Indian food acidulants market is projected to grow at a CAGR of 8.5% during the forecast period (2020-2026). The major factor that drives the growth of the market includes the various benefits offered by the food acidulants such as it enhances the shelf life of the food product, enhances taste, and food preservatives, and many more. The rising food and beverage industry in the country owing to the rising population and growth in the demand for food also strengthens the growth of the market. There has also been an increase in the adoption of packaged food across the country owing to the quickening pace of life and change in lifestyle, people in the region opt for packaged and ready to eat meals which have directly impacted the growth of the Indian food acidulants market growth over the forecast period.
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The Indian 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 tartaric 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 convenience food 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
India 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 India 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 Indian food acidulants market.
- Insights about market determinants which are stimulating the Indian 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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