2030. A staggering CAGR is predicted for this segment.
Citric acid is added to packaged and processed foods and beverages such as soda, ice-creams, wine, canned and jarred fruits and sorbets to prevent botulism, a potentially fatal condition which may lead to a malfunctioning of the human body. Moreover, lactic acid is likely to emerge as the 2nd most promising segment.
Growing Use in Beverages
By application, food acidulants are expected to be extensively used as preservatives across the beverages segment. In most beverages, citric acid is the preferred acidulant choice, attributed to its relatively mild to slightly sharp sourness on several fruit flavors.
Despite the revenue shortfalls ushered in due to declining sales amid the coronavirus pandemic, growth in the beverages segment is anticipated to remain positive in the forthcoming decade. Growth is underpinned by rising demand for functional and nutrition enhancing beverages.
Prolific Growth Anticipated in Asia-Pacific
The Asia-Pacific region is expected to emerge as the most lucrative food acidulants market. China is poised to be the fastest growing market, owing to increased consumption of functional beverages. A staggering double-digit CAGR has been predicted for the East Asian giant.
North America is slated to retain its lucrativeness in the food acidulants market. Growing consumption of energy drinks and aerated beverages are attributed as the key factors responsible for driving growth forward. A minor deceleration is expected across both regions until 2022 after which growth will continue uninhibited.
Food Acidulants Market- Prominent Players
Some prominent players associated with the production and manufacturing of food acidulants for several application areas are listed below:
- Tate & Lyle Plc.
- Archer Daniels Midland Company
- Brenntag AG
- Cargill, Inc.
- FBC Industries Inc.
- Hawkins Watts Ltd.
- Isegan South Africa (Pty) Ltd.
- Jungbunzlauer Suisse AG
- Merko Group LLC
- Parchem Fine and Specialty Chemicals
- Parry Enterprises India Ltd.
- Purac Biochem BV
- Univar Inc.
- Weifang Ensing Industry Co. Ltd.
*This list is only indicative- full list of food acidulants market players is available upon request.
The aforementioned players have been investing in enhancement of their research and development capabilities so as to incorporate technological advancements in their product portfolios. Techniques such as acid encapsulation to facilitate controlled release of acidulants have proven highly effective in maintaining food quality for an elongated timespan.
Besides, prominent vendors are also concentrating on strategic mergers and acquisitions with the objective of increasing their market footprint in the forthcoming decade.
Food Acidulants Market- Report Scope
| Attribute | Details |
| Forecast Period | 2015-2019 |
| Historical Data Available for | 2020-2030 |
| Market Analysis | US$ Mn for Value & Tons for Volume |
| Key Regions Covered | North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa |
| Key Countries Covered | U.S., Canada, Brazil, Mexico, Argentina, Germany, France, Spain, U.K., BENELUX, India, Thailand, Indonesia, Malaysia, China, Japan, South Korea, Australia, New Zealand, GCC, Northern Africa & Southern Africa |
| Key Segments Covered | Form Type, Type, Function & Application |
| Key Companies Profiled |
|
| Report Coverage | Market Overview, Key Trends, Success Factors, Demand Analysis, Market Background, COVID-19 Impact Analysis, Segmental Analysis, Regional Profiling, Market Structure Analysis & Competition Analysis |
| Customization & Pricing |
Key questions answered in the report
- What is the growth outlook for the food acidulants market?
FMI’s analysis on the global food acidulants market infers that the growth trajectory is expected to tread on the positive side, expanding at a steady pace throughout the 2020-2030 forecast decade. A moderate deceleration is anticipated until 2022 due to COVID-19.
- Which applications will register maximum revenue growth?
The beverages segment is poised to be the key revenue engine for the food acidulants market in the forthcoming decade. Growth is majorly attributed to an increase in instant beverage consumption. Moreover, acidulants help regulate flavor and taste of the beverage consumed.
- Identify the most frequently used acidulant.
Citric acid is expected to be the most frequently used acidulant in ready-to-eat and ready-to-drink beverages categories. Citric acid is highly effective in enhancing the shelf life of food products by preventing microbial growth. Additionally, it also helps prevent botulism, a condition which can induce a malfunctioning of the nervous system.
- Which is the largest market for food acidulants globally?
Asia-Pacific is touted to pivot the global food acidulants market growth. Amongst all countries, China is likely to be the frontrunner, expanding staggeringly at a double-digit CAGR throughout the forecast period.
- What is the impact of COVID-19 pandemic?
The COVID-19 pandemic has compelled FMI to revise its earlier growth projections, pegging it at a lower figure as compared to the pre-pandemic times. This deceleration is a result of anticipated supply chain disruptions causing a decline in profit margins and revenue inflows.
This shortfall is likely to continue until the latter half of 2021 or possibly until early 2022, after which growth is expected to be restored on a normal trajectory.
- Which are the prominent players in the food acidulants market?
Prominent players associated with the production and manufacturing of food acidulants for several application areas are: Tate & Lyle Plc, Archer Daniels Midland Company, Brenntag AG, Cargill, Inc., FBC Industries Inc., Hawkins Watts Ltd. and Isegan South Africa (Pty) Ltd. among others.
Enquiry before Buying
- Is this research conducted by Future Market Insights?
Yes, the food acidulants market research has been conducted by expert analysts of Future Market Insights through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to the research analyst
- What research methodology is followed by FMI?
FMI follows a methodology that encompasses the demand side assessment of the market, and triangulates the same through a supply side analysis. This methodology is based on use of standard market structure, methods and definitions.
- Who are the respondents for primary research?
FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.
- What are the sources of secondary research?
FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
- Is a sample of this report available for evaluation?
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Key Segments
Form Type
- Solid
- Liquid
Type
- Citric Acid
- Lactic Acid
- Phosphoric Acid
- Other Types
Function
- Preservative
- Acidity Regulator
- Antimicrobial
- Flavor Enhancer
- Other Functions
Application
- Bakery and Confectionery
- Beverages
- Meat
- Poultry and Sea Foods
- Sauces and Dressings
- Other Applications
Region
- North America (U.S & Canada)
- Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
- Europe (Germany, France, Spain, U.K., BENELUX & Rest of Europe)
- South Asia (India, Thailand, Indonesia, Malaysia & Rest of South Asia)
- East Asia (China, Japan & South Korea)
- Oceania (Australia & New Zealand)
- Middle East & Africa (GCC, Northern Africa, Southern Africa & Rest of MEA)
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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