The US food acidulants market is projected to grow at a CAGR of 7.1% during the forecast period (2020-2026). The major factor that drives the growth of the market includes the rapid evolution of the food & beverages industry across the country. With the rise in the population and rising disposable income, people opt to pay for a more premium and luxury packaged product which is likely to enhance the growth of the US food acidulants market over the forecast period. Food acidulants also aid in enhancing the shelf life of the product along with the taste, thereby enhancing the growth of the market over the forecast period. Further, there has been increased adoption of bakery and confectionery products which also supports the market growth in the country.
The US 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.
Some of the prominent players operating in the US food acidulants market include Archer Daniels Midland Co., Cargill Inc., Corbion NV, Foodchem Group, Global Specialty Ingredients, Hawkins Watts Ltd., and Tate & Lyle Plc among others. 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 US 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:
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:
The Report covers:
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Market Determinants
3.1. Motivators
3.2. Restraints
3.3. Opportunities
4. Market Segmentation
4.1. US Food Acidulants Market by Type
4.1.1. Acetic Acid
4.1.2. Citric Acid
4.1.3. Lactic Acid
4.1.4. Malic Acid
4.1.5. Phosphoric Acid
4.1.6. Others
4.2. US Food Acidulants Market by Applications
4.2.1. Dairy & Frozen products
4.2.2. Bakery&Confectionery
4.2.3. Beverages
4.2.4. Meat Products
4.2.5. Others
5. Company Profiles
5.1. Archer Daniels Midland Co.
5.2. Batory Foods, Inc.
5.3. Cargill Inc.
5.4. Corbion NV
5.5. FBC Industries, Inc.
5.6. Foodchem Group
5.7. Global Specialty Ingredients
5.8. Hawkins Watts Ltd.
5.9. Kemin Industries Inc.
5.10. RP International Ltd.
5.11. Tate & Lyle Plc
5.12. Univar Solutions Inc.
1. US FOOD ACIDULANTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2026 ($ MILLION)
2. US FOOD ACIDULANTS MARKET RESEARCH AND ANALYSIS BY APPLICATIONS, 2019-2026 ($ MILLION)
1. US FOOD ACIDULANTS MARKET SHARE BY TYPE, 2019 VS 2026 (%)
2. US FOOD ACIDULANTS MARKET SHARE BY APPLICATIONS, 2019 VS 2026 (%)
3. US ACETIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
4. US CITRIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
5. US LACTIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
6. US MALIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
7. US PHOSPHORIC ACID MARKET SIZE, 2019-2026 ($ MILLION)
8. US OTHER FOOD ACIDULANTS MARKET SIZE, 2019-2026 ($ MILLION)
9. US DAIRY & FROZEN PRODUCTS MARKET SIZE, 2019-2026 ($ MILLION)
10. US BAKERY & CONFECTIONERY MARKET SIZE, 2019-2026 ($ MILLION)
11. US BEVERAGES MARKET SIZE, 2019-2026 ($ MILLION)
12. US MEAT PRODUCTS MARKET SIZE, 2019-2026 ($ MILLION)
13. US OTHER APPLICATIONS MARKET SIZE, 2019-2026 ($ MILLION)