Asia Pacific 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

Description

List of Tables

The Asia Pacific Food Acidulants Market would 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 would continue to be 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.

Based on Application, the market is segmented into Beverages, Bakery & Confectionery, Dairy & Frozen Desserts, Meat Industry and Others. Based on Type, the market is segmented into Citric Acid, Acetic Acid, Lactic Acid, Phosphoric Acid, Malic Acid and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

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

Asia Pacific Food Acidulants 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)

China
Japan
India
South Korea
Australia
Malaysia
Rest of Asia Pacific

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Asia Pacific Food Acidulants Market, by Application
- 1.4.2 Asia Pacific Food Acidulants Market, by Type
- 1.4.3 Asia Pacific 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. Asia Pacific Food Acidulants Market by Application

4.1 Asia Pacific Beverages Market by Country
4.2 Asia Pacific Bakery & Confectionery Market by Country
4.3 Asia Pacific Dairy & Frozen Desserts Market by Country
4.4 Asia Pacific Meat Industry Market by Country
4.5 Asia Pacific Others Market by Country

Chapter 5. Asia Pacific Food Acidulants Market by Type

5.1 Asia Pacific Citric Acid Market by Country
5.2 Asia Pacific Acetic Acid Market by Country
5.3 Asia Pacific Lactic Acid Market by Country
5.4 Asia Pacific Phosphoric Acid Market by Country
5.5 Asia Pacific Malic Acid Market by Country
5.6 Asia Pacific Others Market by Country

Chapter 6. Asia Pacific Food Acidulants Market by Country

6.1 China Food Acidulants Market
- 6.1.1 China Food Acidulants Market by Application
- 6.1.2 China Food Acidulants Market by Type
6.2 Japan Food Acidulants Market
- 6.2.1 Japan Food Acidulants Market by Application
- 6.2.2 Japan Food Acidulants Market by Type
6.3 India Food Acidulants Market
- 6.3.1 India Food Acidulants Market by Application
- 6.3.2 India Food Acidulants Market by Type
6.4 South Korea Food Acidulants Market
- 6.4.1 South Korea Food Acidulants Market by Application
- 6.4.2 South Korea Food Acidulants Market by Type
6.5 Australia Food Acidulants Market
- 6.5.1 Australia Food Acidulants Market by Application
- 6.5.2 Australia Food Acidulants Market by Type
6.6 Malaysia Food Acidulants Market
- 6.6.1 Malaysia Food Acidulants Market by Application
- 6.6.2 Malaysia Food Acidulants Market by Type
6.7 Rest of Asia Pacific Food Acidulants Market
- 6.7.1 Rest of Asia Pacific Food Acidulants Market by Application
- 6.7.2 Rest of Asia Pacific 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

