The global acidity regulator market is anticipated to attain a valuation of US$ 7.6 billion in 2023 and is projected to reach US$ 17.4 billion by 2033, trailing a CAGR of 8.6% during the forecast period. The rising demand for processed foods and beverages has increased the requirement for acidity regulators to maintain pH levels, improve flavor, and extend shelf life, contributing to a positive market outlook. Additionally, the growing consumer awareness of health and wellness, along with the increased consumption of organic and natural food products, which utilize acidity regulators for preservation, further drives market growth.
The market is driven by the growing food and beverage (F&B) industry, particularly in emerging economies, as manufacturers cater to increasing consumer demands. Stringent food safety regulations globally have also spurred the use of acidity regulators, further fueling market growth. Additionally, the increasing popularity of convenience foods and ready-to-drink (RTD) beverages, catering to consumers’ hectic lifestyles, contributes to market expansion.
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The market is experiencing growth due to the rising adoption of acidity regulators in the pharmaceutical industry, increasing demand for clean-label products, and rapid technological advancements in production techniques. Additionally, factors like the exploration of new applications, diverse product options, and the expansion of international food trade are further driving market growth.
The demand for acidity regulators has risen due to customers’ acceptance of ready-to-drink beverages and canned foods. Growing disposable income and time limitations have led to an increased appetite for packaged foods globally. Ready-to-eat and ready-to-cook dishes are particularly popular among young consumers, presenting a growing market opportunity. The usage of acidity regulators in processed, dry, and frozen foods is likely to further boost market growth.
A recent trend is the preference shift from synthetic to organic food additives, like herbal extracts. Developed nations show higher growth in the market for organic shelf-life stabilizers compared to synthetic additives. Consumers perceive organic additives as healthier and safer, leading to increased popularity and opportunities for the acidity regulator market.
Key Takeaways
- The demand for acidity regulator in Asia Pacific is projected to rise with a promising CAGR of 8.8% during the forecast period.
- The market in Europe is expected to grow with a CAGR of 8.3% during the forecast period.
- By type, citric acid is expected to remain high in demand while growing at a CAGR of 8.9% during the forecast period.
- By application, beverage segment is expected to grow with a CAGR of 9.4% during the forecast period.
“Increasing demand for processed foods and beverages is expected to drive the demand for acidity regulators during the forecast period,” comments an FMI Analyst
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Competitive Landscape
The market for acidity regulator is characterized by extreme competition, as key industry players are making significant investments to improve their manufacturing capabilities.
Some recent developments in the acidity regulator market are:
- In February 2023, Corbion expanded its cooperation with Azelis, a leading global innovation service provider in specialty chemicals and food ingredients industries, to distribute Corbion products in Malaysia and Singapore.
- In April 2022, Bartek Ingredients announced the construction of the world’s largest production factory for malic and food-grade fumaric acid, which is currently under development.
- On July 12, 2023, Cargill and John Deere announced a collaborative effort to enhance the digital and in-field experience for farmers using John Deere technology and participating in the Cargill RegenConnect® program.
- In May 2023, Cargill’s salt business entered into an agreement with CIECH Group, a prominent supplier of evaporated salt products.
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Key Segmentation
By Types:
- Acetic Acid
- Lactic Acid
- Citric Acid
- Maleic Acid
- Phosphoric Acid
By Application:
- Beverages
- Sauces, Condiments, and Dressings
- Processed Food
- Bakery
- Confectionery
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About the Chemicals & Materials Division at Future Market Insights
The chemicals and materials team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
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