Latin America Acidity Regulators Market had a Market value of USD 630 Million in 2022 and is forecasted to exhibit a CAGR of 8.06% and reach USD 930 Million by 2028.
The Acidity Regulators market is predicted to showcase huge potential in the forecasting period. The market has continued to gain momentum with the rise in people’s awareness regarding the health issues related to nutrition deficiency and food safety. Thus, there has been a sudden rise in the market share of acidity regulators recently.
Acidity Regulators are a significant component of the industry of food additives. Food acidity regulators are responsible in providing them with an acidic medium, which helps in increasing the shelf life of the products and also for food flavouring. They are also used like preservative to avoid cases of microbial activity in food products.
Rising demand for food & beverages as well as food safety, among consumers has been the driving force for the market over recent years. Other factors helping the growth of the market include increasing focus on health and nutrition, finally the impact of modern technology, shift of demand towards sauces, dressings and condiments and emerging value added products in the market. On the other side, there are few factors which hinder the growth of the market. These are, the market being flooded by the low cost suppliers and also the possibility of ill effects on health. Such factors have been holding back the market from reaching its potential.
The Latin America Acidity Regulators market is broadly classified on the basis of type and application. The segmentation on the basis of type is done under acetic acid, lactic acid, malic acid, phosphoric acid and citric acid. On the basis of application, the market is categorized into processed foods, beverages, sauces, dressing & condiments as well as bakers & confectionery. Citric acid accounted for almost half of the market share under type whereas based on applications processed foods are expected to show the fastest growth in upcoming years.
Geographically the Latin America Acidity Regulators Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America.
Key Players in the Market:
Major Key Players in the Latin America Acidity Regulators Market are
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