LIST OF TABLES

TABLE 1 Asia Pacific Food Acidulants Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Food Acidulants Market, 2024 - 2031, USD Million
TABLE 3 Asia Pacific Food Acidulants Market, 2020 - 2023, Tonnes
TABLE 4 Asia Pacific Food Acidulants Market, 2024 - 2031, Tonnes
TABLE 5 Asia Pacific Food Acidulants Market by Application, 2020 - 2023, USD Million
TABLE 6 Asia Pacific Food Acidulants Market by Application, 2024 - 2031, USD Million
TABLE 7 Asia Pacific Food Acidulants Market by Application, 2020 - 2023, Tonnes
TABLE 8 Asia Pacific Food Acidulants Market by Application, 2024 - 2031, Tonnes
TABLE 9 Asia Pacific Beverages Market by Country, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Beverages Market by Country, 2024 - 2031, USD Million
TABLE 11 Asia Pacific Beverages Market by Country, 2020 - 2023, Tonnes
TABLE 12 Asia Pacific Beverages Market by Country, 2024 - 2031, Tonnes
TABLE 13 Asia Pacific Bakery & Confectionery Market by Country, 2020 - 2023, USD Million
TABLE 14 Asia Pacific Bakery & Confectionery Market by Country, 2024 - 2031, USD Million
TABLE 15 Asia Pacific Bakery & Confectionery Market by Country, 2020 - 2023, Tonnes
TABLE 16 Asia Pacific Bakery & Confectionery Market by Country, 2024 - 2031, Tonnes
TABLE 17 Asia Pacific Dairy & Frozen Desserts Market by Country, 2020 - 2023, USD Million
TABLE 18 Asia Pacific Dairy & Frozen Desserts Market by Country, 2024 - 2031, USD Million
TABLE 19 Asia Pacific Dairy & Frozen Desserts Market by Country, 2020 - 2023, Tonnes
TABLE 20 Asia Pacific Dairy & Frozen Desserts Market by Country, 2024 - 2031, Tonnes
TABLE 21 Asia Pacific Meat Industry Market by Country, 2020 - 2023, USD Million
TABLE 22 Asia Pacific Meat Industry Market by Country, 2024 - 2031, USD Million
TABLE 23 Asia Pacific Meat Industry Market by Country, 2020 - 2023, Tonnes
TABLE 24 Asia Pacific Meat Industry Market by Country, 2024 - 2031, Tonnes
TABLE 25 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 26 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 27 Asia Pacific Others Market by Country, 2020 - 2023, Tonnes
TABLE 28 Asia Pacific Others Market by Country, 2024 - 2031, Tonnes
TABLE 29 Asia Pacific Food Acidulants Market by Type, 2020 - 2023, USD Million
TABLE 30 Asia Pacific Food Acidulants Market by Type, 2024 - 2031, USD Million
TABLE 31 Asia Pacific Food Acidulants Market by Type, 2020 - 2023, Tonnes
TABLE 32 Asia Pacific Food Acidulants Market by Type, 2024 - 2031, Tonnes
TABLE 33 Asia Pacific Citric Acid Market by Country, 2020 - 2023, USD Million
TABLE 34 Asia Pacific Citric Acid Market by Country, 2024 - 2031, USD Million
TABLE 35 Asia Pacific Citric Acid Market by Country, 2020 - 2023, Tonnes
TABLE 36 Asia Pacific Citric Acid Market by Country, 2024 - 2031, Tonnes
TABLE 37 Asia Pacific Acetic Acid Market by Country, 2020 - 2023, USD Million
TABLE 38 Asia Pacific Acetic Acid Market by Country, 2024 - 2031, USD Million
TABLE 39 Asia Pacific Acetic Acid Market by Country, 2020 - 2023, Tonnes
TABLE 40 Asia Pacific Acetic Acid Market by Country, 2024 - 2031, Tonnes
TABLE 41 Asia Pacific Lactic Acid Market by Country, 2020 - 2023, USD Million
TABLE 42 Asia Pacific Lactic Acid Market by Country, 2024 - 2031, USD Million
TABLE 43 Asia Pacific Lactic Acid Market by Country, 2020 - 2023, Tonnes
TABLE 44 Asia Pacific Lactic Acid Market by Country, 2024 - 2031, Tonnes
TABLE 45 Asia Pacific Phosphoric Acid Market by Country, 2020 - 2023, USD Million
TABLE 46 Asia Pacific Phosphoric Acid Market by Country, 2024 - 2031, USD Million
TABLE 47 Asia Pacific Phosphoric Acid Market by Country, 2020 - 2023, Tonnes
TABLE 48 Asia Pacific Phosphoric Acid Market by Country, 2024 - 2031, Tonnes
TABLE 49 Asia Pacific Malic Acid Market by Country, 2020 - 2023, USD Million
