Food Acidulants Market projected to be valued at USD 7570.0 million by the end of 2030

Future Market Insights, in its recently published study, projects the global food acidulants market to register positive growth during the 2020-2030 forecast period. Growing consumption of instant foods and beverages is likely to sustain this growth, despite the slowdowns experienced due to COVID-19.

The food acidulants market is expected to rise at a healthy CAGR rate of 6.9% between the forecast years 2020 to 2030. The coronavirus outbreak is expected to have a moderate impact on the industry, largely owing to shortage of labor in production and operations during the crisis period. On the other hand, enhanced functional characteristics like acidity level regulations and preservation, generates short term opportunities.

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According to Future Market Insights, amid the COVID-19 pandemic, the global food acidulants market is poised to grow steadily, as demand for instant foods has witnessed a spike.

"Presence of regional players and frequent innovations in the food and beverage industry to retain flavor are key drivers which will fuel growth of the global food acidulants market during the assessment period," says the FMI study.

Food Acidulants Market - Leading Takeaways

• Citric acid will emerge as the most widely used food acidulants, owing to its flavor enhancing properties.

• Owing to high beverage consumption, liquid food acidulants will find growing adoption in the near future.

• Asia-Pacific will be the fastest-growing region while North America is likely to retain supremacy.

• Usage of food acidulants as preservatives is anticipated to find extensive application across ready-to-eat food products.

Food Acidulants Market - Growth Factors

• Regulatory approval for the use of food acidulants is a major factor contributing to market growth.

• Increasing instant beverage consumption has surged lately because using food acidulants helps on retaining flavor and taste of the drink.

• Rapid urbanization and adoption of hectic lifestyles is stabilizing demand for convenient food and beverage products

• Innumerous opportunities and presence of international and key players in emerging economies, propels market growth.

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Food Acidulants Market - Constraints

• Poor acidity regulations can give a sour taste. Many food & beverage companies are wary of using acidulants

• Side effects intestine irritation or internal bleeding continue to be a cause of concern.

Expected Impact on Market by Coronavirus Outbreak

The food acidulants industry is expected to be moderately impacted by the ongoing coronavirus pandemic. Shortage of workforce in operations are hurting yields and logistics. However, interest in the factors as an immunity booster and acid regulator has increased opportunities for incorporation of food acidulants.

Due to rising number of health-conscious population, dietary food acidulants will gain maximum traction in Europe with a value of USD 2 billion by 2025, owing to increased production of jams, sauces and CSD while USA will reach a value of 600 million by 2025 marking a major decline as compared to the past.

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Competition Landscape

Some of the key players participating in the market are Tate & Lyle plc, Archer Daniels Midland Company, Brenntag AG, Cargill Inc., FBC Industries Inc., Hawkins Watts Ltd. and Isegan South Africa (Pty) Ltd.

Leading players in the market have been pushing for innovative applications and production expansion strategies to keep up with strong demand in food processing sector.

For instance, Cargill had long been a supplier of ingredients to General Mills portfolio and raised prosperity for small-scale farmers. Cargill Inc. also supported World Food Programme Innovation Accelerator in Germany.

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About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

This release was published on openPR.