Market Trends of Argentina Food Acidulants Industry
This section covers the major market trends shaping the Argentina Food Acidulants Market according to our research experts:
Rising Demand for Citric Acid as an Acidulant
The demand for citric acid as an acidulant has been witnessed to increase significantly in the Argentina acidulant market. The major advantages of citric acid, as an acidulant, are its high solubility in water, the appealing effects on food flavor, and its potent metal-chelating action. Moreover, the trend of preference shift towards clean label ingredients in the country is expected to boost the requirement of natural and bio-based ingredients in the near future, thus providing scope for the consumption of natural acidulant materials to a considerable extent over the forecast period. Furthermore, the affordable prices of citric acid allow the manufacturers to use it efficiently in the manufacturing of food and beverages. However, due to the lack of production of citric acid in the country, the import value of citric acid is relatively high in the country. For instance, according to UN Comtrade, the import value of citric acid in 2018 was USD 30,645 million, with an imported quantity of approximately 32,715 tons in Argentina.
Acquisitive Demand of Food Acidulant in Bakery & Confectionery Industries
Acidulants are used in the bakery and confectionery industries to impart sour taste, adjusting the pH, enhancing and modifying the flavors and sweetness of sugars, performing leavening functions in baked goods, controlling gel formation and maintaining the viscosity of confections and gelatine desserts, etc. The advancement in the bakery and confectionery industry dedicated to health-oriented consumers with the development of low-calorie, organic products are gaining a large number of consumer base supplementing the growth of additives market including food acidulants. Thus, due to the increasingly busy lifestyles, the consumers are more inclined towards processed foods, such as baked and confectionery goods, which, in turn, accelerates the growth of the food acidulants market during the forecast period.