TABLE 50 Asia Pacific Malic Acid Market by Country, 2024 - 2031, USD Million
TABLE 51 Asia Pacific Malic Acid Market by Country, 2020 - 2023, Tonnes
TABLE 52 Asia Pacific Malic Acid Market by Country, 2024 - 2031, Tonnes
TABLE 53 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
TABLE 54 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
TABLE 55 Asia Pacific Others Market by Country, 2020 - 2023, Tonnes
TABLE 56 Asia Pacific Others Market by Country, 2024 - 2031, Tonnes
TABLE 57 Asia Pacific Food Acidulants Market by Country, 2020 - 2023, USD Million
TABLE 58 Asia Pacific Food Acidulants Market by Country, 2024 - 2031, USD Million
TABLE 59 Asia Pacific Food Acidulants Market by Country, 2020 - 2023, Tonnes
TABLE 60 Asia Pacific Food Acidulants Market by Country, 2024 - 2031, Tonnes
TABLE 61 China Food Acidulants Market, 2020 - 2023, USD Million
TABLE 62 China Food Acidulants Market, 2024 - 2031, USD Million
TABLE 63 China Food Acidulants Market, 2020 - 2023, Tonnes
TABLE 64 China Food Acidulants Market, 2024 - 2031, Tonnes
TABLE 65 China Food Acidulants Market by Application, 2020 - 2023, USD Million
TABLE 66 China Food Acidulants Market by Application, 2024 - 2031, USD Million
TABLE 67 China Food Acidulants Market by Application, 2020 - 2023, Tonnes
TABLE 68 China Food Acidulants Market by Application, 2024 - 2031, Tonnes
TABLE 69 China Food Acidulants Market by Type, 2020 - 2023, USD Million
TABLE 70 China Food Acidulants Market by Type, 2024 - 2031, USD Million
TABLE 71 China Food Acidulants Market by Type, 2020 - 2023, Tonnes
TABLE 72 China Food Acidulants Market by Type, 2024 - 2031, Tonnes
TABLE 73 Japan Food Acidulants Market, 2020 - 2023, USD Million
TABLE 74 Japan Food Acidulants Market, 2024 - 2031, USD Million
TABLE 75 Japan Food Acidulants Market, 2020 - 2023, Tonnes
TABLE 76 Japan Food Acidulants Market, 2024 - 2031, Tonnes
TABLE 77 Japan Food Acidulants Market by Application, 2020 - 2023, USD Million
TABLE 78 Japan Food Acidulants Market by Application, 2024 - 2031, USD Million
TABLE 79 Japan Food Acidulants Market by Application, 2020 - 2023, Tonnes
TABLE 80 Japan Food Acidulants Market by Application, 2024 - 2031, Tonnes
TABLE 81 Japan Food Acidulants Market by Type, 2020 - 2023, USD Million
TABLE 82 Japan Food Acidulants Market by Type, 2024 - 2031, USD Million
TABLE 83 Japan Food Acidulants Market by Type, 2020 - 2023, Tonnes
TABLE 84 Japan Food Acidulants Market by Type, 2024 - 2031, Tonnes
TABLE 85 India Food Acidulants Market, 2020 - 2023, USD Million
TABLE 86 India Food Acidulants Market, 2024 - 2031, USD Million
TABLE 87 India Food Acidulants Market, 2020 - 2023, Tonnes
TABLE 88 India Food Acidulants Market, 2024 - 2031, Tonnes
TABLE 89 India Food Acidulants Market by Application, 2020 - 2023, USD Million
TABLE 90 India Food Acidulants Market by Application, 2024 - 2031, USD Million
TABLE 91 India Food Acidulants Market by Application, 2020 - 2023, Tonnes
TABLE 92 India Food Acidulants Market by Application, 2024 - 2031, Tonnes
TABLE 93 India Food Acidulants Market by Type, 2020 - 2023, USD Million
TABLE 94 India Food Acidulants Market by Type, 2024 - 2031, USD Million
TABLE 95 India Food Acidulants Market by Type, 2020 - 2023, Tonnes
TABLE 96 India Food Acidulants Market by Type, 2024 - 2031, Tonnes
TABLE 97 South Korea Food Acidulants Market, 2020 - 2023, USD Million
TABLE 98 South Korea Food Acidulants Market, 2024 - 2031, USD Million
TABLE 99 South Korea Food Acidulants Market, 2020 - 2023, Tonnes
TABLE 100 South Korea Food Acidulants Market, 2024 - 2031, Tonnes
TABLE 101 South Korea Food Acidulants Market by Application, 2020 - 2023, USD Million
TABLE 102 South Korea Food Acidulants Market by Application, 2024 - 2031, USD Million
TABLE 103 South Korea Food Acidulants Market by Application, 2020 - 2023, Tonnes
