Food ingredients (acidulants) find versatile applications, offering unique features and uses in the food industry. These additives impart sour or tangy flavors to a wide range of food and beverage products, enhancing taste profiles. Acidulants act as pH regulators, preservatives, and stabilizers, contributing to longer shelf life and improved texture in various processed foods. They are used in soft drinks, bakery products, candies, and canned goods, among others. Acidulants are essential in formulating appealing food products that meet consumer preferences while ensuring product safety, stability, and enhanced sensory experiences.
According to Data Bridge Market Research, the Global Food Ingredients (Acidulants) Market is expected to grow with a CAGR of 5.4% in the forecast period of 2022 to 2029.
“Growing demand for instant beverages vehicles boosts the market’s growth”
The food ingredients (acidulants) market experiences growth due to the increasing demand for instant beverages. Acidulants are essential additives that impart sour or tangy flavors to food and beverages, enhancing taste and extending shelf life. With the rising popularity of instant beverages like instant coffee, tea, and powdered drinks, manufacturers incorporate acidulants to improve flavor profiles and increase product appeal. As consumers seek convenience and on-the-go options, the demand for acidulants in instant beverage formulations drives market expansion and opportunities for ingredient suppliers.
What restraints the growth of the global food ingredients (acidulants) market?
“High prices of acidulants restraints the market’s growth”
The food ingredients (acidulants) market faces a restraint due to the high prices of acidulants. Fluctuating raw material costs and limited availability can lead to elevated prices, affecting the overall cost of production for food and beverage manufacturers. Consequently, some companies may opt for alternative or natural acidulants, impacting the demand for traditional synthetic acidulants. The high prices may also result in consumer resistance to purchasing products with increased costs, hindering market growth and potentially limiting the use of acidulants in food formulations.
Segmentation: Global Food Ingredients (Acidulants) Market
The global food ingredients (acidulants) market is segmented on the basis of type, form, function, distribution channel, and end-user.
- On the basis of type, the global food ingredients (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, fumaric acid, succinic acid, and others.
- On the basis of form, the global food ingredients (acidulants) market is segmented into dry and liquid.
- On the basis of function, the global food ingredients (acidulants) market is segmented into pH control, acidic flavor enhancer, preservatives, and others.
- On the basis of distribution channel, the global food ingredients (acidulants) market is segmented into B2B and B2C.
- On the basis of end-user, the global food ingredients (acidulants) market is segmented into household/retail, food processing sector, and food service sector.
Regional Insights: North America dominates the Food Ingredients (Acidulants) Market
North American dominates the market share as U.S. is anticipated to maintain its dominant position in the North American market in terms of market share and revenue. This is attributed to the increasing demand for acidulants in a wide range of food and beverage products and the growing consumer preference for such ingredients among end-users in the region.
Europe is projected to be dominated by Germany in terms of market share and revenue. This is attributed to the strong presence of major players in the region and the country's growth prospects driven by the rising trends in the food and beverages sector. Germany is expected to maintain its leading position as a significant market player in the European region.
Asia-Pacific food ingredients (acidulants) market, China is anticipated to maintain its dominance in terms of market share and revenue during the forecast period. This can be attributed to the increasing demand for acidulants in the production of diverse food and beverage products in the region. China's continued growth in this sector is expected to solidify its leading position in the Asia-Pacific market.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-food-acidulants-market
Recent Developments
- In December 2021, Tate & Lyle, a prominent global provider of food and beverage solutions and ingredients, recently joined the UK's Food and Drink Federation's (FDF) Action on Fiber initiative. This collaboration is expected to expand the company's customer base as it enhances its involvement in promoting fiber-rich food and drink products within the industry.
- In June 2021, Corbion, a major player in the food industry, completed the acquisition of Granotec Mexico S.A. de C.V., a significant player in functional blends for the Mexican bakery and fortification sectors. This strategic move has further enhanced Corbion's reputation and goodwill in the market as it strengthens the company's presence and offerings in the bakery and fortification industries in Mexico.
- In January 2019, Private equity firm TorQuest Partners recently acquired Bartek Ingredients Inc., resulting in a substantial expansion of the company's customer base. This strategic acquisition has provided Bartek Ingredients with enhanced market reach and opportunities, further solidifying its position as a key player in the food ingredients industry.
The Prominent Key Players Operating in the Global Food Ingredients (Acidulants) Market Include:
- Cargill, Incorporated (U.S.)
- Brenntag SE (U.K.)
- Tate & Lyle (U.K.)
- ADM (U.S.)
- Jungbunzlauer Suisse AG (U.S.)
- Corbion (U.S.)
- Bartek Ingredients Inc. (U.S.)
- INDUSTRIAL TECNICA PECUARIA, S.A. (U.S.)
- 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 (China)
- Suntran.cn (China)
- Foodchem International Corporation (China)
- Arshine Pharmaceutical Co. (China)
- Hawkins Watts Limited (U.K.)
- Arihant Chemicals (India)
- Innova Corporate (India)
Above are the key players covered in the report, to know about more and exhaustive list of global food ingredients (acidulants) market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Food Ingredients (Acidulants) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
