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Asia-Pacific Acidulants Market, By 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) 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.
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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 Year
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Type (Citric Acid, Lactic Acid, Acetic Acid, Fumaric Acid, Tartaric Acid, Mallic Acid, Gluconic Acid, Phosphoric Acid & Salt, Succinic Acid, Sodium Citrate, Potassium Citrate, Tannic Acid, Formic Acid, Ascorbic Acid)
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Countries Covered
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China, Japan, Australia, India, South Korea, Malaysia, Singapore, Indonesia, Thailand, Vietnam, New Zealand, Philippines, and the rest of Asia-Pacific
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Market Players Covered
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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 and Others
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Drivers
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.
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.
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
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,
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 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.
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
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.
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.
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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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Asia Pacific Acidulants Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Asia Pacific Acidulants Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.