Global Food Grade Acetic Acid Market Overview
Food Grade Acetic Acid Market Size was estimated at 1.35 (USD Billion) in 2022. The Food Grade Acetic Acid Industry is expected to grow from 1.48 (USD Billion) in 2023 to 3.24 (USD Billion) by 2032. The Food Grade Acetic Acid Market CAGR (growth rate) is expected to be around 9.13% during the forecast period (2024 - 2032).
Key Food Grade Acetic Acid Market Trends Highlighted
A number of key trends have been identified in the Food Grade Acetic Acid market. The first one is the increasing demand for processed and packaged foods, especially in developing countries. Moreover, consumer health awareness is driving them to organic and natural foodstuffs that are often preserved with food-grade acetic acid.
Research and development activities are also ongoing to increase the production efficiency of acetic acid while reducing its environmental impact. Besides, other opportunities include diversifying into pharmaceuticals as well as personal care products among others.
In addition, recent trends in the Food Grade Acetic Acid market involve embracing sustainability practices across the supply chains, such as renewable feedstock use and energy-efficient technologies. Also, there has been a rise in consolidation in this market, where established firms acquire new businesses to increase their stake and quantity of goods produced.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Food Grade Acetic Acid Market Drivers
Growing Demand for Food Grade Acetic Acid in the Food and Beverage Industry
The food and beverage industry is a major consumer of food-grade acetic acid, which is used as a preservative, flavoring agent, and acidity regulator. The growing demand for processed foods and beverages, coupled with the increasing awareness of the health benefits of vinegar, is driving the growth of the food-grade acetic acid market. The use of vinegar as a natural preservative and flavor enhancer in food products is gaining popularity due to its ability to extend shelf life, improve taste, and reduce the need for artificial additives.Furthermore, the rising demand for organic and natural food products is also contributing to the growth of the food-grade acetic acid market, as vinegar is a natural and safe alternative to synthetic preservatives. The food and beverage industry is expected to continue to be a major driver of growth for the food-grade acetic acid market in the coming years. The increasing population, urbanization, and changing dietary habits are all contributing to the growth of the food and beverage industry, which in turn is driving the demand for food-grade acetic acid. Some of the key trends in the food and beverage industry that are driving the demand for food-grade acetic acid include The growing popularity of processed foods and beverages, The increasing awareness of the health benefits of vinegar, The rising demand for organic and natural food products These trends are expected to continue to drive the demand for food grade acetic acid in the coming years, making it a key growth area for the food grade acetic acid market.
Expansion of the Pharmaceutical and Personal Care Industries
The pharmaceutical and personal care industries are also major consumers of food-grade acetic acid, which is used in the production of a wide range of products, including pharmaceuticals, cosmetics, and toiletries. The growing demand for over-the-counter (OTC) medications, coupled with the increasing popularity of natural and organic personal care products, is driving the growth of the food-grade acetic acid market in these industries. Acetic acid is used in the production of a wide range of pharmaceutical products, including antibiotics, aspirin, and ibuprofen.It is also used as a solvent and excipient in many drug formulations. The growing demand for OTC medications, particularly in emerging markets, is driving the growth of the food-grade acetic acid market in the pharmaceutical industry. In the personal care industry, food-grade acetic acid is used in the production of a wide range of products, including cosmetics, toiletries, and hair care products. It is used as a preservative, pH adjuster, and cleansing agent.The growing demand for natural and organic personal care products is driving the growth of the food-grade acetic acid market in this industry.
Increasing Adoption of Food Grade Acetic Acid in Industrial Applications
Food-grade acetic acid is also used in a variety of industrial applications, including the production of textiles, paper, and plastics. The growing demand for bio-based materials, coupled with the increasing awareness of the environmental benefits of acetic acid, is driving the growth of the food-grade acetic acid market in these industries. Acetic acid is used in the production of a wide range of textiles, including cotton, wool, and silk. It is used to improve the strength, durability, and appearance of fabrics.The growing demand for bio-based textiles, particularly in the fashion industry, is driving the growth of the food-grade acetic acid market in the textile industry. Acetic acid is also used in the production of paper and plastics. It is used to improve the strength, durability, and water resistance of these materials. The growing demand for bio-based paper and plastics, particularly in the packaging industry, is driving the growth of the food-grade acetic acid market in these industries.
