There has been an increase in the demand for convenience food and ready-to-go foods to save time and energy. Consumers majorly look for ease of use, high nutritional value, functionality, and quick delivery of convenience foods. As per the new research from The Institute of Grocery Distribution (IGD), the U.K. food-to-go sector is predicted to grow at a significant CAGR of 14.5% between 2021 & 2024, with a growth rate double that of the total food and grocery market. 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 food ingredients (acidulants) market is expected to grow at a CAGR of 5.4% in the forecast period of 2022 to 2029 and is expected to reach USD 8,884.79 million by 2029. Moreover, the rising consumption of alcoholic and non-alcoholic beverages due to changing consumer lifestyles and preferences enables manufacturers to launch new products in the market. This is expected to drive the growth of the acidulants market.
Rise In Demand for Acidulants Such as Malic Acid, Lactic Acid, and Sodium Lactate in the Confectionery Industry Is Projected To Accelerate the Market Expansion
Acidulants that are used in confectionery, such as malic acid, lactic acid, and sodium lactate, have unique taste and flavor effects. The availability of a wide range of innovative sugar confectionery items is appealing to consumers due to its sweet treats and novel tastes. The increasing trend of new flavors continues to attract new customers and confectionary enthusiasts. In addition, developments of sour acidic or tart flavor, candies, jellies, and gummies as a part of product innovation in confectionery items are attracting the consumers to the confectionery industry, thereby increasing demand for acidulants such as malic acid, lactic acid, and sodium lactate. For instance, as per the BRANDONGAILLE.COM, a business news and retail insights provider, the candy industry, which is a part of confectionary, generated around USD 35 Billion in revenues at the retail level in the U.S in 2018. Therefore, the high demand for confectionery products further boosts the demand for acidulants such as malic acid, lactic acid, fumaric acid, sodium lactate, and others by food manufacturers in order to fulfill the demands.
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 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Type (Citric Acid, Lactic Acid, Acetic Acid, Fumaric Acid, Tartaric Acid, Malic Acid, Gluconic Acid, Phosphoric Acid and Salts, Succinic Acid, Sodium Citrate, Potassium Citrate, Tannic Acid, Formic Acid, and Others), Form (Dry, and Liquid), Function (pH Control, Acidic Flavor Enhancer, Preservatives, and Others), Distribution Channel (B2B, and B2C), End-User (Food Processing Sector, Food Service Sector, and Household/Retail)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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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 Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The global food ingredients (acidulants) market is segmented into five notable segments based on type, form, function, end-user, and distribution channel.
- 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 acid, fumaric acid, succinic acid, and others. In 2022, the citric acid segment is expected to dominate the global food ingredients (acidulants) market growing with a CAGR of 5.6% in the forecast period of 2022 to 2029 as the increased demand for citrus-based juices and drinks increases the demand for citric acid acidulants, helping the market to grow in the coming years.
- On the basis of form, the global food ingredients (acidulants) market is segmented into dry and liquid. In 2022, the dry segment is expected to dominate the global food ingredients (acidulants) market growing with a CAGR of 5.5%
The dry segment is expected to dominate the global food ingredients (acidulants) market
In 2022, the dry segment is expected to dominate the global food ingredients (acidulants) market growing with a CAGR of 5.5% in the forecast period of 2022 to 2029 as they are easy to use and can be used in many dishes, such as soups, sauces, instant beverages, convenience food, and others. Thus, the busy lifestyle of consumers enables them to buy easy-to-make food products, due to which manufacturers are demanding more acidulants to fulfill consumer demands, which is expected to help the market grow in the coming years.
- On the basis of function, the global food ingredients (acidulants) market is segmented into pH control, acidic flavor enhancer, preservatives, and others. In 2022, the pH control segment is expected to dominate the global food ingredients (acidulants) market growing with a CAGR of 5.7% in the forecast period of 2022 to 2029 as pH control is an important factor in any food to balance its taste and flavor. In addition, consumers demand food and beverages with innovative taste, flavor, and texture, which increases the demand for acidulants that function as pH control. This is expected to drive the growth of the market.
