Market Size of South America Food Acidulants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.01 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Food Acidulants Market Analysis
The South America Food Acidulants market is forecasted to witness a CAGR of 6.01% during the forecast period (2020 - 2025).
- The South American countries like Brazil make use of the 85% Phosphoric Acid- Food Grade as a liquid cleaner. It is used for clarification of fruit juices after liming processes. Thereby food phosphoric acid is driving the market in the region.
- Moroever, the breakfast cereal, cereal bars, packed coffee beverages, seasoned waters and processed foods produced in the region also contain increasing amount of food acidulants such as citric acid, food-grade phosphoric acid occasionally, due to its preserving nature. Therefore, the increaseing application of food acidulants in the food an beverage sector in South America region, is expected to drive the market further.
South America Food Acidulants Industry Segmentation
The South America food acidulants market is segmented based on type, application, and geography. By type, food acidulants market is segmented into citric acid, lactic acid, acetic acid, phosphoric acid, malic acid, and others. The application segment involves beverages, dairy & frozen products, bakery, meat industry, confectionery, and others.
| By Type | |
| Citric Acid | |
| Lactic Acid | |
| Acetic Acid | |
| Phosphoric Acid | |
| Malic Acid | |
| Others |
| by Application | |
| Beverages | |
| Dairy & Frozen products | |
| Bakery | |
| Meat Industry | |
| Confectionery | |
| Others |
| By Geography | |
| Brazil | |
| Argentina | |
| Colombia | |
| Rest of South America |
South America Food Acidulants Market Size Summary
The South America Food Acidulants market is experiencing significant growth, driven by the increasing application of these acidulants in the food and beverage sector. Countries like Brazil are utilizing food-grade phosphoric acid for various purposes, such as clarifying fruit juices and as a preservative in breakfast cereals, cereal bars, packed coffee beverages, seasoned waters, and processed foods. The demand for citric acid, a widely used food acidulant, is also on the rise, particularly in carbonated soft drinks and as a dietary supplement to enhance vitamin absorption. The prominence of the lemon and lime industry in Argentina further boosts the demand for citric acid, with a significant concentration of lemon production in Tucum√°n.
The market for food-grade phosphoric acid is also supported by its use in the refining of edible palm oil, a major industry in the region. Despite past economic challenges in Brazil, the market is expected to recover and grow, with key players like Cargill and Tate & Lyle expanding their presence to capitalize on the high demand for citric acid. The food and beverage industry remains the dominant application sector for various acidulants, including citric and phosphoric acids, which are used to modify pH and improve product quality in dairy and other food products. This growing demand across multiple industries is anticipated to drive the market forward in the coming years.
South America 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 Phosphoric Acid
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2.1.5 Malic Acid
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2.1.6 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 & Frozen products
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2.2.3 Bakery
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2.2.4 Meat Industry
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2.2.5 Confectionery
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2.2.6 Others
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2.3 By Geography
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2.3.1 Brazil
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2.3.2 Argentina
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2.3.3 Colombia
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2.3.4 Rest of South America
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South America Food Acidulants Market Size FAQs
What is the current South America Food Acidulants Market size?
The South America Food Acidulants Market is projected to register a CAGR of 6.01% during the forecast period (2024-2029)
Who are the key players in South America Food Acidulants Market?
Cargill, Incorporated, Tate & Lyle, SUCROAL, Archer Daniels Midland Company and Corbion NV are the major companies operating in the South America Food Acidulants Market.
