(Entertainment-NewsWire.com, March 14, 2018 ) According to a new market research report "Acidity Regulators Market by Product Type (Lactic Acid, Citric Acid, Acetic Acid, Malic Acid, Phosphoric Acid), by Application (Sauces, Dressings & Condiments, Beverages, Processed Food, Bakers & Confectionery), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021) ", published by MarketDataForecast™, the market is expected to reach USD 6.68 Billion by 2021 from USD 4.52 Billion in 2016, at a CAGR of 8.14%. Increasing focus on health and nutrition, impact of modern technology, rise in demand for foods & beverages and their preserving need are the major drivers promoting growth in this market.
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Citric Acid accounted for the largest market share in 2016
By product, the acidity regulators Market is classified into Lactic Acid, Citric Acid, Acetic Acid, Malic Acid, Phosphoric Acid. Citric acid segment dominated the market in 2016, this is due the rise in use of citric acid in non – alcoholic beverages such as fruits and vegetables resulting in the growth of this segment. Malic acid is expected to be the fastest growing segment in the forecast period.
The Beverages segment dominated the market in 2016
By Application, the market is segmented into Sauces, Dressings & Condiments, Beverages, Processed Food, Bakers & Confectionery. Beverages occupied the highest share of the market in 2016. Growing demand for energy drinks and introduction of exotic colour blends is expected to opened large applications for acidity regulators.
Asia - Pacific is commanded the largest share of the market
Based on region, the Acidity Regulators Market is segmented into North America, Europe, Asia, and Rest of the World (RoW). Asia - Pacific is expected to dominate the acidity regulators market in 2016 and is expected to continue the pace for the next few years. This growth is due to the rise in population resulting in the demand for foods & beverages.
Key players in the Acidity Regulators Market include American Tartaric Products Inc., Brenntag Pacific Inc., Fbc Industries Inc., Fuerst Day Lawson Ltd., H Plus Ltd., Bartek Ingredients Inc., Cargill Incorporated, Fosfa Chemicals, Hawkins Watts Ltd., Merko Group Llc.
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