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

Australia Food Acidulants Market is segmented by Type (Citric Acid, Phosphoric Acid, Lactic Acid, and Other Types) and Application (Beverages, Dairy and Frozen Products, Bakery, Meat Industry, Confectionery, and Other Applications).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

3.61 %

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Market Overview

Australia food acidulants market is projected to grow at a CAGR of 3.61% during the forecast period (2020 - 2025).

  • Australia food acidulants market is driven by the growing processed food and beverage market and their consumption by the burgeoning middle-class population. Chinese players, especially in citric acid, pose a high threat for Western players and hence, regulatory checks on imports to create perfect competition like the environment are still in the nascent stages in several countries.
  • The key potential this industry sees is in the form of manufacturers adopting technologies to improve their production processes to meet the capacity requirements.

Scope of the report

The market is segmented based on type which includes Citric acid, phosphoric acid, and lactic acid among others. Citric acid dominates the Acidulants market, followed by phosphoric acid. The major applications of Acidulants include beverages, dairy and frozen products, bakery, meat industry, confectionery, and other applications.

Type
Citric Acid
Phosphoric Acid
Lactic Acid
Other Types
Application
Beverages
Dairy and Frozen Products
Bakery
Meat Industry
Confectionery
Other Applications

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Key Market Trends

Phosphoric Acid Poses Great Potential in the Market

Phosphoric Acid 85% Food Grade Orthophosphoric FCC Additive Aqueous Solution is frequently used in Australian beverages, such as various colas and jams. The FCC grade meets the requirements of the Food Chemical Codex that indicates that it is suitable for all the food, beverage, and nutritional supplement applications. Food-grade phosphoric acid is used to acidify foods and beverages, such as various soft drinks and jams. Pure food-grade acid is used as an additive in food sauces, mayonnaise, and fruit juices and in the manufacturing of cottage and processed cheese, fats, and shortenings. It is also used in the manufacturing of cottage and processed cheese, fats, and shortenings.

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Beverages Held the Largest Market Share

Acidulants are used to prevent the growth of bacteria and fungi in these sugary drinks, making the application the largest consumer of food-grade acidulants. Citric acid owing to its natural and abundant occurrence has been used extensively in the beverage industry to infuse its tangy taste in the drink. However, many leading beverage companies across the world are now replacing citric acid with phosphoric acid in their product compositions, portraying an optimistic market for the ingredient. For instance, Coca-Cola incorporates phosphoric acid, which is used in its certain sparkling beverages to add tartness to the beverage.

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Competitive Landscape

The market for food-grade acidulants in Australia is fragmented, owing to the presence of numerous global and regional players, such as Tate & Lyle, Archer Daniels Midland Company, and Cargill, Incorporated. The market has a strong presence of players, especially from the Asia-Pacific region, with China and India, holding prominent shares.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Citric Acid

      2. 5.1.2 Phosphoric Acid

      3. 5.1.3 Lactic Acid

      4. 5.1.4 Other Types

    2. 5.2 Application

      1. 5.2.1 Beverages

      2. 5.2.2 Dairy and Frozen Products

      3. 5.2.3 Bakery

      4. 5.2.4 Meat Industry

      5. 5.2.5 Confectionery

      6. 5.2.6 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Position Analysis

    2. 6.2 Most Adopted Strategies

    3. 6.3 Company Profiles

      1. 6.3.1 Tate & Lyle

      2. 6.3.2 Archer Daniels Midland Company

      3. 6.3.3 Cargill, Incorporated

      4. 6.3.4 Corbion N.V.

      5. 6.3.5 Sinca Industries Australasia Pty Ltd

      6. 6.3.6 Merck KGaA

      7. 6.3.7 Blants Australia

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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