The beverage acidulants market is estimated to reach a valuation of US$ 2.4 billion in 2023 and is estimated to reach US$ 3.7 billion by 2033. The market is anticipated to record a CAGR of 4.7% during the forecast period.
The market is expected to flourish due to urbanization, the economy, rising disposable income, and the bar and restaurant sector. The increasingly popular beverages among millennials have acidic and off-putting tastes due to the rising demand for fumaric acid.
The market is expanding significantly due to the demand for acidul citric, which is used to change beverages into sweetened flavor drinks. By incorporating tartaric and malic acids and other beverage acidulants, manufacturers were able to preserve beverages in bottles for an extended period, which the other hand, is boosting the market’s expansion.
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The popularity of acidul citric beverages and preserved drinks among consumers are increasing in the market size. Being a dominant nation, the United States is anticipated to reach a valuation of US$ 523.2 million by 2033. Conversely, China is a significant nation estimated to record a CAGR of 5.5% during the forecast period.
Growing Consumer’s Demand for Healthy Drinks Propel the Market Growth
The food & beverage manufacturers develop healthy and plant-based drinks for their customers by adding unique flavors. The increasing consumers’ demand for soft and organic drinks to maintain their immunity is surging the market expansion. Besides, value-added drinks help to improve the digestive system, prevent diseases, infection and reduce weight.
The growing awareness of healthy lifestyles increases consumers’ adoption of nutritional beverages. The innovation of acidul citric beverages widely used in cold drinks is uplifting the global market. Besides, the growing popularity of ready-to-drink and fumaric acid flavor drinks is creating several market trends.
Key Takeaways:
- The beverage acidulants marketis expected to reach a valuation of US$ 3.7 billion by 2033.
- The market is expected to record a CAGR of 4.7% during the forecast period.
- The market in the United States is anticipated to record a CAGR of 4.5% through 2033.
- With an expected CAGR of 2.6%, the United Kingdom beverage acidulants marketis expected to rise during the forecast period.
- The market in Germany is expected to record a CAGR of 3.4% over the forecast period.
- The market in China is expected to record a CAGR of 5.5% by 2033.
Who is Winning?
The quantity of current well-known businesses around the world fragments the market. These players pay close attention to consumer preferences and release new products that meet their requirements. In order to maximize revenues, the key players also enhance output in the beverage business using cutting-edge technologies. These crucial players help the industry grow through marketing strategies like joint ventures, partnerships, acquisitions, mergers, and product launches.
Other Players in the Global Market are:
- Tate and Lyle
- Northeast Pharmaceutical Group Co., Ltd.
- Batory Nutra
- Archer Daniels Midland
- Corbion N.V.
- DairyChem
- Hexagon Overseas
- Parry Enterprises India Ltd.
- FBC Industries, Inc.
- Weifang Ensign Industry Co., Ltd.
- Isegen South Africa (Pty), Ltd.
- Jones Hamilton Co.
- Balchem Ingredient Solution
- Cargill Incorporated
- Others
Recent Developments in the Beverage Acidulants Market are:
Tate & Lyle was acquired by KPS Capital Partners in 2021 for a value of US$ 1.7 billion. Behind this acquisition, KPS Capital Partners implemented a plan to fully manage Tate & Lyle’s operations in the Latin American and North American regions.
In 2021, Tate & Lyle PLC announced its new acidulants plant to reduce greenhouse gases and increase efficiency in Brazil.
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The Beverage Acidulants Market by Category
By Product Type:
- Acetic Acid
- Citric Acid
- Fumaric Acid
- Lactic Acid
- Malic Acid
- Phosphoric Acid
- Tartaric Acid
- Other Products
By Foam:
- Granule
- Liquid
- Power
By Nature:
- Organic
- Synthetic
By Application:
- Alcoholic Beverages
- Dairy-based Beverages
- Energy Drinks
- Fruit Juices and Concentrates
- Soft Drinks
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa (MEA)
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