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Europe Food Acidulants Market is segmented by Type (Natural emulsifiers, Synthetic emulsifiers, and Others); By Application (Meat and Poultry, Dairy, Beverages, Bakery and Confectionery, and Others), and by Geography
Europe food acidulants market is anticipated to witness a CAGR of 5.42% during the forecast period (2020 - 2025).
Europe food acidulants market is segmented by type into citric acid, phosphoric acid, lactic acid, and others. Based on the application, the market is segmented by use in beverages, bakery, dairy, meat, confectionery, and other applications. The market is also classified into various country markets namely, the United Kingdom, France, Germany, Spain, Italy, Russia, and the Rest of Europe.
|Rest of Europe|
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With the spread of knowledge and advancement in technology, European food companies are skillful in developing new products. In the modern trend, the Europeans are leaning towards healthy foods involving functional products such as prepared foods as convenient and healthy alternatives to suit their busy lifestyles. Europe is a major market for food ingredients and additives in prepared foods. Ready-to-eat meals are very popular in the region as product innovation is tailoring them to European tastes. The new products being developed represent a progressively growing market segment which is gaining popularity due to the increase in the number of working women in the region. Moreover, the parents are buying healthier for the kids that make use of citric acid as a preservative.
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The advancement in the beverage industry dedicated to health-oriented consumers with the development of low-calorie, organic products are gaining a large number of consumer base supplementing the growth of additives market including food acidulants. Witnessing the beverage potential in Germany, many giant manufacturers are introducing specific acidulants used in the industry to the country. The beverage sector is a key pillar in Germany, and a major portion of agrarian products in Germany are processed by the industry to high-quality drinks. These German drinks are widely exported to different parts of the world. There is a high demand among German food and pharma manufacturers for citric acid, due to its low toxicity. Abiding by the regulations in the country, the beverage manufacturers in Germany use citric acid for the targeted acid enrichment of wines and basic champagne wines.
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The Europe Food Acidulants Market is fragmented with the presence of several global as well as domestic players. The major opportunity for the players to grab the market is by launching innovative solutions to cater to the inflated demand for processed foods, especially snacks and ready-to-eat meals. The versatility and the cost of acidulants also play a major role in laying a heavy brand foundation. The global players have a strong hand due to their brand image and are, therefore, indulging in mergers, acquisitions, and partnerships with the local food industries to capture the country market. Moreover, rapid industrialization is also leading to the setup of many new industries that further promote the market.
1.1 Study Deliverables & Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Citric acid
5.1.2 Phosphoric acid
5.1.3 Lactic acid
5.2 By Application
5.3 By Geography
5.3.1 United Kingdom
5.3.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Cargill Inc.
6.3.2 Brenntag Holding GmbH
6.3.3 Tate & Lyle plc
6.3.4 Archer Daniels Midland Company
6.3.5 Jungbunzlauer Ladenburg GmbH
6.3.6 Corbion NV
6.3.7 Merck KGaA
6.3.8 Univar Solutions Inc.
6.3.9 Ensign Holding Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability