Asia Pacific Food Acidulants Market - Growth, Trends and Forecast (2020 - 2025)

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Market Insights

Food Acidulants are one of the major food additives used in the food & beverage industry and are one of the fastest growing segments. The main function of the acidulants is to stabilize the pH level of the food product and preserve the product’s shelf life. Additionally, they function as gelling agents, flavor enhancers in confectionary products, and improve the taste in beverages. The Asia-Pacific food acidulant market is projected to reach USD 2,025.693 million by 2022.

Processed Meal & Liquid Industry Growth likely to Drive the Food Additive Market

The Asia-Pacific food acidulants market is driven by the growing demand for processed meals and liquid foods, along with consumer demand for nutritious food. However, huge competition regarding the pricing, due to large number of suppliers, is restraining the market. Chinese players hold a strong position in the Asia-Pacific market, particularly for citric acid. The industry sees key potential in the form of manufacturers adopting technologies to improve their production processes, to meet capacity requirements of the food acidulants market.

Market Segmentation

The market is segmented, based on type, which include citric acid, phosphoric acid, and lactic acid, among others. The citric acid segment dominates the food acidulant market, followed by phosphoric acid segment. The major applications of food acidulants are seen in non-alcoholic beverages and soft drinks. Beverage is the largest segment for food acidulants, followed by seasoning, condiments sauce, and processed food product segments.

Regional analysis

Asia-Pacific is the largest food acidulant market. China is one of the largest players in the food acidulant business, followed by the United States and India. The key reason for the high market in the Asia-Pacific region for food acidulant, is due to the developing economic conditions in the region, resulting in an increase in the consumer preference for convenience foods. Food acidulants mostly act as preservatives in foods. China and India account for the majority of the share of food acidulants in the region.

Competitive landscape

Some of the players who have been profiled in the Asia-Pacific food acidulant markets are, ADM, Brenntag, Cargill, and Tate & Lyle, among others. Manufacturers are adopting innovative technologies to increase their profit margins in the market.

Report on the Asia-Pacific Food Acidulant Market Covers the Following:

  • Market, Trends, and Dynamics
  • Latest News and Developments
  • Porter’s Five Forces Analysis
  • Investment Scope
  • Deep-dive Insights

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