Asia-Pacific Food Ingredients (Acidulants) Market, 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) Industry Trends and Forecast to 2029.
Market Analysis and Insights
The Asia-Pacific food ingredients (acidulants) market is gaining significant growth due to the growing food & beverage industry and the rise in demand for flavored drinks and food. The increase in demand for acidulants in alcoholic beverages such as wine also boosts the growth of the Asia-Pacific food ingredients (acidulants) market. However, stringent government regulations associated with acidulants and health risks associated with some acidulants, such as phosphoric acid, are expected to restrain the market growth of acidulants market during the forecast period.
Data Bridge Market Research analyses that the Asia-Pacific food ingredients (acidulants) market is expected to grow at a CAGR of 6.1% during the forecast period of 2022 to 2029.
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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 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, 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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China, Japan, India, South Korea, Thailand, Philippines, Indonesia, Singapore, Vietnam, Malaysia, Australia, New Zealand and rest of Asia-Pacific
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Market Players Covered
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Cargill, Incorporated, Brenntag SE, Tate & Lyle, ADM, Foodchem International Corporation, Corbion, Bartek Ingredients Inc., Weifang Ensign Industry Co., Ltd, Chemvera Specialty Chemicals Pvt. Ltd., Hawkins Watts Limited, Richest Group, Suntran.cn, Arshine Pharmaceutical Co., INDUSTRIAL TECNICA PECUARIA, S.A., Arihant Chemicals, among others
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Market Definition
Acidulants are chemical compounds that give a tart, sour, or acidic flavor to foods or enhance the perceived sweetness of foods. Acidulants can also function as leavening agents and emulsifiers in some kinds of processed foods. 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) and citric acid. Many beverages, such as colas, contain phosphoric acid. Sour candies often are formulated with malic acid. Other acidulants used in food production include fumaric acid, tartaric acid, lactic acid, and gluconic acid.
Asia-Pacific Food Ingredients (Aciduants) 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 product's taste. 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. 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, mostly in combination with citric acid. Besides 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 expected to drive the growth of the Asia-Pacific food ingredients (acidulants) market.
Opportunities
- 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 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 cream melting 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.
For instance,
- In 2021, according to Investor Portal, the gross value added in the Indian food processing industry increased from USD 17,583.40 Million to USD 28,133.40 Million in 5 years 2016-2021
Restraints/Challenges
- 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 normal bodily function is 700 mg. It can easily be obtained from natural food sources. Foods high in protein (for instance, meat, beans, eggs, chicken, and fish) are usually high in phosphorus. This means additional phosphoric acid from processed food and soda is more than the body needs.
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 food ingredients (acidulants) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 the Asia-Pacific food ingredients (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 Food Ingredients (Aciduants) 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.
Recent Development
- In March 2022, Brenntag SE acquired the Israeli specialty chemicals distributor Y.S. Ashkenazi Agencies Ltd, along with its subsidiary, Biochem Trading. This acquisition represents Brenntag's entry into the Israeli market. This acquisition will increase the goodwill of the company
Asia-Pacific Food Ingredients (Aciduants) Market Scope
The Asia-Pacific food ingredients (acidulants) market is segmented into type, form, function, distribution channel, and end-user. 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
- Others
On the basis of type, the Asia-Pacific 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.
Form
- Dry
- Liquid
On the basis of form, the Asia-Pacific food ingredients (acidulants) market is segmented into dry and liquid.
Function
- pH control
- Acidic flavor enhancer
- Preservatives
- Others
On the basis of function, the Asia-Pacific food ingredients (acidulants) market is segmented into pH control, acidic flavor enhancer, preservatives, and others.
Distribution Channel
- B2B
- B2C
On the basis of distribution channel, the Asia-Pacific food ingredients (acidulants) market is segmented into B2B and B2C.
End-User
- Household/Retail
- Food Processing Sector
- Food Service Sector
On the basis of end-user, the Asia-Pacific food ingredients (acidulants) market is segmented into household/retail, food processing sector, and food service sector.
Asia-Pacific Food Ingredients (Aciduants) Market Regional Analysis/Insights
The Asia-Pacific food ingredients (acidulants) market is analyzed, and market size insights and trends are provided by country, type, form, function, end-user, and distribution channel, as referenced above.
Some of the countries covered in the Asia-Pacific food ingredients (acidulants) market report are China, Japan, India, South Korea, Thailand, Philippines, Indonesia, Singapore, Vietnam, Malaysia, Australia, New Zealand and rest of Asia-Pacific.
China is expected to dominate the Asia-Pacific food ingredients (acidulants) market in terms of market share and 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 lifestyles 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 Food Ingredients (Aciduants) Market Share Analysis
The Asia-Pacific food ingredients (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 the Asia-Pacific food ingredients (acidulants) market.
Some of the major players operating in the Asia-Pacific food ingredients (acidulants) market are Cargill, Incorporated, Brenntag SE, Tate & Lyle, ADM, Foodchem International Corporation, Corbion, Bartek Ingredients Inc., Weifang Ensign Industry Co., Ltd, Chemvera Specialty Chemicals Pvt. Ltd., Hawkins Watts Limited, Richest Group, Suntran.cn, Arshine Pharmaceutical Co., INDUSTRIAL TECNICA PECUARIA, S.A., Arihant Chemicals, 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 addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the 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 an analyst call in case of further inquiry.
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