Global Acidulants Market Overview
Acidulants are chemical compounds that have several applications, such as additives to enhance the quality or taste of certain foods and beverages. Acidulants are of various types, namely, acetic acid, fumaric acid, tartaric acid, etc., each having their own respective applications. The global acidulants market is expected to foray ahead at a healthy CAGR of nearly 5% over the forecast period of 2020-2030. Analyzing through the market lens, it is expected to climb up in terms of revenue to US$ 3.5 billion by the end of FY 2030.
The COVID-19 pandemic has affected the acidulants market in an important way. This is one of the markets that has seen a downfall due to the pandemic. It has extensively decreased production of almost all types of acidulants, especially feed acidulants.
Acidulants Market Insights by Product Type
Acidulants can be segregated into a number of types, of which, the prominent ones are acetic acid, fumaric acid, citric acid, phosphoric acid, lactic acid, malic acid, and tartaric acid. Some acidulants are naturally obtained while others are chemically produced. The acetic acid segment is the leading product type occupying over 20% of the acidulants market share. With increasing demand and easy availability of acetic acid, it has become a prominent acidulant in the global acidulants market space.
Other types such as citric acid also occupy a significant position in the acidulants market, mainly due to rise in awareness of organic compounds and potentially higher demand for naturally-occurring additives as a health precaution.
Acidulants Market Insights by Function
Acidulants can be used in a variety of different functions, some of which are as a flavor enhancers, in pH control, in microbial control, as a preservative, etc. Out of these, the flavor enhancer function is the leading segment accumulating over 30% of market share. The key factor assisting this segment is exponential increase in the food and beverages industry pertaining to demand for high quality and tastier products across the globe.
The preservative segment in the acidulants market also holds a consistent share, owing to rising need for food & beverage products with higher shelf life across many key regions in the world.
Regional Outlook of Acidulants Market
The global acidulants market is very diverse, expanding to all regions such as North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. However, due to immense rise in population and crucial demand for higher shelf life products, Asia Pacific has a dominant acidulants market share, accounting for over 40% based on revenue. On the other hand, North American will see intense growth in the market over the coming years. Europe holds a steady and considerable position in the global acidulants market.
Acidulants Market: Key Players
The acidulants market is fragmented in nature, where, top players account for over half of the market share. Products are sold by a number of multinational and regional companies, out of which, major players are BRENNTAG, ADDCON Group GmbH, Yara International ASA, Anpario PLC, BASF SE, Perstorp Holding AB, Biomin Holding GmbH, Archer Daniels Midland Company, Nutrex NV, Novus International, Inc., Tate & Lyle PLC., Batory Foods Inc., Foodchem Co. Ltd., ITPSA, Cargill Inc., Hawkins Watts Limited, and Univar Inc.
The Analyst’s Viewpoint
“Expansion of product portfolio and acquisition of smaller players across various regions are key to healthy growth of key players in the acidulants market.”
COVID-19 Impact on Acidulants Market
The COVID-19 disease caused by coronavirus has had a significant negative impact, globally, from a business standpoint. The global acidulants market has also witnessed negative consequences due to the pandemic. Moreover, feed acidulants pertaining to animal nutrition have seen extensive adverse effects as a result of the outbreak. This is mainly because of a downfall in demand and restrictions laid out by several governments regarding the supply chain in the global acidulants market.
Acidulants Market: About the Report
Fact.MR published an exclusive forecast report on the acidulants market for 2020 and 2030. The foremost objective of this report on the acidulants market is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the acidulants market. Also, the study on the acidulants market addresses key dynamics that are expected to diversify the sales and future prominence of the acidulants market.
The report on the acidulants market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the acidulants market, elaborating on key segments. Also, the report outlines visionary insights on the dynamics of the acidulants market, including drivers, restraints, opportunities, trends, and pricing analysis, along with key buying factors for acidulants. Supply chain analysis and pricing analysis of the acidulants market along with the difference between acidulants used as per application have also been included in the report, to help readers clearly understand the product framework map in the acidulants market.
Acidulants Market - Scope of the Report
A recent study by Fact.MR on the acidulants market offers a 10-year forecast for 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of acidulants market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of acidulants. The study also provides the dynamics that are responsible for influencing the future status of the acidulants market over the forecast period.
A detailed assessment of acidulants value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the acidulants market along with their product portfolios enhances the reliability of this comprehensive research study.
Acidulants Market: Report Summary
The study offers comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the acidulants market across the globe. A comprehensive estimate on the acidulants market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of acidulants during the forecast period. Price point comparison by region with global average price is also considered in the study.
Acidulants Market: Segmentation
Fact.MR has studied the acidulants market with detailed segmentation on the basis of type, function, grade, application, and key regions.
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Acidulants Market: Analysis on Market Size Evaluation
The acidulants market has been analyzed for each market segment, in terms of volume (Tons) and value (US$ Mn).
Market estimates at global and regional levels for acidulants are available in terms of “US$ Mn” for value and in “tons” for volume. A Y-o-Y growth contrast on prominent acidulants market segments, along with market attractiveness evaluation has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering the sales and distribution perspective in the global acidulants market.
Acidulants Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the acidulants report, which have helped deliver projections on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the acidulants market during the forecast period.
Country-specific valuation on demand for acidulants has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Acidulants Market: In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of acidulants along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of acidulants has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolio and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in the acidulants market. Prominent companies operating in the global acidulants market include BRENNTAG, ADDCON Group GmbH, Yara International ASA, Anpario PLC, BASF SE, Perstorp Holding AB, Biomin Holding GmbH, Archer Daniels Midland Company, Nutrex NV, Novus International, Inc., Tate & Lyle PLC., Batory Foods Inc., Foodchem Co. Ltd., ITPSA, Cargill Inc., Hawkins Watts Limited, and Univar Inc.
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