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Mexico Food Acidulants Market-Growth, Trends

Mexico Food Acidulants Market-Growth, Trends2017.01.05

Acidulants are one of the major food additives used in Food & Beverages industry and are one of the fastest growing segments. The main function of the Acidulants is to stabilize the Ph. level the food product and preserve the product shelf life. Apart from this, they function as gelling agents, as flavor enhancers in confectionary products and improve the taste in beverages. The global Acidulants market is projected to reach USD 6.5 billion by 2022, growing at a CAGR of 7.6%. The Mexico market is estimated to reach USD ~ million by 2022 with a CAGR of ~%.

The mexico food acidulants market is driven by growing processed food and beverages market and their consumption by the burgeoning middle class population. Other factors like supply chain complexities like lack of cold storage chains and also consumer demand for nutrition anabled food products seem to drive the market. The market finds restrains in the form of huge competition in pricing due large number of suppliers in the market. Chinese players, especially in citric acid, poses a high threat for Western players .Regulatory checks on imports to create perfect competition like environment is still in the nascent stages in several countries. The key potential this industry sees is in the form of manufacturers adopting technologies to improve their production processes to meet the capacity requirements.

The market is segmented based on type which include Citric acid, phosphoric acid, and lactic acid among others. Citric acid dominates the Acidulants market, followed by phosphoric acid. The major applications of Acidulants is seen in non-alcoholic beverages and soft drinks. Beverages are the largest segment for Acidulants followed by seasonings, condiments sauces and Processed food products.

Some of the players who have been profiled in this market are ADM, Brenntag, Cargill, Hawkin Watts, Tate& Lyle among others. Manufacturers are adopting innovative technologies to increase their profit margins in this market.

Source:mordorintelligence.com

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