Food Acidulants Market Share

North American Market Statistics

North America industry is estimated to account for largest revenue share of 46% by 2037. The region's market growth is expected due to the growing demand for convenient foods and processed fruits and vegetables to have them on the go. While this industry runs on an extended shelf-life, it also challenges the companies to maintain the taste and flavors. The beverages along with the food are used extensively in this sector.

According to USDA Foreign Agricultural Services, the demand for processed food products is expected to grow by 11% and is expected to fuel export opportunities as well. This tremendous boost indicates that they are developing to provide natural ingredients to fulfill the nutrients required coupled with the desired taste, and these demands are expected to influence the demand for the Food Acidulants sector in the region.

Increasing demand for convenience food coupled with ready-to-go foods drives the food acidulants market demand in the United States. According to the USDA, about 12% less ready-to-eat food is purchased in households where all adults are employed, and more than 70% of foods from full-service restaurants.

In Canada, there is an increase in health-oriented customers for low-calorie and organic products. According to a report, more than 45% of Canadians are eager to find new ways to improve their health.

APAC Market Analysis

By 2037, Asia Pacific food acidulants market is anticipated to capture over 24% revenue share and will hold the second position on account of an increase in the adoption of Western dietary habits, hence the requirement for processed and packed food items and beverages. This count in the steps of urbanization, the ready-to-eat meals: their texture, taste, flavor, and nutrition for a healthy diet. According to a report, the revenue share of ready-to-eat meals is slated to witness a CAGR of about 6.8% by 2028.

In addition, this is also the need of countries to meet the demand of the population, certain organic and natural ingredients are used nowadays which fuels the food acidulants market and adds to its growth of demand and supply.

According to the OEC World, China exported more than USD 2.18 billion of citric acid, which makes it the world’s largest exporter in 2022.