The market continues to build up momentum with the growing awareness among people about health, nutrition as well as food safety and thus there has been rapid growth in the market recently. Acidity Regulators are one of the most important components in the food additives industry.
According to the report “Asia-Pacific 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, Asia-Pacific Acidity Regulators Market has been estimated at USD 1.45 billion in 2016 and is projected to reach USD 2.18 billion by 2021, at a CAGR of 8.56% during the forecast period from 2016 to 2021.
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The APAC Acidity Regulators market is showcasing significant potential in the mentioned forecast period.
Food acidity regulators are used for the purpose of food flavouring as well as providing them with an acidic medium, which is necessary for increasing the shelf life of the products. They are also used as 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, shift of demand towards sauces, dressings and condiments and finally the modern technology’s impact on market.
On the other hand, there are some factors which hinder the market growth. These include the market being flooded by the low cost suppliers and possibility of ill effects on health.
These factors have been restraining the market from reaching its potential.
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The Asia-Pacific Acidity Regulators market is categorized on the basis of application and type. The market segmentation based on type is done into acetic acid, malic acid, lactic acid, citric acid and phosphoric acid.
The citric acid accounts for almost half of the total market share followed by phosphoric acid. Based on application, the market is segmented into processed foods, beverages, sauces, dressing & condiments and bakers & confectionery.
The processed food segment is expected to be the fastest growing in the forecast period. On the basis of geography, the Asia-Pacific market is analysed under various regions namely China, India, Australia, Japan and South Korea.
The major companies dominating the market share include:
- Bartek Ingredients Inc.
- American Tartaric Products Inc.
- Brenntag Pacific Inc.
- Fbc Industries Inc.
- Cargill Incorporated
- Fosfa Chemicals
- Hawkins Watts Ltd.
- Fuerst Day Lawson Ltd.
- H Plus Ltd.
- Merko Group Llc.
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