The Indian food acidulants market is anticipated to grow at a CAGR of 8.5% over the forecast period (2020-2026). The key factor that drives the growth of the market includes the growth in the demand for food acidulants across the country. Changing lifestyles, urbanization, increasing buying power and awareness about healthy foods are also some of the key factors that prompt the demand for convenience food among the people, this, in turn, drives the growth of the Indian food acidulants industry over the forecast period.
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There has been an increase in the demand for convenience food among the millennials, the working-class population, and teenagers. Hence, the increased demand for convenience food is likely to foster the food acidulants market over the forecast period.
Further, food acidulants are widely accepted as a preservative in convenience food for flavoring and maintaining taste and other olfactory properties. It also aids in reducing spoilage from air, fungi, bacteria, and yeast, which in turn, enhances the shelf-life of the food product.
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Additionally, it is also used as a natural flavoring and preserving agent for food preparations, due to its compatibility with the end products. Hence, this further enhances the growth of the Indian food acidulants market over the forecast period. Further, the key players operating in the market also launch various novel products in order to cater to the rising demand across industries, which further propels the market growth.
Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Type and By Applications
- Country Covered- India
- Competitive Landscape- Archer Daniels Midland Co., BASF SE, Cargill Inc., Corbion NV, Foodchem Group, Global Specialty Ingredients, Hawkins Watts Ltd., and Tate & Lyle Plc
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
India Food Acidulants Market – Segmentation
By Type
- Acetic Acid
- Citric Acid
- Lactic Acid
- Malic Acid
- Phosphoric Acid
- Others
By Applications
- Dairy & Frozen products
- Bakery & Confectionery
- Beverages
- Meat Products
- Others
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