+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Australia Food Acidulants Market - Growth, Trends, and Forecasts (2020-2025)

  • ID: 5012002
  • Report
  • May 2020
  • Region: Australia
  • 80 Pages
  • Mordor Intelligence

FEATURED COMPANIES

  • Blants Australia
  • Cargill Incorporated
  • Corbion NV
  • Merck KGaA
  • Tate & Lyle
The Australian food acidulants market is projected to register a CAGR of 3.61% during the forecast period (2020-2025).
  • The Australian food acidulants market is driven by the growing processed food and beverage market and their consumption by the burgeoning middle-class population. Chinese players, especially in citric acid, pose a high threat for the Western players, and hence, regulatory checks on imports to create perfect competition are still in the nascent stages in several countries.
  • The key potential this industry sees is in the form of manufacturers adopting technologies to improve their production processes to meet the capacity requirements.

Key Market Trends

Phosphoric Acid Poses Great Potential in the Market

Phosphoric Acid 85% Food Grade Orthophosphoric FCC Additive Aqueous Solution is frequently used in Australian products, such as various colas and jams. The FCC grade meets the requirements of the Food Chemical Codex that indicates that it is suitable for all the food, beverage, and nutritional supplement applications. Food-grade phosphoric acid is used to acidify foods and beverages, such as various soft drinks and jams. Pure food-grade acid is used as an additive in food sauces, mayonnaise, and fruit juices and in the manufacturing of cottage and processed cheese, fats, and shortenings.

Beverages Held the Largest Market Share

Acidulants are used to prevent the growth of bacteria and fungi in the sugary drinks, making the beverages segment the largest consumer of food-grade acidulants. Citric acid, owing to its natural and abundant occurrence, has been used extensively in the beverage industry to infuse its tangy taste in the drink. However, many leading beverage companies across the world are now replacing citric acid with phosphoric acid in their product compositions, portraying an optimistic market for the ingredient. For instance, Coca-Cola incorporates phosphoric acid, which is used in its certain sparkling beverages to add tartness to the beverage.

Competitive Landscape

The market for food-grade acidulants in Australia is fragmented, owing to the presence of numerous global and regional players, such as Tate & Lyle, Archer Daniels Midland Company, and Cargill Incorporated. The market has a strong presence of players, especially from the Asia-Pacific region, with China and India holding prominent shares.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support


This product will be delivered within 2 business days.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Blants Australia
  • Cargill Incorporated
  • Corbion NV
  • Merck KGaA
  • Tate & Lyle

1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - 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 MARKET SEGMENTATION
5.1 Type
5.1.1 Citric Acid
5.1.2 Phosphoric Acid
5.1.3 Lactic Acid
5.1.4 Other Types
5.2 Application
5.2.1 Beverages
5.2.2 Dairy and Frozen Products
5.2.3 Bakery
5.2.4 Meat Industry
5.2.5 Confectionery
5.2.6 Other Applications
6 COMPETITIVE LANDSCAPE
6.1 Market Position Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Tate & Lyle
6.3.2 Archer Daniels Midland Company
6.3.3 Cargill Incorporated
6.3.4 Corbion NV
6.3.5 Sinca Industries Australasia Pty Ltd
6.3.6 Merck KGaA
6.3.7 Blants Australia
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Tate & Lyle
  • Archer Daniels Midland Company
  • Cargill Incorporated
  • Corbion NV
  • Sinca Industries Australasia Pty Ltd
  • Merck KGaA
  • Blants Australia
Note: Product cover images may vary from those shown

Loading
LOADING...