The Brazilian food acidulants Market is anticipated to register a CAGR of 7.5% during the forecast period (2020-2025).
- A wide scope of application in the food and beverage industry, coupled with a range of functional benefits provided by food acidulants, are the key factors driving the food acidulants market in the country.
- With the economic development, along with changing consumer behavior in the country, it outshines as a promising market for the food and beverage industry supplementing the consumption of food acidulants.
Key Market Trends
Increasing Demand For Processed Foods in the Country
Commercially, the most attractive markets for ultra-processed food and drink products are no longer the fully industrialized high-income countries. They are the middle-and low-income countries, including Brazil. Brazil has shown rapid demand for processed foods in the past few years. Ultra-processed foods are the market segment that found a faster growth in the country. The nutritional profile of the fraction of ultra-processed food consumption, which showed higher energy density, higher overall fat content, higher saturated and trans fat, higher levels of free sugar and less fiber, protein, sodium, and potassium, when compared to the fraction of consumption related to natural or minimally processed foods, have propelled the demand. Thus, the increasing demand for processed food in the region is expected to boost the market sales.
Citric Acid is the Most Used Acidulant
Citric acid is the most prevalent organic acid used in food and beverages. It is a natural flavoring agent and preservative used in food preparations, due to its compatibility with most of the end products. In the developing markets, like Brazil, price plays a vital role in the sale of products. The affordable prices of citric acid allow the manufacturers to use it efficiently in the manufacturing of food, beverage, pharmaceuticals, etc. Looking for attractive market opportunities, the local manufacturers are launching citric acid in various forms, to cater to the rising demand across industries.
The Brazilian food acidulants market is a fragmented market with the presence of various regional and global players. The key players are also known to adopt effective production standards, higher operational capabilities, particularly with the design and development of specialized grades of acidulants.
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1.2 Scope of the Study
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1.1 Citric acid
5.1.2 Phosphoric acid
5.1.3 Lactic acid
5.1.4 Other Types
5.2 By Application
5.2.2 Dairy and Frozen products
5.2.4 Meat Industry
5.2.6 Other Applications
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Cargill Incorporated
6.3.2 Tate & Lyle
6.3.3 The Archer Daniels Midland Company
6.3.4 Kemin Industries Inc
6.3.6 Maxsoy Foods