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Description
Acidity Regulators Market size is valued at USD 5,956.2 million in 2021 and is expected to grow at a significant CAGR of 5.8% during the forecast period 2022 to 2028. The global market provides a detailed overview of the acidity regulators market, which can be segmented by product type, application, and region. By product type, the acidity regulators market has been segmented into lactic acid, citric acid, maleic acid, acetic acid, adipic acid, and fumaric acid. By product type, the citric acid segment held the largest revenue share of the acidity regulators market in past years and is expected to have the fastest growth rate over the forecasted period, as citric acid has extensive usage in consumed by the food and beverage industry. These days, food and beverage products are on a hike, consequently boosting the demand for citric acid. Based on application, the acidity regulators market has been segmented into bakery and confectionery, sauces dressings and condiments, beverages, and others. On the basis of application, the beverages segment held the dominant share in 2021 and is expected to register a significant CAGR owing to the fact that acidity regulators are used on a large scale in the beverages sector. By region, Asia-Pacific accounted for the highest acidity regulators market share in past years and is anticipated to grow at a CAGR of XX% during the forecasted period owing to the rise in demand for several processed food and beverages products in populous countries, such as China, and India. Furthermore, changing lifestyles and increasing disposable income also increase the demand for ready-to-make food items, which undoubtedly increases the demand for acidity regulators in this region.
