IMARC Group, a leading market research company, has recently released a report titled “Acidity Regulators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global acidity regulators market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The VAcidity Regulators Industry?
According to the report, The global acidity regulators market size reached US$ 6.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
What are Acidity Regulators?
Acidity regulators refer to additives used to impart a sour taste to food products while maintaining appropriate pH levels and ensuring longer shelf life. Some commonly used acidity regulators include citric acid, phosphoric acid, acetic acid, maleic acid, fumaric acid, and lactic acid. They aid in altering and controlling the acidity and alkalinity at specific levels, which is essential for processing, taste, and food safety. For instance, citric acid is widely used to improve the gel consistency in marmalades and reduce enzymatic browning in fruits, whereas calcium acetate is utilized to prevent microbial growth in cake mixtures, puddings, pie fillings, and pet food. At present, acidity regulators find extensive applications as preservatives, neutralizing and buffering agents, and organic and mineral acids across the food and beverage (FB) industry.
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What are the growth prospects and trends in the Acidity Regulators industry?
The global acidity regulators market is primarily driven by the rising product usage in low-acid foods, including cucumbers, cauliflower, peppers, and fish, to acidify them and maintain the desired product quality. Moreover, there is a surge in need for acidity regulators, as inadequate pH control can result in the growth of unwanted bacteria in food items. Along with this, the escalating sales of ready-to-eat (RTE) meals owing to rapid urbanization, changing consumer dietary patterns, and busy working schedules have augmented product demand. Additionally, there has been widespread adoption of acidity regulators to prolong the shelf life of beverages, processed foods, and confectionery products due to the growing awareness about food wastage and spoilage. In line with this, the increasing consumption of fast foods, energy drinks, and fruit-flavored blends has propelled market growth. Other factors, including emerging applications of acidity regulators as food preservatives, inflating consumer purchasing power, and rising product use in pet nutrition items, are also anticipated to catalyze market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Citric Acid
- Phosphoric acid
- Acetic Acid
- Maleic Acid
- Lactic Acid
- Others
- Breakup by Source:
- Natural
- Synthetic
- Breakup by Application:
- Beverages
- Sauces, Condiments, and Dressings
- Processed Food
- Bakery
- Confectionery
- Others
- Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Archer Daniels Midland Company
- Bartek Ingredients Inc.
- Cargill Incorporated
- Celrich Products Pvt. Ltd.
- Chemelco International B.V.
- Corbion N.V.
- F.B.C Industries Inc.
- Foodchem International Corporation
- Jungbunzlauer Suisse AG
- Tate Lyle Plc
- Univar Solutions Inc.
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