Research Nester’s recent market research analysis on “Food Acidulants Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor's analysis and a detailed overview of the global Food Acidulants Market in terms of market segmentation by type, application, form, function, and by region.
Growing demand to Promote the Global Market Share of Food Acidulants Market.
The global Food Acidulants market is estimated to grow majorly on account of the increasing investments in technologies to enhance the quality of food acidulants and in food manufacturing industry, due to the increase in demand for acidulants as they play an important role in keeping to food fresh, maintaining their colour, and many more. According to a report, the world need about 265 billion USD worth of investments annually to end hunger and poverty by 2030.
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Some of the major growth factors and challenges that are associated with the growth of the Food Acidulants Market are:
Growth Drivers:
· Increasing concerns of consumers regarding the health and safety
· Growth in technological advancements in food preservation sector
Challenges:
The presence of concerns related to the environmental effects by food acidulants is increasing as food acidulants are derived from acids, which produce high amount of CO2 as a byproduct during their manufacturing process and disposal. If they are not properly handled or disposed of, these acids can leach into the environment due to which the water bodies can be contaminated, along with soil, and other natural sources. This has increased the concerns over the growing usage of food acidulants and has prevented the market from growing further. Moreover, the increasing environmental awareness and regulations have also made food manufacturers more mindful about the impact of their products and services and have prompted them to take measures to reduce their environmental impact.
By type, the Food Acidulants Market is segmented into Citric Acid, Formic Acid, Propionic Acid, Sorbic Acid, Malic Acid, Acetic Acid, Phosphoric Acid, Fumaric Acid, and Tartaric Acid. The citric acid segment is estimated to garner at a significant market share over the forecast period. The segment’s growth is attributed due to its high emulsifying and preservative properties. Citric acid as a powerful preservative which can effectively prevent the food spoilage and the risk of bacterial growth. According to a report, one-third of all the food which is produced globally is wasted or lost, that accounts for about more than 35 billion USD per year.
By region, The North American region is expected to generate the highest revenue by the end of 2023. In 2023, the North American market has dominated the global sales, by about 46%. This growth was mainly fueled by the increasing demand for convenient and processed food products, mainly to have them on the go, this industry runs on the extended shelf-life, it also challenges the companies to maintain the taste and flavours. The beverages along with the food are used extensively in this sector. According to USDA Foreign Agricultural Services, the demand for processed food products is expected to grow as 11%, and is expected to fuel the export opportunities as well . Moreover, the growth of market indicates as they develop to provide natural ingredients to fulfil the nutrients required along with the desired taste, and these demands are expected to fuel the demand for Food Acidulants market in the region.
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This report also provides the existing competitive scenario of some of the key players of the Food Acidulants market which includes Jungbunzlauer Suisse AG, Bartek Ingredients Inc., FBC Industries, Inc., Prinova Group LLC, Corbion NV, ADM WILD Europe GmbH & Co. KG, Weifang Ensign Industry Co., Ltd., Fuerst Day Lawson Ltd., Celrich Products Pvt. Ltd., Merko Group LLC, Taste & Lyle, ADM, Cargill Inc., Corbion, Avantor, Inc. and others.
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