The
global acidity regulators market is characterized by a fairly
fragmented landscape with high intensity of competition, finds
Transparency Market Research (TMR).This is on account of the presence
of a large number of prominent players and several companies are
based in China. TMR notes that in order to gain a better foothold
over the market, several players are engaged in constant products
launches. A growing number of players consider it worthwhile on
making strategic tie-ups and enter into collaborations, with an aim
to consolidate their positions and stay ahead of their competitors.
Some
of the top players operating in the market include Corbion N.V.,
Brenntag AG, Innophos Holding Inc., Archer Daniels Midland Co.,
Cargill Incorporated, Tate and Lyle plc, Univar, and Kerry Group.
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The
global acidity regulator market is projected to rise at a CAGR of
7.3% during the forecast period of 2015–2021. The opportunities in
the market is expected to rise from a worth of US$3.93 billion in
2014 to touch valuation of US$6.43 billion by the end of this period.
The
various product types of acidity regulators used in various
applications are acetic acid, citric acid, maleic acid, lactic acid,
and phosphoric acid. Of these, citric acid leads the pack accounting
for the dominant share. This is attributed to the widespread
application in the segments of bakery products, processed foods, soft
drinks, and non-alcoholic beverages.
On
the regional front, Asia Pacific held the major share in 2014 and it
is also projected to expand at the most attractive CAGR of 7.6% over
the assessment period. The growth is essentially powered by the
revenue contributed by China. The country stands as a prominent
manufacturer and producer of a broad range of the products.
The
substantial demand for acidity regulators in various end-use
industries, especially in the food and beverages sector, rides on the
back of a burgeoning demand for ready-to-eat food segment world over.
The extensive demand for acidity regulators for maintaining an
appropriate pH in a wide variety of food products is on account of
the role they play in altering the acidity and alkalinity. The
application of acidity regulators prevents bacterial growth, thus
keeping the food fresh for longer period while also keeping the
flavor unchanged.
The
thriving demand for acidity
regulators in regions that witness substantial consumption of
processed food, such as in developing and developed countries is a
key factor accentuating the market. The proliferating demand for
sauces, condiments, and dressing riding on the back of substantial
strides that the industry has experienced in recent years.
Indiscriminate
Consumption of Food Containing Acidity Regulators may Impact Human
Health
However,
there are some downsides to the demand for acidity regulators. The
growth of the acidity regulators market is being impeded by the fact
that their regular consumption imparts adverse impact on human life.
It may lead to conditions of nausea, diarrhea, and vomiting. This
hinders the market to realize its full potential.
Nevertheless,
the market in the years to come will see advancements in food
additives with better food preserving and acidity regulating
capabilities. The expanding breadth of applications of acidity
regulators apart from being used as acidity regulators such as in the
skincare and cosmetics industries is expanding the overall market.
The
rising demand for acidity regulators in applications for areas such
as cosmetics and skincare products is providing a robust catalyst to
the growth of the market. The usage makes the products less sensitive
to the skin of the user.
For
more Information:
https://globenewswire.com/news-release/2015/06/15/744664/10138490/en/Acidity-Regulators-Market-in-terms-of-revenue-is-expected-to-Reach-USD-6-34-Billion-in-2021-Transparency-Market-Research.html
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