DUBLIN, June 09, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/ddnplz/global_food) has announced the addition of the "Global Food Acidulants Market-Growth, Trends And Forecast (2015-2020)" report to their offering.
The global Acidulants market is projected to reach $6134 million by 2020, growing at a CAGR of 7.6%.
The Global food acidulants market is driven by growing processed food and beverages market and their consumption by the burgeoning middle class population. Other factors like supply chain complexities like lack of cold storage chains and also consumer demand for nutrition anabled food products seem to drive the market. The market finds restrains in the form of huge competition in pricing due large number of suppliers in the market. Regulatory checks on imports to create perfect competition like environment is still in the nascent stages in several countries. The key potential this industry sees is in the form of manufacturers adopting technologies to improve their production processes to meet the capacity requirements.
The market is segmented based on type which include Citric acid, phosphoric acid, and lactic acid among others. Citric acid dominates the Acidulants market, followed by phosphoric acid. The major applications of Acidulants is seen in non-alcoholic beverages and soft drinks. Beverages are the largest segment for Acidulants followed by seasonings, condiments sauces and Processed food products.
In 2013, Asia pacific led the food acidulants markets with a market share of more than 32% and is projected to reach US $2110 million by 2020 with a CAGR of 8.8%. The second fastest growing market is South America and Africa, and both are projected to grow at a CAGR of 8% for the period 2015-2020. The key reason for such high in these countries is the burgeoning middle class. In terms of market size Asia pacific leads followed by North America and Europe.
China is one of the largest players in food acidulant business followed by U.S. U.S is the largest market in North America while Germany is the largest market in European region. This is mainly attributed to increase in consumption of processed foods and increasing nutritional requirements among consumers. India,Brazil, South Africa, Argentina, and Mexico are some of the emerging markets for food Acidulants.
Some of the players who have been profiled in this market are ADM, Brenntag, Cargill, Hawkin Watts,Tate& Lyle among others. Manufacturers are adopting innovative technologies to increase their profit margins in this market.
Key Topics Covered:
2. Key Findings
3. Market Overview & Dynamics
5. Market Segmentation by Type
6. Competitive Landscape Overview
7. Company Profiles
- Archer Daniels Midland(ADM)
- Cargill Inc
- Hawkins Watts Ltd
- Jungbunzlauer Ag
- Parry Enterprises India
- Purac Biochem
- Tate & Lyle
- Merko group Llc
- Weifang Ensign Industry Co. Ltd
- Isegen South Africa (Pty) Ltd
- fbc industries inc
For more information visit http://www.researchandmarkets.com/research/ddnplz/global_food
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SOURCE Research and Markets