The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Current Scenario

• The food acidulants market has experienced robust growth, rising from $5.92 billion in 2023 to $6.42 billion in 2024.
• Impressive CAGR of 8.5% in the historic period.
• Growth attributed to increased consumer demand for processed foods, global expansion of the food and beverage industry, and the need for flavor enhancement.

Future Trajectory

• Anticipated growth to $8.87 billion in 2028.
• Expected CAGR of 8.4% in the forecast period.
• Factors driving growth include the adoption of acidulants in clean label formulations, emphasis on pH regulation in food processing, and the expansion of acidulant applications in various industries.

Meat Processing Boom Driving Market Growth

Key Driver

• The increasing consumption of processed meat is a significant contributor to the growth of the food acidulants market.
• Food acidulants play a crucial role in increasing the shelf life of processed meat, inhibiting bacterial growth, improving flavor, and enhancing binding and retention capacity.

Global Meat Consumption Trends

• According to OECD-FAO, global meat consumption is projected to increase by 12% between 2020 to 2029.
• Expected global meat consumption to reach 570 million tons by the year 2050.
• The surge in processed meat consumption is a major driver for the food acidulant market.

Key Market Players

• Major companies in the food acidulants market include:
  • ADM (Archer Daniels Midland Company)
  • Bartek Ingredients Inc.
  • Caremoli Group
  • Cargill Incorporated
  • Corbion
  • And more.

Innovative Sugar Reduction Technology Enhances Market

Sugar Reduction Technology

• Major players are innovating new technologies, such as Sugar Reduction Technology, to enhance their market position.
• This technology enables the use of less sugar in recipes while retaining the same taste.

Nestle’s Initiative

• In July 2023, Nestle S.A. launched Sugar Reduction Technology in food acidulants.
• This innovation allows producers to meet customer demand for healthier, lower-sugar products without compromising flavor or quality.

Strategic Acquisition Strengthens Market Presence

KPS Capital Partners and Tate & Lyle

• In July 2021, KPS Capital Partners acquired a controlling stake in Tate & Lyle for $1.7 billion.
• This acquisition provided KPS Capital Partners with operational control over Tate & Lyle’s primary business in North America, Latin America, Almidones Mexicanos, and DuPont (Tate & Lyle’s joint venture bio-products company).

Tate & Lyle’s Offerings

• Tate & Lyle offers a range of products, including nutritional sweeteners, soy protein, industrial starches, acidulants, and other corn products.
• This strategic move strengthens KPS Capital Partners’ presence in North and Latin America.

Market Segmentation

• The food acidulants market is segmented based on:
  1. Type: Citric Acid, Lactic Acid, Acetic Acid, Phosphoric Acid, Malic Acid, Other Types
  2. Form: Solid, Liquid
  3. Application: Beverages, Dairy And Frozen products, Bakery, Meat Industry, Confectionery, Other Applications

Regional Dynamics

• In 2023, Asia-Pacific emerged as the largest region in the food acidulants market.

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The Food Acidulants Global Market Report 2024  provides an overview of the food acidulants market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The food acidulants market forecast analyzes food acidulants market size, food acidulants market share, leading competitor and their market positions.

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