The global acidity regulator market is projected to attain a valuation of USD 7.6 billion in 2023 and is expected to reach USD 17.4 billion by 2033, expected to rise at a CAGR of 8.6% during the forecast period.
Growing concern about food spoiling caused by bacterial activity is reducing the shelf life of food and beverage items, pushing the demand for acidity regulators in the future years. Acidity regulators are being used more often in processed foods in developing countries because they serve a key role in modifying and managing the acidity or alkalinity on a certain level in processed meals, which is crucial for improved flavor and food safety.
Inadequate pH management can lead to the growth of undesirable germs in the product, which could pose a health risk. This aspect is influencing the increased use of acidity regulators in a variety of sectors, including bakery and confectionery. Fumaric acid, for example, is utilized as a flavoring ingredient in bread, fruit drinks, wine, sweets, and pie fillings, which influences the need for acidity regulators in bakery and confectionery items.
Furthermore, due to the increased demand for end-user applications such as processed food and drinks, the acidity regulator market has developed dramatically. The acidity regulators industry has expanded dramatically as a result of the increased demand for healthy processed meals among the younger population.
The beverage industry has had the greatest proportion of the acidity regulators market. Rising disposable income and a lack of time have driven the younger generation to favor packaged food and ready-to-cook meals, which has aided industry expansion. Acidity regulators are used in canned foods, dried foods, and frozen foods to improve flavor and shelf life.
| Report Attribute | Details |
|---|---|
| Expected Market Value (2023) | USD 7.6 billion |
| Anticipated Forecast Value (2033) | USD 17.4 billion |
| Projected Growth Rate (2023 to 2033) | CAGR 8.6% |
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The market of acidity regulators was worth USD 5.3 billion in 2018 and it reached a valuation of USD 7 billion in 2022, while growing at a CAGR of 7.2% during the forecast period.
Acetic acid serves as a buffering agent and neutralizer in the textile industry for fabric dyeing, while glacial acetic acid finds wide usage in printing. Lactic acid acts as a mordant and chrome level effluent control in textile dyeing, leading to improved dye-yields. Additionally, acetic acid is essential in the food industry, providing flavor, microbial decontamination for meat, and mild descaling properties. The World Health Organization recognizes acetic acid's importance in treating outer ear infections. Growth in the textile, food, and pharmaceutical sectors drives the market for acetic acid.
The food and beverage industry, especially in emerging markets, is rapidly expanding, leading to a rising demand for acidity regulators. Increased consumption of processed foods and beverages in these markets is expected to drive the growth of the acidity regulators market. According to Stacey Haas from McKinsey & Company, CPG food and beverage experienced record growth, with a 12% increase in industry revenues in 2020.
This trend is expected to continue, further fueling demand for acidity regulators in the forthcoming period. These regulators play a vital role in controlling acidity and pH levels in food and beverages, preserving flavor, texture, quality, and extending shelf life.
Due to these factors, the demand for acidity regulators is projected to rise with a CAGR of 8.6% during the forecast period.
Consumer acceptance of processed foods and ready-to-drink drinks has also boosted demand for acidity regulators. Rising discretionary income levels and time restrictions have boosted the worldwide population's appetite for packaged meals. Furthermore, in today's fast-paced lifestyles, ready-to-eat and ready-to-cook dishes are popular among young customers since they save time. Frozen foods, canned foods, and dry foods all include acidity regulators.
In recent years, the acidity regulator market has seen a lot of breakthroughs and improvisations among producers, which is predicted to augur well for the industry in the next years. Historically, the majority of the acids were removed by spontaneous fermentation. To meet rising demand, several producers have moved to newer extraction procedures such as methanol carbonization, acetaldehyde oxidation, and oxidative fermentation, which give greater acid yields.
Increased demand for citric acid, phosphoric acid, acetic acid, maleic acid, and lactic acid are among the major influencing variables. Strict government controls impact the market to reduce adulterations, extend shelf life, suppress microbe development, and prevent rancidity in food goods.
The aforementioned reasons, when combined, generate potential by raising demand for acidity regulators, hence driving market expansion, but excessive consumption of these regulators causes health effects, posing constraints. During the predicted period, however, each element would have a distinct influence on the sector.
Overconsumption of acidity regulators, which can cause health problems, is projected to limit market growth. Moreover, strict government regulations in many locations, as well as changing raw material prices, may limit the growth of the acidity regulators market.
