Asia-pacific Food Acidulants Market Analysis:
The Asia-pacific Food Acidulants Market is estimated to experience moderate growth to record a notable CAGR throughout the outlook period (2020-2025).
Food acidulants are additives that stabilize the pH levels in food products. Acids, also called dietary acids, help balance flavor, color, and moisture levels by regulating the acidity levels of foods. In addition to regulating acidity levels, these ingredients help preserve food and beverages and act as gelling agents. Acidulants help achieve a strong flavor in jams, sauces, and CSD. These additives vary in flavor profiles depending on flavor intensity and durability, i.e., citric acid for an immediate sour citrus flavor, malic acid for a slightly delayed sour apple flavor. Citric acid is a natural and most commonly used acidulant. Food acidulant is one of the fastest-growing major segments of the food ingredient market.
In February 2019, Bartek Ingredients Inc., the world's largest producer of food grade malic acid and fumaric acid, successfully completed its capacity expansion by increasing production of malic and fumaric acid by 4,000 tonnes. This expansion would help meet the growing demand for acid regulators worldwide.
Market Drivers and Restraints:
The growing demand for acid regulators in the beverage industry, mainly in flavored water, energy and soft drinks. Acidulants offers several beneficial characteristics to its makers, such as palatability, aroma, and nutritional value, which is likely to promote demand for the product. Lactic acids are widely used in processed meat products due to their key properties, including extending shelf life, controlling pathogenic bacteria, enhancing and protecting the taste of meat, improving water holding capacity and reducing levels of sodium. The growing shift in consumer preferences for high-protein meat consumables, as well as the rapid development of the processed meat value chain. It will boost the demand for meat products, thus driving the growth of the industry. Acidulants are commonly used in the baking industry to improve the shelf life of the product and impart a smooth texture.
Consumers' growing taste for fresh, quality baked goods has spurred the use of acidulants due to functional benefits such as sourdough, taste improvement, heat resistance, low hygroscopicity, mold inhibition, dough conditioning, and compatibility with dairy products. The increasing demand for take-out snacks due to rapid urbanization and the growing workforce has fueled the growth of the baking industry, which is expected to fuel the growth of the Asia Pacific acid regulator market. Strict regulations regarding the permitted levels of acid use in food products by the FDA and EFSA can result in higher compliance costs that would limit the profitability of the industry, thereby affecting industry price trends food acidulant industry. Excessive use of acidulants can lead to deterioration of taste and shelf life. The manufacture of inorganic acidulants, including phosphoric acid, emits toxic fumes that can harm plant personnel and cause irritation to the skin, eyes, and respiratory system. These restrictions can hamper profits in the APAC food acidulant market.
The size of the fumaric acid market is projected that the gains from controls could exceed 2.5% by 2025. Fumaric acid is primarily used as an acid regulator, resulting in a lasting impact on the market. This acid is mainly used in dry mixtures to prevent moisture absorption and product degradation, which can promote the size of the acidity regulator market. The size of the citric acid market could exceed USD 2.5 billion by the end of 2025. It is mainly used as an acid regulator due to its high solubility, acidity and sour taste, it is mainly used as an acid regulator used as a flavoring and preservative agent.
The global soft drink market is expected to exceed $ 400 billion by 2024. The dominant use of acidulants in soft drink manufacturing as a flavor enhancer due to its compelling attributes including a slightly acidic and refreshing flavor and balance sweetened in soft drinks, it is expected to drive growth in the acid regulating market. Dietary acidulants from food and nutritional applications can exceed $ 600 million by 2025.
A wide range of applications in oats, soybeans, tomatoes, blue fish, walnuts, green leafy vegetables, and probiotics will stimulate the growth of the industry. The increasing demand for acidulants due to functional attributes such as flavor enhancement, pH control, preservation, chelators and antimicrobials is expected to fuel the growth of the acidity regulator market in time.
Impact of COVID-19 on Asia-pacific Food Acidulants Market
Food and beverage companies around the world, from cafe and restaurant owners to large food manufacturers and retailers, continue to feel the impact of COVID-19. Social isolation, self-isolation, and the closure of the entire city have forced many facilities to be closed in countries in Asia, the United States, Europe, and the rest of the world. Under immense pressure from consumers who stock products, empty shelves are becoming common in supermarkets and supermarket chains around the world. Household items like toilet paper, hand washing, canned goods, and frozen foods have been the hardest hit, but as the situation changes, individual chains have begun to change their business models.
The market for Asia-pacific Food Acidulants has been categorized by geography into China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. Asia-Pacific, dominated by India, South Korea, Japan and China, could see a substantial increase that could represent more than 4.5% by 2025. The growing demand for canned goods and beverages has led to a growing adoption of acidulants in the manufacture of edible products, mainly for preservation purposes. The increase in the production of Chinese acidulants has put pressure on western actors due to falling manufacturing costs, which is expected to promote the growth of the regional food acidulants market.
ADM had the largest share of the Asia-Pacific Food Acidulants Market in terms of sales revenue in 2019.
Key players in the Asia-Pacific Food Acidulants Market include Bartek Ingredients, ADM, Jungbunzlauer Suisse, Purac Biochem, Parchem Trading, Tate & Lyle, Brenntag, Cargill, Univar Inc, and Caremoli.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Food Acidulants Market, By Type
6.1.1 Acetic Acid
6.1.2 Lactic Acid
6.1.3 Citric Acid
6.1.4 Malic Acid
6.1.5 Phosphoric Acid
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Food Acidulants Market, By Application
6.2.1 Bakery and Confectionery
6.2.2 Meat Industry
6.2.3 Dairy And Frozen Products
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 Asia Pacific
7.2.1 By Country
220.127.116.11 Rest of APAC
7.2.2 By Type
7.2.3 By Application
8. Key Player Analysis
8.1 Tate & Lyle
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Hawkin Watts
8.4 Cargill Inc
8.6 Huangshi Xinghua Biochemical Co. Ltd
8.7 COFCO Biochemical
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures