Asia Pacific Food Acidulants Market

Asia Pacific Food Acidulants Market By Product Types (Citric Acid, Phosphoric Acid, Lactic Acid and Others) Applications (Bakery, Dairy & Frozen Products, Confectionery, Meat Poultry & Sea Food Products, Beverages, and Others), and Geography (India, China, South Korea, Japan, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: FB-3255
  • Author: Growth Market Reports
  • Rating: 4.6
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  • No. Of Pages: 210
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The Asia Pacific food acidulants market size is anticipated to expand at a substantial CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising of food acidulants in the food and beverage industry.

Asia Pacific Food Acidulants Market

Food acidulants are food additives that are used to maintain the taste and other olfactory properties of food products. The primary capacity of the acidulants is to balance out the pH level of the food item and preserve the items timeframe of realistic usability. Common food acidulants that are used in the food and beverage industry includes citrus extract, lactic acid, acetic acid, malic acid, and phosphoric acid.

Food and beverage organizations across the globe, from bistro and café proprietors to huge food makers and retailers, had a huge impact due to COVID-19 pandemic. Social disengagement, self-separation, and confinement of the cities have constrained numerous offices to be shut in nations in Asia, the US, Europe, and the remainder of the world. Under colossal strain from customers who stock items, void racks became the new normal in grocery stores and grocery store chains.

Market Trends, Drivers, Restraints and Opportunities

  • Rising purchasing power and increasing inclination toward healthy products are key factors that are positively influence the market growth during the forecast period.
  • Growing demand for food acidulants in the beverage industry is estimated to fuel the market growth.  
  • The production of inorganic acidulants, as well as phosphoric corrosive, emanates poisonous vapors that can hurt the plant group and cause tenderness to the skin, eyes, and respiratory system and lack of proper government regulations can hamper the market growth in the coming years.
  • The developing interest for acid controllers in the beverage business, primarily in seasoned water, energy and carbonated drinks can create lucrative opportunities during the forecast period.

Scope of the Report

The report on the Asia Pacific food acidulants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Food acidulants Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Types ( Citric Acid, Phosphoric Acid, Lactic Acid and Others) and Applications (Bakery, Dairy & Frozen products, Confectionery, Meat Poultry & Sea Food Products, Beverages, and Others)

Geography Scope

India, China, South Korea, Japan, and Rest of Asia Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Tate & Lyle; Archer Daniels Midland Company; Cargill Incorporated; Weifang Ensign Industry Co., Ltd.

Food Acidulants Market Segment Insights

Citric acid segment is anticipated to constitute a key market share

On the basis of product types, the market is segregated into citric acid, phosphoric acid, lactic acid, and others. The citric acid segment is projected to expand at a considerable CAGR during the forecast period. It is predominantly utilized as acid controller due to its high dissolvability, acidity, and sour taste. It is basically utilized as an acid controller, utilized as enhancing and additive agent resulting in a citric acid impact on the market.

Asia Pacific Food Acidulants Market

Beverages segment is estimated to account for a significant market share.

Based on applications, the Asia Pacific food acidulants market is divided into bakery, dairy & frozen products, confectionery, meat poultry & sea food products, beverages, and others. The beverages segment is estimated to account for a significant market share during the forecast period. Advancement and development in the beverage industry is propelling the market segment growth.

China to dominate the market

In terms of regions, the market is classified as India, China, South Korea, Japan, and Rest of Asia Pacific. China is expected to constitute a key share of the market during the projected period. Rising interest for convenience food is one of the main considerations cultivating the development of the market in country.

Asia Pacific Food Acidulants Market

Segments

Segments Covered in the Report

The Asia Pacific food acidulants market has been segmented on the basis of

Product Types

  • Citric Acid
  • Phosphoric Acid
  • Lactic Acid
  • Others

Applications

  • Bakery
  • Dairy & Frozen products
  • Confectionery
  • Meat Poultry & Sea Food Products
  • Beverages
  • Others

Geography

  • India
  • China
  • South Korea
  • Japan
  • Rest of Asia Pacific

Key Players

  • Tate & Lyle
  • Archer Daniels Midland Company
  • Cargill Incorporated
  • Weifang Ensign Industry Co., Ltd

Competitive Landscape

Key players competing in the global Internet of Things market are Alcatel-Lucent Enterprise; Atmel Corp.; Google Inc.; Huawei Technologies Co., Ltd.; Oracle Corp.; Accenture PLC; Amazon.com Inc.; Cisco Systems, Inc.; Hewlett-Packard Development Co. L.P.; and IBM Corp. Companies are focusing on investments in R&D sector to gain an early mover advantage. Furthermore, companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

For instance, in June 2020, CyberX, an industrial cybersecurity platform provider was acquired by Microsoft to accelerate and secure customers IoT deployments and manage the security in existing devices. In September 2021, The University of Birmingham announced the partnership with Siemens to combine analytics technologies, Artificial Intelligence, and digital sensor. This partnership was aimed to transform their university into the smartest global campus globally. Under this partnership the University of Birmingham will deploy technology at a large scale in the university.

Asia Pacific Food Acidulants Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Food Acidulants Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Food Acidulants Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Food Acidulants Market - Supply Chain
  4.5. Global Food Acidulants Market Forecast
     4.5.1. Food Acidulants Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Food Acidulants Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Food Acidulants Market Absolute $ Opportunity
5. Global Food Acidulants Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Food Acidulants Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Food Acidulants Demand Share Forecast, 2019-2026
6. North America Food Acidulants Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Food Acidulants Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Food Acidulants Demand Share Forecast, 2019-2026
7. Latin America Food Acidulants Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Food Acidulants Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Food Acidulants Demand Share Forecast, 2019-2026
8. Europe Food Acidulants Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Food Acidulants Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Food Acidulants Demand Share Forecast, 2019-2026
9. Asia Pacific Food Acidulants Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Food Acidulants Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Food Acidulants Demand Share Forecast, 2019-2026
10. Middle East & Africa Food Acidulants Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Food Acidulants Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Food Acidulants Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Food Acidulants Market: Market Share Analysis
  11.2. Food Acidulants Distributors and Customers
  11.3. Food Acidulants Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The Asia Pacific food acidulants market has been segmented on the basis of

Product Types

  • Citric Acid
  • Phosphoric Acid
  • Lactic Acid
  • Others

Applications

  • Bakery
  • Dairy & Frozen products
  • Confectionery
  • Meat Poultry & Sea Food Products
  • Beverages
  • Others

Geography

  • India
  • China
  • South Korea
  • Japan
  • Rest of Asia Pacific

Key Players

  • Tate & Lyle
  • Archer Daniels Midland Company
  • Cargill Incorporated
  • Weifang Ensign Industry Co., Ltd

Key players competing in the global Internet of Things market are Alcatel-Lucent Enterprise; Atmel Corp.; Google Inc.; Huawei Technologies Co., Ltd.; Oracle Corp.; Accenture PLC; Amazon.com Inc.; Cisco Systems, Inc.; Hewlett-Packard Development Co. L.P.; and IBM Corp. Companies are focusing on investments in R&D sector to gain an early mover advantage. Furthermore, companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

For instance, in June 2020, CyberX, an industrial cybersecurity platform provider was acquired by Microsoft to accelerate and secure customers IoT deployments and manage the security in existing devices. In September 2021, The University of Birmingham announced the partnership with Siemens to combine analytics technologies, Artificial Intelligence, and digital sensor. This partnership was aimed to transform their university into the smartest global campus globally. Under this partnership the University of Birmingham will deploy technology at a large scale in the university.

Asia Pacific Food Acidulants Market

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