Middle East and Africa Acidity Regulators market estimated to grow at a CAGR of 8.17% CAGR during 2016 to 2021
The Middle East and Africa Acidity Regulators market is estimated to reach USD 0.54 billion by 2021 from a market value of USD 0.36 billion in 2016 at a CAGR of 8.17%.
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The Acidity Regulators market is showcasing significant potential over the mentioned forecast period. The market continues to build up momentum with the increase in public awareness regarding the health, nutrition and food safety.
As a result there has been huge growth in the market lately.
Acidity Regulators are one of the important components of the food additives industry. Food acidity regulators are used in food flavouring and also providing them with an acidic medium, which helps in improving the shelf life of the products.
These are also used in the form of preservative to avoid any microbial activity in the food products.
Growing demand for food & beverages and also food safety, among consumers has been the major factor driving the market over recent years. Other factors fuelling the growth of the market are emergence of value added products in the market, shift of demand towards sauces, dressings and condiments, increasing focus on health and nutrition, and finally the impact of modern technology.
On the other side, there are some factors hindering the growth of the market. These include the market being flooded by the low cost suppliers and ill effects on health.
These factors are restraining the market from reaching its actual potential.
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The Middle East & Africa Acidity Regulators market is segmented based on type and application. The market is segmented on the basis of type under citric acid, malic acid, phosphoric acid, acetic acid and lactic acid.
Citric acid accounts for the largest market share followed by phosphoric acid. On the basis of application, the market is divided into beverages, processed foods, bakers & confectionery, sauces, dressings and condiments.
Processed food segment is expected to show the highest growth rate in the upcoming years. On the basis of geography, the Middle East & Africa market is analysed under various regions namely Middle East and Africa.
The major companies showing interest in the market lately, include Bartek Ingredients Inc., Hawkins Watts Ltd., Brenntag Pacific Inc., American Tartaric Products Inc., Cargill Incorporated, Fosfa Chemicals, Fuerst Day Lawson Ltd., H Plus Ltd., Merko Group Llc.
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