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Acidity Regulators Market 2023 - By Size, Current Trends, Industry Share, Growth, Business Strategy And Forecast Till 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Acidity Regulators Global Market Report 2023 identifies increase in demand for acidity regulators as the major driver for the Acidity Regulators market's growth in the forecast period. The food and beverage industry refer to all businesses that handle the processing, packaging, and distribution of uncooked food. Acidity regulators are used to altering and regulate the pH or alkalinity at a precise level in the food that is crucial for processing, flavor, and food safety.
The global acidity regulators market size is expected to grow from $6.81 billion in 2022 to $7.29 billion in 2023 at a compound annual growth rate (CAGR) of 7.09%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global acidity regulators industry is expected to reach $9.75 billion in 2027 at a CAGR of 7.53%.
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Major competitors in the Acidity Regulators market are Cargill Incorporated, The Archer-Daniels-Midland Company, BASF SE., Merck KGaA, Yara International ASA., Brenntag AG, Univar Solutions Inc.
A key trend in the Acidity Regulators market includes product innovation. Major companies operating in the acidity regulator market are focusing on developing new products. For instance, in March 2021, Evonik, a Germany-based specialty chemical company, launched a new Potassium Hydroxide Solution of 50% food grade, which is used as an acidity regulator. This product is unique due to its low chlorate level of less than 5 mg/kg. The solution is also meant to support Evonik's high standards for hygiene and consistency in quality, both of which are critical in food manufacturing.
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The Acidity Regulators market is segmented -
• By Product: Citric Acid, Phosphoric Acid, Acetic Acid, Maleic Acid, Lactic Acid, Other Products
• By Source: Natural, Synthetic
• By Application: Beverages, Bakery Products, Confectionery, Processed Food, Dairy Products, Dressings And Condiments, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Acidity Regulators market.
The Business Research Company's "Global Acidity Regulators Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Acidity Regulators Market Include:
1. Executive Summary
2. Acidity Regulators Market Characteristics
3. Acidity Regulators Market Trends And Strategies
4. Acidity Regulators Market - Macro Economic Scenario
5. Global Acidity Regulators Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
………………………………………………
32. Global Acidity Regulators Market Competitive Benchmarking
33. Global Acidity Regulators Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Acidity Regulators Market
35. Acidity Regulators Market Future Outlook and Potential Analysis
36. Appendix
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