The global acidity regulator market is poised for significant growth, projected to achieve a valuation of US$ 7.6 billion by 2023 and anticipated to soar to US$ 17.4 billion by 2033, exhibiting a robust compound annual growth rate (CAGR) of 8.6% throughout the forecast period. This growth trajectory is fueled by escalating demand for acidity regulators across various industries, including food and beverage, pharmaceuticals, and personal care, driven by factors such as changing consumer preferences, evolving regulatory standards, and expanding applications in food preservation and flavor enhancement. As manufacturers continue to innovate and develop advanced solutions to address specific industry needs, the acidity regulator market is poised to witness sustained expansion in the coming years.
The market is driven by the growing food and beverage (F&B) industry, particularly in emerging economies, as manufacturers cater to increasing consumer demands. Stringent food safety regulations globally have also spurred the use of acidity regulators, further fueling market growth. Additionally, the increasing popularity of convenience foods and ready-to-drink (RTD) beverages, catering to consumers’ hectic lifestyles, contributes to market expansion.
The market is experiencing growth due to the rising adoption of acidity regulators in the pharmaceutical industry, increasing demand for clean-label products, and rapid technological advancements in production techniques. Additionally, factors like the exploration of new applications, diverse product options, and the expansion of international food trade are further driving market growth.
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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 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, 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 market for acidity regulator 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 market 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
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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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