The acidity regulators industry is on a promising trajectory, poised to reach a substantial value of US$ 7.6 billion in 2023 and an impressive US$ 17.4 billion by 2033, with a notable compound annual growth rate (CAGR) of 8.6% throughout the forecast period.
This growth is fueled by several key factors, including the robust expansion of the food and beverage industry, especially in emerging economies, as manufacturers strive to meet the rising demands of consumers. Global food safety regulations have also played a pivotal role in boosting the utilization of acidity regulators.
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Moreover, the surging popularity of convenient foods and ready-to-drink beverages, tailored to meet the needs of busy lifestyles, adds to the market’s upward momentum. Notably, the market’s expansion is further catalyzed by the increasing adoption of acidity regulators in the pharmaceutical sector, a growing consumer preference for clean-label products, and the swift evolution of production techniques. The exploration of new applications, a wide array of product options, and the expanding landscape of international food trade all contribute significantly to this remarkable growth.
The demand for acidity regulators has risen due to customers’ acceptance of ready-to-drink beverages and canned foods. Growing disposable income and time limitations have led to an increased appetite for packaged foods globally. Ready-to-eat and ready-to-cook dishes are particularly popular among young consumers, presenting a growing market opportunity. The usage of acidity regulators in processed, dry, and frozen foods is likely to further boost market growth.
A recent trend is the preference shift from synthetic to organic food additives, like herbal extracts. Developed nations show higher growth in the market for organic shelf-life stabilizers compared to synthetic additives. Consumers perceive organic additives as healthier and safer, leading to increased popularity and opportunities for the acidity regulator market.
Key Takeaways
- The demand for acidity regulator in the Asia Pacific is projected to rise with a promising CAGR of 8.8% during the forecast period.
- The market in Europe is expected to grow with a CAGR of 8.3% during the forecast period.
- By type, citric acid is expected to remain high in demand while growing at a CAGR of 8.9% during the forecast period.
- By application, the beverage segment is expected to grow with a CAGR of 9.4% during the forecast period.
“Increasing demand for processed foods and beverages is expected to drive the demand for acidity regulators during the forecast period,” comments an FMI Analyst
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Competitive Landscape
The acidity regulators industry is characterized by extreme competition, as key industry players are making significant investments to improve their manufacturing capabilities.
Some recent developments in the acidity regulator industry are:
- In February 2023, Corbion expanded its cooperation with Azelis, a leading global innovation service provider in specialty chemicals and food ingredients industries, to distribute Corbion products in Malaysia and Singapore.
- In April 2022, Bartek Ingredients announced the construction of the world’s largest production factory for malic and food-grade fumaric acid, which is currently under development.
- On July 12, 2023, Cargill and John Deere announced a collaborative effort to enhance the digital and in-field experience for farmers using John Deere technology and participating in the Cargill RegenConnect® program.
- In May 2023, Cargill’s salt business entered into an agreement with CIECH Group, a prominent supplier of evaporated salt products.
Key Companies Profiled
- American Tartaric Products
- Fuerst Day Lawson
- Archer Daniels Midland
- FBC Industries Inc.
- Parry Enterprises India
- Chemelco International
- Cargill Inc.
- Gadot Biochemical Industries Ltd.
- Jungbunzlauer Suisse AG
- Shandong Juxian Hongde Citric Acid Co. Ltd
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Key Segments Profiled in the Acidity Regulator Industry Survey
By Types:
- Acetic Acid
- Lactic Acid
- Citric Acid
- Maleic Acid
- Phosphoric Acid
By Application:
- Beverages
- Sauces, Condiments, and Dressings
- Processed Food
- Bakery
- Confectionery
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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