The North American food acidulants market is projected to grow at a CAGR of 7.0% during the forecast period (2020-2026). The major factor that drives the growth includes the rising food as well as beverages industry in the region. There has been increased adoption of packaged food across the region. Owing to the quickening pace of life and change in lifestyle, people in the region opt for packaged and ready-to-eat meals which have directly impacted the growth of the North American food acidulants market growth over the forecast period. Besides, acidulants also possess various properties such as enhances the shelf life of the food product, enhances taste, and food preservative, and many more, which are also likely to drive the growth of the market over the forecast period.

The North American food acidulants market is segmented on the basis of type and application. Based on the type, the market is segmented into acetic acid, citric acid, lactic acid, malic acid, phosphoric acid, and others. The lactic acid segment is likely to hold a substantial share in the market. Based on the applications, the market is segmented into dairy & frozen products, bakery & confectionery, beverages, meat products, and others. The beverages segment is likely to hold a substantial share in the market. 

Further, the North American food acidulants market is segmented into the US and Canada. The US dominated the market in 2019 and is projected to maintain its dominance over the forecast period.  Further, some of the prominent players operating in the North American food acidulants market include Archer Daniels Midland Co., Cargill Inc., Corbion NV, Foodchem Group, Global Specialty Ingredients, Hawkins Watts Ltd., and Tate & Lyle Plc. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships and collaborations, and many others in order to thrive in a competitive environment. 

Research Methodology

The market study of the North American food acidulants market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research papers, and news blogs
• Company websites and their product catalog

The report is intended for food acidulants manufacturing companies, food & beverage companies, other related companies, and government organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. North America Food Acidulants Market Research and Analysis by Type
2. North America Food Acidulants Market Research and Analysis by Application

The Report covers:

• Comprehensive research methodology of the North American food acidulants market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American food acidulants market.
• Insights about market determinants that are stimulating the North American food acidulants market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.