The acidity regulation market is expected to witness notable growth owing to its wide application as a preservative, flavoring agent, and taste enhancer or taste modifier in the coming years. Increase in usage of acidity regulators in the food & beverage industry, such as in bakery, confectionery, sauces, condiments, and dressings is expected to fuel the market growth. Moreover, growth in demand for fast food, cold drink, and other food & beverages would supplement the market growth.
According to a new report, Acidity Regulators Market by Product Type, and Application: Global Opportunity Analysis and Industry Forecast, 2022–2031,” the acidity regulators market size was valued at $5,871.30 million in 2020, and is estimated to reach $10,899.60 million by 2031, growing at a CAGR of 5.5% from 2022 to 2031.
Acidity regulators are antioxidants agents, which are being used in various food items such as pickles, potato chips, fried snacks, and many other oil-based and fat containing food products. Increase in consumption of food items containing antioxidants is attributed to growth of the acidity regulators market in upcoming years.
Acidity regulators enhance and contribute flavors in food products. Flavoring agents are used in small amount as food additives or to enhance the flavors. Flavoring agents are used in food products, which do not have the desired flavor. Flavoring agents are used in natural form and processed form in food products for human consumption which further augments the acidity regulators market growth.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/1836
Acidity regulators are used to modify or enhance the taste of food products. Flavors are used in dairy products, beverages, and processed food. Flavors cause sensation of taste in the food products. For instance, about 50% of the citric acid is used as a flavoring agent in several beverages such as tea, soft drink, carbonated drinks, and desserts to enhance the refreshing flavor which is also the key acidity regulators market trends.
Moreover, due to the outbreak of the COVID-19 pandemic, manufacturers have seen drop in there sales. However, implementation of lockdown and curfew practices globally have affected the domestic as well as international production of acidity regulators products, which, in turn, hampers the growth of the overall market. Thus, the outbreak of COVID-19 negatively impacted the acidity regulators market in 2020, as sales of companies reduced and operations were halted.
The global acidity regulators market is segmented on the basis of product type, application, and region. Depending on product, the market is classified into citric acid, phosphoric acid, acetic acid, maleic acid, and lactic acid. On the basis of application, it is segregated into beverages; sauces, condiments, and dressings; processed food; bakery; and confectionery. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/1836
KEY FINDINGS OF THE STUDY
By product type, the Acidity Regulators Market Analysis includes citric acid, phosphoric acid, acetic acid, maleic acid and lactic acid. The citric acid segment dominated the global market in 2020, and is expected to retain its dominance throughout the forecast period.
On the basis of application, the beverages segment held the dominant share in 2020, and is expected to register the highest CAGR.
Region wise, Asia-Pacific accounted for highest acidity regulators market share in 2020, and is expected to grow at a significant CAGR during the forecast period.
Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. Key players profiled in the acidity regulators industry Archer Daniels Midland Company, Jungbunzlauer India Pvt. Ltd., Bertek Ingredient Incorporation, ATP group, Celrich Products Pvt. Ltd., Chemelco International B.V., F.B.C Industries Inc., and Fuerst Day Lawson Ltd.
Other players in the value chain include Cargill Incorporated, Kerry Group, Tate and Lyle plc, Corbion N.V., Univar, Brenntag A.G., and Innophos Holding Inc.
Buy Now: https://www.alliedmarketresearch.com/checkout-final/2f31eefc06aedd31cc427a36330fd3f0
Similar Reports:
Animal and Marine Fats and Oils Market to Reach $5,16,759.3 million by 2030
Roselle Market is Expected to Reach $252.6 Million by 2030
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.