Beverage Acidulants Industry Prospective:
The global beverage acidulants market size was evaluated at $2.75 billion in 2022 and is slated to hit $5.75 billion by the end of 2030 with a CAGR of nearly 5% between 2023 and 2030.
Beverage Acidulants Market: Overview
Beverage acidulants refer to additives that are added to beverages to impart a sour or tangy flavor to the beverages. Furthermore, acidulants are organic acids that help in reducing the pH of the beverages and make the latter more acidic. Additionally, these acidulants are utilized in a slew of beverages including sports drinks, soft drinks, energy drinks, and fruit juices. Reportedly, the most common kinds of acidulants finding applications in the beverage sector include phosphoric acid, tartaric acid, citric acid, and malic acid. These acids are typically added to the beverage in a dry or liquid form and may also be combined with other ingredients to create a unique flavor profile. For the record, these products have played a pivotal role in the production of beverages by enhancing the flavor, maintaining stability, and increasing the beverage shelf life.
- As per the analysis shared by our research analyst, the global beverage acidulants market is projected to expand annually at the annual growth rate of around 5% over the forecast timespan (2023–2030)
- In terms of revenue, the global beverage acidulants market size was evaluated at nearly $2.75 billion in 2022 and is expected to reach $5.75 billion by 2030.
- The global beverage acidulants market is anticipated to grow rapidly over the forecast timeline owing to the escalating use of the product in the food & beverages sector owing to its beneficial features such as imparting unique flavor to beverages.
- In terms of product type, the citric acid segment is slated to register the highest CAGR over the analysis period.
- Based on form, the liquid segment is slated to register rapid growth in the upcoming years.
- Based on application, the fruit juices & concentrates segment is projected to record a massive surge in the coming years.
- Region-wise, the Asia-Pacific beverage acidulants industry is expected to register the fastest CAGR during the assessment timeline.
Beverage Acidulants Market: Growth Factors
A rise in the products used in beverages to improve flavor will drive the global market trends over 2023–2030
A surge in the acceptance of beverage acidulants in retaining texture & color for developing exotic products will spur the expansion of the global beverage acidulants market. Apart from this, surging demand for imparting good flavor to drinks as well as adding low-calorie sweeteners to the product will further drive the global market trends. Additionally, the escalating use of the product in the food & beverages sector owing to its beneficial features such as imparting unique flavor to beverages is likely to define the scope of growth of the market across the globe in the coming years. Establishing new setups for increasing the production capacity of the firms will elevate the growth of the market globally. For instance, in 2021, Tata & Lyle PLC, a key food & beverage supplier based in the UK, established a new acidulants unit in Brazil. The strategic move is aimed at minimizing GHG emissions in the atmosphere.
Beverage Acidulants Market: Restraints
Huge prices of raw components can hinder the expansion of the global industry over the forecast period
Huge costs of raw materials and disruptions in the supply chain activities due to the outbreak of epidemics will pose a huge threat to the expansion of the beverage acidulates industry globally.
Beverage Acidulants Market: Opportunities
A rise in the demand for acidul citric in various drinks for sweetening will create new facades of growth for the global market
Immense use of products in food & beverages for providing unique flavor to fruit drinks and carbonated drinks will steer the expansion of the beverage acidulants market across the globe. A prominent demand for acidul citric to sweeten the drinks will open new growth opportunities for the market across the globe.
Beverage Acidulants Market: Challenges
Stringent legislation pertaining to product application in beverages can deter the global industry surge over 2023–2030
Strict government laws controlling the use of products due to growing concerns pertaining to the health of people can pose a big challenge for the global beverage acidulants industry expansion.
Beverage Acidulants Market: Segmentation
The global beverage acidulants market is sectored into product type, form, application, and region.
In product type terms, the global beverage acidulants market is segregated into citric acid, acetic acid, fumaric acid, lactic acid, phosphoric acid, malic acid, tartaric acid, and others segments. Furthermore, the citric acid segment, which acquired approximately two-fifths of the global market revenue in 2022, is anticipated to register the highest growth rate in the next eight years. The growth of the segment during the projected timespan can be credited to its unique flavor and taste. Moreover, soft drinks as well as organic beverages have citric acid as its main constituent.
