April 08, 2020
According to the research report titled ‘Food Acidulants Market, By Product, By Application Regional Outlook Price Trend, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global food acidulants market is expected to cross USD 7 billion by the year 2025.
Rising adoption of healthy lifestyle has enhanced the demand for organic dietary products, which in turn is driving the food acidulants market growth. Organic acids are extensively used for manufacturing dietary consumables since they help in preservation while improving the stability as well as maintaining the pH level of the food product. Favorable FDA regulations pertaining to clean label products along with increasing awareness regarding the applications of food acidulants is further aiding the market expansion.
Acidulants aids manufacturers to enhance the shelf life of the food product, hence minimizing wastage and loss. This factor along with increasing complexities associated with cold storage such as inconsistent power supply, insufficient infrastructure and high operating costs are fostering the demand for food acidulants.
As per product type, phosphoric acidulants market segment is expected to surpass USD 90 million by the year 2025. Widespread usage of phosphoric acidulants in jams & jellies, vegetable oils, salad dressings and cola beverages is contributing towards popularity of the product. However, toxic residues released during phosphoric acid manufacturing may have adverse effects on human health such as respiratory disorders, eye and skin irritation. Rising concerns regarding worker safety may hinder the overall market growth.
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The report states that acetic acid market segment in Italy is predicted to grow with a CAGR of 5.5% between 2019 and 2025. Acetic acid is extensively used for manufacturing processed tomato products due its microbial control and flavoring characteristics. Increasing export of peeled tomatoes, pulps and sauces is facilitating the business scenario in Italy.
Based on the application spectrum, food acidulants market share from bakery & confectionary application is presumed to multiply with a CAGR of 4% through 2025. The product is used to add aromatic flavor to the confectionary products. Growing demand for sugar-free confectionary products owing to increased pervasiveness of heart disorders, diabetes and obesity is fueling the segmental growth.
The prominent companies operating in food acidulants market are Tate & Lyle, Aditya Birla Chemicals, FBC Industries Inc., Weifang Ensign Industry Co. Ltd., Suntran, Niche Trading N.V., Isegen South Africa (Pty) Ltd., Bartek Ingredients Inc., Jungbunzlauer Suisse AG, Cargill Inc., Global Specialty Ingredients, Nanjing Xiangshengtai Industry Co. Ltd., RP International Ltd., Archer Daniels Midland Co. and Corbion Purac N.V.
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