Europe Food Acidulants Market - Segmented by Type, Source, Application and Geography (2018 - 2023)
The Europe food acidulants market is expected to register a CAGR of about 5.2% during 2018-2023 (the forecast period). The growing European processed food market is likely to act as a driver for the acidulants market in the region. The stringent production and usage regulations, regarding the additives as a whole, restrict the number of new entrant in the market.
Rising Preference for Ultra-processed Food among Consumers
Ultra-processed food are the industrial sources of dietary energy, nutrients, and additives. Additives, such as acidulates, are a prominent part of the composition of processed foods to provide specific characteristics of these products. According to a study published in the journal Public Health Nutrition, in the United Kingdom, consumers buy more ultra-processed food than any other country in Europe, accounting for about 50.7% of their diets, whereas other countries like Germany account for 46.2%, Ireland for 45.9%, Belgium for 44.6%, and Finland for 40.9%. The rising preference for ultra-food is expected to boost the market for food acidulants in the region. Due to the large number of suppliers in the market, the fierce competition in terms of pricing is expected to restrain the market. The Chinese players, especially in citric acid, pose threats to the regional players. Hence, the regulatory checks on imports, to create a perfect competition-like environment, are still at nascent stages in several countries in the region.
Citric Acid is the Preferred Type of Food Acidulants
The food acidulants market has been segmented, based on type, into citric acid, phosphoric acid, and lactic acid, among others. The citric acid segment, followed by phosphoric acid, dominates the acidulants market. The major application of acidulants can be seen in the non-alcoholic beverages and soft drinks. Beverages, followed by seasonings, condiments sauces, and processed food products, is the largest segment for acidulants.
Germany and the United Kingdom account for a Major Share of the Food Acidulants Market
Germany, followed by the United Kingdom, France, Spain, and Italy, is the largest market in the European region. This factor can be attributed to the growth in the rate of consumption of processed foods and nutritional requirements among consumers. The increasing disposable income, along with consumer affinity toward convenience food, is a major growth factor for the food acidulants market.
The key players include: ARCHER DANIELS MIDLAND (ADM), BARTEK, BRENNTAG, CARGILL INC, CORBOIN, JUNGBUNZLAUER AG, PARCHEM, TATE & LYLE, UNIVAR, WEIFANG ENSIGN INDUSTRY CO. LTD, amongst others.
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