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Food Acidulants Market Trends

Report ID: GMI3193
Published Date: Sep 2024
Report Format: PDF

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Food Acidulants Market Trends

Acidulants, such as citric acid, malic acid, and phosphoric acid, are integral in enhancing taste, extending shelf life, and optimizing pH levels in various food products. Rising health consciousness and preference for natural and organic ingredients are driving the shift towards plant-based and naturally derived acidulants. Furthermore, the expansion of the food and beverage industry, particularly in emerging markets, is fueling demand.

Innovations in food processing and a growing trend towards convenience foods are also contributing to market expansion. As food manufacturers seek to improve product quality and meet consumer preferences, the market is projected to grow significantly, with a focus on sustainable and functional ingredients.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The market size of food acidulants reached USD 6.39 billion in 2023 and is set to grow at 6.3% CAGR from 2024 to 2032, led by rising demand for acid regulators in beverages industry mainly in flavored water, energy and sparkling drinks.

The acetic acid product segment is projected to capture USD 4.32 billion by 2032 and demonstrate a 5.9% CAGR during 2024 to 2032.

The Asia Pacific market is projected to achieve USD 3.22 billion by 2032, with a CAGR of 7.1% from 2024 to 2032.

In 2023, the beverages application held a 50.1% share of the food acidulants market, amounting to USD 3.18 billion, and is projected to grow at a 6.6% CAGR from 2024 to 2032.

The leading companies in the industry include ADM, Univar Inc, Cargill, Brenntag, Tate & Lyle, Parchem Trading, Purac Biochem, Caremoli, Jungbunzlauer Suisse, and Bartek Ingredients.