Food Acidulants Market

Food Acidulants Market Size Analysis 2020-2025:

Food Acidulants Market Size is predicted to reach over USD 6.6 billion, registering a CAGR of 6.95% throughout the foreseen period 2022 - 2027.

What are the benefits of Food Acidulants?

Food acidulants balance the pH levels of foods by regulating moisture, flavor, and color levels. In addition, these ingredients preserve food while acting as gelling agents. The increase in the number of retailers, retail channels, and formats is increasing consumer access to processed and prepared foods. This further increases the need for food additives from the food and beverage industry in South Africa. By offering consumers competitive prices, quality, and services, the organized retail industry exposes consumers to label information, and the comparison of quality with private label and branded products stimulate the Food Acidulants Market. The thirst for prepared foods is high, ultimately driving the Food Acidulants Market.

Food Acidulants Market Report Statistics:

What is the size of the Global Food Acidulants Market?

Food Acidulants Market Size is expected to reach USD 6.6 billion, with growth at a CAGR of 6.95% during the forecast period 2020-2025

What are the Recent Developments in Food Acidulants Market?

1. In July 2018, Lesaffre confirmed its purchase of Delavau Food Partners, a bakery ingredient innovator operating from North America. Delavau provides formulation and enrichment solutions to bakers. Through its ENCORE® line of bakery products, Delavau focuses on enzyme-based dough improvers and other dough improvers for softness, pot life, mold inhibition, loosening and dough strength. The ACCENT® product line offers customers unique fortification options for their products.
    
2. Ingredion Incorporated, a global provider of ingredient solutions for the food and beverage manufacturing industry, announced that it has entered into an agreement with James Cameron and Suzy Amis Cameron to acquire the remaining stake in ownership of Verdient Foods Inc.
    
3. Highlander Partners, LP, a leading mid-market private equity firm based in Dallas, Texas, announced the acquisition of Fuerst Day Lawson Holdings Limited ("FDL") in association with CEO Mac. FDL has the ability to serve a global customer base, with operations in England, the United States, India, and China.
    
4. Huntsman Corp. recently announced that it has completed the previously announced acquisition of the remaining 50% stake in Sasol's maleic anhydride joint venture Sasol-Huntsman.

Food Acidulants Market Drivers and Restraints:

The rising call for food acidulants in the beverage industry, mainly in flavored water, energy, and soft drinks is acting as a pivotal element in the growing market demand worldwide. Acidulants offer several beneficial characteristics to their manufacturers, such as palatability, aroma, and nutritional value, which are likely to increase 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, improving and protecting the taste of meat, improving water retention capacity, and reducing levels of sodium. The increasing change in consumer preferences for protein-rich meat consumables, as well as the rapid development of the processed meat value chain. This will stimulate the demand for meat products, thus stimulating the growth of the industry. Acidulants are commonly used in the baking industry to improve product shelf life and give it a smooth texture. Increasing consumer taste for fresh, quality baked goods has stimulated the use of acidulants due to functional benefits such as sourdough, flavor enhancement, heat resistance, low hygroscopicity, mold inhibition, dough conditioning, and product compatibility dairy products. The increasing need for takeout snacks due to rapid urbanization and the growing workforce has fueled the growth of the baking industry, which is foreseen to drive the growth of the food acidulants market in Asia.

Strict regulations related to the allowed levels of acid used in food products by the authorities like FDA and EFSA can lead to increased compliance costs that would restrict the profitability of the business, thus affecting price trends in the food acidulants industry. The excessive use of acidulants can deteriorate the taste and shelf life. The manufacture of inorganic acidulants, including phosphoric acid, emits toxic fumes that can harm plant personnel and cause irritation of the skin, eyes, and respiratory system. These restrictions may affect earnings in the global food acidulants market.

How the Global Food Acidulants Market is Segmented?

According to the global Food Acidulants Market is segmented by Type, and by Application.

By type, the fumaric acid market is expected to ensure that the gains from controls exceed 2.5% by 2026. Fumaric acid is used primarily as an acid regulator, which has a lasting impact on the market. This acid is mainly used in dry mixes to prevent moisture absorption and product degradation, which can promote the size of the acidity regulator market. The market for citric acid could exceed USD 2.5 billion by the end of 2025. It is used primarily as an acid regulator due to its high solubility, acidity, and bitter taste. It is mainly used as an acid regulator apart from its impact on flavoring and preservatives.

The global carbonated beverage market is expected to exceed $ 400 billion by 2025. The dominant use of acidulants in the manufacture of carbonated beverages as a flavor enhancer due to their attractive attributes including a slightly sour and refreshing taste and a that the diluted balance in carbonated beverages drives the growth of the acid regulation market. A wide range of applications in oats, soybeans, tomatoes, oily fish, walnuts, green leafy vegetables, and probiotics will drive the growth of the industry. Increasing demand for acidulants due to functional attributes such as flavor enhancement, pH control, preservation, chelators, and antimicrobials is likely to drive the acidity regulator market growth over time.

How COVID-19 Impacted Food Acidulants Market?

Coronavirus pandemic has had its worst impact on the food & beverages industry, with the temporary closure of manufacturing units, roadblocks disrupting the supply chain, and the shutdown of end-users like cafes, restaurants, etc. This had a direct impact on the food acidulants industry, as it among the major contributors to the food industry. However, with the relaxation of lockdown conditions, the market s likely to presume to its earlier levels soon.

Regional Insights of the Food Acidulants Market:

The global Food Acidulants market has been divided by region as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.

In the United States, the consumption of sodas, energy drinks, and juices is constantly increasing, which is triggering the use of acidulants in the beverage industries. Since carbonated drinks have a high water activity and some of them are rich in vitamins and minerals, they create an attractive environment for microbes. Therefore, acidulants act as preservatives in drinks, including fruit-flavored drinks. South Africa offers a well-developed retail sector that is connected to other African nations. The country is the largest food and beverage market in southern Africa and serves as a gateway to other countries in sub-Saharan Africa. According to the studies of the USDA, there are over 1,800 food production companies located in South Africa, which are delivering a profitable platform for food additive makers to extend their product portfolio and gain a competitive advantage. Brazil has experienced a rapid demand for processed foods in recent years. Ultra-processed foods are the fastest-growing market segment in the country. Russian consumers have become more demanding in terms of drink flavors and added value in terms of added ingredients. In response to this trend, producers need to expand their product lines with these acidulants. The Asia Pacific with nations like India, Japan, China, etc., is supposed to offer promising opportunities for the food acidulants business.

Leading Company

ADM had the largest share of the Food Acidulants Market in terms of sales and revenue in 2020.

Key Players Covered in the Global Food Acidulants Market report are:

Prominent players in the Global Food Acidulants Market include Bartek Ingredients, ADM, Jungbunzlauer Suisse, Caremoli, Purac Biochem, Parchem Trading, Tate & Lyle., Brenntag, Cargill, and Univar Inc.