Mexico Food Acidulants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.70 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mexico Food Acidulants Market Analysis
Mexico Food Acidulants Market is projected to grow at a CAGR of 4.7% during the forecast period (2020 - 2025).
- The Mexico food acidulants market is driven by the growing processed food and beverage 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 enabled food products to seem to drive the market.
- The key potential this industry sees is in the form of manufacturers adopting technologies to improve their production processes to meet the capacity requirements.
Mexico Food Acidulants Market Trends
This section covers the major market trends shaping the Mexico Food Acidulants Market according to our research experts:
Rising Demand for Citric Acid
The functional superiority of citric acid in shelf-life enhancement, pH buffering, and in providing flavor and tartness is higher than that of phosphoric, tartaric, and lactic acids to name a few. The robust demands for ready-to-drink (RTD) healthy beverages and soft drinks are facilitating the usage of citric acid. Citric acid is widely used to impart a pleasant, tart flavor to foods and beverages. It also acts as a pH adjuster in the manufacture of gelatin desserts, jellies, jams, etc. It acts as flavor enhancers for fruits, berries, and other ingredients used in the manufacture of foods and candies. Moreover, citric acid is used to add an acidic (sour) taste to foods and soft drinks, and as a firming compound in products.
Increased Application in Confectionery Segment
The development 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. In addition, the booming demand for premium chocolates among work professionals and burgeoning millennials have significantly increased chocolate consumption. Sour confectionery is one of the fastest-growing sub-segments of the confectionery market and the sourness is provided by the acidulants such as malic and fumaric acid which offers functional properties and are inexpensive. They also function as a flavor compliment to some sweetness profiles.
Mexico Food Acidulants Industry Overview
Mexico food acidulants market is consolidated with major players holding the maximum share in the market. The key players have intensely embarked on industry consolidation, by leveraging their distribution network, entering into partnerships with local distributors in the emerging sectors and developing new products with customization. The prominent players in the market are Archer Daniels Midland Company, Tate & Lyle PLC, Brenntag AG, and Corbion N.V.
Mexico Food Acidulants Market Leaders
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Archer Daniels Midland Company
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Tate & Lyle PLC
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Brenntag AG
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Corbion N.V.
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Jungbunzlauer Holding AG
*Disclaimer: Major Players sorted in no particular order
Mexico Food Acidulants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definition
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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 Acetic Acid
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5.1.3 Lactic Acid
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5.1.4 Others
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5.2 By Application
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5.2.1 Bakery
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5.2.2 Confectionery
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5.2.3 Beverages
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5.2.4 Dairy and Frozen Products
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5.2.5 Meat Products
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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 Tate & Lyle PLC
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6.3.3 Brenntag AG
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6.3.4 Corbion N.V.
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6.3.5 Bartek Ingredients Inc.
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6.3.6 Jungbunzlauer holding AG
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico Food Acidulants Industry Segmentation
Mexico food acidulants market is segmented based on type into citric acid, acetic acid, lactic acid, and others. Based on the application segment, the market involves bakery, confectionery, beverages, dairy and frozen products, meat products and others.
| By Type | |
| Citric Acid | |
| Acetic Acid | |
| Lactic Acid | |
| Others |
| By Application | |
| Bakery | |
| Confectionery | |
| Beverages | |
| Dairy and Frozen Products | |
| Meat Products | |
| Others |
Mexico Food Acidulants Market Research FAQs
What is the current Mexico Food Acidulants Market size?
The Mexico Food Acidulants Market is projected to register a CAGR of 4.70% during the forecast period (2024-2029)
Who are the key players in Mexico Food Acidulants Market?
Archer Daniels Midland Company, Tate & Lyle PLC, Brenntag AG, Corbion N.V. and Jungbunzlauer Holding AG are the major companies operating in the Mexico Food Acidulants Market.
What years does this Mexico Food Acidulants Market cover?
The report covers the Mexico Food Acidulants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Food Acidulants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexico Food Acidulants Industry Report
Statistics for the 2024 Mexico Food Acidulants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Food Acidulants analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Mexico Food Acidulants Market Report Snapshots
