DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/hndcxl/china_food) has announced the addition of the "China Food Acidulants Market-Growth, Trends And Forecast (2015-2020)" report to their offering.
The global Acidulants market is projected to reach $6134 million by 2020, growing at a CAGR of 7.6%. China is the dominating market in Asia pacific region accounts a major share in the global market.
The Global food acidulants market is driven by growing processed food and beverages market and their consumption by the burgeoning middle class population. Other factors like supply chain complexities like lack of cold storage chains and also consumer demand for nutrition enabled food products seem to drive the market. The market finds restrains in the form of huge competition in pricing due large number of suppliers in the market. The key potential this industry sees is in the form of manufacturers adopting technologies to improve their production processes to meet the capacity requirements.
In 2013, Asia pacific led the food acidulants markets with a market share of more than 32% and is projected to reach US $2110 million by 2020 with a CAGR of 8.8%. The key reason for such high in Asia pacific countries is the burgeoning middle class. In terms of market size Asia pacific leads followed by North America and Europe. China is one of the largest players in food acidulant business followed by US.
The market is segmented based on type which include Citric acid, phosphoric acid, and lactic acid among others. Citric acid dominates the Acidulants market, followed by phosphoric acid. The major applications of Acidulants is seen in non-alcoholic beverages and soft drinks. Beverages are the largest segment for Acidulants followed by seasonings, condiments sauces and Processed food products.
Key Topics Covered
- Key Findings
- Market Overview & Dynamics
- Market Segmentation by Type
- Competitive Landscape Overview
- Company Profiles
- Archer Daniels Midland (ADM)
Isegen South Africa (Pty)
- Parry Enterprises India
- Purac Biochem
- Tate & Lyle
Weifang Ensign Industry
For more information visit http://www.researchandmarkets.com/research/hndcxl/china_food