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The food acidulants market share is expected to increase to USD 2.49 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.05%.
This food acidulants market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers food acidulants market segmentation by application (bakery and confectionery, beverages, and others) and geography (North America, APAC, Europe, South America, and Middle East and Africa).
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The food acidulants market report also offers information on several market vendors, including Archer Daniels Midland Co., Arshine Pharmaceutical Co. Ltd., Bartek Ingredients Inc., Batory Foods, BRENNTAG SE, Cargill Inc., Citribel NV, Corbion NV, DairyChem, FBC Industries Inc., FDL Ltd., Fuso Chemical Co. Ltd., Grasim Industries Ltd., Hawkins Watts Ltd., Isegan South Africa Pty Ltd., Jungbunzlauer Suisse AG, MegaChem UK Ltd., Suntran Industrial Group Ltd., Tate and Lyle Plc, and Weifang Ensign Industry Co. Ltd. among others.
The rising demand for processed food is notably driving the food acidulants market growth, although factors such as adverse effects of acidulants may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the food acidulants industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Food Acidulants Market Driver
One of the key factors driving the global food acidulants market growth is the rising demand for processed food. The urbanized global population is inclined toward packaged food products and frozen food materials. An expanding global middle-class and an increase in the number of working women contribute to the high demand for processed foods. A long shelf-life is a key marketing aspect for frozen foods. Frozen food manufacturers employ innovative ways to improve the shelf-lives of frozen food products. In pickled fish, processed meat, and ready-to-eat meals, acidulant is added to improve the efficiency of food processing. Therefore, in savory foods, food acidulants are used as shell-life regulators, which improve the shelf life of the respective products. Such factors will act as driving forces for the market growth in the forecast period.
Key Food Acidulants Market Trend
Growing penetration of online food retailing is one of the key food acidulants market trends that is expected to impact the industry positively in the forecast period. Growth in online retail channels is augmented by the increasing vendor focus on omnichannel retailing that combines the brick-and-mortar channels of distribution and online retailing. The global processed red meat industry vendors also sell their products online through various online platforms. For instance, Tyson Foods Inc. sells its brands Hillshire Farm and Tyson through third-party online retailers such as Amazon.com Inc. (Amazon), Walmart, and Target. Similarly, Hormel Foods offers products such as beef sausages, Hormel pepperoni, and other pork products through various third-party online retailers, such as Amazon, Walmart, Target, Tesco, and others. Such factors are expected to further boost the demand for food products, which will drive the market growth during the forecast period.
Key Food Acidulants Market Challenge
One of the key challenges to the global food acidulants market growth is the adverse effects of acidulants. Carboxylic content in lactic acid might react with active metals in turn to form gaseous hydrogen and a metal salt. It reacts with cyanide salts to generate hydrogen cyanide gas, which is flammable. Its reaction with cyanide salts is identified as combustible material. When heated, its vapors will form an explosive mixture with air, and contact with metals will involve flammable hydrogen gas. On the other hand, when lactic acid is not handled properly, it might cause coughing, serious irritation of mucous membranes, and indigestion. Inhalation of highly concentrated acetic acid vapors can lead to irritation of the eyes and nose, sore throat, headache, cough, chest tightness, and confusion. High doses of acetic acid can cause burning of the mouth and throat, stomach cramps, and diarrhea and also can burn bare skin. Such factors may limit the market growth during the forecast period.
This food acidulants market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the food acidulants market encompasses successful business strategies deployed by the key vendors. The food acidulants market is fragmented and the vendors are deploying growth strategies such as an increase in research and development (R&D) activities and product launches to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The food acidulants market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Technavio categorizes the global food acidulants market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the food acidulants market during the forecast period.
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30% of the market's growth will originate from APAC during the forecast period. China is the key market for food acidulants in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The significant increase in the demand for processed food products will facilitate the food acidulants market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the food acidulants market in APAC witnessed certain challenges due to the COVID-19 pandemic. India, China, Indonesia, and Bangladesh are some of the worst-affected countries by the pandemic in the region. The outbreak affected the overall economy of the region and negatively impacted the supply chain of various industries, including specialty chemicals. However, rapid vaccination drives in countries like India, Japan, and others helped the market to recover in 2021. With the growing consumption of processed foods, the regional market will witness further growth during the forecast period.
Our report provides extensive information on the value chain analysis for the food acidulants market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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The food acidulants market share growth by the bakery and confectionery segment will be significant during the forecast period. The growth is attributed to the high demand for food acidulants owing to its applications in bakery and confectionery food products. Food acidulants are widely used as pH regulators in the bakery and confectionery segment, which contributes to a major portion of the market share of the global food acidulants market in terms of revenue.
This report provides an accurate prediction of the contribution of all the segments to the growth of the food acidulants market size and actionable market insights on post COVID-19 impact on each segment.
Food Acidulants Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.05% |
Market growth 2022-2026 |
$ 2.49 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.48 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 30% |
Key consumer countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Archer Daniels Midland Co., Arshine Pharmaceutical Co. Ltd., Bartek Ingredients Inc., Batory Foods, BRENNTAG SE, Cargill Inc., Citribel nv, Corbion NV, DairyChem, FBC Industries Inc., FDL Ltd., Fuso Chemical Co. Ltd., Grasim Industries Ltd., Hawkins Watts Ltd., Isegan South Africa Pty Ltd., Jungbunzlauer Suisse AG, MegaChem UK Ltd., Suntran Industrial Group Ltd., Tate and Lyle Plc, and Weifang Ensign Industry Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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