The acidity regulators market is poised for substantial growth, projected to reach USD 7.6 billion by 2023 and further expand to USD 17.4 billion by 2033, demonstrating a robust compound annual growth rate (CAGR) of 8.6% throughout the forecast period. This growth is driven by increasing consumer demand for processed and convenience foods globally, where acidity regulators play a crucial role in maintaining taste, texture, and shelf stability, thereby fueling market expansion across various food and beverage sectors.
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
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.
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 ~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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