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Australia Food Acidulants Market Size, Analysis, Forecast: By Form: Liquid, Powder; By Type: Phosphoric Acid, Lactic Acid, Citric Acid, Others; By Application: Dairy and Frozen Products, Confectionery, Beverages, Bakery, Meat Industry, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Others; Competitive Landscape; 2024-2032
Australia Food Acidulants Market Outlook
The Australia food acidulants market size is expected to grow at a CAGR of 3.8% between 2024 and 2032.
Key Takeaways
- Following a robust 4% real growth in 2021, Australia's economy is expected for an average annual real expansion of 2.3% in the medium term. Inflation is projected to hold steady at 2.7% in 2022.
- Australia registered a notable 37% surge in merchandise exports and a 21.6% increase in imports last year while maintaining its status as a net goods exporter. However, foreign direct investment inflows saw a decline in 2020, resulting in FDI intensity hitting 1.5% of GDP.
- On the fiscal front, Australia witnessed a rise in public debt to 61.1% of GDP in 2021, up from 57.3% in 2020, signalling concerns over the nation's fiscal stability.
Food acidulants, also known as food acids, play a crucial role in stabilising pH levels, enhancing taste, colour, and moisture, and preserving food and beverages. They are utilised extensively in various products such as jams, sauces, and carbonated soft drinks (CSDs) to impart sharp and tangy flavours. Citric acid, a naturally derived acidulant, is the most commonly used, offering an immediate citrus sour taste. However, malic acid provides a slightly delayed apple sour taste, adding diversity to flavour profiles.
The food acidulants market in Australia is witnessing rapid growth, driven by the increasing consumption of processed food and beverages, particularly among the middle-class population. While Chinese players, particularly in citric acid production, pose a significant competitive threat to Western counterparts, regulatory measures on imports remain nascent in many countries, aiming to foster fair competition.
Technological advancements in production processes are seen as a key opportunity for manufacturers to meet growing capacity requirements. Phosphoric acid, a commonly used acidulant in Australian products like colas and jams, meets the stringent standards of the Food Chemical Codex (FCC), making it suitable for various food and beverage applications.
The beverage industry, being the largest consumer of food-grade acidulants, is witnessing a shift from citric acid to phosphoric acid in certain products. Leading companies like Coca-Cola are incorporating phosphoric acid to add tartness to their beverages, indicating a promising market for this ingredient.
Moreover, the bakery sector is experiencing growth due to increased demand for on-the-go snacks, fuelled by rapid urbanisation and a growing working population. Australians' high consumption of sugar-sweetened beverages presents opportunities for the acid regulator market to cater to various beverage segments, including energy drinks, fruit drinks, and sports drinks. Additionally, the rising popularity of protein sports drinks and specialty nutritional beverages further contributes to the Australia food acidulants market development.
In essence, the food acidulants industry is witnessing robust growth driven by evolving consumer preferences, technological advancements, and expanding market opportunities in various food and beverage sectors.
Market Segmentation
Australia Food Acidulants Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Form
- Liquid
- Powder
Market Breakup by Type
- Phosphoric Acid
- Lactic Acid
- Citric Acid
- Others
Market Breakup by Application
- Dairy and Frozen Products
- Confectionery
- Beverages
- Bakery
- Meat Industry
- Others
Market Breakup by Region
- South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Key players in the food acidulants in Australia develop, manufacture, and provide products aiding the end-users with higher quality and improved tastes.
- ADM Australia Pty. Ltd.
- Cargill Australia Limited
- Corbion NV
- Blants Australia
- All Chemical Manufacturing & Consultancy Pty Ltd.
- Northern Chemicals
- Aussie Brewmakers
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Form |
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Food Acidulants Market Overview
8.1 Key Industry Highlights
8.2 Australia Food Acidulants Historical Market (2018-2023)
8.3 Australia Food Acidulants Market Forecast (2024-2032)
9 Australia Food Acidulants Market by Form
9.1 Liquid
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Powder
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Australia Food Acidulants Market by Type
10.1 Phosphoric Acid
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Lactic Acid
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Citric Acid
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Australia Food Acidulants Market by Application
11.1 Dairy and Frozen Products
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Confectionery
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Beverages
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Bakery
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Meat Industry
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Australia Food Acidulants Market by Region
12.1 South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Western Australia
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Australian Capital Territory
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicator for Price
13.4 Key Indicator for Demand
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 ADM Australia Pty. Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Cargill Australia Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Corbion NV
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Blants Australia
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 All Chemical Manufacturing & Consultancy Pty Ltd.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Northern Chemicals
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Aussie Brewmakers
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Food Acidulants Market: Key Industry Highlights, 2018 and 2032
2. Australia Food Acidulants Historical Market: Breakup by Form (USD Million), 2018-2023
3. Australia Food Acidulants Market Forecast: Breakup by Form (USD Million), 2024-2032
4. Australia Food Acidulants Historical Market: Breakup by Type (USD Million), 2018-2023
5. Australia Food Acidulants Market Forecast: Breakup by Type (USD Million), 2024-2032
6. Australia Food Acidulants Historical Market: Breakup by Application (USD Million), 2018-2023
7. Australia Food Acidulants Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Australia Food Acidulants Historical Market: Breakup by Region (USD Million), 2018-2023
9. Australia Food Acidulants Market Forecast: Breakup by Region (USD Million), 2024-2032
10. Australia Food Acidulants Market Structure
Key Questions Answered in the Report
The food acidulants market is projected to grow at a CAGR of 3.8% between 2024 and 2032.
The food acidulants market is categorised according to its form, which includes Liquid and Powder.
The key market players are ADM Australia Pty. Ltd., Cargill Australia Limited, Corbion NV, Blants Australia, All Chemical Manufacturing & Consultancy Pty Ltd., Northern Chemicals, Aussie Brewmakers, and others.
The market is driven by factors that include increasing investments in the food and beverages industry, rising demand for convenience food, among others.
The food acidulants market is categorised according to its application, which includes dairy and frozen products, confectionery, beverages, bakery, meat industry, and others.
Citric acid stands as one of the oldest and most favoured food acidulants. Its widespread application spans the production of carbonated drinks, fruit and vegetable beverages, cheeses, and various dairy items.
Certain foods are prone to increasing acidity levels in the body, prompting the need for moderation or avoidance. These include grains, sugar, select dairy products, fish, processed foods, fresh and processed meats like corned beef and turkey, sweetened beverages, and high-protein foods and supplements.
In Australia, the agricultural landscape is shaped by factors such as climate, water access, soil quality, and market proximity. Livestock grazing is prevalent across the nation, while crop cultivation and horticulture tend to be cantered in coastal regions.
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