Argentina Food Acidulants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Argentina Food Acidulants Market Analysis
The Argentina food acidulants market is projected to grow at a CAGR of 1.8% during the forecast period 2020 - 2025.
- The market is majorly driven by the wide scope of its application in most of the food and beverage industries such as bakery, confectionery, dairy, meat industry, and beverage industries, coupled with the range of functional benefits that help to preserve food for a prolonged period of time. It is also used as a flavoring agent, chelating agent, buffer, gelling agent and coagulating agent, thus boosting its usage in the food and beverage sector.
- Furthermore, increasing convenience food product demand is likely to have a noticeable impact on the growth of the food acidulants market in Argentina over the forecast period 2020-2025. Thus, in addition to the launch of new processed foods increases, the opportunities for the acidulants market also increases.
Argentina Food Acidulants Market Trends
This section covers the major market trends shaping the Argentina Food Acidulants Market according to our research experts:
Rising Demand for Citric Acid as an Acidulant
The demand for citric acid as an acidulant has been witnessed to increase significantly in the Argentina acidulant market. The major advantages of citric acid, as an acidulant, are its high solubility in water, the appealing effects on food flavor, and its potent metal-chelating action. Moreover, the trend of preference shift towards clean label ingredients in the country is expected to boost the requirement of natural and bio-based ingredients in the near future, thus providing scope for the consumption of natural acidulant materials to a considerable extent over the forecast period. Furthermore, the affordable prices of citric acid allow the manufacturers to use it efficiently in the manufacturing of food and beverages. However, due to the lack of production of citric acid in the country, the import value of citric acid is relatively high in the country. For instance, according to UN Comtrade, the import value of citric acid in 2018 was USD 30,645 million, with an imported quantity of approximately 32,715 tons in Argentina.
Acquisitive Demand of Food Acidulant in Bakery & Confectionery Industries
Acidulants are used in the bakery and confectionery industries to impart sour taste, adjusting the pH, enhancing and modifying the flavors and sweetness of sugars, performing leavening functions in baked goods, controlling gel formation and maintaining the viscosity of confections and gelatine desserts, etc. The advancement in the bakery and confectionery industry dedicated to health-oriented consumers with the development of low-calorie, organic products are gaining a large number of consumer base supplementing the growth of additives market including food acidulants. Thus, due to the increasingly busy lifestyles, the consumers are more inclined towards processed foods, such as baked and confectionery goods, which, in turn, accelerates the growth of the food acidulants market during the forecast period.
Argentina Food Acidulants Industry Overview
The Argentina food acidulant market is consolidated in nature owing to the presence of comparatively less number of regional and domestic players. However, the emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the county's market include Tate & Lyle PLC, Corbion, Helm AG, Eltee International, and Brenntag AG, among others.
Argentina Food Acidulants Market Leaders
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Tate & Lyle PLC
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Corbion
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Helm AG
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Eltee International
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Brenntag AG
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Biosystems S.A.
*Disclaimer: Major Players sorted in no particular order
Argentina Food Acidulants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Citric Acid
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5.1.2 Lactic Acid
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5.1.3 Acetic Acid
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5.1.4 Others
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5.2 By Application
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5.2.1 Beverages
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5.2.2 Dairy
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5.2.3 Bakery
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5.2.4 Confectionery
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5.2.5 Meat Industry
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5.2.6 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Tate & Lyle PLC
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6.4.2 Corbion
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6.4.3 Helm AG
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6.4.4 Eltee International
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6.4.5 Brenntag AG
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6.4.6 Biosystems S.A.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Food Acidulants Industry Segmentation
The Argentina food acidulants market has been segmented by type into citric acid, phosphoric acid, lactic acid, acetic acid, malic acid; and by application into beverages, dairy & frozen products, bakery, meat industry, confectionery, and others.
| By Type | |
| Citric Acid | |
| Lactic Acid | |
| Acetic Acid | |
| Others |
| By Application | |
| Beverages | |
| Dairy | |
| Bakery | |
| Confectionery | |
| Meat Industry | |
| Others |
Argentina Food Acidulants Market Research FAQs
What is the current Argentina Food Acidulants Market size?
The Argentina Food Acidulants Market is projected to register a CAGR of 1.8% during the forecast period (2024-2029)
Who are the key players in Argentina Food Acidulants Market?
Tate & Lyle PLC, Corbion, Helm AG, Eltee International, Brenntag AG and Biosystems S.A. are the major companies operating in the Argentina Food Acidulants Market.
What years does this Argentina Food Acidulants Market cover?
The report covers the Argentina Food Acidulants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Food Acidulants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Food Acidulants Industry Report
Statistics for the 2024 Argentina Food Acidulants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Food Acidulants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
