According to a new report published by Allied Market Research, titled, “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.
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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.
Regional Analysis:
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.
Key Players Are:
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.
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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.
Reason to Buy:
✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Acidity Regulators Market.
✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
✅ The key findings and recommendations highlight crucial progressive industry trends in the Acidity Regulators Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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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.
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