The US food acidulants market is anticipated to grow at a CAGR of 7.1% over the forecast period (2020-2026). The market has been segmented on the basis of type and applications. Based on the type, the market is segmented into acetic acid, citric acid, lactic acid, malic acid, phosphoric acid, and others. Based on the applications, the market is segmented into dairy & frozen products, bakery & confectionery, beverages, convenience food, meat products, and others. The beverages segment is likely to hold a substantial share in the market over the forecast period.
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There has been substantial adoption of beverages including soft drinks, energy drinks, and juices in the country. This increases the use of acidulants in beverage industries and which in turn, enhances the overall growth of the US food acidulants industry over the forecast period. Further, for the long preservation of the drink as well as to prevent it from getting affected by microbes, these food acidulants are used. Food acidulants act as preservatives in various beverages such as fruit-flavored drinks and other soft drinks. In the country, citric acid and phosphoric acid are among the most common food acidulants, which are used in producing cola drinks that are sold massively all over the country. Hence, this is likely to contribute to the growth of the market over the forecast period.
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Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Type and By Applications
- Country Covered- US
- Competitive Landscape- Archer Daniels Midland Co., Cargill Inc., Corbion NV, Foodchem Group, Global Specialty Ingredients, Hawkins Watts Ltd., and Tate & Lyle Plc among others
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 forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
US 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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