Acidity Regulators Global Market Report 2024

Acidity regulators, belonging to a category of acidulants, play a crucial role in controlling the proliferation of harmful bacteria while adjusting acidity to ensure food safety and enhance flavor. They are employed to modify and regulate acidity or alkalinity to specific levels essential for processing, flavor development, and overall food safety.

The primary products categorized under acidity regulators include citric acid, phosphoric acid, acetic acid, maleic acid, lactic acid, and others. Phosphoric acid, a colorless and tasteless crystalline liquid containing phosphorus, is used as an acidifying agent in sodas and colas to impart a sour flavor. Sources of these regulators can be both natural and synthetic. They find applications in various sectors such as beverages, bakery products, confectionery, processed foods, dairy products, dressings and condiments, among others.

The acidity regulators market research report is one of a series of new reports from The Business Research Company that provides acidity regulators market statistics, including acidity regulators industry global market size, regional shares, competitors with an acidity regulators market share, detailed acidity regulators market segments, market trends and opportunities, and any further data you may need to thrive in the acidity regulators industry. This acidity regulators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The acidity regulators market size has grown strongly in recent years. It will grow from $7.29 billion in 2023 to $7.84 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth observed in the historical period can be attributed to several factors, including the expansion of the food and beverage industry, a rise in the consumption of processed foods, evolving consumer preferences, global population growth, and the influence of health and safety regulations. These elements collectively contributed to the development and expansion of the relevant markets.

The acidity regulators market size is expected to see strong growth in the next few years. It will grow to $10.62 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to various factors, including the increasing awareness of health-conscious choices, a growing demand for natural and organic ingredients, adherence to government regulations and standards, a rise in the consumption of convenience foods, and the impact of international trade and globalization on the food and beverage industry. Key trends expected in the forecast period include innovation in functional beverages, technological advancements in production processes, a heightened focus on health and wellness considerations, a preference for clean label and natural ingredients, and continuous product innovations.

The escalating demand for acidity regulators within the food and beverage sector is anticipated to propel the expansion of the acidity regulators market in the foreseeable future. The food and beverage industry encompasses all enterprises involved in the handling, processing, packaging, and distribution of raw food. Acidity regulators play a pivotal role in modifying and controlling precise pH levels or alkalinity in food, crucial for processing, flavor enhancement, and ensuring food safety. As evidenced in 2021 by the Food & Drink Federation, representing and advising UK food and drink manufacturers, Scotland saw 1,185 registered companies engaged in food and beverage manufacturing. This period also witnessed a noteworthy surge in food and beverage exports, escalating by 12% to $7.9 billion (£5.9 billion). Moreover, food and beverage turnover accounted for $12.5 billion (£10.4 billion), contributing 30% to the total Scottish manufacturing sector. Hence, the surging demand for acidity regulators within the food and beverage industry is a key driver propelling the acidity regulators market.

The growth trajectory of the acidity regulators market was significantly supported by the burgeoning demand for processed foods during the historical period. Processed food denotes items that undergo a series of mechanical or chemical processes to modify or preserve them. The incorporation of preservatives in processed foods plays a vital role in sustaining food quality and mitigating spoilage caused by microorganisms while also altering their inherent taste profiles. For instance, a database compiled by researchers from Northeastern University's Network Science Institute, encompassing over 50,000 food items across prominent retailers such as Walmart, Target, and Whole Foods Market, indicated that 73% of the US food supply constitutes ultra-processed foods. It was further highlighted that such foods are 52% more cost-effective than their less processed alternatives. Moreover, statistics from Bizom data, an India-based retail intelligence platform, showcased a substantial 95% year-on-year upsurge in sales of packaged foods in 2021, primarily driven by ready-to-eat products and the burgeoning out-of-home consumption trend. Hence, the escalating demand for processed foods emerged as a significant catalyst propelling the growth of the acidity regulators market.

