Canada Food Acidulants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.02 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Food Acidulants Market Analysis
Canada Food Acidulants Market is projected to grow at a CAGR of 4.02% during the forecast period (2020 - 2025).
- A wide scope of application in the food and beverage industry coupled with the range of functional benefits provided by food acidulants are key factors driving the food acidulants market in the country.
- In addition, the robust growth in the food and beverage sector majorly supports the market world-wide. With the economic development along with changing consumer behavior in North America, the region outshines as a promising market for the food and beverage industry supplementing the consumption of food acidulants.
Canada Food Acidulants Market Trends
This section covers the major market trends shaping the Canada Food Acidulants Market according to our research experts:
Wide Application in Growing Confectionery Market
The advancement in the 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. Furthermore, the booming demand for premium chocolates among work professionals and burgeoning millennials has significantly increased the chocolate consumption in Canada. In confectioneries, malic acid is gaining popularity due to its multi-function properties of blending in fruit flavors and creating sourness. Hence, developing a considerable demand for specific acidulants in the industry.
Citric Acid Holds a Prominent Share in the Market Studied
Abundant availability, lower-cost production, wide application scope, and multi-functional attributes are few factors augmenting the growth of the citric acid market in Canada. Since the majority of citric acid is consumed in beverages, the industry accounts for leading consumers of the product in the food and beverage sector. While confectionery records a considerable growth in citric acid consumption. Furthermore, the major applications of citric acid is seen in non-alcoholic beverages and soft drinks. Beverages are the major segment for Acidulants followed by seasonings, condiments sauces and processed food products.
Canada Food Acidulants Industry Overview
The food acidulants market in Canada faces high competition, with the presence of both global and local players. Some of the companies operating in this market are Tate & Lyle plc, Jungbunzlauer Suisse AG, and Corbion N.V. These companies are expanding their facilities and product portfolio, due to the growing demand for the confectionery and beverage segment in Canada.
Canada Food Acidulants Market Leaders
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Archer Daniels Midland Company
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Cargill Inc.
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Corbion N.V.
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Tate & Lyle plc
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Brenntag North America, Inc
*Disclaimer: Major Players sorted in no particular order
Canada Food Acidulants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables and Study Assumptions
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1.2 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 & Frozen products
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5.2.3 Bakery
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5.2.4 Meat Industry
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5.2.5 Confectionery
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5.2.6 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Archer Daniels Midland Company
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6.3.2 Brenntag North America, Inc.
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6.3.3 Cargill Inc.
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6.3.4 Jungbunzlauer Suisse AG
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6.3.5 Corbion N.V.
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6.3.6 Bartek Ingredients Inc
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6.3.7 Tate & Lyle plc
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6.3.8 Merko Group LLC
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Canada Food Acidulants Industry Segmentation
Canada Food Acidulants Market is segmented by type and application. On the basis of type, the market is segmented into Citric Acid, Lactic Acid, Acetic Acid, and Others. On the basis of application, the market is segmented into Beverages, Dairy & Frozen Products, Bakery, Meat Industry, Confectionery, and Others.
| By Type | |
| Citric Acid | |
| Lactic Acid | |
| Acetic Acid | |
| Others |
| By Application | |
| Beverages | |
| Dairy & Frozen products | |
| Bakery | |
| Meat Industry | |
| Confectionery | |
| Others |
Canada Food Acidulants Market Research FAQs
What is the current Canada Food Acidulants Market size?
The Canada Food Acidulants Market is projected to register a CAGR of 4.02% during the forecast period (2024-2029)
Who are the key players in Canada Food Acidulants Market?
Archer Daniels Midland Company, Cargill Inc., Corbion N.V., Tate & Lyle plc and Brenntag North America, Inc are the major companies operating in the Canada Food Acidulants Market.
What years does this Canada Food Acidulants Market cover?
The report covers the Canada Food Acidulants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Food Acidulants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Food Acidulants Industry Report
Statistics for the 2024 Canada Food Acidulants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada 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.
