Food acidulants are extensively used as an additive in the manufacturing process of food and beverages as they provide a sharp or tart taste to different food and beverage products. Food acidulants are widely used as preservatives to expand the shelf life of the food products. Such acidulants helps to balance the pH level and assists in stabilizing different flavors and colors of food and beverages. Food acidulants are considered as additives which helps to minimize spoilage from air, bacteria, fungi, and yeast.
MARKET DYNAMICS
The food acidulants market has witnessed a significant growth owing to factors such as rising use of fumaric acid in preparation of bakery items. Moreover, the organic form of acidulants are gaining wide traction provides a huge market opportunity for the key players operating in the food acidulants market. However, strict norms pertaining to food safety is projected to hamper the overall growth of the food acidulants market.
MARKET SCOPE
The "Global Food Acidulants Market Analysis to 2031" is a specialized and in-depth study of the Food and Beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the food acidulants market with detailed market segmentation by product type and application and geography. The global food acidulants market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading food acidulants market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global food acidulants market is segmented on the basis of product type and application. On the basis of product type, the food acidulants market is segmented into citric acid, lactic acid, sorbic acid, malic acid, acetic acid and others. Based on application, the global food acidulants market is divided bakery and confectionery, dairy and frozen desserts, beverages, soups, sauces and dressings and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Food acidulants market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Food acidulants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Food acidulants market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Food acidulants market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Food acidulants market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Food acidulants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Food acidulants market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Food acidulants market in these regions.
MARKET PLAYERS
The reports cover key developments in the food acidulants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from food acidulants market are anticipated to lucrative growth opportunities in the future with the rising demand for food acidulants in the global market. Below mentioned is the list of few companies engaged in the food acidulants market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the food acidulants market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Archer Daniels Midland Company
- Batory Foods, Inc.
- Cargill Incorporated
- Corbion Purac N.V.
- FBC Industries, Inc.
- Global Specialty Ingredients
- Nanjing Xiangshengtai Industry Co., Ltd
- RP International Limited
- Tate and Lyle PLC
- Univar Solutions
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Food Acidulants Market - By Product Type
1.3.2 Food Acidulants Market - By Application
1.3.3 Food Acidulants Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FOOD ACIDULANTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. FOOD ACIDULANTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FOOD ACIDULANTS MARKET - GLOBAL MARKET ANALYSIS
6.1. FOOD ACIDULANTS - GLOBAL MARKET OVERVIEW
6.2. FOOD ACIDULANTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FOOD ACIDULANTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. CITRIC ACID
7.3.1. Overview
7.3.2. Citric Acid Market Forecast and Analysis
7.4. LACTIC ACID
7.4.1. Overview
7.4.2. Lactic Acid Market Forecast and Analysis
7.5. SORBIC ACID
7.5.1. Overview
7.5.2. Sorbic Acid Market Forecast and Analysis
7.6. MALIC ACID
7.6.1. Overview
7.6.2. Malic Acid Market Forecast and Analysis
7.7. ACETIC ACID
7.7.1. Overview
7.7.2. Acetic Acid Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. FOOD ACIDULANTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BAKERY AND CONFECTIONERY
8.3.1. Overview
8.3.2. Bakery and Confectionery Market Forecast and Analysis
8.4. DAIRY AND FROZEN DESSERTS
8.4.1. Overview
8.4.2. Dairy and Frozen Desserts Market Forecast and Analysis
8.5. BEVERAGES
8.5.1. Overview
8.5.2. Beverages Market Forecast and Analysis
8.6. SOUPS
8.6.1. Overview
8.6.2. Soups Market Forecast and Analysis
8.7. SAUCES AND DRESSINGS
8.7.1. Overview
8.7.2. Sauces and Dressings Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. FOOD ACIDULANTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Food Acidulants Market Overview
9.1.2 North America Food Acidulants Market Forecasts and Analysis
9.1.3 North America Food Acidulants Market Forecasts and Analysis - By Product Type
9.1.4 North America Food Acidulants Market Forecasts and Analysis - By Application
9.1.5 North America Food Acidulants Market Forecasts and Analysis - By Countries
9.1.5.1 United States Food Acidulants Market
