IMARC Group's report titled "Acidity Regulators Market Report by Product (Citric Acid, Phosphoric acid, Acetic Acid, Maleic Acid, Lactic Acid, and Others), Source (Natural, Synthetic), Application (Beverages, Sauces, Condiments, and Dressings, Processed Food, Bakery, Confectionery, and Others), and Region 2024-2032", The global acidity regulators market size reached US$ 6.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
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Factors Affecting the Growth of the Acidity Regulators Industry:
- Changing Consumer Preferences:
The rising demand for acidity regulators due to changing consumer tastes and preferences is bolstering the growth of the market. In line with this, the increasing consumption of convenience and processed food products is supporting the market growth. These foods often require acidity regulators to enhance their overall quality. Furthermore, consumers are seeking products that are ready-to-eat (RTE) and have a consistent taste and texture. Besides this, acidity regulators, such as citric acid or tartaric acid, are used to balance flavors, control acidity levels, and maintain product consistency.
- Increasing Demand for Food Preservation:
Acidity regulators are vital for extending the shelf life of various food products. They inhibit the growth of spoilage microorganisms and pathogens, reducing the risk of foodborne illnesses and food spoilage. Apart from this, the rising demand for acidity regulators, as they minimize food waste, is contributing to the growth of the market. Moreover, manufacturers are focusing on increasing the shelf life of perishable food items, such as dairy products, meat, and baked food items. Furthermore, acidity regulators, including phosphoric acid and citric acid, are employed to maintain product freshness, taste, and texture, thereby reducing food waste.
- Regulatory Compliance:
Governing agencies of various countries are imposing stringent regulations and standards on food safety and quality, which is impelling the growth of the market. In addition, manufacturers are adhering to these standards to ensure product safety and quality. Apart from this, acidity regulators are used to meet these regulatory requirements, as they help control and maintain the acidity levels of food products. Furthermore, compliance with regulations is not only a legal obligation but also a critical factor in establishing trust among consumers.
Leading Companies Operating in the Global Acidity Regulators Industry:
- 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.
Acidity Regulators Market Report Segmentation:
By Product:
- Citric Acid
- Phosphoric acid
- Acetic Acid
- Maleic Acid
- Lactic Acid
- Others
Citric acid represented the largest segment on account of the increasing demand for natural ingredients.
By Source:
- Natural
- Synthetic
Natural accounted for the largest market share due to the rising need for cleaner and healthier food options.
By Application:
- Beverages
- Sauces, Condiments, and Dressings
- Processed Food
- Bakery
- Confectionery
- Others
Beverages hold the biggest market share as acidity regulators maintain product stability.
Regional Insights:
- 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
Asia Pacific enjoys the leading position in the acidity regulators market, which can be attributed to the increasing health consciousness among individuals.
Global Acidity Regulators Market Trends:
Advancements are leading to the introduction of innovative products that offer enhanced functionality and versatility. In addition, manufacturers are adopting advanced technologies to stay competitive and meet evolving consumer expectations.
People are increasingly seeking healthier food options, which is bolstering the market growth. Apart from this, the growing demand for natural acidity regulators derived from sources like fruits is offering a positive market outlook. Moreover, natural acidity regulators, such as citric acid from citrus fruits, are safer alternatives to synthetic additives.
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