Food Acidulants Market Size, Share, Growth, Top Key Players Update and CAGR of 7.6% by Forecast to 2023

Market Overview:

Food acidulants are food additives, used to preserve the flavor, maintain the taste as well as other olfactory properties. Food acidulants serve an essential role in the manufacturing of packaged and convenience food.  Also, it helps in reducing spoilage from air, bacteria, fungi, and yeast which in-turn increases the product shelf-life. Commonly used food acidulants in the foods & beverages industry are acetic acid, citric acid, lactic acid, phosphoric acid, and malic acid.

Increasing application of food acidulants mainly for acidity regulations to give sourness to the food products is driving the demand of food accidulants from beverages industry. Increased demand for preservatives in foods and beverages industry especially from developing countries is supporting the market growth. Additionally, growing concern about the use of acidulants in food products to get several health benefits such as pH control, acidity regulation, preservation of olfactory properties, and others are expected to influence the growth of the global food acidulants market. Increased awareness about the food acidulants is creating new opportunities for key players to expanding their product line. Though, poisonousness caused by the consumption of artificial acidulants found in food products may hinder the market growth during upcoming years. 

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Latest Industry Updates:

Aug 2017 In order to support the rising demand for natural sweeteners from the consumers’ end, Coca-Cola announced their interest in investments in all-natural low- or no-calorie sugar alternatives. The innovation through HeroX crowdsourcing platform will help the company in expanding and strengthening their business portfolio.

May 2017 Whole Earth Sweetener Company, launched their new stevia range in the U.K. The company’s strategy is to suffice the rising demand for natural sugars based on escalating health consciousness among the consumers.

Mar 2017 Encouraging manufacturers to enter into production of natural sweeteners as a potential food additive, ED&F Man and Unavoo launched natural sweetener breakthrough that cuts sugar by 100%. The product claims to have high potential as sugar replacer.

Jul 2016 Food color is considered to be one of the vital food additives which adds to the organoleptic properties of the food product, Sentient launched yellow and orange food colors to broaden their food color range.

Major Key Players Analysis:

Key players are focusing on new product development in order to improve the customer base. Apart from that, the key manufacturers are doing partnership with various research institutes to develop more products to fulfill increasing market demand.

The key players profiled in Global Food Acidulants Market Report are Univar Inc. (U.S.), Cargill Inc. (U.S.), Brenntag AG (Germany), Archer-Daniels-Midland Company (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), and Bartek Ingredients Inc. (Canada) among many others.

Industry Segments:

The global food acidulants market has been divided into type, function, application and region.

On The Basis of Type: acetic acid, citric acid, lactic acid, and malic acid

On The Basis of Function: acidity regulator, antimicrobial, and anti-oxidant

On The Basis of Application: Beverages, Bakery & confectionery, Dairy & frozen desserts, and Otehrs

On The Basis of Region: North America, Europe, Asia Pacific, and ROW.

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Regional Analysis:

Food Acidulants Market is segmented into Europe, Asia Pacific, North America and rest of the world (RoW). Asia Pacific region holds major market share in the food acidulants market followed by North America. China, one of the major market in Asia Pacific region accounted for higher consumption of food acidulants due to growing application of food acidulants in food & beverage products. Also, consumption of healthy products with improved shelf-life in food & beverages is the major driving factor across the globe. Moreover, growing demand for food acidulants in convenience food products especially in the European countries like the U.S, U.K., Canada, and Germany are likely to boost the growth of the food acidulants market during the forecast period. 

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This release was published on openPR.