The global food acidulants market size is expected to grow from $4.86 billion in 2021 to $5.44 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The food acidulant market is expected to reach $7.29 billion in 2026 at a CAGR of 7.6%.
What is the Global Food Acidulants Market?
The food acidulants market consists of sales of food acidulant products by entities (organizations, sole traders, and partnerships) that are used as additives that contribute to reducing air, bacteria, fungi, and yeast spoilage, thereby extending the shelf life of food products. These additives further help to stabilize, preserve, maintain pH, and improve food properties. In addition, these additives can preserve food while acting as a gelling agent.
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What drives the Global Food Acidulants Market?
Increasing consumption of processed meat is expected to propel the growth of the food acidulants market going forward. Any meat that has been altered to increase its flavor or prolong its shelf life is considered processed meat. Food acidulants are used to increase the shelf life of processed meat, poultry, and fish products, as well as to inhibit the growth of disease-causing bacteria, improve flavor, and improve binding and retention capacity. For instance, according to the Organization for Economic Co-operation and Development - Food and Agriculture Organization (OECD-FAO) Agriculture, the growth in global meat consumption is projected to increase by 12% in between 2020 to 2029. In addition, global meat consumption is expected to reach 570 million tons by the year 2050. Therefore, the increasing consumption of processed meat is driving the growth of the food acidulant market.
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Global Food Acidulants Market Segments
The global food acidulants market is segmented:
By Type: Citric Acid, Lactic Acid, Acetic Acid, Phosphoric Acid, Malic Acid, Others
By Form: Solid, Liquid
By Application: Beverages, Dairy and Frozen Products, Bakery, Meat Industry, Confectionery, Others
By Geography: The regions covered in the food acidulants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Food Acidulants Global Market Report 2022provides market size and growth forecasts for the global food acidulants market, global food acidulants market share, food acidulants market segments and geographies, food acidulants market competitive landscape including leading competitors’ revenues, profiles and market shares. The food acidulants market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Food Acidulants Industry Playersinclude ADM, Bartek Ingredients, Caremoli, Cargill, Hawkins Watts, Corbion, FBC Industries, Dairy Chem, Jungbunzlauer Suisse AG, Parry Enterprises India Limited, Purac biochem BV, Suntran Industrial Group Ltd., Weifang Ensign Industry Co.Ltd., Jones-Hamilton, Aditya Birla Chemicals, Celrich Products, and Fuerst Day Lawson. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
