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.
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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6 Insights from Fact.MR’s Forecast on Global pH Control/Salts Market
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.
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.
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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.
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.
Through 2026, North America, Latin America and Europe will represent the most lucrative consumer marketplaces for pH control/salts. Collectively, these regions will account for more 40% share on the global pH control/salt market volumes during the course of the forecast period.
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The report also reveals that the Asia-Pacific excluding Japan (APEJ) region will be the single largest market for pH control/salt in the world. By 2026-end, nearly half of the pH control/salt volumes will be produced across APEJ countries such as China, India and South Korea.
