The acidity regulators market accounted for approximately US$ 7 Bn in 2021 and is projected to exceed US$ 12 Bn by 2028 at a CAGR of 7.2% between 2022 and 2028.
Of late, the acidity regulators market has witnessed significant flourishment in its valuation. The demand for acidity regulators has been on a surge due to growing concerns about increasing the shelf life of food and beverage products and microbial actions impacting their quality. Increased consumer focus on health., nutrition, and food safety is further contributing to the growth of the market.
In addition, acidity regulators are largely used for making fruit and vegetable pulp products as they help increase gel consistency in confectioneries and reduce enzyme activities. In developed countries, the growth of the acidity regulators market is attributed to a significant rise in consumer demand for sauces and condiments.
MARKET DYNAMICS
Acidity regulators are widely used as flavoring agents, gelling agents, and taste modifiers in the food and beverage industry. These are food additives, used to control or even alter the alkalinity or acidity at a specific level, which is important for processing food safety and the taste of products. The expansion in the food and beverages industry and increased expenditure on technological advancements in developing economies are expected to fuel the demand for acidity regulators during the forecast period.
Strategic Insights
MARKET SCOPE
The "Global Acidity Regulators Market Analysis to 2028" is a specialized and in-depth study of the acidity regulators market with a special focus on the global market trend analysis. The report aims to provide an overview of the acidity regulators market with detailed market segmentation. The global market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of leading market players and offers key trends and opportunities in the acidity regulators market.
MARKET SEGMENTATION
The global acidity regulators market is segmented on the basis of type and application. Based on type, the market is segmented into acetic acid, citric acid, lactic acid, malic acid, and others. Further, based on application, the market is segmented into beverages, bakery products, confectionery, processed food, dairy products, and others.
REGIONAL FRAMEWORK
The report provides a detailed industry overview, including qualitative and quantitative information. It provides an overview and forecast of the global acidity regulators market based on various segments. It also provides market size and forecast estimates from 2020 to 2028 with respect to 5 major regions: North America, Europe, Asia (APAC), the Middle East and Africa (MEA), and South America. The acidity regulators market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.
From the regional perspective, APAC dominated the acidity regulators market. The dominance of this regional market is mainly driven by the growing food and beverages industry in Asian economies, such as China, and India. The governments of these economies have framed FDI policies to promote industrial development in the food and beverage sector. Favorable government initiatives are boosting the processed food and beverages sector, further aiding the acidity regulators market.
The below figure showcases the revenue growth trend in the Asia Pacific acidity regulators market:
Source: The Insight Partners Analysis
The report analyzes factors affecting the acidity regulators market from both the demand and supply side. Further, it evaluates market dynamics influencing the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive Porter's five forces analysis highlighting the factors affecting the acidity regulators market in these regions.
IMPACT OF COVID-19 PANDEMIC
The COVID-19 outbreak positively impacted the demand for acidity regulators globally, owing to its higher demand from food and beverages industry. However, these acidity regulator manufacturers faced significant challenges due to supply chain constraints caused by nationwide lockdowns, trade bans, and travel restrictions. Supply chain disruptions created a shortage of raw materials, which affected the production and distribution of various products, leading to increased prices. These factors hampered the profitability of various small-scale and large-scale producers.
The demand for processed food and convenience food increased drastically during the initial month of the COVID-19 pandemic. However, since 2021, the processed food and beverages sector has been strongly growing, and the growth trend is foreseen to continue, thereby bolstering the market during the forecast period.
MARKET PLAYERS
The reports cover key developments in organic and inorganic growth strategies in the acidity regulators market. Various companies are focusing on organic growth strategies, such as product launches, product approvals, and others, including patents and events. Inorganic growth strategies witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for expanding market players' business and customer base. With the rising demand for acidity regulators, market players are anticipated to have lucrative growth opportunities in the near future.
Below mentioned is the list of a few companies engaged in the acidity regulators market:
The report also includes the profiles of key companies in this market, their SWOT analysis, and market strategies. In addition, the report focuses on leading industry players with information, such as company profiles, components, and services offered, financial information of the last 3 years, and key development in the past 5 years.
- ?Cargill Incorporated?Corbion?ATPGroup?ADM?Tate & Lyle?Bartek Ingredients Inc?FBC Industries?Hawkins Watts Limited?CZARNIKOW?Chemelco
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.