South America Food Acidulants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.01 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South America Food Acidulants Market Analysis
The South America Food Acidulants market is forecasted to witness a CAGR of 6.01% during the forecast period (2020 - 2025).
- The South American countries like Brazil make use of the 85% Phosphoric Acid- Food Grade as a liquid cleaner. It is used for clarification of fruit juices after liming processes. Thereby food phosphoric acid is driving the market in the region.
- Moroever, the breakfast cereal, cereal bars, packed coffee beverages, seasoned waters and processed foods produced in the region also contain increasing amount of food acidulants such as citric acid, food-grade phosphoric acid occasionally, due to its preserving nature. Therefore, the increaseing application of food acidulants in the food an beverage sector in South America region, is expected to drive the market further.
South America Food Acidulants Market Trends
This section covers the major market trends shaping the South America Food Acidulants Market according to our research experts:
The Rising Application of Food Grade Phosphoric Acid
The food-grade phosphoric acid is used by the local oil manufactures as a neutralized settling agent in the refining of edible palm oil. Since, the South American region is major market for palm oil, its growth is in turn likely to foster the growth of food-grade phosphoric acid market.
Therefore, the South America food grade phosphoric acid market was valued at USD 307 million in 2019, and is expected to register a CAGR of 3.99% during the forecast period (2020-2015).
Moreover, the Brazil food grade phosphoric acid market is one of the most leading markets in South America. However, the country witnessed a stagnant trend in last few years due to decrease of disposable income as a result of economic crisis faced in 2016 and 2017. The swift recovery further recorded is anticipated to boost the market studied during the forecast period.
Increasing Application in the Processed Food and Beverage Products
Food and beverages industry in South America has been dominating application for citric acid, Phosporic, lactic acid, and others. The food additives segment is one of the leading application sector for citric acid - it is one of the most utilized food acidulants, especially in the carbonated soft drinks (CSDs).
The pH of citric acid also makes it useful as a dietary supplement. Many minerals need an acidic pH for absorption. Citric acid is added to vitamin supplements to make some vitamins biologically available for absorption.
Further, the prominence of lemon and lime industry is expected to boost the demand of citric acid across the industries in Argentina. Lemon production in Argentina is more concentrated, with 80% of the planted area located in Tucumán.
Phosphoric acid and its phosphate derivatives find application in fermentation chemicals and water treatment in the South American food industry as well. The salts of phosphoric acid are used in many dairy products to modify the proteins and alter the pH to produce a higher-quality product. The addition of phosphates derived from phosphoric acid to cheese results in smooth, shelf-stable products. Thereby, the increasing application of these acidulants in the food and beverage market, is expected to grow the market forward.
South America Food Acidulants Industry Overview
Owing to the high demand of citric acid in the south American country, companies like Cargill tapped into the market before its competitors and constructed citric acid plant in the Brazil to gain the competitive edge.
Tate & Lyle and Cargill are few prominent players offering citric acid as a food ingredient in Brazil. Food & beverage, and healthcare are the trending industries in Brazil, it is further expected to increase the consumption of citric acid as a flavoring agent, preservative, binding agent, and acidulants in these industries.
South America Food Acidulants Market Leaders
Cargill, Incorporated
Tate & Lyle
SUCROAL
Archer Daniels Midland Company
Corbion NV
*Disclaimer: Major Players sorted in no particular order
South America Food Acidulants Market Report - Table of Contents
-
1. INTRODUCTION
-
1.1 Study Deliverables
-
1.2 Study Assumptions
-
1.3 Scope of the Study
-
-
2. RESEARCH METHODOLOGY
-
3. EXECUTIVE SUMMARY
-
4. MARKET DYNAMICS
-
4.1 Market Drivers
-
4.2 Market Restraints
-
4.3 Porter's Five Forces Analysis
-
4.3.1 Threat of New Entrants
-
4.3.2 Bargaining Power of Buyers/Consumers
-
4.3.3 Bargaining Power of Suppliers
-
4.3.4 Threat of Substitute Products
-
4.3.5 Intensity of Competitive Rivalry
-
-
-
5. MARKET SEGMENTATION
-
5.1 By Type
-
5.1.1 Citric Acid
-
5.1.2 Lactic Acid
-
5.1.3 Acetic Acid
-
5.1.4 Phosphoric Acid
-
5.1.5 Malic Acid
-
5.1.6 Others
-
-
5.2 by Application
-
5.2.1 Beverages
-
5.2.2 Dairy & Frozen products
-
5.2.3 Bakery
-
5.2.4 Meat Industry
-
5.2.5 Confectionery
-
5.2.6 Others
-
-
5.3 By Geography
-
5.3.1 Brazil
-
5.3.2 Argentina
-
5.3.3 Colombia
-
5.3.4 Rest of South America
-
-
-
6. COMPETITIVE LANDSCAPE
-
6.1 Most Active Companies
-
6.2 Most Adopted Strategies
-
6.3 Market Share Analysis
-
6.4 Company Profiles
-
6.4.1 Cargill, Incorporated
-
6.4.2 Tate & Lyle
-
6.4.3 SUCROAL
-
6.4.4 Archer Daniels Midland Company
-
6.4.5 Corbion NV
-
6.4.6 Innova Corporate (India)
-
6.4.7 ICL
-
- *List Not Exhaustive
-
-
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Food Acidulants Industry Segmentation
The South America food acidulants market is segmented based on type, application, and geography. By type, food acidulants market is segmented into citric acid, lactic acid, acetic acid, phosphoric acid, malic acid, and others. The application segment involves beverages, dairy & frozen products, bakery, meat industry, confectionery, and others.
| By Type | |
| Citric Acid | |
| Lactic Acid | |
| Acetic Acid | |
| Phosphoric Acid | |
| Malic Acid | |
| Others |
| by Application | |
| Beverages | |
| Dairy & Frozen products | |
| Bakery | |
| Meat Industry | |
| Confectionery | |
| Others |
| By Geography | |
| Brazil | |
| Argentina | |
| Colombia | |
| Rest of South America |
South America Food Acidulants Market Research FAQs
What is the current South America Food Acidulants Market size?
The South America Food Acidulants Market is projected to register a CAGR of 6.01% during the forecast period (2024-2029)
Who are the key players in South America Food Acidulants Market?
Cargill, Incorporated, Tate & Lyle, SUCROAL, Archer Daniels Midland Company and Corbion NV are the major companies operating in the South America Food Acidulants Market.
What years does this South America Food Acidulants Market cover?
The report covers the South America Food Acidulants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Food Acidulants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Food Acidulants Industry Report
Statistics for the 2024 South America Food Acidulants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America 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.
