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

  • ID: 5025289
  • Report
  • May 2020
  • Region: China
  • 80 pages
  • Mordor Intelligence
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until Dec 31st 2020
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FEATURED COMPANIES

  • COFCO
  • Corbion NV
  • Galactic SA/NV
  • Niran BioChemical Limited
  • Tate & Lyle PLC
  • TTCA Co., Ltd.
  • MORE
The China food acidulants market is projected to grow at a CAGR of 4.4% during the forecast period 2020-2025.
  • The market is majorly driven by the wide scope of its application in most of the food and beverage industries such as bakery, confectionery, dairy, meat industry, and beverage industries, coupled with the range of functional benefits that help to preserve food for a prolonged period of time. It is also used as a flavoring agent, chelating agent, buffer, gelling agent and coagulating agent, thus boosting its usage in the food and beverage sector. Furthermore, increasing convenience food product demand is likely to have a noticeable impact on the growth of the food acidulants market in China over the forecast period. Thus, in addition to the launch of new processed foods increases, the opportunities for the acidulants market in the country also increases.
  • However, factors such as the overdosage of phosphoric acid that has the potential to contribute to the formation of kidney stones, especially in those who have had kidney stones previously, are restraining the growth of the market.
Key Market Trends

Rising Demand for Food Grade Phosphoric Acid as Acidulant in Food & Beverage Industries

Phosphoric acid has extensive applications in the food and beverage industry due to its functional benefits. The food-grade phosphoric acid acts as an acidity regulator in foods like jams, cereal bars, processed meats, cheese, etc. Also, the phosphoric acid (especially the 85%-grade phosphoric acid) has extensive applications in the alcoholic beverage industry. It is often added in carbonated drinks to give a sharper and tangy taste, along with slowing down the growths of molds and bacteria in sugar formula. Thus, leading beverage companies across the world have been extensively using phosphoric acid in their product compositions nowadays. For instance, Coca-Cola incorporates phosphoric acid which is used in its certain sparkling beverages to add tartness to the beverage.

Acquisitive Demand of Acidulant in Dairy Industries

The use of acidulants in the dairy industry has been witnessed with significant growth in the last decade owing to its functioning to controls the acidity or alkalinity of dairy products. It also has various added benefits, as it can act as a preservative, flavoring agent, and gelling or coagulating agent which makes it a preferred alternative among all acidulants present in the market. Furthermore, the addition of acidulants, such as citric acid, in the manufacturing of dairy-based products help in reducing the fermentation time, while maintaining desirable sensory and physicochemical properties.

Competitive Landscape

The China food acidulant market is consolidated in nature owing to the presence of comparatively less number of regional and domestic players. However, the emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the county's market include Tate & Lyle PLC, ADM Group, Corbion NV, Galactic SA/NV, and COFCO, among others.

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  • The market estimate (ME) sheet in Excel format
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FEATURED COMPANIES

  • COFCO
  • Corbion NV
  • Galactic SA/NV
  • Niran BioChemical Limited
  • Tate & Lyle PLC
  • TTCA Co., Ltd.
  • MORE
1 INTRODUCTION
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
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 MARKET SEGMENTATION
5.1 By Type
5.1.1 Citric Acid
5.1.2 Lactic Acid
5.1.3 Acetic Acid
5.1.4 Others
5.2 By Application
5.2.1 Beverages
5.2.2 Dairy
5.2.3 Bakery
5.2.4 Confectionery
5.2.5 Meat Industry
5.2.6 Others

6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Tate & Lyle PLC
6.3.2 Archer Daniels Midland Company
6.3.3 Corbion NV
6.3.4 Galactic SA/NV
6.3.5 COFCO
6.3.6 Henan Jindan Lactic Acid Technology Co., Ltd
6.3.7 Huangshi Xinghua Biochemical Co.Ltd.
6.3.8 Niran BioChemical Limited
6.3.9 TTCA Co., Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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  • Tate & Lyle PLC
  • Archer Daniels Midland Company
  • Corbion NV
  • Galactic SA/NV
  • COFCO
  • Henan Jindan Lactic Acid Technology Co., Ltd
  • Huangshi Xinghua Biochemical Co.Ltd.
  • Niran BioChemical Limited
  • TTCA Co., Ltd.
Note: Product cover images may vary from those shown
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