The Asia-Pacific food acidulants market is anticipated to grow significantly at a CAGR of 7.9% over the forecast period (2020-2026). China, India, Japan, and Australia are some of the key economies contributing to the growth of the market over the forecast period. The key factor that drives the growth of the market includes the need for food acidulants as pH level stabilizers in a wide range of food products in the region. Besides, the higher adoption of bakery and confectionery products by the children in the country is also propelling the growth of the Asia-Pacific food acidulants industry over the forecast timeframe.
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Further, among the key economies of the region, China is projected to a major share in the Asia-Pacific region. The regional growth of the market is attributed to the rising adoption of food acidulants by the key players in producing processed food items. Besides, consumers in the country are also getting aware of the health benefits posed by food acidulants and the way food acidulants aids in enhancing a products’ shelf-life. Hence, this is likely to prompt the need for more food acidulants in the country as well as contribute to the growth of the Asia-Pacific food acidulants market over the forecast period.
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Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Type and By Applications
- Region Covered- Asia-Pacific
- Competitive Landscape- Archer Daniels Midland Co., BASF SE, Cargill Inc., Corbion NV, FoodChem Group, Global Specialty Ingredients, Hawkins Watts Ltd., and Tate & Lyle Plc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Asia-Pacific 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
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
