Acidulants Market Worth $5,297.9 Million by 2018
DALLAS, April 2, 2013 /PRNewswire/ --
The report "Acidulants Market by Types (Citric acid, Phosphoric acid, Acetic acid, Malic acid, Lactic acid), Applications (Beverages, Sauces, dressings and condiments, Processed foods, Bakery and confectionary), and Geography (North America, Europe, Asia-Pacific, and ROW): Global Trends and Forecasts up to 2018" defines and segments the food acidulants market with analysis and forecasting of the global market size both in terms of revenue and volume for acidulants. It also identifies driving and restraining factors for the market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and revenue is forecasted based on major regions such as North America, Europe, Asia-Pacific (APAC), and Rest of the World (ROW).
- 127 market data tables
- 32 figures
- 256 pages and an in-depth Table of Content on Acidulants Market
Early buyers will receive 10% customization on this report.
Acidulants are high value ingredients used in food & beverage industry as an important additive. These form one of the fastest growing markets in food additives segment. Food acidulants regulate the acidity of the finished food product by stabilizing the pH level of the food product. These also act as a gelling agent, adds flavor in certain confectionery items, acts as a preservatives and as a taste modifier in certain beverages. Food acidulant imparts a tart or sharp taste to the food product. Acids are an integral part of fruit and vegetables. In other words, acids exist naturally in several fruit and vegetables such as oranges, lemons, apples, tomatoes, strawberries, etc . Acidulants can either be extracted from natural sources or can also be produced synthetically.
In this report, food acidulants market is divided into four regions - North America, Europe, APAC, and ROW. APAC region constitutes the largest market for food acidulants with China emerging as the leading consumer country within this industry. North America is at second position, where U.S. leads the consumption of food acidulants. APAC is expected to be the fastest growing market, followed by Rest of the World. Brazil, South Africa, India, Argentina, and Mexico are some of the emerging markets for food acidulants. Increasing demand for processed foods and health conscious products is significantly propelling growth in food & beverage industry, which in-turn is driving growth of the acidulants market at a steady rate. Citric acid dominates the acidulants market, followed by phosphoric acid. Consumption of these is mainly driven by use in non-alcoholic beverages and soft drinks. Beverages are the largest segment for acidulants. Sauces, dressings, and condiments are the second largest application for food acidulants. Processed food forms the third largest segment for acidulants.
A fierce competition provided by Chinese players, especially in citric acid, poses a high threat for Western players. A regulatory check on the imports, which is now implemented by various countries, can somehow create a healthy market for the acidulants manufacturers across the globe.
The global acidulants market is projected to reach $5,297.9 million by 2018, growing at a CAGR of 7.7%. Asia-Pacific led the market with 33% share in 2012 and is expected to reach $1,854.3 million by 2018. This region has fastest projected growth, with a CAGR of 9.0% followed by ROW which is expected to witness the second fastest growth with a CAGR of 8.1% during the period under review. The increasing level of disposable income of the Asian middle class population drives the demand for food acidulants and its end use markets forward.
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