Food Acidulant Market
By Type (Citric Acid, Lactic Acid, Malic Acid, Sorbic Acid, Acetic Acid, and Others),
By End Use (Bakery & Confectionaries, Dairy and Milk Products, Beverages, Meat & Poultry, and Others),
By Form (Solid, Liquid), Function (pH Control, Flavour, Health and Nutrition and Other),
By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa):
Food Acidulant Market: Global Analysis and Forecast 2023-2033
The global Food acidulant market is to be worth more than USD 5.9 billion by 2033.
Numerous properties and diverse functions of Food acidulants are the primary factors supporting the market growth of Food acidulants within the foodservice Industry. They serve various purposes, such as Taste enhancers, acidity regulators, flavoring agents, coagulating agents, gelling agents, preserving agents, and much more. With the increase in studies conducted on Acidulant properties, their numerous other functional aspects are discovered and can be employed in the market. For instance, Lactic Acid has shown collagen-boosting and exfoliating properties, due to which it has found its way to skincare applications. Citric Acid is now recognized as a flavoring agent for various juices and soft drinks. "Antioxidant" is the most highlighted property that paved the way for Acidulants in the health and nutrition segment. Organic Acids are gaining more recognition for reducing microbial growth and oxidative stress; this has triggered their application in Health and nutrition products. The Food Acidulant market is expected to witness high growth owing to advancements made in production technologies. Lab-scale biotechnological advances are making way for efficient acid-producing systems that tend to satisfy the end demand for Acidulants in the forecasted time frame.
The companies operating within the Food acidulant industry are undergoing mergers, collaboration, acquisition, long-term contracts, and service agreements to increase their global footprint. For instance, ADM Expands Research and Quality Capabilities with New North America Microbiology Laboratory. ADM's Microbiology Laboratory is responsible for testing finished products from North America for lot release to the market. The lab started in the late 1960s and has expanded five times through the years, with 2006 being the latest expansion next to ADM's Decatur East plant.
According to the CXOs and primary research conducted, new research studies can continue to reveal more acidulants properties which can further increase their scope of application. For instance, Citric Acid was revealed to have disinfectant properties, making it suitable for medicinal formulations. Similarly, Fumaric Acid was revealed to be able to treat various skin disorders, including psoriasis, which made it suitable for dermatological preparations. Most Food Acidulants' properties are now being explored and exploited for Health and Nutrition segment. This has opened up new horizons for the food Acidulants market into supplements application. This can be seen in Multivitamin Gummies formulated using Tartaric acid to set it into a gel-like form.
The Food acidulants market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In line with the analyzed region, the Asia-Pacific region will witness the highest market share, followed by Europe, North America, Latin America, and Middle East & Africa. Quick adoption within the Health and nutrition segment, the Rise in packaged foods and concern towards Non-harsh preservation techniques, and major industry players within the region are primary factors supporting market potential within the Asia-Pacific region. The major companies operating within the market are Addcon Group, Archer-Daniels-Midland Company, BASF SE, Cargill Incorporated, Corboin Purac, Kemin Industries Inc., Peterlabs Holdings, Tate & Lyle Plc. , The Unilever Group and Yara International ASA