Asia-Pacific Acidulants Market – Industry Trends and Forecast to 2029

Market Analysis and Insights

Acidulants are chemical compounds that give a tart, sour, or acidic flavor to foods or enhance the perceived sweetness of foods. Acidulants also find major applications in metal manufacturing, textile industry, chemical manufacturing industry, etc.  Acidulants can also function as leavening agents and emulsifiers in some Pharmaceutical products. Though acidulants can lower pH, they differ from acidity regulators, which are food additives specifically intended to modify food stability or enzymes within it. Typical acidulants are acetic acid (for instance, in pickles, chemical industry) and citric acid. Many beverages, such as colas, contain phosphoric acid. Phosphoric acid also used in manufacturing of fertilizers.

Data Bridge Market Research analyses that the Asia-Pacific acidulants market will grow at a CAGR of 5.9% during the forecast period of 2022 to 2029.

Asia-Pacific Acidulants Market Dynamics

Drivers

• Growing demand for convenience food products is likely to favor food acidulants industry growth

Acidulants are the key ingredient used in the manufacturing of convenience food to add a refreshing flavor, improved texture and tartness, and enhance the taste of the product. With the increased demand for enhanced convenience/ready-to-eat food due to the busy lifestyle and changing bung preferences of consumers, food processing manufacturers are demanding more acidulants to add to the food product to fulfill the demands.

• Wide use of citric acid and malic acid in emerging alcoholic as well as non-alcoholic beverage applications

In most beverages, citric acid is the first choice to be used as an acidulant. The reason behind this is the specific, relatively mild to slightly sharp sourness and the refreshing effect on most of the fruit flavors. Furthermore, malic acid is used when strong flavor enhancement is expected and mostly in combination with citric acid. Other than these acidulants, phosphoric and succinic acid is also used in beverage applications. Phosphoric acid is mostly used in carbonated beverages such as Cola to bring a specific taste profile and strong effect on pH. All these factors are driving the growth of Asia-Pacific acidulants market.

• Rise in demand for acidulants such as Phosphoric acid in ferlizers industry

About 90% of the phosphoric acid produced is used to make fertilizers. It is mainly converted into three phosphate salts which are used as fertilizers. Growing demand of food across the globe has boosted demand for various fertilizers so that using fertilizers can improve the yield of crops. Thus, fertilizers industry is driving growth of global acidulants market

Opportunity

• Increasing demand for acidulants from the rising food processing industry in emerging economies such as india and china

The food processing industry is consistently growing in countries such as India and China, owing to increased demand for convenience food, ready-to-eat food, instant beverages, processed meat products, confectioneries, and others. The busy lifestyle of consumers increases disposable income so that consumers spend more money and urge to taste new and better food products with different flavors.

Acidulants help create the refreshing bite in a sports drink, the creamy meltability in cheese, the gelled texture in jellies and other food items, which increases the demand for acidulants in the food processing industry and creates an opportunity for the acidulants market.

Restraint/Challenge

• Issues arising due to over usage of phosphate-based products

Phosphorus is found naturally in many foods, and phosphoric acid is used as an acidulant. Therefore, most people get enough phosphorus in their diet. The recommended daily amount (RDA) of phosphorus needed for the normal bodily function is 700 mg. It can easily be obtained from natural food sources. Foods that are high in protein (for instance, meat, beans, eggs, chicken, and fish) are usually high in phosphorus as well. This means additional phosphoric acid from processed food and soda is more than the body needs it.

However, due to the increasing consumption of unhealthy and preserved food among people, other has been a higher intake of phosphoric acid than the normal level.

For instance,

• One soda may have up to 500 mg of phosphoric acid
• People who take 4,000 mg per day of phosphorus are considered at high risk for negative health effects associated with phosphorus

This Asia-Pacific acidulants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Asia-Pacific acidulants market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Post COVID-19 Impact on Asia-Pacific Acidulants Market

Post the pandemic, the demand for acidulants has increased as there won't be any more restrictions on movement, and hence, the supply of products would be easy. In addition, the growing trend of trying new cuisines and soft drinks, fermented drinks such as kombucha, kefir, water kefir, tepache, and boza, especially among the young population, will propel the growth of the market.

The increased demand for fermented drinks enables manufacturers to launch innovative & flavored fermented drinks, which ultimately increases the demand for acidulants, which has helped the market grow.

Asia-Pacific Acidulants Market Scope

The Asia-Pacific acidulants market is segmented into type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Type

• Citric Acid
• Sodium Citrate
• Potassium Citrate
• Acetic Acid
• Formic Acid
• Gluconic Acid
• Fumaric Acid
• Malic Acid
• Phosphoric Acid And Salts
• Tartaric Acid
• Lactic Acid
• Tannic Acid
• Succinic Acid
• Ascorbic Acid

On the basis of type, the Asia-Pacific 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.

Asia-Pacific Acidulants Market Regional Analysis/Insights

The Asia-Pacific acidulants market is analysed and market size insights and trends are provided by country, type as referenced above.

The countries covered in the Asia-Pacific market report are China, Japan, Australia, India, South Korea, Malaysia, Singapore, Indonesia, Thailand, Vietnam, New Zealand, Philippines, and the rest of Asia-Pacific.

China dominates the Asia-Pacific 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 presence of flourishing food and beverages product demand, especially processed food because of changing lifestyle and time constraints.

The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Asia-Pacific brands and their challenges faced due to high competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Asia-Pacific Acidulants Market Share Analysis

Asia-Pacific acidulants market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on Asia-Pacific acidulants market.

Some of the major players operating in Asia-Pacific acidulants market are Cargill, Incorporated, Brenntag, Tate & Lyle, ADM, Jungbunzlauer Suisse AG, Corbion, Bartek Ingredients Inc., INDUSTRIAL TECNICA PECUARIA, S.A., DIARYCHEM, Weifang Ensign Industry Co., Ltd, FBC Industries, Chemvera Specialty Chemicals Pvt. Ltd., Direct Food Ingredients, Richest Group, Suntran.cn, Foodchem International Corporation, Arshine Pharmaceutical Co., Limited, Hawkins Watts Limited, Arihant Chemical, and Innova Corporate, among others.

Research Methodology

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 adition, 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, Asia-Pacific Vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.

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