Food Grade Acetic Acid Market Scope and Size by 2031
Acetic acid is the active ingredient in vinegar, a common food product used in such formulations as balsamic vinegar, red wine vinegar and apple cider vinegar. It has a somewhat sour taste and can add character to many foods. Acetic acid is generally recognized as safe for use in foods if it is of "food-grade" and is used in accord with good manufacturing processes. Acetic acid is considered "food-grade" if it complies with the specifications in Food Chemicals Codex. Diluted acetic acid is not vinegar.
MARKET DYNAMICS
The food grade acetic acid market has witnessed significant growth due to increasing demand for convenience foods. Moreover, rising demand for packaged foods such as snacks, bakery & confectionery products, and ready to eat meals provides a huge market opportunity for the key players operating in the food grade acetic acid market. However, rising consumer awareness about the ill-health effects of acetic acid food is projected to hamper the overall growth of the food grade acetic acid market in the forecast period.
MARKET SCOPE
The "Global Food Grade Acetic Acid Market Analysis to 2031" is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the food grade acetic acid market with detailed market segmentation form, application, and geography. The global food grade acetic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading food grade acetic acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global food grade acetic acid market is segmented on the basis of form and application. On the basis of form, the global food grade acetic acid market is divided into dry and liquid. On the basis of application, the global food grade acetic acid market is divided into bakery & confectionery, dairy & frozen desserts, sweet & savory snacks, sauces & dressings, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global food grade acetic acid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The food grade acetic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the food grade acetic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the food grade acetic acid market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global food grade acetic acid market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The food grade acetic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the food grade acetic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the food grade acetic acid market in these regions.
MARKET PLAYERS
The reports cover key developments in the food grade acetic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as form launches, form approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from food grade acetic acid market is anticipated to lucrative growth opportunities in the future with the rising demand for food grade acetic acid in the global market. Below mentioned is the list of few companies engaged in the food grade acetic acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food grade acetic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF
- BG Group
- BP Chemical
- Celanese
- Eastman
- Foodchem
- General Mills Inc.
- Hain Celestial Group
- Lenzing AG
- LyondellBasell
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Food Grade Acetic Acid Market - By Form
1.3.2 Food Grade Acetic Acid Market - By Application
1.3.3 Food Grade Acetic Acid Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FOOD GRADE ACETIC ACID MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. FOOD GRADE ACETIC ACID MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FOOD GRADE ACETIC ACID MARKET - GLOBAL MARKET ANALYSIS
6.1. FOOD GRADE ACETIC ACID - GLOBAL MARKET OVERVIEW
6.2. FOOD GRADE ACETIC ACID - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FOOD GRADE ACETIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. DRY
7.3.1. Overview
7.3.2. Dry Market Forecast and Analysis
7.4. LIQUID
7.4.1. Overview
7.4.2. Liquid Market Forecast and Analysis
8. FOOD GRADE ACETIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BAKERY AND CONFECTIONERY
8.3.1. Overview
8.3.2. Bakery and Confectionery Market Forecast and Analysis
8.4. DAIRY AND FROZEN DESSERTS
8.4.1. Overview
8.4.2. Dairy and Frozen Desserts Market Forecast and Analysis
8.5. SWEET AND SAVORY SNACKS
8.5.1. Overview
8.5.2. Sweet and Savory Snacks Market Forecast and Analysis
8.6. SAUCES AND DRESSINGS
8.6.1. Overview
8.6.2. Sauces and Dressings Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. FOOD GRADE ACETIC ACID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Food Grade Acetic Acid Market Overview
9.1.2 North America Food Grade Acetic Acid Market Forecasts and Analysis
9.1.3 North America Food Grade Acetic Acid Market Forecasts and Analysis - By Form
9.1.4 North America Food Grade Acetic Acid Market Forecasts and Analysis - By Application
9.1.5 North America Food Grade Acetic Acid Market Forecasts and Analysis - By Countries
9.1.5.1 United States Food Grade Acetic Acid Market
9.1.5.1.1 United States Food Grade Acetic Acid Market by Form
9.1.5.1.2 United States Food Grade Acetic Acid Market by Application
9.1.5.2 Canada Food Grade Acetic Acid Market
9.1.5.2.1 Canada Food Grade Acetic Acid Market by Form
9.1.5.2.2 Canada Food Grade Acetic Acid Market by Application
9.1.5.3 Mexico Food Grade Acetic Acid Market
9.1.5.3.1 Mexico Food Grade Acetic Acid Market by Form
9.1.5.3.2 Mexico Food Grade Acetic Acid Market by Application
9.2. EUROPE
9.2.1 Europe Food Grade Acetic Acid Market Overview
9.2.2 Europe Food Grade Acetic Acid Market Forecasts and Analysis
9.2.3 Europe Food Grade Acetic Acid Market Forecasts and Analysis - By Form
