Acidulants are needed in the food and beverage industry as a key chemical compound for improving the quality of food products. Owing to diverse applications of acidulants and associated benefits, rapid growth of around 5% will be witnessed in the market in terms of revenue, which will reach a figure of around US$ 3.5 Bn by the end of 2030. The COVID-19 has proven to have had an adverse impact on the global acidulants market. The pandemic has reduced the production of acidulants due to government restrictions regarding health & safety, and a decrease in demand of the product has also been observed. To remain ‘ahead’ of your competitors, request a sample https://www.factmr.com/connectus/sample? flag=S&rep_id=5244 Widespread functions of acidulants such as pH control, preservatives, etc., is one of the main causes of introduction of more competition in the market, which, as a result, has paved the way for further technological advancements pertaining to acidulants. Investments in research & development by key players such as Archer Daniels Midland and Tate & Lyle PLC are also important aspects in terms of market growth.
“Expansion of footprint through acquisition of low tier companies by leading players will act as a key factor for growth in the acidulants market,” says a Fact.MR analyst. Speak To Research Analyst For Detailed Insights: https://www.factmr.com/connectus/sample? flag=AE&rep_id=5244
Acidulants Market: Key Players The acidulants market is fragmented in nature, where, top players account for over half of the market share. Products are sold by a number of multinational and regional companies, out of which, major players are BRENNTAG, ADDCON Group GmbH, Yara International ASA, Anpario PLC, BASF SE, Perstorp Holding AB, Biomin Holding GmbH, Archer Daniels Midland Company, Nutrex NV, Novus International, Inc., Tate & Lyle PLC., Batory Foods Inc., Foodchem Co. Ltd., ITPSA, Cargill Inc., Hawkins Watts Limited, and Univar Inc. Market Segmentation
Global Acidulants Market Analysis 2015-2019 and Forecast 20202030, By Type
Acetic Acid
Fumaric Acid
Citric Acid
Phosphoric Acid
Lactic Acid
Malic Acid
Tartaric Acid
Global Acidulants Market Analysis 2015-2019 and Forecast 20202030, By Function
Flavour Enhancer
Microbial Control
pH Control
Preservative
Global Acidulants Market Analysis 2015-2019 and Forecast 20202030, By Grade
Food Grade
Feed Grade
Global Acidulants Market Analysis 2015-2019 and Forecast 20202030, by Application
Bakery & Confectionary
Beverages
Dairy Food
Animal Nutrition
Key Takeaways from Acidulants Market Study o The flavor enhancers segment holds a majority share of 32% in the global acidulants market. o Asia Pacific is a dominating region with a market value of US$ 809 million as of 2019. o Acetic acid is the largest segment, and is predicted to expand at a rate of more than 4% over the forecast period.
Bakery & confectionery applications of acidulants are set to reach a noteworthy market value of US$ 1.8 billion by 2030.
Investments of players in expansion of feed acidulants portfolio to act as a key opportunity in the growth of the acidulants market.
Food grade acidulants is a key segment with a collective consumption of 1.8 million tons of acidulants, as of 2019.
The COVID-19 outbreak has affected the production of acidulants, and demand has also been hit due to reduced industrial activities across the globe.
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Increased Competition Leading to Different Approaches for Market Growth The global acidulants market has a vast number of leading players, thereby making it significantly fragmented in nature. To tackle the competition, key companies have adopted a number of strategies to bolster their footprints in the acidulants market, such as important
acquisitions. For example, Archer Daniels Midland recently acquired Neovia, an animal nutrition company, which has helped Archer Daniels Midland to further expand its product portfolio of feed acidulants in the market. Other strategies such as hosting seminars and providing sponsorships of events pertaining to the food & beverage sector is also one of the prime factors of establishing an awareness of a brand, which, as a result, helps progress in the acidulants market space. For More Insights: https://www.globenewswire.com/en/newsrelease/2019/02/20/1738399/0/en/Use-of-Blow-Fill-SealTechnology-for-Manufacturing-Syringes-and-Injectable-GrowingFact-MR-Study.html
More Valuable Insights on Acidulants Market Fact.MR, in its new offering, presents an unbiased analysis of the global acidulants market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the acidulants market on the basis of type (acetic acid, fumaric acid, citric acid, phosphoric acid, lactic acid, malic acid, and tartaric acid), function (flavor enhancers, microbial control, pH control, preservatives, and others), grade (food and feed), and application (bakery & confectionary, beverages, dairy food, and animal nutrition), across major regions of the world (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa). About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852
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