The food acidulants market is valued at US$ 2.6 billion in 2023 and is estimated to reach a value of US$ 4.5 billion by 2033, registering a CAGR of 5.4% during the forecast period.
The rising disposable income and growing demand for clean-label products and processed food are increasing the market share. Furthermore, the demand for food acidulants is fueled by the growing food industry, government initiative plans and emerging economies. In addition, the food and beverage manufacturers are fueling the market size by increasing the production of food acidulants during the forecast period.
One of the major factors helping to boost the food acidulants market size is the growing demand for healthy nutrition, citric beverage and preserved food among consumers. Moreover, the growing adoption of food acidulants by manufacturers is enhancing the taste of jellies, jams, cakes and pastries.
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The adoption of fumaric acid in various beverages, imparting an acidic flavor, is fueling the expansion of the global food acidulants market. The increasing consumer demand for beverages globally, along with manufacturers introducing innovative products, is driving market trends during the forecast period. Citric acid’s adoption in desserts, syrups, and exotic beverages is further enhancing market share, particularly with the rising popularity of ready-to-eat food.
Bakery and Confectionery Sector Highlights:
- Robust Growth: The bakery and confectionery sector is witnessing a Compound Annual Growth Rate (CAGR) of 5.2% in the food acidulants market.
- Child-Centric Demand: Increasing demand for cakes and pastries, especially among children, is a key driver for the bakery and confectionery segment.
- Packaged Food Surge: The growing demand for packed food and the desire for extended food shelf life are contributing significantly to market expansion.
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Powder Category Dominance in Foam Segment:
- Leading Category: The powder category leads the food acidulants market with a CAGR of 5.6%, driven by its better storage, ease of use, and transport.
- Consumer Preference: Increasing consumer preferences for powder-form food acidulants are bolstering demand, especially in the foam segment.
- Animal Nutrition Boost: Growing demand for nutritional diets for animals is increasing the adoption of powder foam, recording a CAGR of 4.3% in the historical period from 2017 to 2022.
Key Market Insights:
- Market Valuation: The food acidulants market is projected to reach US$ 4.5 Billion by 2033.
- Global Growth: Witnessing a CAGR of 5.4%, the global market is expected to see substantial growth during the forecast period.
- Regional Dynamics:
- United States: Anticipated to grow at a CAGR of 3.8% through 2033.
- India: Significantly uplifting with a CAGR of 6.0% during the forecast period.
- United Kingdom: Expected to grow at a CAGR of 4.5% over the forecast period.
Who is winning?
The market is growing at a moderate pace due to the number of prominent leaders in the global market. The growing local and international companies are advancing the business with the global players. These players are strengthening their companies through unique and innovative product launches.
The growing technological advancement, research activities and adopting market strategies by prominent players are the major factors anticipated to fuel the market expansion during the forecast period.
In 2021, a US-based Company, KPS Capital Partners, acquired Tate & Lyle to expand their business in North America and Latin America.
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Food Acidulants Market by Category
By Type:
- Acetic Acid
- Fumaric Acid
- Citric Acid
- Phosphoric Acid
- Lactic Acid
- Malic Acid
- Tartaric Acid
By Foam:
- Liquid
- Powder
By Function:
- Flavor Enhancer
- Microbial Control
- pH Control
- Preservative
- Others
By Application:
- Bakery and Confectionery
- Beverages
- Dairy Food
- Animal Nutrition
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa (MEA)
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