Identification of key drivers, restraints, opportunities, and challenges (DROC) in Europe Acidity Regulators Market and their impact on shifting market dynamics
According to the report “Europe Acidity Regulators Market by Product Type (Lactic Acid, Citric Acid, Acetic Acid, Malic Acid, Phosphoric Acid), by Application (Sauces, Dressings & Condiments, Beverages, Processed Food, Bakers & Confectionery), and by Region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, the European Acidity Regulators Market is expected to grow at a CAGR of 8.12% and reach USD 1.54 billion in 2021 from USD 1.04 billion in 2016.
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The Europe Acidity Regulators market is expected to show evident potential in the forecasting period. The market continues to build up momentum with increasing awareness among people regarding nutrition, health and food safety as well.
There has been a rapid growth in the market recently and is expected to continue.
Acidity Regulators are a crucial component in the food additives industry. Food acidity regulators are utilized for food flavouring and also for providing them with an acidic medium, which in turn helps in increasing the shelf life of these products.
They are also used in the form of preservative in order to avoid any microbial activity in the food products.
Increasing demand for food & beverages as well as food safety, among consumers has been the driving force for the market over recent years. Other factors helping the growth of the market include increasing focus on health and nutrition, emerging value added products in the market, the impact of modern technology and finally shift of demand towards sauces, dressings and condiments.
On the other hand, there are factors which restrain the growth of the market. These include the market being flooded by the low cost suppliers and possibility of ill effects on health.
These factors have been hindering the market from reaching its potential.
The Europe Acidity Regulators market is divided based on type and application. The segmentation on the basis of type is done into malic acid, citric acid, lactic acid, acetic acid, phosphoric acid.
Under segmentation by type the market is dominated by citric acid and is followed by phosphoric acid. On the basis of application, the market is categorized into sauces, dressings & condiments, beverages, processed food, bakers & confectionery.
Based on application, the processed food sector is expected show the highest CAGR in the coming years. On the basis of geography, the Europe market is analysed under various regions namely U.K, Germany, Spain, Italy and France.
Some of the major competitors in the Acidity Regulators market are:
- American Tartaric Products Inc.
- Brenntag Pacific Inc.
- Bartek Ingredients Inc.
- Fbc Industries Inc.
- Hawkins Watts Ltd.
- Fosfa Chemicals
- Cargill Incorporated
- Fuerst Day Lawson Ltd.
- H Plus Ltd.
- Merko Group Llc.
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