Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5,928.5 Million | USD 8,081.9 Million | 5.3% | 2021 |
FrequentlyAsked Questions
In the coming years, the market for acidity regulators is anticipated to develop due to growing knowledge of how microbial action affects food quality and growing concerns about extending the shelf life of food and beverage goods. The global market is anticipated to expand with the product's numerous uses in the food and beverage sector as gelling agents, flavorants, and taste modifiers.
According to the report, the global acidity regulators market size was worth USD 5,928.5 million in 2021 and is estimated to grow to USD 8,081.9 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.3 percent over the forecast period.
The Asia-Pacific region held a sizeable market share due to the development of beverages and processed foods. The middle-class population's income levels have dramatically increased in developing Asia-Pacific and ROW nations. As a result of the rising need for prepared food among the working class, there has been a growing tendency in the consumption of food acidity regulators in these areas.
Some of the main competitors dominating the global acidity regulators market include- ATP group, Celrich Products Pvt. Ltd., F.B.C Industries Inc., Chemelco International B.V., Cargill Incorporated, Fuerst Day Lawson Ltd, Archer Daniels Midland Company, Kerry Group, Bertek Ingredient Incorporation, and Jungbunzlauer India Pvt. Ltd.
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