Acidity Regulators Market Research, 2031
The global acidity regulators market size was valued at $5,871.3 million in 2020, and is projected to reach $10,899.6 million by 2031, growing at a CAGR of 5.5% from 2022 to 2031.
Acidity regulator is a vital ingredient used in various food & beverages as food additive to maintain acidity or alkalinity of the food. Acidity regulators are organic acids or mineral acids, bases, neutralizing agents, and buffering agents. Various acidity regulators are available in the market such as citric acid, phosphoric acid, acetic acid, maleic acid, and lactic acid with each ingredient having distinct properties and application. Moreover, acidity regulators are used as food preservative ingredients, which prevent food from microbial growth and hence increase the shelf life of various packaged food products such as cheese and meat. For instance, citric acid is used in various types of food products such as soft drinks, which break the cell membrane and break down the DNA protein, thus resisting the reproduction of microorganisms.
The demand for acidity regulators increases due to rise in consumption of fast food & beverages. Acidity regulators regulate the bitterness or taste further regulates the acidity and basicity of the food & beverages products such as soft drinks, juices, pickles jams, and jellies. In addition, acidity regulators provide a distinct flavor to the food products. Increase in demand for acidity regulators in the food & beverage industry is the key factor that boosts the growth of the global acidity regulators market demand. Moreover, teenagers and adults are the major consumers of fast food & beverages, due to changes in lifestyle, increase in acceptance of packed food, and increment in disposable income.
The global acidity regulators market is segmented into product type, application, and region. Depending on product type, the market is classified into citric acid, phosphoric acid, acetic acid, maleic acid, and lactic acid. On the basis of application, it is segregated into beverages; sauces, condiments, and dressings; processed food; bakery; and confectionery. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
By product type, the citric acid segment dominated the global acidity regulators market size in 2020, and is expected to retain its dominance throughout the acidity regulators market forecast period.
On the basis of application, the beverages segment held the dominant share in 2020, and is expected to register the highest CAGR. This is attributed to the fact that acidity regulators are used on a large scale in beverages to increase the shelf life and to protect from microbial contamination. In addition, acidity regulators are used to enhance or modify the taste of beverages.
Region wise, Asia-Pacific accounted for highest acidity regulators market share in 2020, and is expected to grow at a significant CAGR during the forecast period, owing to increase in demand for such products in Japan, China, and India.
Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. The key players profiled in the acidity regulators industry are Archer Daniels Midland Company, Jungbunzlauer India Pvt. Ltd., Bertek Ingredient Incorporation, ATP group, Celrich Products Pvt. Ltd., Chemelco International B.V., F.B.C Industries Inc., and Fuerst Day Lawson Ltd.
Other players in the value chain include Cargill Incorporated, Kerry Group, Tate and Lyle Plc., Corbion N.V., Univar, Brenntag A.G., and Innophos Holding Inc.
Covid-19 Impact Analysis
COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December 2020.
The global coronavirus pandemic has created a number of challenges for exporters in the developing and developed countries. The challenges witnessed by the exporters of acidity regulators products are likely to remain for the foreseeable future, as different states and governments around the world attempt to tackle COVID-19 with various measures.
Implementation of curfew and the practice of maintaining social distancing globally affect the domestic as well as international production, which, in turn, hampers the growth of the overall market.
Import and export restrictions on goods and quarantine & lockdown measures imposed by governments are key challenges exporters are facing during this pandemic.
Delays and disruptions at country borders have impacted the transportation and delivery of acidity regulators.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the acidity regulators market analysis from 2020 to 2031 to identify the prevailing acidity regulators market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the acidity regulators market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global acidity regulators market trends, key players, market segments, application areas, and acidity regulators market growth strategies.
Acidity Regulators Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Application |
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 By Region |
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 Key Market Players | Kerry Group, F.B.C Industries Inc., ATP group, Cargill Incorporated, Celrich Products Pvt. Ltd., Bertek Ingredient Incorporation, Jungbunzlauer India Pvt. Ltd., Fuerst Day Lawson Ltd, Chemelco International B.V., Archer Daniels Midland Company |
Analyst Review
Acidity regulators are vital ingredients used in beverages and food products. They are expected to witness notable growth in future owing to their wide application as a preservative, flavoring agent, taste enhancer, or taste modifier in bakery, confectionery, sauces, condiments, and dressings. Moreover, growth in demand for fast food, cold drink, and other food & beverages supplements the market growth. The impact of these drivers is expected to increase significantly due to rise in awareness about the benefits of acidity regulators. However, overconsumption of these regulators leads to health issues such as diarrhea, nausea, and vomiting, thus hindering market growth. With the advancement in technology, cost of acidity regulators is expected to reduce in the near future.
Citric acid was the highest revenue generator. Depending on application type, the market is segregated into beverages; sauces, condiments, and dressings; processed food; bakery; and confectionery. Beverages and processed food are anticipated to grow at higher growth rates.
Asia-Pacific was the highest revenue generator, and is expected to maintain its dominant position over the forecast period. North America and Europe are the second and third leading regions for acidity regulators market, respectively.
The global acidity regulators market was valued at $5,871.3 million in 2020, and is projected to reach $10,899.6 million by 2031, registering a CAGR of 5.5% from 2022 to 2031.
The CAGR of Acidity Regulators Market is 5.5% from 2022 to 2031.
2020 is the base year calculated in the Acidity Regulators Market report.
The top companies in the Acidity Regulators Market are Archer Daniels Midland Company, Jungbunzlauer India Pvt. Ltd., Bertek Ingredient Incorporation, ATP group, Celrich Products Pvt. Ltd., Chemelco International B.V., F.B.C Industries Inc., and Fuerst Day Lawson Ltd
Citric Acid the most influencing segment growing in the Acidity Regulators Market report.
Beverages holds the maximum market share of the Acidity Regulators Market.
The company profile has been selected on the basis of prominent players in the market.
The market value of the Acidity Regulators Market in 2020 is $5,871.3 million.
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