The US food acidulants market is projected to grow at a CAGR of 7.1% during the forecast period (2020-2026). The major factor that drives the growth of the market includes the rapid evolution of the food & beverages industry across the country. With the rise in the population and rising disposable income, people opt to pay for a more premium and luxury packaged product which is likely to enhance the growth of the US food acidulants market over the forecast period. Food acidulants also aid in enhancing the shelf life of the product along with the taste, thereby enhancing the growth of the market over the forecast period. Further, there has been increased adoption of bakery and confectionery products which also supports the market growth in the country.
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The US food acidulants market is segmented on the basis of type and application. Based on the type, the market is segmented into acetic acid, citric acid, lactic acid, malic acid, phosphoric acid, and others. The lactic acid segment is likely to hold a substantial share in the market. Based on the applications, the market is segmented into dairy & frozen products, bakery & confectionery, beverages, meat products, and others. The beverages segment is likely to hold a substantial share in the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
US Food Acidulants Market – Segmentation
By Type
- Acetic Acid
- Citric Acid
- Lactic Acid
- Malic Acid
- Phosphoric Acid
- Others
By Applications
- Dairy & Frozen products
- Bakery & Confectionery
- Beverages
- Meat Products
- Others
The Report covers:
- Comprehensive research methodology of the US food acidulants market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US food acidulants market.
- Insights about market determinants that are stimulating the US food acidulants market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of the market players.
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