Food Acidulants Market Trends, Demand, Scope, Growth Analysis and Industry Forecast To 2030
According to Market Research Future (MRFR), The global food acidulants market is projected to be valued at USD 7230.5 million with a 4.50% CAGR from 2020 to 2027 (forecast period).
Food acidulants are used as an additive in the food and beverage production
process as they give a sharp or tart taste to food products and beverages. Food
acidulants are also used as preservatives to extend the shelf life of the food.
Food acidulants are used to measure the pH level and to help regulate the
proper proportion of the flavor and color of food and beverage.
Market Dynamics
The global market for food acidulants is predicted to be powered by many
factors. Food acidulants are primarily used in the production process of many
carbonated drinks. Rising customer demand for different beverages and soft
drinks is expected to fuel the global market growth for food acidulants during
the forecast period. Mainly lactic acid is used in processed meat products to
increase the shelf life of the products and to enhance the water-binding
capacity of meat products.
Moreover, the market for food acidulants has a huge potential due to its
range of applications and increasing consumer demand. Food acidulants are
commonly used in the food and beverage industry due to their different
properties. This serves as a flavoring agent, a preservative, and an additive
where the preservative properties improve the shelf life and perishable food
items/drinks. In addition, factors such as improved taste, enhanced taste, and
longer shelf life play a significant role in increasing demand for the food
acidulant market.
Market Segmentation
The global Food Acidulants Market Trends
has been segmented based on product type and application.
Based on product type, the global market for food acidulants has been
segmented into citric acid, lactic acid, malic acid, sorbic acid, acetic acid,
and others.
Based on application, the global market for food acidulants has been
segmented into bakery & confectionery, sauces & dressings, dairy &
frozen desserts, beverages, soups, sweet & savory snacks, and others.
Regional Analysis
Region-wise, the global market for food acidulants has been segmented
into North America, Europe, Asia Pacific, and the rest of the world.
It is estimated that Europe will remain dominant throughout the forecast
period 2019-2024, both in terms of value and volume. The growth of the food
acidulants market in European countries is expected to be driven by several
factors. Increased consumption of bakery products by consumers in European
countries is one of the main factors in the increasing growth of food
acidulants. Due to increasingly busy lifestyles, consumers are more likely to
processed foods, which, in effect, will boost the growth of the food acidulants
market during the forecast period. Germany and Italy are the leading
manufacturers of bakery & confectionery products in the European region.
The Food Acidulants Market Share
of these countries is also extremely high in these nations.
The Asia Pacific is expected to have a maximum growth rate during the
forecast period. In the Asia Pacific, China is estimated to remain dominant
throughout the forecast period 2019-2024. The production of food acidulants is
high in China, and the market for food acidulants is highly fragmented in China
due to the presence of several local and unorganized players.
Key Players
Some of the leading participants in the global food acidulants market
are FBC Industries, Inc. (US), Batory Foods, Inc. (US), Tate & Lyle PLC
(UK), Fuerst Day Lawson (UK), Suntran (China), Archer Daniels Midland Company
(US), Cargill Incorporated (US), Corbion Purac N.V.(Netherlands), RP
International Limited (China), Nanjing Xiangshengtai Industry Co., Ltd (China),
Global Specialty Ingredients (Malaysia), Hawkins Watts (New Zealand), Univar
Solutions (US).
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private
Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of
America
Comments
Post a Comment