Market Size of China Food Acidulants Industry
| 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.
