Global Acidulants Market – Industry Trends and Forecast to 2029

Market Analysis and Insights

The global acidulants market is gaining significant growth due to the growing application in food & beverage, feed, chemical, cosmetic etc. industries. The increase in demand for acidulants in alcoholic beverages such as wine is also boosting the growth of the global acidulants market. However, stringent government regulations associated with acidulants and health risks associated with some acidulants, such as phosphoric acid is expected to restrain the market growth of acidulants market during the forecast period.

Data Bridge Market Research analyses that the global acidulants market will grow at a CAGR of 6.5% during the forecast period of 2022 to 2029.

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 are fumaric acid, tartaric acid, lactic acid, and gluconic acid.

Global Acidulants Market Dynamics

Drivers

• Growing demand for instant beverages, carbonated drinks, and fermented drinks is likely to favour acidulants market growth

Owing to busy lifestyles, instant beverages and carbonated drinks have become popular amongst consumers. Growth in the young population in developing countries, along with rising disposable income, is enabling consumers to buy ready-to-drink beverages such as instant beverages. In addition, the rising demand for processed food and beverages is also increasing the demand for carbonated drinks and instant beverages. In addition, product innovations such as low/no-calorie drinks are also attracting health-conscious consumers.

Thus, the growing demand for instant beverages, carbonated drinks, and fermented drinks is projected to drive the demand for acidulants over the years to come.

• Rise in demand for acidulants such as malic acid, lactic acid, and sodium lactate in the confectionery industry

Acidulants that are used in confectionery, such as malic acid, lactic acid, and sodium lactate, have unique taste and flavor effects. It also boosts the impact of some aromatic flavor notes due to its volatility. In addition, nowadays, the combinations of acidulants are commonly used in confectionery. Furthermore, malic acid as well as fumaric acid provide more persistent sourness than other food acids at the same concentration and enhances fruit flavors, and boost the impact of high-intensity sweeteners.

Hence, the increased demand for confectionery products increases the demand for acidulants such as malic acid, lactic acid, fumaric acid, sodium lactate, and others by food manufacturers in order to fulfil the demands.

Opportunities

• Biological production of citric acid and acetic acid

Consumers are shifting towards sustainable products and are opting for products that are manufactured with the help of sustainable ingredients. Hence, the demand for sustainable and cost-effective, and biological food ingredients (acidulants) such as citric acid and acetic acid is increasing among the manufacturers. However, the production of bio-succinic acid is quite difficult through a sustainable production that is microbial fermentation, although it is cost-effective.  

Thus, due to the availability of a wide range of bacteria, fungi and yeasts, biological production of acidulants can be increased, and sustainable bio-acidulants products can be offered to the global food & beverages industry, as it holds huge opportunity for food & beverages products that include biologically sustainable ingredients.

Restraints/Challenges

• High prices of acidulants

Fluctuating prices of raw materials such as plant-based sources and higher prices for better quality acidulants have resulted in increased prices of acidulants. Additionally, higher food taxes and growing demand for acidulants result in high prices.

Acidulants such as gluconic acid, tannic acid, and tartaric acid have slightly higher prices as these acidulants have fewer applications in food-grade products. Hence the demand is less, and the production of these acidulants for food-grade applications is minimum which results in higher prices. High prices of acidulants may change purchase patterns for food processing manufacturers over other acidulants.

• Rules and regulation of food regulatory bodies on acidulants products

The rules and regulations for the approval of acidulants laid by governmental bodies are to ensure that the acidulants have no side effects, which may restrict the growth of the global acidulants market. The rising concern related to the side effects of acidulants on health has forced the government to lay down strict rules for product approval. The acidulants may lead to elevated blood pressure, the temporary reddish coloration of the eye, and others. Therefore, the amount of acidulant used is checked properly before using it in any product. Thus, the stringent regulations for the approval process may hamper the market's growth.

Post COVID-19 Impact on Global Acidulants Market

The COVID-19 has affected the market to some extent due to lockdown the manufacturing and production of many small and large companies was halted as well as the demand from the acidulants also was hampered which affected the market. Post-pandemic, 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 regulation, manufactures are enabled to design and launch new products in the market, which will help the growth of the market.

Recent Developments

• 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.
• In December 2021, Tate & Lyle, a leading global provider of food and beverage solutions and ingredients, 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.

Global Acidulants Market Scope

The global acidulants market is segmented into notable segments based on type. The growth amongst these segments will help you analyze major 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 salt
• Tartaric acid
• Lactic acid
• Tannic acid
• Succinic acid
• Ascorbic acid

On the basis of type, the 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.

Global Acidulants Market Regional Analysis/Insights

The global acidulants market is analyzed and market size insights and trends are provided based on as referenced above.

The countries covered in the global acidulants market report are U.S., Canada, Mexico, China, Japan, Australia, India, South Korea, Malaysia, Singapore, Indonesia, Thailand, Vietnam, New Zealand, Philippines, and the rest of Asia-Pacific, U.K., France, Germany, Italy, Spain, Russia, Netherlands, Belgium, Turkey, Poland, Denmark, Sweden, Switzerland and Rest of Europe, South Africa, Oman, Qatar, Saudi Arabia, U.A.E., Kuwait and Rest of Middle East and Africa.

Asia-Pacific is expected to dominate the global acidulants market in terms of market share and market revenue and is estimated to maintain its dominance during the forecast period due to the growing surge for acidulants in various types of industries and growing consumer demand from the end users.

The region 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 Global 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 Global Acidulants Market Share Analysis

The global 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, Global 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 global acidulants market.

Some of the major players operating in global 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.

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 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.

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