Russia Food Acuidulants Market Analysis:
Russia Food Acuidulants Market is expected to increase from USD xx.x billion in 2019 and is anticipated to reach an extent of USD xx.x billion with a CAGR of 3.34% throughout the outlook period (2019-2025).
Acids such as phosphoric, citric, acetic, and lactic acids are strong, colorless, and odorless inorganic acids that are essential additives, which are often found in glues and other dark sodas. Strength and flavor have a neutral profile of food-grade phosphoric acid, making it a desirable choice for low pH foods and beverages. Furthermore, the high consumption of beverages continued to be one of the key factors in the Russian acidulant market during the forecast period.
Recent Developments
Market Drivers and Restraints:
Every year, the total number of food and beverage launches has increased steadily over the past decade in Russia, supporting the growing demand for specialty food ingredients in the region. The partnership between packaged food and ingredient companies is evolving, due to the highest levels of collaborative innovation and product development, to meet new consumer trends and regulatory constraints. In addition, acidulants like phosphates in processed foods can not only maintain and improvise the structure, color, taste, and other sensory attributes of foods, but also improve the performance of baked foods by achieving optimal yeast. Therefore, adding special ingredients such as citric acid, phosphoric acid and the like can help prepare quality food, which benefits consumers in general.
Market Segmentation:
The Russia Food Acuidulants Market has been segmented by type into acetic acid, lactic acid, citric acid, malic acid, phosphoric acid, and others. The citric acid segment, followed by phosphoric acid, dominates the acidulant market. The main application of acidulants are found in soft drinks and carbonated beverages, followed by condiments, sauces and processed food products.
Food acidulants are widely used in dry form. Dry foods are available in the form of granules, powder, and crumbs. It is a product widely consumed throughout the world. Most food additive manufacturers on the market offer their food acidulant in dry form due to its ease of use, storage and transport. Additionally, dry food acidulants are widely used in animal diets because they are affordable compared to liquid foods and require less maintenance. As a result of these factors, the segment is expected to gain more market share during the forecast period. The use of mixed acidulants is a new trend in this market, with unique compound acidulants extensively employed in applications.
Impact of COVID-19 on Russia Food Acidulants Market
Food and beverage companies around the world, from cafe and restaurant owners to large food manufacturers and retailers, continue to feel the impact of COVID-19. Social isolation, self-isolation, and the closure of the entire city have forced many facilities to be closed in countries in Asia, Europe, and the rest of the world. Under immense pressure from consumers who stock products, empty shelves are becoming common in supermarkets and supermarket chains around the world. Household items like toilet paper, hand washing, canned goods, and frozen foods have been the hardest hit, but as the situation changes, individual chains have begun to change their business models. Elsewhere to meet increased demand, some supermarkets are relocating staff to assist in food sales operations.
Regional Analysis:
Russian consumers have become more demanding in terms of beverage flavors and added value in terms of added ingredients. In response to this trend, producers must expand their product lines with these acidulants. Jan Instacne, the Russian wine market represents a $ 693 million market, making it the seventh largest wine market in the world. Russian imports of sparkling and table wines increased by around 4.5% in 2016, reaching 174.73 million liters and 34.85 million liters, respectively. The strength of the country's wine market is the main factor driving sales of food grade phosphoric acid in the market. Therefore, heavily consumed cola in Russia remains one of the main factors driving demand for acidulants during the forecast period.
Leading Company
Dmitrievsky Chemical Plant had the largest share of the Russian Food Acuidulants Market in terms of sales and revenue in 2019.
Key Players
The Russia Food Acuidulants Market is concentrated with well-established players. Key players in the Russia Food Acuidulants Market include Tate & Lyle plc, DHZ – Dmitrievsky Chemical Plant, Filtron Envirotech, and Prayon Group.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Food Acidulants Market, By Type
6.1.1 Acetic Acid
6.1.2 Lactic Acid
6.1.3 Citric Acid
6.1.4 Malic Acid
6.1.5 Phosphoric Acid
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Food Acidulants Market, By Application
6.2.1 Bakery and Confectionery
6.2.2 Meat Industry
6.2.3 Dairy And Frozen Products
6.2.4 Drinks
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 Europe
7.2.1 By Country
7.2.1.1 UK
7.2.1.2 France
7.2.1.3 Germany
7.2.1.4 Spain
7.2.1.5 Italy
7.2.1.6 Rest of Europe
7.2.2 By Type
7.2.3 By Application
8. Key Player Analysis
8.1 Tate & Lyle
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Hawkin Watts
8.3 ADM
8.4 Cargill Inc
8.5 Brenntag
8.6 Huangshi Xinghua Biochemical Co. Ltd
8.7 COFCO Biochemical
8.8 DuPont
8.9 DSM
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
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