The beverage acidulants market is estimated to reach a valuation of USD 2.4 billion in 2023 and is estimated to reach USD 3.7 billion by 2033. The market is anticipated to record a CAGR of 4.7% during the forecast period.
Factors Accelerating the demand for beverage acidulants are as Follows:
The market is expected to flourish due to urbanization, the economy, rising disposable income, and the bar and restaurant sector. The increasingly popular beverages among millennials have acidic and off-putting tastes due to the rising demand for fumaric acid.
The market is expanding significantly due to the demand for acidul citric, which is used to change beverages into sweetened flavor drinks. By incorporating tartaric and malic acids and other beverage acidulants, manufacturers were able to preserve beverages in bottles for an extended period, which the other hand, is boosting the market's expansion.
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| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 4.7% |
| Market Valuation (2023) | 2.4 billion |
| Market Valuation (2033) | 3.7 billion |
According to Future Market Insights, the global beverage acidulants market is predicted to record a significant CAGR of 4.7% during the forecast period. Historically, the market registered a CAGR of 4.3% between 2018 and 2022.
In recent years, consumers have become more concerned with living healthy lifestyles. As a result, the market is expanding due to the rising consumption of organic beverages with distinctive acidic tastes for preservation. Also, the industry is expanding due to customers' growing taste for preserved beverages.
Population growth increased drinking, and the growth of the food and beverage industry are driving market expansion. In underdeveloped nations, producers create beverages by incorporating nutritious value and a tasty flavor.
Short Term (2022 to 2025): The growing population, disposable income, and adoption of fumaric acid increase the market growth. Consumers prefer to drink unique beverages due to increased drinking habits and changing lifestyles.
Medium Term (2025 to 2028): The rising innovation of beverages and fermentation in beverages is likely to drive the market. Due to their interest in expensive and organic beverages and concern for their healthy lifestyles, consumers in developing nations are driving market expansion.
Long Term (2028 to 2032): The market expansion is being fueled by government initiative programs, Research and Development activities, significant investments, and FDA-approved acids for beverages. Many market opportunities are being created in the United States by the use of cutting-edge technologies, preserved drinks, and the innovation of exceptional drinks.
The market is estimated to reach USD 3.7 billion during the forecast period. Historically, the market stood at USD 2.3 billion from 2018 to 2022.
Principal Consultant
| Segments | Product Type |
|---|---|
| Top Categories | Citric Acid |
| Historic CAGR | 3.6% |
| Forecast CAGR | 4.0% |
| Segments | Nature |
|---|---|
| Top Categories | Synthetic |
| Historic CAGR | 4.0% |
| Forecast CAGR | 4.4% |
Based on product type, the citric acid segment dominates the global market, recording a CAGR of 4.0% by 2033. Acetic acid, citric acid, phosphorous acid, and other product types are among the many categories the market is divided into; each has a distinct taste, flavor, and usage limitation. Citric acid's distinct and alluring flavor makes it a consumer favorite. Soft, organic and drinks have citric acid as their main ingredient.
The second most popular product in the beverage sector is a beverage based on phosphoric acid. Mostly because of their stinging flavor, cold drinks are the typical soft drink items that are becoming more and more popular on the global market. Historically, citric acid recorded a CAGR of 3.6% between 2018 and 2022.
Based on application, the fruit juice segment is likely to hold a significant l market share during the forecast period as customers are increasingly seeking out healthier beverages to consume the right nutrients and vitamins. Fruit juices are becoming more popular as people demand organic, healthful drinks made from plants. Other categories, including those with dairy ingredients, energy drinks, and alcoholic beverages, also have greater world market shares.
Based on nature, the market is segmented into organic and synthetic. Synthetic beverages are leading the global market by registering a CAGR of 4.4% during the forecast period. Beverage manufacturers widely use synthetic products for coloring and flavoring beverages.
Several beverages, such as milkshakes, smoothies, and cold drinks, are made by adding synthetic products. Several beverage industries are adopting non-toxic and affordable products to enhance the quality of drinks, increasing the market size. In the historical period, synthetic beverages recorded a CAGR of 4.0% between 2018 and 2022.
| Country | United States |
|---|---|
| CAGR (2018 to 2022) | 4.1% |
| CAGR (2023 to 2033) | 4.5% |
| Valuation (2033) | USD 523.2 million |
| Country | United Kingdom |
|---|---|
| CAGR (2018 to 2022) | 2.3% |
| CAGR (2023 to 2033) | 2.6% |
| Valuation (2033) | USD 298.6 million |
| Country | China |
|---|---|
| CAGR (2018 to 2022) | 5.2% |
| CAGR (2023 to 2033) | 5.5% |
| Valuation (2033) | USD 409.5 million |
| Country | Germany |
|---|---|
| CAGR (2018 to 2022) | 4.2% |
| CAGR (2023 to 2033) | 3.4% |
| Valuation (2033) | USD 314.0 million |
| Country | Spain |
|---|---|
| CAGR (2018 to 2022) | 3.4% |
| CAGR (2023 to 2033) | 3.0% |
| Valuation (2033) | USD 198.7 million |
The United States is anticipated to record a CAGR of 4.5% with a valuation of USD 523.2 million during the forecast period. The increasing population of energy drink consumers and rising aerated drinks increase the United States beverage acidulants market size. Besides, rising economies, urbanization, and rapid infrastructure are propelling market growth in the country.
