Stratview Research has published a new report titled “Natural Acetic Acid Market” which is segmented By Function (Preservative, Flavoring Agent, Stabilizer, Emulsifier, pH Regulator, Pharmaceutical Preparations, Others), By Application (Food, Pharmaceutical, Industrial), and Region.
As per the study, the global growth of natural acetic acid market size is primarily driven by widespread product usage in various industries as a preservative, flavoring agent, stabilizer, and emulsifier among others. Growing food beverage industry with expanding populace and rising per capita disposable income is likely to fuel the product demand at a significant rate during the review period. In addition to this, increasing demand for natural acetic acid in numerous new applications is likely to create lucrative opportunities for the players operating in the global market during the review period.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on application, the natural acetic acid market has been divided into food, pharmaceutical, and industrial. The food application accounted for the largest market share in 2020. The segment growth can be attributed to significant products used as preservative and flavoring agents. The industrial segment is expected to register healthy growth during the review period.
By region, the Asia-Pacific Natural Acetic Acid market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to the presence of strong food and industrial sector in China. Increasing product demand in developing countries such as India, Malaysia, and Indonesia among others is expected to propel the market growth substantially during the review period. The market growth in the North American region is expected to grow at a considerable CAGR during the review on account of the established presence of food beverage and pharmaceuticals industries in the region particularly in the US.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Natural Acetic Acid Market:
- Elan Chemicals (US)
- Sucroal S.A. (US)
- Jainco Trading (India)
- Parchem Fine Specialty Chemicals (US)
- Zhengzhou Yi Bang Industry Co., Ltd (China)
Key questions answered by the report
- What is the projected CAGR for revenue from the Natural Acetic Acid Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Natural Acetic Acid Market?
- Which are the major market players?
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