9.1.5.1.1 United States Food Acidulants Market by Product Type
9.1.5.1.2 United States Food Acidulants Market by Application
9.1.5.2 Canada Food Acidulants Market
9.1.5.2.1 Canada Food Acidulants Market by Product Type
9.1.5.2.2 Canada Food Acidulants Market by Application
9.1.5.3 Mexico Food Acidulants Market
9.1.5.3.1 Mexico Food Acidulants Market by Product Type
9.1.5.3.2 Mexico Food Acidulants Market by Application
9.2. EUROPE
9.2.1 Europe Food Acidulants Market Overview
9.2.2 Europe Food Acidulants Market Forecasts and Analysis
9.2.3 Europe Food Acidulants Market Forecasts and Analysis - By Product Type
9.2.4 Europe Food Acidulants Market Forecasts and Analysis - By Application
9.2.5 Europe Food Acidulants Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Food Acidulants Market
9.2.5.1.1 Germany Food Acidulants Market by Product Type
9.2.5.1.2 Germany Food Acidulants Market by Application
9.2.5.2 France Food Acidulants Market
9.2.5.2.1 France Food Acidulants Market by Product Type
9.2.5.2.2 France Food Acidulants Market by Application
9.2.5.3 Italy Food Acidulants Market
9.2.5.3.1 Italy Food Acidulants Market by Product Type
9.2.5.3.2 Italy Food Acidulants Market by Application
9.2.5.4 United Kingdom Food Acidulants Market
9.2.5.4.1 United Kingdom Food Acidulants Market by Product Type
9.2.5.4.2 United Kingdom Food Acidulants Market by Application
9.2.5.5 Russia Food Acidulants Market
9.2.5.5.1 Russia Food Acidulants Market by Product Type
9.2.5.5.2 Russia Food Acidulants Market by Application
9.2.5.6 Rest of Europe Food Acidulants Market
9.2.5.6.1 Rest of Europe Food Acidulants Market by Product Type
9.2.5.6.2 Rest of Europe Food Acidulants Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Food Acidulants Market Overview
9.3.2 Asia-Pacific Food Acidulants Market Forecasts and Analysis
9.3.3 Asia-Pacific Food Acidulants Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Food Acidulants Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Food Acidulants Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Food Acidulants Market
9.3.5.1.1 Australia Food Acidulants Market by Product Type
9.3.5.1.2 Australia Food Acidulants Market by Application
9.3.5.2 China Food Acidulants Market
9.3.5.2.1 China Food Acidulants Market by Product Type
9.3.5.2.2 China Food Acidulants Market by Application
9.3.5.3 India Food Acidulants Market
9.3.5.3.1 India Food Acidulants Market by Product Type
9.3.5.3.2 India Food Acidulants Market by Application
9.3.5.4 Japan Food Acidulants Market
9.3.5.4.1 Japan Food Acidulants Market by Product Type
9.3.5.4.2 Japan Food Acidulants Market by Application
9.3.5.5 South Korea Food Acidulants Market
9.3.5.5.1 South Korea Food Acidulants Market by Product Type
9.3.5.5.2 South Korea Food Acidulants Market by Application
9.3.5.6 Rest of Asia-Pacific Food Acidulants Market
9.3.5.6.1 Rest of Asia-Pacific Food Acidulants Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Food Acidulants Market by Application
9.4. SOUTH AND CENTRAL AMERICA
9.4.1 South and Central America Food Acidulants Market Overview
9.4.2 South and Central America Food Acidulants Market Forecasts and Analysis
9.4.3 South and Central America Food Acidulants Market Forecasts and Analysis - By Product Type
9.4.4 South and Central America Food Acidulants Market Forecasts and Analysis - By Application
9.4.5 South and Central America Food Acidulants Market Forecasts and Analysis - By Countries
9.4.5.1 Brazil Food Acidulants Market
9.4.5.1.1 Brazil Food Acidulants Market by Product Type
9.4.5.1.2 Brazil Food Acidulants Market by Application
9.4.5.2 Argentina Food Acidulants Market
9.4.5.2.1 Argentina Food Acidulants Market by Product Type
9.4.5.2.2 Argentina Food Acidulants Market by Application
9.4.5.3 Rest of South and Central America Food Acidulants Market
9.4.5.3.1 Rest of South and Central America Food Acidulants Market by Product Type
9.4.5.3.2 Rest of South and Central America Food Acidulants Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FOOD ACIDULANTS MARKET, KEY COMPANY PROFILES
11.1. ARCHER DANIELS MIDLAND COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BATORY FOODS, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CARGILL INCORPORATED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CORBION PURAC N.V.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FBC INDUSTRIES, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GLOBAL SPECIALTY INGREDIENTS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NANJING XIANGSHENGTAI INDUSTRY CO., LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RP INTERNATIONAL LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TATE AND LYLE PLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. UNIVAR SOLUTIONS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Archer Daniels Midland Company
2.Batory Foods, Inc.
3.Cargill Incorporated
4.Corbion Purac N.V.
5.FBC Industries, Inc.
6.Global Specialty Ingredients
7.Nanjing Xiangshengtai Industry Co., Ltd
8.RP International Limited
9.Tate and Lyle PLC
10.Univar Solutions
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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