- On the basis of distribution channel, the global food ingredient (acidulants) market is segmented into B2B and B2C. In 2022, the B2B segment is expected to dominate the global food ingredients (acidulants) market with a 95.45% market share and is expected to reach USD 8,516.11 Million by 2029, growing with a CAGR of 5.4% in the forecast period of 2022 to 2029 due to increased demand for acidulants by food processing manufacturers in bulk amounts by wholesalers and online distributors to fulfill consumer demands. This is expected to drive the growth of the market.
- On the basis of end-user, the global food ingredient (acidulants) market is segmented into household/retail, food processing sector, and food service sector. In 2022, the food processing sector segment is expected to dominate the global food ingredients (acidulants) market growing with a CAGR of 5.5%
The food processing sector segment is expected to dominate the global food ingredients (acidulants) market
In 2022, the food processing sector segment is expected to dominate the global food ingredients (acidulants) market growing with a CAGR of 5.5% in the forecast period of 2022 to 2029 due to the rising demand for acidulants among food and beverages manufacturers to enhance the flavor of convenience food products, and to adjust the pH of the food items, and enhance the shelf life.
Major Players
Data Bridge Market Research recognizes the following companies as the major food ingredients (acidulants) market players in food ingredients (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), DIARYCHEM (U.S.), Weifang Ensign Industry Co., Ltd (China), FBC Industries (U.S.), Chemvera Specialty Chemicals Pvt. Ltd. (India).
Market Development
- In December 2021, Tate & Lyle, a leading global food and beverage solutions and ingredients provider, announced that it had signed up for the UK's Food and Drink Federation's (FDF) Action on Fiber. This development will increase the customer base of the company.
- In July 2021, KPS Capital Partners, a US-based investment firm that sells industrial starches, acidulants, and other products, bought a majority stake in Tate & Lyle for USD 1.7 billion. This acquisition gives KPS Capital Partners operational control over Tate & Lyle's major business in Latin America and North America, allowing it to expand its business and presence in those regions.
- In June 2021, Corbion acquired Granotec Mexico S.A. de C.V., which is a key player in functional blends for the Mexican bakery and fortification industries. This development has increased the goodwill of the company.
- In November 2021, At its acidulants plant in Santa Rosa, Brazil, Tate & Lyle PLC announced the construction of a new biomass boiler. This construction aims to reduce greenhouse gas emissions while also increasing plant efficiency.
COVID-19 Impact on the Market
The emergence of COVID-19 had a negative impact on the global market for acidulants as the manufacturing and production of many small and large companies were halted. The demand for the acidulants was also hampered, which affected the market. During the lockdown, demand for end products in the foodservice industry decreased as a result of government restrictions on the export of raw materials from several countries, which had an unpredictably negative impact on the production of major food and beverage companies. Because of COVID-19's immunity-boosting properties, the demand for acidulants, particularly citric acid, has increased. However, the market's growth was hampered by the ingredients' disrupted supply chain.
Post-COVID, the demand for acidulants is increased due to increasing demand for fermented beverages, soft drinks, and many others. Due to the change in many mandates and regulations, manufacturers are enabled to design and launch new products, which will help the market's growth.
Regional Analysis
Geographically, the countries covered in the food ingredients (acidulants) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Europe is the dominant region in food ingredients (acidulants) market during the forecast period
Europe dominated the food ingredients (acidulants) market due to many major players in the region. Europe will continue to dominate the food ingredients (acidulants) market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the increasing trend in this region's food and beverages sector.
Asia-Pacific is estimated to be the fastest-growing region in food ingredients (acidulants) market
Asia-Pacific is expected to grow during the forecast period due to the growing demand for acidulants to produce various types of food and beverages.
For more detailed information about the Food Ingredients (Acidulants) Market report, click here – https://www.databridgemarketresearch.com/reports/global-food-acidulants-market
