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LAMEA Food Acidulants Market Size, Share & Trends Analysis Report By Application, By Type (Citric Acid, Acetic Acid, Lactic Acid, Phosphoric Acid, Malic Acid and Others), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 121 Pages
  • June 2024
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5988685
The Latin America, Middle East and Africa Food Acidulants Market is projected to witness market growth of 7.4% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 778.0 tonnes, showcasing a growth of 8.6% (2024-2031).

Phosphoric acid, a vital component in the food acidulants market, finds widespread use across various food and beverage applications. Primarily known for its ability to enhance flavor profiles, it adds acidity and tartness to products while balancing sweetness. Commonly employed in carbonated beverages like colas, phosphoric acid not only imparts a distinct tangy taste but also acts as a pH stabilizer. Its versatility extends to processed foods, jams, jellies, and snacks, where it serves as a flavoring agent. Therefore, the Brazil market consumed 18.00 tonnes of phosphoric acid in 2023.



The Brazil market dominated the LAMEA Food Acidulants Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $198.1 Million by 2031. The Argentina market is showcasing a CAGR of 8.2% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7% during (2024 - 2031).

The growing popularity of plant-based and vegan diets has led to a surge in demand for food products free from animal-derived ingredients. Acidulants derived from plant sources are gaining traction as suitable alternatives to synthetic additives, offering vegan-friendly and cruelty-free options for food manufacturers.

Likewise, acidulants are increasingly being recognized for their functional properties beyond flavor enhancement. For example, some acidulants exhibit antioxidant properties that contribute to the shelf life and stability of food products. There is growing interest in exploring the functional benefits of acidulants and incorporating them into formulations targeting specific health benefits, such as digestive health or immune support.

Saudi Arabia is swiftly working to diversify its economy under its Vision 2030 strategy, which intends to reduce its reliance on oil and foster the growth of other industries, such as food processing. This initiative drives investment in food processing infrastructure, leading to increased demand for food acidulants essential for product quality, preservation, and flavor enhancement. The rapid urbanization in Saudi Arabia is leading to significant changes in dietary habits, with a higher consumption of processed and convenience foods. Food acidulants are crucial in these products for maintaining freshness, flavor, and stability, driving their demand as the processed food sector expands. Therefore, the expansion of the region's food processing industry is 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
By Type (Volume, Tonnes, USD Billion, 2020-2031)
  • Citric Acid
  • Acetic Acid
  • Lactic Acid
  • Phosphoric Acid
  • Malic Acid
  • Others
By Country (Volume, Tonnes, USD Billion, 2020-2031)
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Food Acidulants Market, by Application
1.4.2 LAMEA Food Acidulants Market, by Type
1.4.3 LAMEA Food Acidulants Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. LAMEA Food Acidulants Market by Application
4.1 LAMEA Beverages Market by Country
4.2 LAMEA Bakery & Confectionery Market by Country
4.3 LAMEA Dairy & Frozen Desserts Market by Country
4.4 LAMEA Meat Industry Market by Country
4.5 LAMEA Others Market by Country
Chapter 5. LAMEA Food Acidulants Market by Type
5.1 LAMEA Citric Acid Market by Country
5.2 LAMEA Acetic Acid Market by Country
5.3 LAMEA Lactic Acid Market by Country
5.4 LAMEA Phosphoric Acid Market by Country
5.5 LAMEA Malic Acid Market by Country
5.6 LAMEA Others Market by Country
Chapter 6. LAMEA Food Acidulants Market by Country
6.1 Brazil Food Acidulants Market
6.1.1 Brazil Food Acidulants Market by Application
6.1.2 Brazil Food Acidulants Market by Type
6.2 Argentina Food Acidulants Market
6.2.1 Argentina Food Acidulants Market by Application
6.2.2 Argentina Food Acidulants Market by Type
6.3 UAE Food Acidulants Market
6.3.1 UAE Food Acidulants Market by Application
6.3.2 UAE Food Acidulants Market by Type
6.4 Saudi Arabia Food Acidulants Market
6.4.1 Saudi Arabia Food Acidulants Market by Application
6.4.2 Saudi Arabia Food Acidulants Market by Type
6.5 South Africa Food Acidulants Market
6.5.1 South Africa Food Acidulants Market by Application
6.5.2 South Africa Food Acidulants Market by Type
6.6 Nigeria Food Acidulants Market
6.6.1 Nigeria Food Acidulants Market by Application
6.6.2 Nigeria Food Acidulants Market by Type
6.7 Rest of LAMEA Food Acidulants Market
6.7.1 Rest of LAMEA Food Acidulants Market by Application
6.7.2 Rest of LAMEA Food Acidulants Market by Type
Chapter 7. Company Profiles
7.1 Tate & Lyle PLC
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental & Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Brenntag SE
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 SWOT Analysis
7.3 Univar Solutions, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental Analysis
7.3.4 SWOT Analysis
7.4 Archer Daniels Midland Company
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Acquisition and Mergers:
7.4.6 SWOT Analysis
7.5 Jungbunzlauer Suisse AG
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Acquisition and Mergers:
7.5.3 SWOT Analysis
7.6 Cargill, Incorporated
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 Corbion N.V.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 SWOT Analysis
7.8 Bartek Ingredients Inc. (TorQuest Partners)
7.8.1 Company Overview
7.9 FBC Industries Inc.
7.9.1 Company Overview
7.10. Hawkins Watts New Zealand
7.10.1 Company Overview

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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