TABLE 104 South Korea Food Acidulants Market by Application, 2024 - 2031, Tonnes
TABLE 105 South Korea Food Acidulants Market by Type, 2020 - 2023, USD Million
TABLE 106 South Korea Food Acidulants Market by Type, 2024 - 2031, USD Million
TABLE 107 South Korea Food Acidulants Market by Type, 2020 - 2023, Tonnes
TABLE 108 South Korea Food Acidulants Market by Type, 2024 - 2031, Tonnes
TABLE 109 Australia Food Acidulants Market, 2020 - 2023, USD Million
TABLE 110 Australia Food Acidulants Market, 2024 - 2031, USD Million
TABLE 111 Australia Food Acidulants Market, 2020 - 2023, Tonnes
TABLE 112 Australia Food Acidulants Market, 2024 - 2031, Tonnes
TABLE 113 Australia Food Acidulants Market by Application, 2020 - 2023, USD Million
TABLE 114 Australia Food Acidulants Market by Application, 2024 - 2031, USD Million
TABLE 115 Australia Food Acidulants Market by Application, 2020 - 2023, Tonnes
TABLE 116 Australia Food Acidulants Market by Application, 2024 - 2031, Tonnes
TABLE 117 Australia Food Acidulants Market by Type, 2020 - 2023, USD Million
TABLE 118 Australia Food Acidulants Market by Type, 2024 - 2031, USD Million
TABLE 119 Australia Food Acidulants Market by Type, 2020 - 2023, Tonnes
TABLE 120 Australia Food Acidulants Market by Type, 2024 - 2031, Tonnes
TABLE 121 Malaysia Food Acidulants Market, 2020 - 2023, USD Million
TABLE 122 Malaysia Food Acidulants Market, 2024 - 2031, USD Million
TABLE 123 Malaysia Food Acidulants Market, 2020 - 2023, Tonnes
TABLE 124 Malaysia Food Acidulants Market, 2024 - 2031, Tonnes
TABLE 125 Malaysia Food Acidulants Market by Application, 2020 - 2023, USD Million
TABLE 126 Malaysia Food Acidulants Market by Application, 2024 - 2031, USD Million
TABLE 127 Malaysia Food Acidulants Market by Application, 2020 - 2023, Tonnes
TABLE 128 Malaysia Food Acidulants Market by Application, 2024 - 2031, Tonnes
TABLE 129 Malaysia Food Acidulants Market by Type, 2020 - 2023, USD Million
TABLE 130 Malaysia Food Acidulants Market by Type, 2024 - 2031, USD Million
TABLE 131 Malaysia Food Acidulants Market by Type, 2020 - 2023, Tonnes
TABLE 132 Malaysia Food Acidulants Market by Type, 2024 - 2031, Tonnes
TABLE 133 Rest of Asia Pacific Food Acidulants Market, 2020 - 2023, USD Million
TABLE 134 Rest of Asia Pacific Food Acidulants Market, 2024 - 2031, USD Million
TABLE 135 Rest of Asia Pacific Food Acidulants Market, 2020 - 2023, Tonnes
TABLE 136 Rest of Asia Pacific Food Acidulants Market, 2024 - 2031, Tonnes
TABLE 137 Rest of Asia Pacific Food Acidulants Market by Application, 2020 - 2023, USD Million
TABLE 138 Rest of Asia Pacific Food Acidulants Market by Application, 2024 - 2031, USD Million
TABLE 139 Rest of Asia Pacific Food Acidulants Market by Application, 2020 - 2023, Tonnes
TABLE 140 Rest of Asia Pacific Food Acidulants Market by Application, 2024 - 2031, Tonnes
TABLE 141 Rest of Asia Pacific Food Acidulants Market by Type, 2020 - 2023, USD Million
TABLE 142 Rest of Asia Pacific Food Acidulants Market by Type, 2024 - 2031, USD Million
TABLE 143 Rest of Asia Pacific Food Acidulants Market by Type, 2020 - 2023, Tonnes
TABLE 144 Rest of Asia Pacific Food Acidulants Market by Type, 2024 - 2031, Tonnes
TABLE 145 Key Information - Tate & Lyle PLC
TABLE 146 Key Information - Brenntag SE
TABLE 147 Key Information - Univar Solutions, Inc.
TABLE 148 Key Information - Archer Daniels Midland Company
TABLE 149 Key Information - jungbunzlauer suisse ag
TABLE 150 Key Information - Cargill, Incorporated
TABLE 151 Key Information - Corbion N.V.
TABLE 152 Key Information - Bartek Ingredients Inc.
TABLE 153 Key Information - FBC Industries Inc.
TABLE 154 Key Information - Hawkins Watts New Zealand

Asia Pacific 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