Food Grade Acetic Acid Market Segment Insights
Food Grade Acetic Acid Market Application Insights
The Food and Beverages segment dominated the Food Grade Acetic Acid Market in 2023, accounting for a revenue share of over 55%. The market growth is driven by the increasing demand for processed foods and beverages, as well as the growing popularity of natural and organic ingredients. The Food Grade Acetic Acid Market data shows that the segment is expected to continue to grow at a CAGR of 9.5% from 2024 to 2032, reaching a value of USD 1.85 billion by 2032. The Textiles segment is another major application of Food Grade Acetic Acid Market revenue, accounting for a share of over 20% in 2023.The market growth is driven by the increasing demand for synthetic fibers, which are used in a variety of clothing and home furnishing applications. The segment is expected to grow at a CAGR of 8.5% from 2024 to 2032, reaching a value of USD 840 million by 2032. The Paints Coatings segment is also a significant application of Food Grade Acetic Acid Market segmentation, accounting for a share of over 15% in 2023. The market growth is driven by the increasing demand for paints and coatings that are durable and environmentally friendly. The segment is expected to grow at a CAGR of 9.0% from 2024 to 2032, reaching a value of USD 630 million by 2032.The Pharmaceuticals segment is another growing application of Food Grade Acetic Acid Market size, accounting for a share of over 10% in 2023. The market growth is driven by the increasing demand for pharmaceuticals that are effective and safe. The segment is expected to grow at a CAGR of 8.0% from 2024 to 2032, reaching a value of USD 420 million by 2032. The Others segment includes a variety of other applications for Food Grade Acetic Acid Market statistics, such as in the production of plastics, adhesives, and cosmetics. The segment is expected to grow at a CAGR of 8.5% from 2024 to 2032, reaching a value of USD 300 million by 2032.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Food Grade Acetic Acid Market Product Type Insights
The Food Grade Acetic Acid Market is segmented by Product Type into Synthetic Acetic Acid and Bio-based Acetic Acid. Synthetic Acetic Acid dominated the market share in 2023 and is expected to maintain its dominance throughout the forecast period. This is attributed to its cost-effectiveness, availability, and established production processes. Bio-based Acetic Acid, on the other hand, is gaining traction due to growing consumer demand for sustainable and eco-friendly products. The Food Grade Acetic Acid Market revenue from Bio-based Acetic Acid is anticipated to grow significantly during the forecast period, owing to rising environmental concerns and government initiatives promoting the adoption of sustainable practices.By 2032, the Bio-based Acetic Acid segment is projected to capture a considerable market share, driven by increasing investments in renewable feedstocks and technological advancements. These trends are expected to shape the competitive landscape of the Food Grade Acetic Acid Market, with key players focusing on developing innovative, sustainable, and cost-effective products to meet evolving customer needs.
Food Grade Acetic Acid Market Grade Insights
The Food Grade Acetic Acid Market segmentation by Grade consists of Edible Grade and Technical Grade. Edible Grade segment is expected to hold the largest market share in 2023, owing to its extensive use in the food and beverage industry as a flavor enhancer, preservative, and acidity regulator. The demand for Edible Grade acetic acid is anticipated to remain robust in the coming years, driven by the growing popularity of processed and packaged food products. On the other hand, Technical Grade acetic acid is primarily used in industrial applications, such as the production of textiles, plastics, and pharmaceuticals.The demand for Technical Grade acetic acid is also expected to grow steadily in the coming years, supported by the expanding manufacturing sector. Overall, the segmentation of the Food Grade Acetic Acid Market by Grade provides valuable insights into the different applications and industries driving the market's growth.
