Australia Food Acidulants Market

The Australia food acidulants market size is anticipated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the substantial expansion in the food and beverage sector significantly supports the global market and changes in consumer behavior.

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Food acidulants are additions that help to keep the pH of food items stable. By adjusting the acidity levels in food, acidulants, also known as food acids, serve to balance the flavor, color, and moisture levels. These substances help preserve food and drinks by managing acidity levels and acting as gelling agents.

Acidulants are often used in the bread sector to extend the shelf life of products and give them a soft texture. Due to functional benefits such as low hygroscopicity, increasing flavor, leavening, heat resistance, mold inhibition, dough conditioning, and dairy compatibility, the use of acidulants has increased due to rising consumer demand for fresh and high-quality bakery items.

Because of the expanding need for on-the-go snacks as a result of rapid urbanization and a growing working population, the bakery business has grown, which could help the acid regulator market flourish.

Australians are among the world's greatest drinkers of sugar-sweetened drinks. Energy drinks, fruit drinks, sports drinks, cordials, vitamin waters, and sweetened ice tea, as well as soft drinks, are sugar-sweetened beverages.

Increased demand for protein sports drinks, specialty nutritional beverages, nutritious snack bars, and other things has resulted from the rise in the number of muscle and fitness enthusiasts.

Coca-Cola stated in 2018 that it has bought Organic & Raw Trading Co. in Australia, which produces the Mojo kombucha brand. Coca-Cola was the first corporation to possess a kombucha brand. It's a terrific example of expanding a fast-growing market with a new entry.

Furthermore, items such as cold-pressed juice and high-protein smoothies are available. Coca-Cola Amatil, Coca-bottler, Cola's teamed with Coca-Cola to make the investment. The plan is for Made Group to continue operating independently while utilizing the Coca-Cola system's resources to expand Made's portfolio of new brands and products.

Market Trends, Drivers, Restraints, and Opportunities

• Increased consumption of beverages in the country is expected to drive the market expansion in coming years.
• Rising consumption of bakery & confectionery product are anticipated to surge the market.
• Urbanization, and introduction of novel products are expected to boost the market during the forecast period.
• Increased demand for nutritious food with longer shelf-life leads to increase connectivity is expected to fuel the market during the forecast period.
• Rising demand for dairy production is key factors pushing the market growth in the coming years.
• Rapid growth in processing technology are major factors boosting the market in the coming years
• Regulatory checks on imports and restrictive government policies on food additivities are expected to hinder the market.

Scope of the Report

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

Australia Food Acidulants Market Segment Insights

The beverages segment is projected to constitute a key market share

Based on applications, the Australia food acidulants market is divided into dairy & frozen products, beverages, meat industry, confectionery, bakery, and others. The beverages segment is expected to account for a key share of the market during the forecast period owing to Acidulants are majorly used in sugary drinks to inhibit the growth of germs and fungus, making the beverages market the major user of food-grade acidulants. Because of its natural and plentiful occurrence, citric acid has been widely employed in the beverage industry to provide a tangy flavor to the drink.

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The phosphoric acid concentrates segment is expected to expand at a rapid pace

In terms of types, the Australia food acidulants market is segmented into phosphoric acid, lactic acid, citric acid, and others. The phosphoric acid segment is expected to hold a key share of the market in the coming years due to the use of food additives in foods in Australia is subject to food additives of the code Phosphoric acid is allowed as a food ingredient in a variety of commodities including non-alcoholic flavored drinks, fruit preparations, processed cereal-based meals, candied fruits, infant formula and sterilized & UHT milk, and baby foods for newborns and young children. When used in accordance with GMP, phosphoric acid is also generally recognized as safe by the Food and Drug Administration in the United States.

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Segments

The Australia food acidulants market has been segmented on the basis of

Applications

• Dairy & Frozen Products
• Beverages
• Meat Industry
• Confectionery
• Bakery
• Others

Types

• Phosphoric Acid
• Lactic Acid
• Citric Acid
• Others

Country

• Australia

Key Players

• Cargill
• Incorporated
• Corbion N.V.
• Tate & Lyle
• Archer Daniels Midland Company

Competitive Landscape

Key players competing in the Australia food acidulants market include Cargill; Incorporated; Corbion N.V.; Tate & Lyle; Archer Daniels Midland Company

Some of these players are coming up with several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.