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 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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