Analysis of Erythorbic Acid market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Erythorbic acid a crystalline powder with a sugar like odor with dusts that have the tendency to cause mild irritation in eyes, skin, nose and throat. Erythorbic acid is used as a preservative in the food packaging. The erythorbic acid market has been gaining significant traction from the food packaging industry owing to the ban over the use of sulfites as a preservative in canned and frozen foods resulting in rise in the market for erythorbic acid.
Erythorbic acid is non-volatile and inflammable and is thus a popular product in the food preservation. Apart from using a preservative erythorbic acid is also used as a color stabilizer in during food preservation. Erythorbic acid is also used in small quantities in pharmaceutical industry for preparation of various types of drugs.
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The global erythorbic acid market is expected to grow at a moderate CAGR over the forecast period from 2018 to 2028, according to company’s recent research activity. Erythorbic acid market has elongated the preservation time for food products and ingredients with no significant side-effects. They are used in in creams, cheeses, dairy-based drinks, dairy-based desserts, spreads, vegetables, processed fruit, confectionery, pastas, meats, seasonings, cereals, condiments, broths, soups, sauces, wines, beer and malt beverages, and water-based flavored drinks.
The process for erythorbic acid is bereft of additives and sulfites, and thus the output does not contain excess chemicals, dyes or by-products. The erythorbic acid market is most likely to rise in the upcoming years due to the multiple benefits including the impressive color impact and the capability of the erythorbic acid to preserve canned and frozen food items for longer durations. The prolonged shelf life and antioxidants, are few of the primary factors upsurging the sales of erythorbic acid market.
For the continuously evolving era of modernization the consumers are after the products that are convenient, nutritious and delicious, devoid of additives, preservatives and artificial colors. The erythorbic acid represent the 21st century convenience food with all the consumer preferred goodness intact. It is one of the primary factors influencing the rapid growth in the market for erythorbic acid. On top of it, the erythorbic acid are lightweight, do not require refrigeration and hence are easy to store and inexpensive in transportation.
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Although providing several benefits, erythorbic acid also has various side effects obstructing the market growth. Consumption of large amounts of erythorbic acid may cause headaches, dizziness, fatigue, body flushing and hemolysis leading to severe disabilities in the human beings. The long terms side effects may include kidney stones and trigger gout symptoms that are likely to cause permanent damage to the human body. New-born, children and pregnant women are also more perceptive to these side-effects. These factors altogether are obstructing the market for the erythorbic acid.
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By region, the erythorbic acid market has been broadly divided into seven regions, namely, North America, Latin America, Europe, CIS and Russia, Japan, APEJ and MEA. Although there is a significant concentration of players in North America, erythorbic acid manufacturers are predominantly concentrated in the APEJ region, primarily in Greater China. Focus on the growing demand for food preservatives and ban on sulfites in the food preservation are the primary factors driving the growth of the market for erythorbic acid in the APEJ region.
Apart from APEJ, Europe and North America regions are also expected to represent considerable growth in the upcoming years in the erythorbic acid market. Some of the key market players in the erythorbic acid market are DSM, Foodchem, Huayuan Bioengineering, HuameiHuli Biochem, MORIMURA BROS, Zhengzhou Tuoyang Industrial, Finoric, APAC Chemical, Xi’an Rainbow Bio-Tech and other prominent players.
The research report presents a comprehensive assessment of the Erythorbic acid market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Erythorbic acid market segments such as geographies, application and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Erythorbic acid market segments and geographies.
Erythorbic acid market is segmented on the basis of product type, application and region.
The product types include
Among the erythorbic acid product types, the freeze-dried meat segment has been reported to account for leading share in sales.
On the basis of application, the erythorbic acid market is classified into
The cheese and dairies segment is likely to dominate the global erythorbic acid market.
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