Market Size of China Food Acidulants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Food Acidulants Market Analysis
The China food acidulants market is projected to grow at a CAGR of 4.4% during the forecast period 2020 - 2025.
- The market is majorly driven by the wide scope of its application in most of the food and beverage industries such as bakery, confectionery, dairy, meat industry, and beverage industries, coupled with the range of functional benefits that help to preserve food for a prolonged period of time. It is also used as a flavoring agent, chelating agent, buffer, gelling agent and coagulating agent, thus boosting its usage in the food and beverage sector. Furthermore, increasing convenience food product demand is likely to have a noticeable impact on the growth of the food acidulants market in China over the forecast period. Thus, in addition to the launch of new processed foods increases, the opportunities for the acidulants market in the country also increases.
- However, factors such as the overdosage of phosphoric acid that has the potential to contribute to the formation of kidney stones, especially in those who have had kidney stones previously, are restraining the growth of the market.
China Food Acidulants Industry Segmentation
The China food acidulants market has been segmented by type and application. By type, the market is segmented into citric acid, phosphoric acid, lactic acid, acetic acid, malic acid; and by application into beverages, dairy & frozen products, bakery, meat industry, confectionery, and others.
| By Type | |
| Citric Acid | |
| Lactic Acid | |
| Acetic Acid | |
| Others |
| By Application | |
| Beverages | |
| Dairy | |
| Bakery | |
| Confectionery | |
| Meat Industry | |
| Others |
China Food Acidulants Market Size Summary
The China food acidulants market is experiencing growth driven by its extensive application across various food and beverage sectors, including bakery, confectionery, dairy, meat, and beverages. The functional benefits of acidulants, such as preservation, flavor enhancement, and their roles as chelating, buffering, gelling, and coagulating agents, are significant contributors to their increasing usage. The rising demand for convenience foods further propels market expansion, as the introduction of new processed foods creates additional opportunities for acidulants. However, concerns regarding the overdosage of phosphoric acid, which can lead to health issues like kidney stones, pose challenges to market growth.
Phosphoric acid, in particular, is widely used in the food and beverage industry for its acidity regulation and preservation properties, especially in products like jams, cereal bars, and processed meats. Its application in the alcoholic beverage sector is notable, as it imparts a tangy taste and inhibits mold and bacteria growth in sugary formulations. The dairy industry has also seen significant growth in acidulant usage, with citric acid being used to control acidity and reduce fermentation time while maintaining product quality. The market in China is consolidated, with key players like Tate & Lyle PLC, ADM Group, Corbion NV, Galactic SAV, and COFCO leading through strategic mergers, acquisitions, and product development to enhance their market presence.
China Food Acidulants Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Citric Acid
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2.1.2 Lactic Acid
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2.1.3 Acetic Acid
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2.1.4 Others
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2.2 By Application
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2.2.1 Beverages
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2.2.2 Dairy
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2.2.3 Bakery
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2.2.4 Confectionery
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2.2.5 Meat Industry
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2.2.6 Others
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China Food Acidulants Market Size FAQs
What is the current China Food Acidulants Market size?
The China Food Acidulants Market is projected to register a CAGR of 4.40% during the forecast period (2024-2029)
Who are the key players in China Food Acidulants Market?
Tate & Lyle PLC, Corbion NV, Galactic SA/NV, COFCO , Henan Jindan Lactic Acid Technology Co., Ltd and Archer Daniels Midland Company are the major companies operating in the China Food Acidulants Market.