Rising production of beverages, distribution channels, and food & beverage manufacturers are advancing the market opportunities. Besides, the availability of materials, organic products, and import-export policies fueled the United States market growth. As a result, in the historical period, the United States secured a CAGR of 4.1% between 2018 and 2022.
China is anticipated to record a CAGR of 5.5% with a valuation of USD 409.5 million by 2033. China is one of the significant nations in the global market that is growing rapidly. The increasing availability of resources, growing population, high consumption of drinks, and low production costs are fueling the beverage acidulants market in China.
The increasing presence of key players and organic and synthetic acid production are driving China's market. China is a significant producer and distributor of citric acid globally. The key players, including COFCO Biochemical and Huangshi Xinghua Biochemicals, are uplifting the China market. In the historical period, China secured a CAGR of 5.2% between 2018 and 2022.
The market in the United Kingdom is anticipated to record a CAGR of 2.6%, with an expected valuation of USD 298.6 million during the forecast period. The producers of beverages improve the drinks' texture, color, and shelf life as customer demand in the domestic market grows. The market for beverage acidulants in the United Kingdom is being driven by evolving lifestyles and drinking habits, rising consumer demand, and Research and Development activities.
Growing per capita income, shifting consumer preferences, and new product launches increase market opportunities. Besides, emerging trends, exotic flavor drinks, and research & development activities propel the market size. In the historical period, the United Kingdom secured a CAGR of 2.3% between 2018 and 2022.
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Prominent players play a crucial role in the global market. The players are taking efforts to uplift the market by acquiring maximum revenue. These essential players focus on consumers' requirements and provide premium, standardized, exotic drinks that attract them. Besides, they invest a huge portion of the amount in research and development activities to advance the market to another level.
Prominent players launch better quality beverages that capture the consumer's attention. However, the innovation of soft and healthy plant-based drinks has bolstered the market in recent years. As a result, the players adopt marketing strategies mergers, agreements, collaborations, product launches, acquisitions, and partnerships.
Recent Developments in the Beverage Acidulants Market are
Princeton-based Bai Brands introduced the fruit-flavored Bai Supertea. Fruit juice and antioxidants have been added to these just-made flavored teas. In particular, substances like citric acid and malic acid are added, and the whole flavor profile is balanced. The tea's fruitiness flavor is also present.
BP plc, a reputable oil company, revealed plans to develop a world-class acetic acid facility in Duqm. That would really help them create a new line of beverage acidulants.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa |
| Key Segments Covered |
Product Type, Foam, Nature, Application, Region |
| Key Companies Profiled |
Tate and Lyle; Northeast Pharmaceutical Group Co., Ltd.; Batory Nutra; Archer Daniels Midland; Corbion N.V.; DairyChem; Hexagon Overseas; Parry Enterprises India Ltd.; FBC Industries, Inc.; Weifang Ensign Industry Co., Ltd.; Isegen South Africa (Pty), Ltd.; Jones Hamilton Co.; Balchem Ingredient Solution; Cargill Incorporated; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Adoption of beverages acidulants to maintain color and texture and develop exotic products.
The market is expected to expand at a CAGR of 4.7% by 2033.
The beverage industry prefers beverage acidulants to provide unique flavors in carbonated and fruit beverages.
Citric acid segment dominates the global market, recording a CAGR of 4.0% by 2033.
The market in China is expected to progress at a CAGR of 5.5% through 2033.
1. Executive Summary | Beverage Acidulants Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Acetic Acid 5.2. Citric Acid 5.3. Fumaric Acid 5.4. Lactic Acid 5.5. Malic Acid 5.6. Phosphoric Acid 5.7. Tartaric Acid 5.8. Other Product Types 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Form 6.1. Granule 6.2. Liquid 6.3. Powder 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Nature 7.1. Organic 7.2. Synthetic 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 8.1. Alcoholic Beverages 8.2. Dairy-based Beverages 8.3. Energy Drinks 8.4. Fruit Juices and Concentrates 8.5. Soft Drinks 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific Excluding China 9.5. China 9.6. Middle East and Africa 10. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Excluding China Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. China Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Tate & Lyle PLC 18.2. Cargill 18.3. Northeast Pharmaceutical Group Co. Ltd. 18.4. Batory Nutra 18.5. Archer Daniels Midland 18.6. Corbion N.V. 18.7. DairyChem 18.8. Hexagon Overseas 18.9. Parry Enterprises 18.10. FBC Industries 19. Assumptions & Acronyms Used 20. Research Methodology
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Beverage Acidulants Market