9.2.4 Europe Food Grade Acetic Acid Market Forecasts and Analysis - By Application
9.2.5 Europe Food Grade Acetic Acid Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Food Grade Acetic Acid Market
9.2.5.1.1 Germany Food Grade Acetic Acid Market by Form
9.2.5.1.2 Germany Food Grade Acetic Acid Market by Application
9.2.5.2 France Food Grade Acetic Acid Market
9.2.5.2.1 France Food Grade Acetic Acid Market by Form
9.2.5.2.2 France Food Grade Acetic Acid Market by Application
9.2.5.3 Italy Food Grade Acetic Acid Market
9.2.5.3.1 Italy Food Grade Acetic Acid Market by Form
9.2.5.3.2 Italy Food Grade Acetic Acid Market by Application
9.2.5.4 United Kingdom Food Grade Acetic Acid Market
9.2.5.4.1 United Kingdom Food Grade Acetic Acid Market by Form
9.2.5.4.2 United Kingdom Food Grade Acetic Acid Market by Application
9.2.5.5 Russia Food Grade Acetic Acid Market
9.2.5.5.1 Russia Food Grade Acetic Acid Market by Form
9.2.5.5.2 Russia Food Grade Acetic Acid Market by Application
9.2.5.6 Rest of Europe Food Grade Acetic Acid Market
9.2.5.6.1 Rest of Europe Food Grade Acetic Acid Market by Form
9.2.5.6.2 Rest of Europe Food Grade Acetic Acid Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Food Grade Acetic Acid Market Overview
9.3.2 Asia-Pacific Food Grade Acetic Acid Market Forecasts and Analysis
9.3.3 Asia-Pacific Food Grade Acetic Acid Market Forecasts and Analysis - By Form
9.3.4 Asia-Pacific Food Grade Acetic Acid Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Food Grade Acetic Acid Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Food Grade Acetic Acid Market
9.3.5.1.1 Australia Food Grade Acetic Acid Market by Form
9.3.5.1.2 Australia Food Grade Acetic Acid Market by Application
9.3.5.2 China Food Grade Acetic Acid Market
9.3.5.2.1 China Food Grade Acetic Acid Market by Form
9.3.5.2.2 China Food Grade Acetic Acid Market by Application
9.3.5.3 India Food Grade Acetic Acid Market
9.3.5.3.1 India Food Grade Acetic Acid Market by Form
9.3.5.3.2 India Food Grade Acetic Acid Market by Application
9.3.5.4 Japan Food Grade Acetic Acid Market
9.3.5.4.1 Japan Food Grade Acetic Acid Market by Form
9.3.5.4.2 Japan Food Grade Acetic Acid Market by Application
9.3.5.5 South Korea Food Grade Acetic Acid Market
9.3.5.5.1 South Korea Food Grade Acetic Acid Market by Form
9.3.5.5.2 South Korea Food Grade Acetic Acid Market by Application
9.3.5.6 Rest of Asia-Pacific Food Grade Acetic Acid Market
9.3.5.6.1 Rest of Asia-Pacific Food Grade Acetic Acid Market by Form
9.3.5.6.2 Rest of Asia-Pacific Food Grade Acetic Acid Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Food Grade Acetic Acid Market Overview
9.4.2 Middle East and Africa Food Grade Acetic Acid Market Forecasts and Analysis
9.4.3 Middle East and Africa Food Grade Acetic Acid Market Forecasts and Analysis - By Form
9.4.4 Middle East and Africa Food Grade Acetic Acid Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Food Grade Acetic Acid Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Food Grade Acetic Acid Market
9.4.5.1.1 South Africa Food Grade Acetic Acid Market by Form
9.4.5.1.2 South Africa Food Grade Acetic Acid Market by Application
9.4.5.2 Saudi Arabia Food Grade Acetic Acid Market
9.4.5.2.1 Saudi Arabia Food Grade Acetic Acid Market by Form
9.4.5.2.2 Saudi Arabia Food Grade Acetic Acid Market by Application
9.4.5.3 U.A.E Food Grade Acetic Acid Market
9.4.5.3.1 U.A.E Food Grade Acetic Acid Market by Form
9.4.5.3.2 U.A.E Food Grade Acetic Acid Market by Application
9.4.5.4 Rest of Middle East and Africa Food Grade Acetic Acid Market
9.4.5.4.1 Rest of Middle East and Africa Food Grade Acetic Acid Market by Form
9.4.5.4.2 Rest of Middle East and Africa Food Grade Acetic Acid Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Food Grade Acetic Acid Market Overview
9.5.2 South and Central America Food Grade Acetic Acid Market Forecasts and Analysis
9.5.3 South and Central America Food Grade Acetic Acid Market Forecasts and Analysis - By Form
9.5.4 South and Central America Food Grade Acetic Acid Market Forecasts and Analysis - By Application
9.5.5 South and Central America Food Grade Acetic Acid Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Food Grade Acetic Acid Market
9.5.5.1.1 Brazil Food Grade Acetic Acid Market by Form
9.5.5.1.2 Brazil Food Grade Acetic Acid Market by Application
9.5.5.2 Argentina Food Grade Acetic Acid Market
9.5.5.2.1 Argentina Food Grade Acetic Acid Market by Form
9.5.5.2.2 Argentina Food Grade Acetic Acid Market by Application
9.5.5.3 Rest of South and Central America Food Grade Acetic Acid Market
9.5.5.3.1 Rest of South and Central America Food Grade Acetic Acid Market by Form
9.5.5.3.2 Rest of South and Central America Food Grade Acetic Acid Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FOOD GRADE ACETIC ACID MARKET, KEY COMPANY PROFILES
11.1. BASF
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BG GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BP CHEMICAL
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CELANESE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EASTMAN
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. FOODCHEM
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. GENERAL MILLS INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. HAIN CELESTIAL GROUP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. LENZING AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. LYONDELLBASELL
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. BASF
2. BG Group
3. BP Chemical
4. Celanese
5. Eastman
6. Foodchem
7. General Mills Inc.
8. Hain Celestial Group
9. Lenzing AG
10. LyondellBasell
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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