Food Grade Acetic Acid Market Purity Insights
The purity segment plays a crucial role in the Food Grade Acetic Acid Market segmentation. In 2023, the 99.5% purity segment held the largest market share, accounting for over 45% of the market revenue. This dominance is attributed to its wide applicability in food preservation and beverage production. The 99.9% and 99.99% purity segments are gaining traction due to increasing demand for high-quality food ingredients. The 99.9% purity segment is projected to witness a significant CAGR of 9.5% during the forecast period, driven by growing demand from the pharmaceutical and cosmetic industries.Overall, the purity segment is expected to contribute significantly to the growth of the Food Grade Acetic Acid Market as consumers become more discerning about the quality and safety of food products.
Food Grade Acetic Acid Market Packaging Type Insights
The Food Grade Acetic Acid Market is segmented into Drums, Tanks, and Bottles based on Packaging Type. In 2023, the Drums segment held the largest market share, accounting for approximately 45% of the Food Grade Acetic Acid Market revenue. Drums offer several advantages, including durability, cost-effectiveness, and ease of transportation. They are commonly used for storing and transporting large volumes of Food Grade Acetic Acid. The Tanks segment is expected to witness significant growth over the forecast period due to its ability to store and transport large volumes of Food Grade Acetic Acid efficiently.Tanks provide better protection against contamination and leakage compared to Drums and are ideal for industrial applications. The Bottles segment caters to the demand for smaller packaging sizes of Food Grade Acetic Acid. Bottles are commonly used in retail and consumer applications, offering convenience and ease of handling. The increasing demand for packaged food products and household cleaning solutions is driving the growth of the Bottles segment.
Food Grade Acetic Acid Market Regional Insights
The Food Grade Acetic Acid Market is segmented regionally, which presents different market dynamics and growth opportunities. North America has a big share of the market because it has major food and beverage industries and tight food safety regulations. Europe is another important region with a well-developed food processing industry and high demand for consumers of high-quality food products. Asia-Pacific area is expected to register strong growth due to increased population, rising disposable incomes, as well as expansion of the food and beverages sector.
Another contribution is from South America and Middle East & Africa (MEA) regions, albeit at a slower pace due to growing economies and increasing adoption of acetic acid in various applications.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Food Grade Acetic Acid Market Key Players And Competitive Insights
Major players in Food Grade Acetic Acid Market industry are constantly striving to gain a competitive edge by introducing innovative products and expanding their reach. Leading Food Grade Acetic Acid Market players are investing heavily in research and development to create new and improved products that meet the evolving needs of consumers. The Food Grade Acetic Acid Market is witnessing a surge in mergers and acquisitions as companies seek to consolidate their market position and expand their product portfolio. Strategic partnerships and collaborations are also becoming increasingly common as players look to combine their strengths and resources to gain a competitive advantage. The Food Grade Acetic Acid Market Competitive Landscape is expected to remain dynamic in the coming years, with new entrants and disruptive technologies shaping the industry landscape.Celanese Corporation is a leader in the production of chemicals, including acetic acid. The company has a strong presence in the Food Grade Acetic Acid Market and offers a wide range of products to meet the needs of its customers. Celanese Corporation is committed to innovation and sustainability, and it is constantly investing in new technologies to improve its products and processes. The company has a network of manufacturing facilities and distribution centers, which enables it to serve customers around the world.BASF SE is another major player in the Food Grade Acetic Acid Market. The company is a leading producer of chemicals and plastics, and it has a strong presence in the food and beverage industry. BASF SE offers a wide range of food-grade products, including acetic acid, which is used in a variety of applications such as food preservation, flavoring, and acidification. The company is committed to quality and safety, and it has a strong track record of meeting the needs of its customers.
Key Companies in the Food Grade Acetic Acid Market Include
- Sumitomo Chemical
- Celanese Corporation
- YNCC
- COSMO OIL CO., LTD.
- Jiangsu Sopo (Group) Co., Ltd
- Mitsubishi Chemical
- Xinjiang Zhongtai Chemical Co., Ltd.
- BP Chemicals
- INEOS Oxide LLC
- SABIC
- Eastman
- Showa Denko K.K.
