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

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

Russia food acidulants market is projected to witness a CAGR of 3.23% during the forecast period (2020 - 2025).

  • Acidualts such as phosphoric, citric, acetic and lactic are a strong inorganic acids that is colorless and odorless. These are indispensable additives, which are often found in colas and other dark-colored carbonated sodas.
  • The strength and flavor hold a neutral profile of food grade phosphoric acid, making it a desirable choice for low-pH foods and beverages. Moreover, high consumption in beverages remained one of the key factors, driving Russia acidulants market, during the forecast period.
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Strategising Towards Speciality Ingredients

Annually, the total number of food and beverage product launches has been increasing steadily over the last decade in Russia, which is supporting the growing demand for specialty food ingredients in the region.​The association between packaged food and ingredient companies is evolving, due to higher levels of collaborative innovation and product development, to meet the new consumer trends and regulatory burdens. Moroever, acidulants such as phosphates in processed foods can not only maintain and improvise structure, color, flavor, and other sensory attributes of the food, but also improve performance in baked food items by achieving optimum leavening. Therefore, adding speiciality ingredients such as citric acid, phosphoric acid and others, can aid in preparing the quality food thus, benefiting consumers in large.

Increasing Russian Beverage Industry

Russian consumers have become more demanding in terms of product bevergae flavours and added value in terms of ingreidents added to them. Responding to this trend, producers are expected to extend their product portfolios with these acidulants. Foe instacne, the wine market in Russia accounts for USD 693 million market, making it world’s seventh largest wine market across the globe. Russian imports of both sparkling and table wine rose around 4.5% across 2016, hitting 174.73 million liters and 34.85 million liters respectively. The country’s strong wine market is the major factor which is strong driving the sales of food grade phosphoric acid in the market.

Companies are relying on new product launches to cater growing consumer demand for health-efficient and flavorful cola drinks by rolling out diet and flavored cokes. The factor in turn is anticipated to supplement the market studied in future. Caffeine Free Diet Dr Pepper, Caffeine Free Diet Pepsi, and Coca-Cola Cherry Zero are few of the numerous advanced soft drinks in the market that are formulated with acidulants such as phosphoric acid, as a flavor enhancer. Hence, enormously consumed cola drinks, in Russia, remains one of the key factor boosting acidulants demand, during the forecast period.

Competitive Landscape

The overal Russia acidulants market is a competitive marker. Some of the major companies manufacturing and selling their products in the Russian acidulants market are DHZ – Dmitrievsky Chemical Plant, Prayon Group, Filtron Envirotech, and Tate & Lyle plc. These companies are expanding their production base so as to support and provide, the acidulants application in the increasing food and beverge products in Russia.

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1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 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 & Frozen Products
5.2.3 Bakery
5.2.4 Meat Industry
5.2.5 Confectionery
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 Brenntag AG
6.3.4 Filtron Envirotech
6.3.5 Corbion NV
6.3.6 Prayon Group
6.3.7 DHZ - Dmitrievsky Chemical Plant
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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