Food Grade Acetic Acid Market Size, Share & Industry Analysis, By Type (Aerobic Fermentation, Anaerobic Fermentation, Others), By Application (Household, Commercial , Other) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Acetic acid is also called ethanoic acid, it appears as a colorless liquid. It is widely used as a chemical reagent as a food additive for descaling. The main purpose of using acetic acid is to prevent unwanted pathogenic organisms from growing. In the vinegar form, the product is commonly utilized in the feeds such as wine, apple cider, rice, malt, and potato mashes. Additionally, as a food ingredient, the acetic can be found in mustard, marinades, vinaigrettes, catsup, sauces, canned fruits, mayonnaise, and salad dressings, meat, poultry, milk, and cheeses products. The product finds its use in household & commercial applications.
The rapidly growing food industry will contribute to segment the market growth. Increasing online platforms to deliver food for the consumers at their places, increasing preferences for ready to eat and packaged good products, enhancement in the food products, and rising taste preferences by most of the consumer. These are some of the factors that are fuelling the growth in the food industry. Such factors play an important role in the surging the demand for acetic acid in order to provide fresh and healthy food while preventing from bacteria. Hence, the rapid growth in the food industry will fuel the food-grade acetic acid market growth during the forecast timeline.
However, some people found allergic reactions such as rashes, hives, itching, red, swollen, blistered, or peeling skin owing to access consumption of acetic acid. This impacts the overall demand and is anticipated hindering the market growth.
Key Market Driver -
The rapid growth in food industry will drive the product demand.
Key Market Restraint -
Health impacts of acetic acid to restrict the market growth
Market Segmentation:
Based on type, the food grade acetic acid market is segmented into aerobic fermentation, anaerobic fermentation, and others. Based on application, the market is segmented into household, commercial, and other. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players Covered:
The key players in the food grade acetic acid market include Mitsubishi Chemical Corporation, Saudi International Petrochemicals, Wacker Chemie, Eastman Chemical Company, DuPont, British Petroleum, Celanese Corporation, LyondellBasell, Daicel Corporation, and Navin Enterprise.
Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios
- Porters Five Forces Analysis
Regional Analysis:
Asia Pacific is anticipated to witness sustainable growth in the food-grade acetic acid market. The growth is attributed to the rapid growth in the food industry, that further surge product demand in this region. The high adoption of aerobic fermentation in the household application will fuel the market growth in North America, in which the US and Canada are the leading countries. In Europe, the growth is due to the increasing use of product in commercial applications. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of anaerobic fermentation in the food industry.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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