- VVF
- PetroChina
- Repsol
Food Grade Acetic Acid Market Industry Developments
The Food Grade Acetic Acid Market is expected to grow from USD 1.48 Billion in 2023 to USD 3.24 Billion by 2032, exhibiting a CAGR of 9.13%. This growth is attributed to the increasing demand for food-grade acetic acid in the food and beverage industry, as well as the growing popularity of organic and natural products.Recent news developments in the market include the launch of new products, such as BASF's new acetic acid plant in China, and the expansion of production capacity by companies such as Celanese and Eastman Chemical. These developments are expected to further drive the growth of the market in the coming years.The market is also witnessing the emergence of new technologies, such as the use of renewable feedstocks for the production of acetic acid. This is expected to reduce the environmental impact of the industry and make food-grade acetic acid more sustainable.
Food Grade Acetic Acid Market Segmentation Insights
Food Grade Acetic Acid Market Application Outlook
- Food and Beverages
- Textiles
- Paints Coatings
- Pharmaceuticals
- Others
Food Grade Acetic Acid Market Product Type Outlook
- Synthetic Acetic Acid
- Bio-based Acetic Acid
Food Grade Acetic Acid Market Grade Outlook
- Edible Grade
- Technical Grade
Food Grade Acetic Acid Market Purity Outlook
Food Grade Acetic Acid Market Packaging Type Outlook
Food Grade Acetic Acid Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.35 (USD Billion) |
| Market Size 2023 |
1.48 (USD Billion) |
| Market Size 2032 |
3.24 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
9.13% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Sumitomo Chemical, Celanese Corporation, YNCC, COSMO OIL CO., LTD., Jiangsu Sopo (Group) Co., Ltd, Mitsubishi Chemical, Xinjiang Zhongtai Chemical Co., Ltd., BP Chemicals, INEOS Oxide LLC, SABIC, Eastman, Showa Denko K.K., VVF, PetroChina, Repsol |
| Segments Covered |
Application, Product Type, Grade, Purity, Packaging Type, Regional |
| Key Market Opportunities |
Rise in demand for fermented foods and beverages. Growing popularity of organic and natural food products Increasing use in pharmaceuticals and personal care products Expansion of the food and beverage industry in developing countries Technological advancements for efficient production |
| Key Market Dynamics |
Rising demand from the food and beverage industry Increasing awareness about health benefits Growing preference for natural and organic products Technological advancements in production processes Expansion of applications in pharmaceutical and cosmetic industries |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Food Grade Acetic Acid Market was valued at approximately USD 1.63 billion in 2023 and is expected to reach USD 2.35 billion by 2032, registering a CAGR of 4.02% from 2024 to 2032.
The Food Grade Acetic Acid Market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and Middle East Africa. North America region led the market in 2023 and is expected to continue its dominance throughout the forecast period.
Food Grade Acetic Acid is primarily used in the food beverage industry as a preservative, flavoring agent, and acidulant. It is also used in the pharmaceutical industry as a solvent and in the chemical industry as a raw material for the production of other chemicals.
Some of the key competitors in the Food Grade Acetic Acid Market include Celanese Corporation, Eastman Chemical Company, SABIC, BP Plc, and Dow Chemical Company.
The rising demand for processed and packaged food, increasing consumption of vinegar in various cuisines, and growing awareness about the health benefits of acetic acid are some of the key trends positively influencing the growth of the market.
The Food Grade Acetic Acid Market is expected to register a CAGR of 4.02% during the forecast period from 2024 to 2032.
Stringent regulations regarding the use of acetic acid in food beverage products, volatility in raw material prices, and intense competition from other acidulants pose challenges to the growth of the market.
The COVID-19 pandemic had a mixed impact on the Food Grade Acetic Acid Market. While the demand for acetic acid increased in the food beverage industry due to increased home cooking, the overall market growth was hindered by supply chain disruptions and economic slowdown.
Expansion into emerging markets, development of innovative applications in the pharmaceutical and chemical industries, and increasing demand for sustainable and eco-friendly products present significant opportunities for the growth of the market.
The growing population, rising disposable income, changing dietary habits, and increasing demand for processed and packaged food products are the key factors driving the growth of the Food Grade Acetic Acid Market.
