Food Acidulants Market to Garner Healthy Revenues
Food acidulants are natural or synthetic compounds, which help to give a sharp taste to food products. The use of food acidulants is widespread in beverages and other convenience products. Market Research Future (MRFR) has published a report on the global food acidulant market, covering the essential accruals of the market. After thorough analysis, MRFR has projected a healthy CAGR over the forecast period of 2020-2030.
Food acidulants are food additives and aid in the preservation of flavors, taste, and other olfactory properties in food. They form an essential component of various convenience food products since they act as preservatives and prevent spoilage from bacteria, yeast, fungi, and air. Acetic acid, malic acid, phosphoric acid, citric acid, and lactic are some of the most commonly used food acidulants. The food acidulants market is primarily driven by the growing consumption of packaged food products and surge in the level of awareness regarding the value-added benefits aligned with food acidulants. Other crucial determinants of the market growth include expansion of the food beverage industry, surging demand for packaged food products, and rise in disposable income on a global level.
Food acidulants experience high demand from the beverage industry as they help to create more nuanced and unique sensory and flavor profiles in beverages. Beverages made with real fruit juice generally lose their flavors because some of the acids in the juice are lost during the processing and pulp removal. Thus, addition of food acidulants becomes necessary. Additionally, consumers across the globe are embracing more sour flavors in order to cut down on their sugar consumption. Moreover, food acidulants, in some products, acts as a complementary credential to sweet profiles.
On the other hand, the growth of the Food Acidulants Market Outlook might be hindered by the toxicity caused by these products.
Segmentation
The global food acidulants market has been segmented based on type, function, and application.
By type, the food acidulants market has been segmented into acetic acid, citric acid, lactic acid, phosphoric acid, malic acid, and others. Type-wise, the citric acid segment is dominating the global market.
By function, the food acidulants market has been segmented into acidity regulator, antimicrobial, flavor enhancer, preservative, and others. Function-wise, the preservative segment is leading the market.
By application, the food acidulants market has been segmented into beverages, bakery confectionery, dairy frozen desserts, oils and fats, meat poultry, and others. The beverages segment accounts for the largest share of the market.
Regional Analysis
Region-wise, the Food Acidulants Market Insights has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
APAC, followed by North America, is dominating the global food acidulants market. The use of acidulants is highly prevalent in China. Growing demand for convenience and packaged food products and increasing awareness regarding the benefits of using food acidulants is boosting the growth of the market.
North America market is driven by the burgeoning growth of the FB industry in the region, high demand for convenience food products, and high disposable income of consumers. The US, Canada, and Mexico are the key contributors to the North America market.
According to the MRFR reports, the global Food Acidulants Market Size is likely to attain a over USD 7230.5 million by the end of 2030 while flourishing at a healthy CAGR of over 4.50% during the forecasted era.
Competitive Landscape
Tate Lyle Plc. (U.K), Univar Inc. (U.S.), Jungbunzlauer Suisse AG (Switzerland), Purac Biochem BV (the Netherlands), Brenntag AG (Germany), Cargill Inc. (U.S.), Bartek Ingredients Inc. (Canada), Parchem Trading Ltd. (U.S.), Caremoli S.p.A (Italy), and Archer-Daniels-Midland Company (U.S.) are the key players in the food acidulants market.
Industry Updates
August 2019 - Bartek, a leading producer of malic acid and food-grade fumaric acid, expanded its capacity to mark their 50th anniversary. The company is updating its offices and labs in order to introduce new products and packages.
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