Categories: Market Research

Global Acidity Regulators Market Size and Forecast 2024-2033|Cargill Incorporated, The Archer-Daniels-Midland Company, BASF SE., Merck KGaA, Yara International ASA

The Acidity Regulators Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Acidity Regulators Global Market Report 2024, 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 in the historic period can be attributed to food and beverage industry growth, increased processed food consumption, changing consumer preferences, global population growth, health and safety regulations.

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 growth in the forecast period can be attributed to rising health consciousness, demand for natural and organic ingredients, government regulations and standards, rise in convenience food consumption, international trade and globalization. Major trends in the forecast period include innovation in functional beverages, technological advancements in production, health and wellness considerations, clean label and natural ingredients, product innovations.

The increase in demand for acidity regulators in the food and beverage industry is expected to boost the growth of the acidity regulators market going forward. The food and beverage industry refer to all businesses that handle the processing, packaging, and distribution of uncooked food. Acidity regulators are used to altering and regulate the pH or alkalinity at a precise level in the food that is crucial for processing, flavour, and food safety. For instance, in 2021, according to the Food & Drink Federation, a UK-based organization that represents and advises UK food and drink manufacturers, Scotland registered 1,185 companies that manufacture food and beverages. Further, exports of food and beverages rose by 12% in 2021 to $7.9 billion (£5.9 billion). Additionally, in the same year, food and beverages turnover accounts for $12.5 billion (£10.4 billion), which is 30% of total Scottish manufacturing. Therefore, the increase in demand for acidity regulators in the food and beverage industry is driving the growth of the acidity regulators market.

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The acidity regulators market covered in this report is segmented –

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

Product innovation is the key trend gaining popularity in the acidity regulator market. Major companies operating in the acidity regulator market are focusing on developing new products. For instance, in March 2021, Evonik, a Germany-based specialty chemical company, launched a new Potassium Hydroxide Solution of 50% food grade, which is used as an acidity regulator. This product is unique due to its low chlorate level of less than 5 mg/kg. The solution is also meant to support Evonik’s high standards for hygiene and consistency in quality, both of which are critical in food manufacturing.

The acidity regulators market report table of contents includes:

1. Executive Summary

2. Acidity Regulators Market Characteristics

3. Acidity Regulators Market Trends And Strategies

4. Acidity Regulators Market – Macro Economic Scenario

5. Global Acidity Regulators Market Size and Growth

26. South America Acidity Regulators Market

27. Brazil Acidity Regulators Market

28. Middle East Acidity Regulators Market

29. Africa Acidity Regulators Market

30. Acidity Regulators Market Competitive Landscape And Company Profiles

Top Major Players: