Global Acidity Regulators Market: Snapshot
Some of the factors that are proving beneficial to the global acidity regulators market are the increasing uptake of processed food and beverages by a growing number of people hard-pressed for time. Rising sales of sauces, condiments, and dressing industries is also serving to boost demand in the market. In addition, increasing concern over food safety and technological progress for extraction of acids are positively influencing demand.
Proving counterproductive to the market, on the other hand, is the side effects erupting from excessive consumption of acidity regulators. The side effects of the acidity regulators include vomiting, nausea, and diarrhea. Further, overconsumption of acidity regulators may lead to tooth decay. Besides, low cost suppliers in the market is also denting the overall revenue.
Despite all the restraints, the global acidity regulators market has ample room for growth on account of the diverse application of acidity regulators in new and different products such as skincare and cosmetics.
As per the market research firm Transparency Market Research, the global market for acidity regulators will likely expand at a healthy 7.3% CAGR from 2015 to 2021. Rising at this rate, the market will likely attain a value of US$6.34 bn by 2021 from US$3.93 bn in 2014.
Widespread Application of Citric Acid makes it Most Sought after Product
The various kinds of products purveyed in the global acidity regulators market are citric acid, acetic acid, maleic acid, phosphoric acid, and lactic acid. Of them, citric acid accounts for maximum share in the market on account of its widespread usage in various processed foods, bakery products, non-alcoholic beverages, and soft drinks. Phosphoric acid trails in the second position.
Application-wise, the key segments of the global acidity regulators market are processed foods, bakery, confectionary, beverages, and sauces, dressings, and condiments. Currently, the demand for acidity regulators from beverages segment is significantly high.
Powered by China, Asia Pacific leads Global Acidity Regulators Market
Geographically, the key segments of the global acidity regulators market are North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific, of them, is the dominant market and going forward will expand at a cracking pace. The market in the region is mainly driven by China, which not just accounts for maximum demand but also is a manufacturing hub on account of the presence of numerous manufacturers. In fact, fierce competition provided by Chinese players, especially in citric acid, poses a high threat for Western players. India is another strong demand generator. A regulatory check on the imports, which is now implemented by various countries, can somehow create a healthy market for the acidity regulators manufacturers across the globe.
North America is another key market for acidity regulators that trails China. The market in North America is primarily driven the U.S. The Rest of the World will emerge as the second fastest growing market for acidity regulators. Brazil, South Africa, India, Argentina, and Mexico are some of the emerging markets for food acidity regulators.
Acidity regulators, commonly known as pH control agents, are food additives mainly used to change or maintain the acidity or alkalinity of foods. Acidity regulators give a distinct flavor to foods and are also used for food preservation. This is because these food additives prevent microbial growth, thereby helping in food spoilage. Acidity regulators can be organic or mineral acids, neutralizing agents, bases, or buffering agents.
In this report, product, application, and geography are the criteria based on which the global acidity regulators market is segmented. Pertaining to the acidity regulators market, various indicators that will define trends in the market during the 2015-2021 period are examined at length. An array of illustrations depicts the progression of the major segments as well as the market in its entirety.
The report is compiled gathering data from industry-leading databases and using formidable tools for scrutiny of the information. Using proven analytical tools and allowing for handling errors, the report is all-inclusive for comprehending the trends, opportunities, and competitive hierarchical structure of the global acidity regulators market for the 2015-2021 period.
Overview of Global Acidity Regulators Market
The global acidity regulators market will be valued at US$6.3 bn by 2021, increasing from US$3.9 bn in 2014. This will amount the market to register a CAGR of 7.3% between 2015 and 2021.
According to the report, the expanding food and beverage industry is majorly driving the acidity regulators market. Food additives such as acidity regulators and acidifiers are essentially used for maintaining the appropriate pH of food items, ensuring food safety and a longer shelf life. The rising consumer base of individuals that spend a considerable chunk of money on processed foods and ready-to-drink beverages, combined with the increasing demand for condiments, sauces, and salad dressings, is accentuating the growth of the acidity regulators market. In addition, development of new techniques for acid extraction is further augmenting the growth of this market.
On the flip side, acidity regulators can cause nausea, vomiting, and diarrhea among humans, hampering the market’s growth. Acidity regulators, if consumed in excess quantities, are also related to tooth decay. Other than this, the presence of small manufacturers that supply low-cost products is hampering the growth of the global market for acidity regulators. Nevertheless, the varied use of acidity regulators in skincare and other cosmetic products will proffer opportunities for the market’s growth.
By product, acetic acid, phosphoric acid, lactic acid, citric acid, and maleic acid are the segments of the market. Citric acid represents the largest share of the overall market. The product segment is extensively used for bakery foods, non-alcoholic beverages, soft drinks, and processed foods. Citric acid is followed by phosphoric acid in terms of market share.
Confectionery, beverages, bakery, and sauces, dressings, and condiments are the application segments of the acidity regulators market. Of all, beverages exhibit a significantly high demand for acidity regulators.
The acidity regulators market is divided into the regional segments of North America, Europe, Asia Pacific, and Rest of the World. In the 2015-2021 period, Asia Pacific will be the fastest growing regional market. This will be followed by the Rest of the World region, which will emerge as the second fastest growing regional acidity regulators market.
Major Companies in Global Acidity Regulators Market
The report mentions Cargill Incorporated, Tate and Lyle plc, Univar Brenntag A.G., Archer Daniels Midland Co., Kerry Group, Corbion N.V., and Innophos Holding Inc. as the top companies that operate in the global acidity regulators market.
Global Acidity Regulators Market, by Product type
- Citric Acid
- Phosphoric Acid
- Acetic Acid
- Malic Acid
- Lactic Acid
Global Acidity Regulators Market, by application
- Processed Food
- Sauces and Condiments
Global Acidity Regulators Market, by geography
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- A clear understanding of the competitive landscape and key product segments