Based on the form, the global beverage acidulants industry is sectored into powder, granules, and liquid segments. Moreover, the liquid segment, which accumulated the largest share of the global industry in 2022, is anticipated to lead the segmental landscape during the coming years. The expansion of the segment in the coming years can be due to the escalating use of the product in improving the taste and flavor of beverages.
Based on the application, the beverage acidulants market across the globe is divided into dairy-based beverages, energy drinks, alcoholic beverages, fruit juices & concentrates, soft drinks, and others segments. Furthermore, the fruit juices & concentrates segment, which acquired a huge share of the global market in 2022, is anticipated to record rapid growth in the years ahead. The segmental surge over the projected timeframe can be credited to a rise in demand for consuming healthy drinks having a proportionate ratio of the presence of vitamins and nutrients.
Beverage Acidulants Market: Report Scope
Report AttributesReport DetailsReport NameBeverage Acidulants MarketMarket Size in 2022USD 2.75 BillionMarket Forecast in 2030USD 5.75 BillionGrowth RateCAGR of 5%Number of Pages227Key Companies CoveredParry Enterprises India Ltd., Hawkins Watts Limited, Cargill Inc., Northeast Pharmaceutical Group Co. Ltd., Balchem Ingredient, Tate & Lyle, Corbion N.V., The Sumo Food Ingredients (SFI), Batory Nutra, FBC Industries Inc., Archer Daniels Midland, Isegen South Africa, Jones Hamilton, Bartek Ingredients, Weifang Ensign Industry Co. Ltd., Suntran Industrial Group., and others.Segments CoveredBy Product Type, By Application, By Form, and By RegionRegions CoveredNorth America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)Base Year2022Historical Year2017 to 2021Forecast Year2023–2030Customization ScopeAvail customized purchase options to meet your exact research needs. Request For Customization
Beverage Acidulants Market: Regional Insights
North America is predicted to maintain its dominant position in the global beverage acidulants market over the prognosis timeline
North America, which amassed approximately 36% of the global beverage acidulants market revenue share in 2022, is likely to dominate the regional landscape in the next couple of years. Additionally, the regional market surge over the upcoming years can be attributed to a rise in the youth populace consuming energy drinks in countries such as the U.S. Rapid urbanization and production of beverages along with a swift expansion of supply chain dynamics & distribution channels will further help the market in the region take huge strides of growth in the coming years. Easy availability of organic products, favorable import-export policies, and low tax rates on the import-export of goods will benefit the growth of the market in the sub-continent.
Asia-Pacific beverage acidulants industry is set to register the highest CAGR in the upcoming years owing to an increase in the availability of raw materials along with a growing preference for beverages owing to extreme temperatures in the region. Apart from this, low wages as well as low production & operating costs will further steer the expansion of the industry in the region. The growing presence of giant players in countries such as China along with an increase in the production of organic as well as synthetic drinks in India and China will prompt the regional industry trends.
Beverage Acidulants Market: Competitive Space
The global beverage acidulants market profiles key players such as:
- Parry Enterprises India Ltd.
- Hawkins Watts Limited
- Cargill Inc.
- Northeast Pharmaceutical Group Co. Ltd.
- Balchem Ingredient
- Tate & Lyle
- Corbion N.V.
- The Sumo Food Ingredients (SFI)
- Batory Nutra
- FBC Industries Inc.
- Archer Daniels Midland
- Isegen South Africa
- Jones Hamilton
- Bartek Ingredients
- Weifang Ensign Industry Co. Ltd.
- Suntran Industrial Group.
The global beverage acidulants market is segmented as follows:
By Product Type
- Citric Acid
- Acetic Acid
- Fumaric Acid
- Lactic Acid
- Phosphoric Acid
- Malic Acid
- Tartaric Acid
- Dairy-Based Beverages
- Energy Drinks
- Alcoholic Beverages
- Fruit Juices & Concentrates
- Soft Drinks
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa