The global food acidulants market is projected to grow at a CAGR of around 7.2% during the forecast period (2020-2026). Food acidulants aids in enhancing the shelf life of any food product by reducing spoilage from air, bacteria, fungi, and yeast. Acidulants aids in preserving, stabilizing, maintaining the pH level, and enhancing the food property. The major factors that drive the growth of the market include the wide scope of applications of food acidulants in the overall food and beverage industries. The robust growth in the food and beverage industry is likely to positively impact the growth of the food acidulant market over the forecast period.
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The other factor that contributes to the growth of the market includes rising instant food consumption. The packaged food industry has been substantially rising with the increasing urbanization, increasing consumer spending, and the expansion of food retailers across the globe. Hence, this further demands the key food ingredients including acidulants for food preservation and enhancing the shelf life. This, in turn, contributes to the growth of the market over the forecast period.
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Global 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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