Market Size of North America Food Acidulants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.81 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Food Acidulants Market Analysis
The North America food acidulants market is projected to record a CAGR of 5.81% during the forecast period (2020-2025).
- The North American food acidulant market is driven by the growing demand for processed food & beverage market and their consumption by the burgeoning middle-class population. Other factors like supply chain complexities, lack of cold storage chains, and also consumer demand for nutrition, have enabled food products to drive the market.
- A wide scope of application in the food and beverage industry coupled with the range of functional benefits provided by food acidulants are key factors driving the food acidulants market in the region.
- The market finds restraints in the form of huge competition in pricing, due to a large number of suppliers in the market. China-based players, especially in the citric acid segment, pose a high threat to western players present across the North American region.
