Australia Food Acidulants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.61 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia Food Acidulants Market Analysis
The Australian food acidulants market is projected to register a CAGR of 3.61% during the forecast period (2020 - 2025).
- The Australian 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 the Western players, and hence, regulatory checks on imports to create perfect competition 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.
Australia Food Acidulants Market Trends
This section covers the major market trends shaping the Australia Food Acidulants Market according to our research experts:
Phosphoric Acid Poses Great Potential in the Market
Phosphoric Acid 85% Food Grade Orthophosphoric FCC Additive Aqueous Solution is frequently used in Australian products, 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.
Beverages Held the Largest Market Share
Acidulants are used to prevent the growth of bacteria and fungi in the sugary drinks, making the beverages segment 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.
Australia Food Acidulants Industry Overview
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.
Australia Food Acidulants Market Leaders
Tate & Lyle
Archer Daniels Midland Company
Cargill, Incorporated
Corbion N.V.
*Disclaimer: Major Players sorted in no particular order
Australia Food Acidulants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Citric Acid
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5.1.2 Phosphoric Acid
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5.1.3 Lactic Acid
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5.1.4 Other Types
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5.2 Application
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5.2.1 Beverages
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5.2.2 Dairy and Frozen Products
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5.2.3 Bakery
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5.2.4 Meat Industry
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5.2.5 Confectionery
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5.2.6 Other Applications
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6. COMPETITIVE LANDSCAPE
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6.1 Market Position Analysis
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6.2 Most Adopted Strategies
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6.3 Company Profiles
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6.3.1 Tate & Lyle
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6.3.2 Archer Daniels Midland Company
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6.3.3 Cargill Incorporated
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6.3.4 Corbion NV
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6.3.5 Sinca Industries Australasia Pty Ltd
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6.3.6 Merck KGaA
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6.3.7 Blants Australia
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Australia Food Acidulants Industry Segmentation
The market studied is segmented by type into citric acid, phosphoric acid, lactic acid, and other types. The citric acid segment 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 |
Australia Food Acidulants Market Research FAQs
What is the current Australia Food Acidulants Market size?
The Australia Food Acidulants Market is projected to register a CAGR of 3.61% during the forecast period (2024-2029)
Who are the key players in Australia Food Acidulants Market?
Tate & Lyle , Archer Daniels Midland Company , Cargill, Incorporated and Corbion N.V. are the major companies operating in the Australia Food Acidulants Market.
What years does this Australia Food Acidulants Market cover?
The report covers the Australia Food Acidulants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Australia Food Acidulants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Australia Food Acidulants Industry Report
Statistics for the 2024 Australia Food Acidulants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Australia Food Acidulants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
