The global acidulants market is a dynamic food and beverage industry sector. Acidulants, such as citric acid, malic acid, and lactic acid, enhance flavor profiles, extend shelf life, and balance pH levels in various products. As consumer preferences shift towards healthier and more diverse food options, acidulants find applications in beverages, confectionery, bakery, and dairy products. Therefore, the growing demand for convenience food processing is projected to drive the demand for acidulants over the years to come.
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Data Bridge Market Research analyses that the Global Acidulants Market will grow at a CAGR of 6.5% during the forecast period of 2022 to 2029. Consumers increasingly seek unique and diverse taste experiences, so the food and beverage industry relies on acidulants to innovate and craft appealing products. Acidulants enhance flavors, meeting the evolving preferences of discerning consumers who value novel taste profiles, driving the market's growth in response to changing culinary expectations.
Key Findings of the Study
Globalization of food supply chains is expected to drive the market's growth rate
In the era of globalized food supply chains, acidulants are essential for ensuring product quality and consistency across diverse regions. Their role as preservatives and flavor enhancers addresses the challenges of long-distance transportation and varying environmental conditions. As food travels across borders, acidulants contribute to the stability and longevity of products, meeting the standards of taste and quality expected by consumers worldwide and facilitating the seamless integration of food supply networks on a global scale.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Segments Covered
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Type (Citric Acid, Sodium Citrate, Potassium Citrate, Acetic Acid, Formic Acid, Gluconic Acid, Malic Acid, Phosphoric Acid And Salts, Tartaric Acid, Lactic Acid, Tannic Acid, Fumaric Acid, Succinic Acid, and Ascorbic Acid)
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Countries Covered
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U.S., Canada, Mexico, China, Japan, Australia, India, South Korea, Malaysia, Singapore, Indonesia, Thailand, Vietnam, New Zealand, Philippines, and the rest of Asia-Pacific, U.K., France, Germany, Italy, Spain, Russia, Netherlands, Belgium, Turkey, Poland, Denmark, Sweden, Switzerland and Rest of Europe, South Africa, Oman, Qatar, Saudi Arabia, U.A.E., Kuwait and Rest of Middle East and Africa
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Market Players Covered
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Cargill, Incorporated (U.S.), Brenntag SE (Germany), Tate & Lyle (U.K.), ADM (U.S.), Jungbunzlauer Suisse AG (Switzerland), Corbion (Netherlands), Bartek Ingredients Inc. (Canada), INDUSTRIAL TECNICA PECUARIA, S.A. (Spain), DIARYCHEM (U.S.), Weifang Ensign Industry Co., Ltd (China), FBC Industries (U.S.), Chemvera Specialty Chemicals Pvt. Ltd. (India), Direct Food Ingredients Ltd (U.K.), Richest Group (Singapore),, Suntran.cn, Foodchem International Corporation (China), Arshine Pharmaceutical Co. (China), Hawkins Watts Limited (Australia), Arihant Chemicals (India), Innova Corporate (Thailand) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global acidulants market is segmented on the basis of type.
- On the basis of type, the global acidulants market is segmented into citric acid, sodium citrate, potassium citrate, acetic acid, formic acid, gluconic acid, malic acid, phosphoric acid and salts, tartaric acid, lactic acid, tannic acid, fumaric acid, succinic acid
Major Players
Data Bridge Market Research recognizes the following companies as the major global acidulants market players in global acidulants market are Cargill, Incorporated (U.S.), Brenntag SE (Germany), Tate & Lyle (U.K.), ADM (U.S.), Jungbunzlauer Suisse AG (Switzerland), Corbion (Netherlands), Bartek Ingredients Inc. (Canada), INDUSTRIAL TECNICA PECUARIA, S.A. (Spain)
Market Developments
- In December 2021, Tate & Lyle, a prominent global food and beverage solutions provider, expanded its market reach by joining the UK's Food and Drink Federation's Action on Fiber initiative. This strategic move aligns with the market trend toward health-conscious choices and dietary fiber awareness. By participating in this initiative, Tate & Lyle strengthens its commitment to healthier food options and enhances its customer base, positioning itself favorably in the evolving food and beverage market
- In November 2021, Tate & Lyle PLC revealed plans for a biomass boiler at its Santa Rosa, Brazil, acidulants plant, underscoring a commitment to sustainability. The construction aligns with market trends as companies increasingly adopt eco-friendly practices to meet consumer demands and regulatory standards. This move demonstrates environmental responsibility and positions Tate & Lyle strategically within the growing market for sustainable and environmentally conscious production methods, reflecting a broader industry shift towards greener initiatives
- In July 2021, KPS Capital Partners, a US investment firm specializing in industrial starches and acidulants, acquired a majority stake in Tate & Lyle for USD 1.7 billion. This strategic move affords KPS operational control in Latin America and North America, significantly expanding its market presence. The acquisition positions KPS to capitalize on Tate & Lyle's established market share, fostering growth and influence in the regions while reinforcing its commitment to the dynamic global market for industrial starches and acidulants
- In June 2021, Corbion's strategic acquisition of Granotec Mexico S.A. de C.V. strengthened its position in the Mexican bakery and fortification industries. This move expanded Corbion's product portfolio and market presence, making it a key player in functional blends. The acquisition enhanced Corbion's capabilities in catering to the evolving demands of the Mexican market and positively impacted the company's goodwill, showcasing its commitment to growth and innovation in the food industry
Regional Analysis
Geographically, the countries covered in the global acidulants market report are U.S., Canada, Mexico, China, Japan, Australia, India, South Korea, Malaysia, Singapore, Indonesia, Thailand, Vietnam, New Zealand, Philippines, and the rest of Asia-Pacific, U.K., France, Germany, Italy, Spain, Russia, Netherlands, Belgium, Turkey, Poland, Denmark, Sweden, Switzerland and Rest of Europe, South Africa, Oman, Qatar, Saudi Arabia, U.A.E., Kuwait and Rest of Middle East and Africa
As per Data Bridge Market Research analysis:
Asia-Pacific is estimated to be the fastest growing region in global acidulants market the forecast period 2022-2029
Asia-Pacific is expected to dominate the global acidulants market, both in market share and revenue, with sustained dominance projected in the forecast period. This is attributed to a rising demand for acidulants across diverse industries and increasing consumer preferences. The region's dynamic market landscape reflects a growing recognition of acidulants' versatility and application in meeting the evolving demands of end-users, solidifying its position as a key player in the global market.
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