Global Food Acidulants Market Size & Outlook, 2024-2030
Global food acidulants market, 2018-2030 (US$M)
Global food acidulants market highlights
- The global food acidulants market generated a revenue of USD 6,107.9 million in 2023 and is expected to reach USD 8,737.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.2% by 2030.
- In terms of segment, citric acid accounted for a revenue of USD 6,107.9 million in 2023.
- Citric Acid is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 6,107.9 million |
| Market revenue in 2030 | USD 8,737.0 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Citric acid |
| Fastest growing segment | Citric Acid |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Citric Acid |
Other key industry trends
- In terms of revenue, the North America accounted for 26.1% of the global food acidulants market in 2023.
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Food Acidulants Market Scope
Food Acidulants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global food acidulants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food acidulants market will help companies and investors design strategic landscapes.
Citric acid was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the Global food acidulants market based on citric acid covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Food Acidulants Type Outlook (Revenue, USD Million, 2018-2030)
- Citric Acid
- Acetic Acid
- Lactic Acid
- Phosphoric Acid
- Malic Acid
- Others
- Global Food Acidulants Distribution channel Outlook (Revenue, USD Million, 2018-2030)
- Hypermarkets & Supermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
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Target buyers of Global food acidulants market databook
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Our clientele includes a mix of food acidulants market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global food acidulants market , including forecasts for subscribers. This global databook contains high-level insights into Global food acidulants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global food acidulants market report size, by regions, 2018-2030 (US$M)
Top 10 countries: Food acidulants market report size, 2023 (US$M)
Global food acidulants market report share, by type, 2023 & 2030 (%, US$M)
Food acidulants market: Opportunity assessment by country
Global food acidulants market, by region, 2024 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,327.4 | 1,359.3 | 1,402.6 | 1,454.8 | 1,523.9 | 1,594.0 | 1,661.7 | 1,732.7 | 1,807.2 | 1,885.3 | 1,967.0 | 2,052.3 | 2,141.5 | 4.3% |
| Europe | 992.0 | 1,018.4 | 1,053.4 | 1,095.3 | 1,150.3 | 1,206.3 | 1,260.9 | 1,318.3 | 1,378.7 | 1,442.3 | 1,509.0 | 1,578.8 | 1,652.2 | 4.6% |
| Asia Pacific | 1,595.1 | 1,660.3 | 1,741.4 | 1,835.9 | 1,954.8 | 2,078.4 | 2,202.5 | 2,334.7 | 2,475.4 | 2,625.2 | 2,784.4 | 2,953.4 | 3,133.1 | 6.0% |
| Latin America | 574.8 | 596.9 | 624.6 | 657.0 | 698.0 | 740.5 | 783.0 | 828.2 | 876.3 | 927.3 | 981.5 | 1,039.0 | 1,100.0 | 5.8% |
| MEA | 385.6 | 399.1 | 416.3 | 436.4 | 462.2 | 488.7 | 515.1 | 543.2 | 572.9 | 604.4 | 637.7 | 673.0 | 710.3 | 5.5% |
| Overall | 4,874.9 | 5,034.0 | 5,238.3 | 5,479.4 | 5,789.1 | 6,107.9 | 6,423.1 | 6,757.1 | 7,110.5 | 7,484.5 | 7,879.7 | 8,296.5 | 8,737.0 | 5.3% |
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