DUBLIN--(BUSINESS WIRE)--The "Global
Food Acidulants Market - Segmented by Type, Source, Application and
Geography (2018 - 2023)" report has been added to ResearchAndMarkets.com's
The global food acidulants market is projected to reach a value of USD 6.7 billion by 2023, registering a CAGR of around 7.7%.
The growing processed food & beverages market and their rising rate of consumption by the burgeoning middle-class population are the factors driving the global food acidulants market. Other factors, like supply-chain complexities, like the lack of cold storage chains, and growing consumer demand for nutritional food products, are driving the market growth.
The food acidulants market has been segmented on the basis of type, which include citric acid, phosphoric acid, and lactic acid, among others. The citric acid segment dominates the acidulants market, followed by phosphoric acid segment. The major applications of acidulants are seen in non-alcoholic beverages and soft drinks. Beverages are the largest segment for acidulants, followed by seasonings, condiments sauces, and processed food products.
In 2016, Asia-Pacific led the food acidulants market with a share of over 32%, which is projected to reach a value of USD 2.4 billion by 2023, at a CAGR of about 8.9%. The South American and African markets are projected to register a CAGR of about 8% during 2018-2023. In terms of size, Asia-Pacific, followed by North America and Europe, leads the market. China is one of the largest players in the food acidulants business. The United States is the largest market in North America, while Germany in the European region.
Archer Daniels Midland
- Cargill Inc
- Fbc Industries Inc
- Hawkins Watts Ltd
- Isegen South Africa Ltd
- Jungbunzlauer Ag
- Merko Group Llc
- Parry Enterprises India
- Purac Biochem
- Tate & Lyle
- Weifang Ensign Industry Co. Ltd.
Key Topics Covered:
2. Research Approach and Methodology
3. Key Findings
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/5lnrgt/global_food?w=4