China Food Acidulants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Food Acidulants Market Analysis
The China food acidulants market is projected to grow at a CAGR of 4.4% during the forecast period 2020 - 2025.
- The market is majorly driven by the wide scope of its application in most of the food and beverage industries such as bakery, confectionery, dairy, meat industry, and beverage industries, coupled with the range of functional benefits that help to preserve food for a prolonged period of time. It is also used as a flavoring agent, chelating agent, buffer, gelling agent and coagulating agent, thus boosting its usage in the food and beverage sector. Furthermore, increasing convenience food product demand is likely to have a noticeable impact on the growth of the food acidulants market in China over the forecast period. Thus, in addition to the launch of new processed foods increases, the opportunities for the acidulants market in the country also increases.
- However, factors such as the overdosage of phosphoric acid that has the potential to contribute to the formation of kidney stones, especially in those who have had kidney stones previously, are restraining the growth of the market.
China Food Acidulants Market Trends
This section covers the major market trends shaping the China Food Acidulants Market according to our research experts:
Rising Demand for Food Grade Phosphoric Acid as Acidulant in Food & Beverage Industries
Phosphoric acid has extensive applications in the food and beverage industry due to its functional benefits. The food-grade phosphoric acid acts as an acidity regulator in foods like jams, cereal bars, processed meats, cheese, etc. Also, the phosphoric acid (especially the 85%-grade phosphoric acid) has extensive applications in the alcoholic beverage industry. It is often added in carbonated drinks to give a sharper and tangy taste, along with slowing down the growths of molds and bacteria in sugar formula. Thus, leading beverage companies across the world have been extensively using phosphoric acid in their product compositions nowadays. For instance, Coca-Cola incorporates phosphoric acid which is used in its certain sparkling beverages to add tartness to the beverage.
Acquisitive Demand of Acidulant in Dairy Industries
The use of acidulants in the dairy industry has been witnessed with significant growth in the last decade owing to its functioning to controls the acidity or alkalinity of dairy products. It also has various added benefits, as it can act as a preservative, flavoring agent, and gelling or coagulating agent which makes it a preferred alternative among all acidulants present in the market. Furthermore, the addition of acidulants, such as citric acid, in the manufacturing of dairy-based products help in reducing the fermentation time, while maintaining desirable sensory and physicochemical properties.
China Food Acidulants Industry Overview
The China food acidulant market is consolidated in nature owing to the presence of comparatively less number of regional and domestic players. However, the emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the county's market include Tate & Lyle PLC, ADM Group, Corbion NV, Galactic SA/NV, and COFCO, among others.
China Food Acidulants Market Leaders
Tate & Lyle PLC
Corbion NV
Galactic SA/NV
COFCO
Henan Jindan Lactic Acid Technology Co., Ltd
Archer Daniels Midland Company
*Disclaimer: Major Players sorted in no particular order
China Food Acidulants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables and Study Assumptions
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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 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 By Type
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5.1.1 Citric Acid
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5.1.2 Lactic Acid
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5.1.3 Acetic Acid
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5.1.4 Others
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5.2 By Application
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5.2.1 Beverages
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5.2.2 Dairy
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5.2.3 Bakery
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5.2.4 Confectionery
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5.2.5 Meat Industry
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5.2.6 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Tate & Lyle PLC
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6.3.2 Archer Daniels Midland Company
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6.3.3 Corbion NV
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6.3.4 Galactic SA/NV
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6.3.5 COFCO
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6.3.6 Henan Jindan Lactic Acid Technology Co., Ltd
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6.3.7 Huangshi Xinghua Biochemical Co.Ltd.
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6.3.8 Niran BioChemical Limited
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6.3.9 TTCA Co., Ltd.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
China Food Acidulants Industry Segmentation
The China food acidulants market has been segmented by type and application. By type, the market is segmented into citric acid, phosphoric acid, lactic acid, acetic acid, malic acid; and by application into beverages, dairy & frozen products, bakery, meat industry, confectionery, and others.
| By Type | |
| Citric Acid | |
| Lactic Acid | |
| Acetic Acid | |
| Others |
| By Application | |
| Beverages | |
| Dairy | |
| Bakery | |
| Confectionery | |
| Meat Industry | |
| Others |
China Food Acidulants Market Research FAQs
What is the current China Food Acidulants Market size?
The China Food Acidulants Market is projected to register a CAGR of 4.40% during the forecast period (2024-2029)
Who are the key players in China Food Acidulants Market?
Tate & Lyle PLC, Corbion NV, Galactic SA/NV, COFCO , Henan Jindan Lactic Acid Technology Co., Ltd and Archer Daniels Midland Company are the major companies operating in the China Food Acidulants Market.
What years does this China Food Acidulants Market cover?
The report covers the China Food Acidulants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Food Acidulants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Food Acidulants Industry Report
Statistics for the 2024 China Food Acidulants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China 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.
