The North American food acidulants market is anticipated to grow at a CAGR of 7.0% over the forecast period (2020-2026). The key factors that drive the growth of the market include the shift of the consumers towards the adoption of healthy food and food ingredients products. Owing to the increased prevalence of various disorders such as obesity and diabetes, there has been an increased awareness among the people. This, in turn, prompts the need for healthy food ingredients and improved focus towards enhancing the lifestyle, which is likely to accelerate the growth of the North American food acidulant industry over the forecast period.
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Further, among the type segment of the market, citric acid is expected to witness the most prominent share in the market. Citric acid is used in most food products owing to its compatibility with a variety of products. The manufacturing of food products such as yogurt, sausages, and soft drinks involves a large amount of citric acid. Citric acid also enacts as an additive includes several useful functions in food formulations, such as sterilization, flavor fixation, flavor enhancement, bacterial stabilization, and standardization of acid levels. Hence, owing to such a wide range of benefits offered by citric acid prompts its adoption, which in turn, contributes to the growth of the 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- North America
- Competitive Landscape- Archer Daniels Midland Co., Cargill Inc., Corbion NV, Foodchem Group, Global Specialty Ingredients, Hawkins Watts Ltd., and Tate & Lyle Plc among others
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?
North America 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.
