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.
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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.
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.
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.
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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.
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.
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