The prevailing trend dominating the acidity regulator market revolves around product innovation, attracting substantial attention. Major players in this sector are channeling their efforts towards the development of novel products. A prime example of this occurred in March 2021 when Evonik, a specialized chemical firm based in Germany, introduced a distinctive 50% food-grade Potassium Hydroxide Solution designed as an acidity regulator. This particular product stands out due to its remarkably low chlorate level, measuring less than 5 mg/kg. Beyond its acidity regulation function, this solution aligns with Evonik's stringent standards for maintaining hygiene and ensuring consistent quality, pivotal aspects within the realm of food production.

Key industry players in the acidity regulator market are strategically investing in infrastructural expansions, notably in the establishment of facilities dedicated to malic and food-grade fumaric acid production. These production factories are specialized chemical facilities engineered to synthesize and process organic acids conforming to stringent food-grade standards, encompassing reactors, separation units, quality control laboratories, and packaging setups. Illustratively, in April 2022, Bartek Ingredients, a Canadian entity known for producing malic acid and food-grade fumaric acid, unveiled plans for constructing the world's largest production facility for these acids, presently in the developmental phase. Anticipated for completion in Q4 2023, this $160 million project aims to double Bartek's existing capacity, establishing an avant-garde, vertically integrated facility. This initiative not only solidifies Bartek's position as a global leader in malic and fumaric acid production but also facilitates enhanced customer service capabilities. The facility's design, led by WSP Global, a distinguished engineering consulting firm, enables scalability for producing additional products such as buffers and fortifications. Bartek Ingredients, renowned for its distribution to over 40 countries, specializes in malic acid, fumaric acid, and maleic anhydride production, maintaining a prominent stature in the global market.

In April 2022, KPS Capital Partners LP, a U.S.-based private equity firm, successfully acquired the primary products business of Tate & Lyle PLC for an undisclosed amount. Through this acquisition, KPS broadens its portfolio by incorporating the primary products business and expresses a commitment to advancing its food and beverage solutions segment. Tate & Lyle PLC, headquartered in the UK, is known for its development of various ingredients and solutions, including acidity regulators, and this strategic move aligns with KPS's efforts to enhance its presence in the food and beverage industry.

Major companies operating in the acidity regulators market report are Cargill Incorporated, The Archer-Daniels-Midland Company, BASF SE., Merck KGaA, Yara International ASA., Brenntag AG, Univar Solutions Inc., Eastman Chemical Company, Kerry Group Plc., Koninklijke DSM N.V., Sigma-Aldrich Corporation, Tate & Lyle PLC, Corbion N.V., Innophos Inc., Jungbunzlauer Suisse AG, Naturex SA, Bartek Ingredients Inc., Fuerst Day Lawson Pvt. Ltd, Polynt Group, Gadot Biochemical Industries Ltd., Parchem Fine & Specialty Chemicals Inc., FBC Industries Inc., Finar Limited, Chemelco International B.V., Foodchem International Corporation, Bart Ingredients Co. Ltd, Hawkins Watts Limited, Arshine Pharmaceutical Co. Ltd., Celrich Products Pvt. Ltd., Jeecon Foods Pvt Ltd.

North America was the largest region in the acidity regulators market in 2023. The regions covered in the acidity regulators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the acidity regulators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The acidity regulator market consists of sales of sodium citrate, calcium acetate, and tartaric acid. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Acidity Regulators Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on acidity regulators market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for acidity regulators ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The acidity regulators market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product: Citric Acid; Phosphoric Acid; Acetic Acid; Maleic Acid; Lactic Acid; Other Products
• 2) By Source: Natural; Synthetic
• 3) By Application: Beverages; Bakery Products; Confectionery; Processed Food; Dairy Products; Dressings And Condiments; Other Applications
• Companies Mentioned: Cargill Incorporated; The Archer-Daniels-Midland Company; BASF SE.; Merck KGaA; Yara International ASA.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.