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.
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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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
North America 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
North America Food Acidulants Market – Countries Covered
- US
- Canada
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.
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