Published: Oct, 2017
Featuring the presence of several prominent players, the global market for acidity regulators has a largely fragmented vendor landscape with a number of companies domiciled in China, observes Transparency Market Research in a recent report. Owing to the intense level of competition that a fragmented vendor landscape generally induces, companies are focusing on constant product launches and strategic collaborations. Some of the leading companies in the market are Univar, Kerry Group, Tate and Lyle plc, Cargill Incorporated, Archer Daniels Midland Co., Innophos Holding Inc., Brenntag A.G., and Corbion N.V.
Transparency Market Research states that the global acidity regulator market will exhibit a positive 7.3% CAGR between 2015 and 2021, rising from a valuation of US$3.93 bn in 2014 to a revenue opportunity of US$6.43 bn by 2021.
Asia Pacific Market to Continue to Assert Dominance
By product type, the segment of citric acid is expected to remain the leading segment of the global acidity regulators market over the report’s forecast period. The segment presently accounts for the dominant share of the market owing to its vast usage across processed foods, bakery products, soft drinks, and non-alcoholic beverages.
From a geographical standpoint, the report examines the market for acidity regulators into North America, Europe, Asia Pacific, and Rest of the World, among which Asia Pacific led the global market in 2014. The APAC acidity regulators market is also expected to exhibit the dominant CAGR of all regional segments, an estimated 7.6% over the period between 2015 and 2021. The market for acidity regulators in APAC is chiefly driven by China, which is one of the world’s leading consumers as well as producers of a variety of acidity regulators.
Rising Demand for Packaged Foods and Beverages to Fuel Global Consumption
The acidity regulators market is primarily boosted by the growing demand for packaged and ready to eat foods and beverages. Since the consumption of these foods is not instant, manufacturers need to include acidity regulators in order to prevent bacterial growth as well as to keep the pH and flavor of the food intact. This has driven the global acidity regulators market in recent years. The demand for food regulators is inevitably high in countries registering high demand for processed food. While developed countries provide lucrative prospects for the acidity regulators market, the key vendors in the industry have also successfully identified profitable opportunities in emerging economies.
The market for acidity regulators is also benefitting from the vast use of a variety of acidity regulators in cosmetics and skincare products in the coming years. Since these products are applied straight on to the skin, they have to match the pH of the skin to avoid adverse effects. Acidity regulators help massively in this regard, negating the alkalinity of cosmetic ingredients and allowing skincare products to have effect with no health risks.
Health Concerns Associated with Regular Consumption to Limit Adoption of Acidity Regulators
Despite its positive projected growth trajectory, the global acidity regulators market is not free from hindrances. Regular consumption of acidity regulators can have several adverse side effects on the human body, such as nausea, vomiting, diarrhea, and other complications. Such factors are restraining the market from treading along a smooth growth path and could have a negative impact on the overall development of the market in the near future to an extent.
This review of the global acidity regulators market is based on a recent market research report by Transparency Market Research, titled “Acidity Regulators Market By Type (Citric Acid, Phosphoric Acid, Acetic Acid, Lactic Acid and Maleic Acid) and By Application (Beverages, Sauces Dressings and Condiments, Processed Foods, Bakery and Confectionery) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2021.”
For the study, the market has been segmented as follows:
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
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