The Food Grade Acetic Acid Market size is estimated to reach $4.9 billion by 2027, growing at a CAGR of 6.5% during the forecast period 2022-2027. The growth
of the Food Grade Acetic Acid Market is greatly fueled by the surging
applications of vinegar and snowballing utilization of Acetic Acid as a food
constituent. Food grade acetic acid is utilized as a food preservative and baking
agent. Acetic acid as vinegar is typically used in food items like rice, malt, wine,
apple cider and potato mashes. This is propelling the growth of the Food Grade
Acetic Acid Market. The expanding utilization of acetic acid in mustard,
marinades, vinaigrettes, seasoning, sauces, canned fruits, salad dressings and
more is further fueling the growth of the Food Grade Acetic Acid Industry,
thereby contributing to Food Grade Acetic Acid Industry Outlook. Acetic acid, most typically, finds application in commercial pickling
operations within the food industry. The most common household product that includes acetic acid is
vinegar. Acetic acid is also utilized as
a solvent in different industrial applications. The food additive
acetic acid is an organic acid made by the metabolism of nutrients and by
vinegar fermentation.
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Food Grade Acetic Acid Market Growth Drivers:
Vital Significance of “Food Grade Products”:
As
per U.S. Food and Drug Administration (FDA), acetic acid, if of appropriate
purity and utilized in accordance with good manufacturing practices, is
typically identified as safe for application in foods. Acetic acid is thought “food grade” if it abides by the
specifications in the Food Chemicals Codex. Diluted acetic acid is not vinegar.
When utilized as a constituent in food, it needs to be announced by its name: “acetic
acid” or “diluted acetic acid”. Commercial vinegar needs to include at least 4%
acetic acid. The vital significance of “food grade” is therefore driving the
growth of the Food Grade Acetic Acid Market.
Soaring Commercial and Household Applications of
Food Grade Acetic Acid:
Food grade acetic acid may be utilized in numerous commercial
and household applications. Typical commercial applications in the food industry
include the utilization of acetic acid in commercial picking operations and in condiments
like mustard and ketchup. Vinegar has been utilized as
a condiment, flavoring and preservative in the pickling technique since old
times. Typical household applications involve its use as a food preservative and
baking agent. The growing commercial and household applications of food
grade acetic acid are therefore propelling the growth of the Food Grade Acetic
Acid Industry, thereby contributing to the Food Grade Acetic Acid Industry
Outlook.
Acquisition:
In December 2020, it was reported that the European Investment Bank
(EIB) would offer €290 million to the German firm Wacker Chemie AG. Wacker is a
technological chief in the chemical industry and produces products for an
extensive series of essential international industries.
Food Grade Acetic
Acid Market: Competitive Landscape
Key companies holding major shares in the Food Grade Acetic Acid Market
are Mitsubishi Chemical Corporation, Saudi International Petrochemicals, Wacker
Chemie, Eastman Chemical Company, DuPont, British Petroleum, Celanese
Corporation, LyondellBasell, Daicel Corporation and Navin Enterprise.
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