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
2017-2023.
Food Acidulants Market Analysis
Downstream
analysis
The
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.
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)
- Bartek Ingredients Inc.
(Canada)
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.
Complete
Report Details @ https://www.marketresearchfuture.com/reports/food-acidulants-market-5472
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