Due to rise in beverage and processed food, the Asia-Pacific region is expected to have the largest market share globally, followed by North America throughout the projection period. The market in this region is expected to grow with a CAGR of 8.8% during the forecast period. The region is expected to accumulate over 30.6% market share in 2023. China, India, and Japan are the largest manufacturers of processed foods and drinks in the Asia-Pacific region, which is fueling the market for acidity regulators in this area.
Furthermore, the Asia-Pacific market for acid regulators is the fastest expanding. Rapidly growing food and beverage industries in emerging nations like as China and India, as well as an expanding urban population, are projected to generate opportunities for growth in the acidity regulators market in this area. The growing number of unorganized producers in Asia is stifling the expansion of the acidity regulator market.
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According to Future Market Insights, Acidity regulators have a strong presence in the European market. Strict government rules on food additives in Europe may stymie the expansion of some acid regulators. The market for acidity regulators in Europe is predicted to grow with a CAGR of 8.3% throughout the forecast period.
Citric Acid Driving Market with Sizeable Share
The citric acid segment is expected to dominate the market by accumulating approximately 25.6% market share in 2023. The demand for citric acid as acidity regulator is expected to rise with a CAGR of 8.9% during the forecast period. The increasing benefits of citric acid as an acidity regulator in various industries, including pharmaceuticals, food, beverages, and others is driving the segment growth. Citric acid's popularity stems from its pleasant flavor, pH-controlling effects, and solubility. Its excellent distribution capabilities make it suitable for diverse applications such as food and beverage, personal care, and pharmaceuticals, further enhancing its appeal in the market.
Beverages Leading the Market with Significant CAGR
The beverages segment is expected to account for 15.4% market share in 2023. The sales of acidity regulators for beverages are anticipated to rise with a CAGR of 9.4% during the forecast period. The rising demand in the non-alcoholic beverage industry is a key driver for the growth of the acidity regulators market.
The expanding use of lactic acid in producing dairy products such as cheese, buttermilk, yogurt, and other fermented dairy items further fuels market development. Factors like the booming e-commerce industry, growing population, and increasing demand for food and beverages also contribute significantly to the market's growth.
Start-ups are crucial in identifying growth prospects and fostering industry growth, thanks to their ability to efficiently convert inputs into outputs and adapt to volatile market conditions. Within the acidity regulator market, numerous start-ups are actively involved in manufacturing and offering related services.
The market for acidity regulator is characterized by extreme competition, as key industry players are making significant investments to improve their manufacturing capabilities.
The key industry players are American Tartaric Products, Fuerst Day Lawson, Archer Daniels Midland, FBC Industries Inc., Parry Enterprises India, Chemelco International, Cargill Inc., Gadot Biochemical Industries Ltd., Jungbunzlauer Suisse AG, Shandong Juxian Hongde Citric Acid Co. Ltd.
Some recent developments in the acidity regulator market are:
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 7.6 billion |
| Market Value in 2033 | USD 17.4 billion |
| Growth Rate | CAGR of 8.6% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
By types, By application, By region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Countries Profiled |
United States of America, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, India, China, Japan, Malaysia, Singapore, Thailand, South Korea, Australia, New Zealand, South Africa, Israel |
| Key Companies Profiled |
American Tartaric Products; Fuerst Day Lawson; Archer Daniels Midland; FBC Industries Inc.; Parry Enterprises India; Chemelco International; Cargill Inc.; Gadot Biochemical Industries Ltd.; Jungbunzlauer Suisse AG; Shandong Juxian Hongde Citric Acid Co. Ltd |
| Customization | Available Upon Request |
The market is valued at US$ 7.6 billion in 2023.
The market is forecast to register a CAGR of 8.6% through 2033.
American Tartaric Products and Archer Daniels Midland are the leading market players.
The market registered a CAGR of 7.2% from 2018 to 2022.
The market is estimated to reach US$ 17.4 billion by 2033.
| Estimated Market Value (2024E) | USD 1.9 billion |
|---|---|
| Projected Market Revenue (2034F) | USD 3.3 billion |
| Value-based CAGR (2024 to 2034) | 5.2% |
| Expected Market Value in 2023 | USD 1.5 billion |
|---|---|
| Projected Market Value in 2033 | USD 2.6 billion |
| Market CAGR (2023 to 2033) | 5.7% |
| Market Value in 2023 | USD 2,965.62 million |
|---|---|
| Market Value in 2033 | USD 5,725.70 million |
| Growth Rate (2023 to 2033) | 6.8% CAGR |
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Acidity Regulator Market
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