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India Food Acidulants Market - Growth, Trends, and Forecast (2020 - 2025)

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  • 90 Pages
  • April 2020
  • Region: India
  • Mordor Intelligence
  • ID: 5012148
The Indian food acidulants market is anticipated to register a CAGR of 7.5% during the forecast period (2020-2025).

Food acidulants are one of the primary food additives used in the food and beverages industry and are one of the fastest growing segments. The increasing population in the country, with an increasing appetite for processed food and beverages, is the main driving force for the food acidulants market.

Apart from controlling the acidity levels, these ingredients assist the preservation of food and drinks and act as gelling agents. Acidulants are used to obtain a sharp taste, especially in sauces, jams, and CSDs.

Citric acid dominates the acidulants market. The important properties of citric acid, such as microorganism growth, pH flexibility, and flavor enhancing properties, are expected to drive the market, thus, addressing consumer demands for taste, safety, and appeal.

Key Market Trends

Growing Demand for Convenience Food

The demand for convenience food is growing at a faster pace, due to changes in social and economic patterns, as well as increase in urbanization, buying power and awareness about health foods, changes in meal pattern, etc. They are becoming extremely popular, especially among the working-class people, teenage children, people living in hostels, and bachelors. Convenience, coupled with the increase in health consciousness, could be a major reason for the growth in certain food categories, such as packed fruits juices. Food acidulants serve an essential role in the manufacturing of packaged and convenience food. Additionally, they are widely used to preserve the flavor and maintain the taste and other olfactory properties. Moreover, it helps in reducing spoilage from air, bacteria, fungi, and yeast, which in turn, increases the product shelf-life.

Citric Acid is the Mostly Used Acidulant

Citric acid is the most prevalent organic acid used in food and beverages. Additionally, 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 India, cost plays a vital role in the sales 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 manufacturer launched a range of citric acid in various forms, to cater to the rising demand across industries.

Competitive Landscape

The Indian food acidulants market is fragmented, with the presence of various regional and global players. The key players are also known for the adoption of effective production standards and higher operational capabilities, particularly in the design and development of specialized grades of acidulants.

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Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
3.1 Market Overview
4.1 Market Drivers
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 By Type
5.1.1 Citric Acid
5.1.2 Phosphoric Acid
5.1.3 Lactic Acid
5.1.4 Acetic Acid
5.1.5 Malic Acid
5.1.6 Other Types
5.2 By 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
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Tate & Lyle
6.4.2 ADM
6.4.3 Brenntag AG
6.4.4 Cargill Inc.
6.4.5 Jungbunzlauer Suisse AG
6.4.6 Corbion NV
6.4.7 Parry Enterprises India Ltd
6.4.8 Acuro Organics Limited

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Tate & Lyle
  • ADM
  • Brenntag AG
  • Cargill Inc.
  • Jungbunzlauer Suisse AG
  • Corbion NV
  • Parry Enterprises India Ltd
  • Acuro Organics Limited