Market Trends of United Kingdom Food Acidulants Industry
This section covers the major market trends shaping the UK Food Acidulants Market according to our research experts:
Phosphoric Acid Promises Growth in Future
According to the Office for National Statistics (United Kingdom), the import value of phosphoric acid and polyphosphoric acids from non-European countries increased from 28.20 million in 2015 to 33.7 million in 2017. These acids have their applications in the different end-user industries, including the food and beverage and pharmaceutical industries.
The pharmaceutical industry is one of the major end-users of phosphoric acid in the country, with the number of oral care products manufacturing incorporating phosphoric acid in their products. For instance, Tom's of Maine Inc. offers a mouth wash that consists of phosphoric acid in conjunction with sodium or disodium phosphate, which, in turn, helps in prevent enamel dissolution.
Confectionery Remains Fastest Growing Application
The segment is primarily driven by the growing demand for chocolate and sugar confectionery in the country. Mostly catering to kids and younger age-group, the market covers a wide range of assortments, candies, and lollipops available in different flavors in the market. Witnessing robust demand for the product in the country, global food companies are focusing to expand their product lines dedicated to confectionery or existing players are emphasizing the industry, in order to supplement segment sales. For instance, in 2017, Mondelez UK invested USD 93 million in Cadbury production in the country. Thus, increased interest of consumers, as well as manufacturers, is anticipated to boost the demand of associated ingredients, including acidulants, specifically phosphoric acid in the country.
