Food Acidulants Market Analysis, Share, Global Industry Trends, Demand and Regional Forecast till 2027
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 Food Acidulants Market Analysis 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.
Key
Players
Some of
the leading participants in the global Food Acidulants Market Analysis 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).
Market Segmentation:
The global market for food acidulants 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.
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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 Analysis 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 Analysis during the forecast period.
Germany and Italy are the leading manufacturers of bakery & confectionery
products in the European region. The 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.
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.
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