Market Insight
Global Food Acidulants Market is increasing due to increased demand for preservatives in foods and beverages industry. Furthermore, increasing awareness regarding the use of acidulants in food products for various benefits such as pH control, acidity regulation, preservation of olfactory properties, and others are likely to boost the growth of the global food acidulants market.
Increased awareness about the food acidulants has raised the bar for quality of food, which, in turn, has increased the market share of food acidulants globally. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has boosted the share of food acidulants in the global market. However, toxicity caused by the consumption of synthetic acidulants present the in-food products may hamper the market growth over the review period. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 7.6% of food acidulants market during the forecast period 2017-2024.
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Food acidulants are either synthetic or natural compounds which are primarily added to food products to restrict food spoilage. They are used to preserve flavor, taste, and other food qualities. Also, food acidulants help in increasing the products shelf-life. It is added to the food products in small quantities as an additive. Food acidulants are experiencing a hefty demand from the beverages industry owing to its multiple uses such as regulation of acidity, which provides sourness to the food products.
Competitive Analysis
The major players in Food Acidulants Market Cargill Inc. (U.S.), Brenntag AG (Germany), Archer-Daniels-Midland Company (U.S.), Univar Inc. (U.S.), Tate & Lyle Plc. (U.K), Parchem Trading Ltd. (U.S.), Purac Biochem BV (the Netherlands), Caremoli S.p.A (Italy). Jungbunzlauer Suisse AG (Switzerland) and Bartek Ingredients Inc. (Canada)
Downstream Analysis
Global Food Acidulants Market is segmented into type, function, and application.
By the type, it is segmented into acetic acid, citric acid, lactic acid, phosphoric acid, malic acid, and others. Among all, citric acid segment holds the major market share.
By the function, it is segmented into acidity regulator, antimicrobial, flavor enhancer, preservative, and others. Among all, the preservative segment is dominating in the market.
By application, it is segmented into beverages, bakery & confectionery, dairy & frozen desserts, oils and fats, meat & poultry, and others. Among all, beverages segment is dominating the market.
Regional Analysis
The global food acidulants market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the food acidulants market followed by North America. China accounted for higher consumption of food acidulants owing to increasing consumption of food acidulants in food & beverage products. Additionally, consumption of healthy products with enhanced shelf-life in food & beverages is considered to be the key driving factor in this region.
Furthermore, increasing demand for food acidulants in convenience food products in the European countries like the U.S, Canada, and Mexico are likely to boost the growth of the food acidulants market during the assessment period.
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