Featuring
the presence of several prominent players, the global market for
acidity regulators has a largely fragmented vendor landscape with a
number of companies domiciled in China, observes Transparency Market
Research in a recent report. Owing to the intense level of
competition that a fragmented vendor landscape generally induces,
companies are focusing on constant product launches and strategic
collaborations. Some of the leading companies in the market are
Univar, Kerry Group, Tate and Lyle plc, Cargill Incorporated, Archer
Daniels Midland Co., Innophos Holding Inc., Brenntag A.G., and
Corbion N.V.
Transparency
Market Research states that the global acidity regulator market will
exhibit a positive 7.3% CAGR between 2015 and 2021, rising from a
valuation of US$3.93 bn in 2014 to a revenue opportunity of US$6.43
bn by 2021.
Asia
Pacific Market to Continue to Assert Dominance
By
product type, the segment of citric acid is expected to remain the
leading segment of the global acidity regulators market over the
report’s forecast period. The segment presently accounts for the
dominant share of the market owing to its vast usage across processed
foods, bakery products, soft drinks, and non-alcoholic beverages.
From
a geographical standpoint, the report examines the market for acidity
regulators into North America, Europe, Asia Pacific, and Rest of the
World, among which Asia Pacific led the global market in 2014. The
APAC acidity
regulators market is also expected to exhibit the dominant
CAGR of all regional segments, an estimated 7.6% over the period
between 2015 and 2021. The market for acidity regulators in APAC is
chiefly driven by China, which is one of the world’s leading
consumers as well as producers of a variety of acidity regulators.
Rising
Demand for Packaged Foods and Beverages to Fuel Global Consumption
The
acidity regulators market is primarily boosted by the growing demand
for packaged and ready to eat foods and beverages. Since the
consumption of these foods is not instant, manufacturers need to
include acidity regulators in order to prevent bacterial growth as
well as to keep the pH and flavor of the food intact. This has driven
the global acidity regulators market in recent years. The demand for
food regulators is inevitably high in countries registering high
demand for processed food. While developed countries provide
lucrative prospects for the acidity regulators market, the key
vendors in the industry have also successfully identified profitable
opportunities in emerging economies.
The
market for acidity regulators is also benefitting from the vast use
of a variety of acidity regulators in cosmetics and skincare products
in the coming years. Since these products are applied straight on to
the skin, they have to match the pH of the skin to avoid adverse
effects. Acidity regulators help massively in this regard, negating
the alkalinity of cosmetic ingredients and allowing skincare products
to have effect with no health risks.
Health
Concerns Associated with Regular Consumption to Limit Adoption of
Acidity Regulators
Despite
its positive projected growth trajectory, the global acidity
regulators market is not free from hindrances. Regular consumption of
acidity regulators can have several adverse side effects on the human
body, such as nausea, vomiting, diarrhea, and other complications.
Such factors are restraining the market from treading along a smooth
growth path and could have a negative impact on the overall
development of the market in the near future to an extent.
This
review of the global acidity regulators market is based on a recent
market research report by Transparency Market Research, titled
“Acidity Regulators Market By Type (Citric Acid, Phosphoric Acid,
Acetic Acid, Lactic Acid and Maleic Acid) and By Application
(Beverages, Sauces Dressings and Condiments, Processed Foods, Bakery
and Confectionery) - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015–2021.”
For
the study, the market has been segmented as follows:
Global
Acidity Regulators Market, by product type
- Citric Acid
- Phosphoric Acid
- Acetic Acid
- Malic Acid
- Lactic Acid
Global
Acidity Regulators Market, by application
- Beverages
- Processed Food
- Sauces and Condiments
- Bakery
- Confectionary
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