Press release
pH Control/Salt Market: Flavoring Agent Functions of pH Control/Salts to Drive Sales || Key Players: Fuerst Day Lawson Ltd., Sab Hnub Tuaj Foodchem Co. Ltd, Industrial Tecnica Pecuaria S.A.
Rising use of additives in food & beverage production has spurred the utilization of pH control/salts and products. Key role of pH control/salts in increasing the binding properties of products, coupled with a growing demand for natural additives, will further extend the application of pH control/salts in the global food & beverage industry. Fact.MR’s latest forecast study projects that by the end of 2026, nearly US$ 11 Bn worth of pH control/salts will be consumed across the globe.
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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 pH control/salt market. The report also reveals that malic acid products will register highest volume CAGR of 6.5% during the forecast period.
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. 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.
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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.
The report has also profiled companies partaking in the global production of pH control/salts. Batory Foods Inc., Archer Daniels Midland Company, Cargill Inc., Brenntag Ingredients Inc., Hawkins Watts Limited, Fuerst Day Lawson Ltd., Sab Hnub Tuaj Foodchem Co. Ltd, Industrial Tecnica Pecuaria S.A., Univar Inc., Tate& Lyle Plc, American International Foods, Inc., Corbion Purac N.V., and Foodchem International Corporation are observed as the key stakeholders in the global pH control/salts market. These companies are expected to focus on extending their market presence by adopting innovative production techniques and increasing the applications of their products.
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