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.
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 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.
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