Asia Pacific Acidity Regulators Market has been estimated at USD 1.7 billion in 2022 and is projected to reach USD 2.56 billion by 2028, at a CAGR of 8.56% during the forecast period from 2023 to 2028.
The Acidity Regulators market is showcasing significant potential in the mentioned forecast period. The market continues to build up momentum with the growing awareness among people about health, nutrition as well as food safety and thus there has been rapid growth in the market recently.
Acidity Regulators are one of the most important components in the food additives industry. Food acidity regulators are used for the purpose of food flavouring as well as providing them with an acidic medium, which is necessary for increasing the shelf life of the products. They are also used as preservative in order to avoid any microbial activity in the food products.
Increasing demand for food & beverages as well as food safety, among consumers has been the driving force for the market over recent years. Other factors helping the growth of the market include increasing focus on health and nutrition, emerging value added products in the market, shift of demand towards sauces, dressings and condiments and finally the modern technology’s impact on market. On the other hand, there are some factors which hinder the market growth. These include the market being flooded by the low cost suppliers and possibility of ill effects on health. These factors have been restraining the market from reaching its potential.
The Asia Pacific market for Acidity Regulators is categorized on the basis of application and type. The market segmentation based on type is done into acetic acid, malic acid, lactic acid, citric acid and phosphoric acid. The citric acid accounts for almost half of the total market share followed by phosphoric acid. Based on application, the market is segmented into processed foods, beverages, sauces, dressing & condiments and bakers & confectionery. The processed food segment is expected to be the fastest growing in the forecast period.
Geographically the Asia Pacific Acidity Regulators Market is segmented into India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia.
Key Players in the Market:
Major Key Players in the APAC Acidity Regulators Market are
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