Market Overview:
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.
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Market Forecast:
The 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
2017-2023.
Downstream analysis
The Food
Acidulants Market Size 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.
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