The Asia Pacific Food Acidulants Market is projected to witness market growth of 5.5% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 2,684.1 tonnes, showcasing a growth of 16.3% (2020-2023).
Lactic acid, a prominent food acidulant, holds a crucial position in various industries owing to its diverse applications, inherent advantages, and evolving market trends. Primarily recognized for its role as a flavor enhancer, preservative, and pH regulator, lactic acid is extensively used in the food and beverage industry. It is commonly employed in dairy products such as yogurt, cheese, and sour cream, where it contributes to flavor development, texture improvement, and shelf-life extension. Therefore, the China market consumed 87.98 tonnes of lactic acid in 2023.
The China market dominated the Asia Pacific Food Acidulants Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $850.3 Million by 2031. The Japan market is registering a CAGR of 4.9% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 6.2% during (2024 - 2031).
In bakery applications, acidulants condition dough, improving its texture, elasticity, and rise. This results in baked goods with desirable characteristics such as softness, chewiness, and volume. Acidulants possess functional properties that are valuable in food processing. For example, they can act as chelating agents, binding with metal ions to prevent oxidation and discoloration in fruits and vegetables.
Several trends are reshaping the landscape of the food acidulants market, reflecting evolving consumer preferences, regulatory dynamics, and technological advancements. Decreasing the amount of sugar in food and beverage goods is popular as people become more conscious of the health dangers of excessive sugar consumption. Acidulants are vital to sugar reduction procedures because they provide tartness and acidity without adding sugar. This trend is consistent with consumers' growing preference for healthier dining options.
As the meat industry in India expands, there is a growing demand for meat processing facilities to meet consumer needs for processed and packaged meat products. According to the National Investment Promotion and Facilitation Agency, India is the eighth-largest meat producer globally. In the fiscal year 2022-2023, the country produced 9.77 million tons of meat. This marks a 5.62% increase in production compared to the 2020-2021. Additionally, the per capita availability of meat rose from 6.52 kg per year in 2020-2021 to 6.82 kg per year in 2021-2022. Likewise, as the dairy industry in China grows, there is a greater demand for dairy processing facilities to handle the production of various dairy products such as milk, yogurt, cheese, and ice cream.
According to the State Council of the People's Republic of China, the largest dairy enterprises in China had a 2.9 percent year-on-year increase in their output in May 2022. These businesses create at least 20 million yuan ($2.99 million) in operating revenue annually, and last month, they produced over 2.76 million metric tons of dairy products. Thus, the growing dairy industry and growing meat castor in the region are driving the market's growth.
Lactic acid, a prominent food acidulant, holds a crucial position in various industries owing to its diverse applications, inherent advantages, and evolving market trends. Primarily recognized for its role as a flavor enhancer, preservative, and pH regulator, lactic acid is extensively used in the food and beverage industry. It is commonly employed in dairy products such as yogurt, cheese, and sour cream, where it contributes to flavor development, texture improvement, and shelf-life extension. Therefore, the China market consumed 87.98 tonnes of lactic acid in 2023.
The China market dominated the Asia Pacific Food Acidulants Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $850.3 Million by 2031. The Japan market is registering a CAGR of 4.9% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 6.2% during (2024 - 2031).
In bakery applications, acidulants condition dough, improving its texture, elasticity, and rise. This results in baked goods with desirable characteristics such as softness, chewiness, and volume. Acidulants possess functional properties that are valuable in food processing. For example, they can act as chelating agents, binding with metal ions to prevent oxidation and discoloration in fruits and vegetables.
Several trends are reshaping the landscape of the food acidulants market, reflecting evolving consumer preferences, regulatory dynamics, and technological advancements. Decreasing the amount of sugar in food and beverage goods is popular as people become more conscious of the health dangers of excessive sugar consumption. Acidulants are vital to sugar reduction procedures because they provide tartness and acidity without adding sugar. This trend is consistent with consumers' growing preference for healthier dining options.
As the meat industry in India expands, there is a growing demand for meat processing facilities to meet consumer needs for processed and packaged meat products. According to the National Investment Promotion and Facilitation Agency, India is the eighth-largest meat producer globally. In the fiscal year 2022-2023, the country produced 9.77 million tons of meat. This marks a 5.62% increase in production compared to the 2020-2021. Additionally, the per capita availability of meat rose from 6.52 kg per year in 2020-2021 to 6.82 kg per year in 2021-2022. Likewise, as the dairy industry in China grows, there is a greater demand for dairy processing facilities to handle the production of various dairy products such as milk, yogurt, cheese, and ice cream.
According to the State Council of the People's Republic of China, the largest dairy enterprises in China had a 2.9 percent year-on-year increase in their output in May 2022. These businesses create at least 20 million yuan ($2.99 million) in operating revenue annually, and last month, they produced over 2.76 million metric tons of dairy products. Thus, the growing dairy industry and growing meat castor in the region are driving the market's growth.
List of Key Companies Profiled
- Tate & Lyle Plc
- Brenntag SE
- Univar Solutions, Inc.
- Archer Daniels Midland Company
- Jungbunzlauer Suisse AG
- Cargill, Incorporated
- Corbion N.V.
- Bartek Ingredients Inc. (TorQuest Partners)
- FBC Industries Inc.
- Hawkins Watts Limited
Market Report Segmentation
By Application< (Volume, Tonnes, USD Billion, 2020-2031)- Beverages
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Meat Industry
- Others
- Citric Acid
- Acetic Acid
- Lactic Acid
- Phosphoric Acid
- Malic Acid
- Others
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Food Acidulants Market by Application
Chapter 5. Asia Pacific Food Acidulants Market by Type
Chapter 6. Asia Pacific Food Acidulants Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Tate & Lyle Plc
- Brenntag SE
- Univar Solutions, Inc.
- Archer Daniels Midland Company
- Jungbunzlauer Suisse AG
- Cargill, Incorporated
- Corbion N.V.
- Bartek Ingredients Inc. (TorQuest Partners)
- FBC Industries Inc.
- Hawkins Watts Limited
Methodology
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