Press release
Global pH Control/Salt Market Forecast Report: Phosphoric Acid and Citric Acid to Represent Top-selling Products
Fact.MR
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According to Fact.MR’s recent forecast study, the global market for pH control/salts will register a value CAGR of 3.7% during the forecast period, 2017-2026. The report further reveals that by the end of 2026, more than 16,700,683 tons of pH control/salts will be sold across the globe.
4 Insights from Fact.MR’s Forecast on Global pH Control/Salts Market
1. The global market for pH control salts is expected to register a high demand for citric acid and phosphoric acid products. By the end of 2026, nearly 12,000,000 tons of phosphoric acid and citric acid products are expected to be sold in the global pH control/salt market. The report also reveals that malic acid products will register highest volume CAGR of 6.5% during the forecast period.
2. In 2018 and beyond, majority of pH control/salt products are expected to be used in production of beverages. In 2017, around 3,240,000 tons of pH control/salts were used in beverage applications across the globe. The report also projects that the application of pH control/salts in production of convenience foods and dairy products will register a high global volume CAGR over the forecast period.
3. Dry pH control/salts will witness a high demand towards the end of the forecast period. By the end of 2026, nearly two-third of global pH control/salt market volumes will be accounted by sales of dry pH control/salts.
4. Market players are expected to extend the production of pH control/salts as flavoring agents. Their role in flavoring beverages and food items will increase their adoption, and translate high sales throughout the global market. Meanwhile, gelling agent function of pH control/salts will register a volume CAGR of 3.8% during the forecast period.
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Flavoring Agent Functions of pH Control/Salts to Drive Sales
The report has observed that in the future, majority of pH control/salts will be used as flavoring agents. The demand for pH control/salts as flavoring agents is expected to grow at a soaring pace, accounting for one-fourth share of the global pH control/salt market in terms of volume over the forecast period. The report also reveals that gelling agent functions of pH control/salts will witness a growing demand, and are likely to reflect a volume CAGR of 3.8% during the forecast period.
In terms of form, over 10,000,000 tons of dry pH control/salts are expected to be sold by the end of 2026. The report also reveals that the demand for pH control/salts will be high in Europe and North America, while the Asia-Pacific excluding Japan (APEJ) region will represent largest producer of pH control/salts through 2026. Towards the end of forecast period, the APEJ pH control/salts market is expected to register sales of over 8,000,000 tons of pH control/salts.
Phosphoric Acid and Citric Acid to Represent Top-selling Products
The report has estimated that in 2017, around 9,420,000 tons of citric acid and phosphoric acid products were sold in the global pH control/salts market. Among which, citric acid products accounted for the largest share of global pH control/salts market volumes. The report further projects that throughout the forecast period, more than half of the global pH control/salts market volumes will be accounted by phosphoric acid products.
Through 2026, pH control/salts will be predominantly used in production of beverages. The application of pH control/salts in production of sauces, dressings and condiments is also expected to gain traction towards the end of the forecast period. Meanwhile, dairy product applications and convenience food applications of pH control/salts are expected to register a volume CAGR of 4.6% and 4.5% respectively, over the forecast period.
Competition Tracking
Leading producers of pH control/salts have been profiled in the report. These include, Archer Daniels Midland Company, Batory Foods Inc., Brenntag Ingredients Inc., Cargill Inc., Fuerst Day Lawson Ltd., Hawkins Watts Limited, Industrial Tecnica Pecuaria S.A., Sab Hnub Tuaj Foodchem Co. Ltd., Tate& Lyle Plc, Univar Inc., Corbion Purac N.V., American International Foods, Inc., and Foodchem International Corporation. Majority of these companies are expected to actively instrument the global production of pH control/salts through 2026.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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