Africa Food Acidulants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Africa Food Acidulants Market Analysis
Africa food acidulant market is projected to record a CAGR of 7.8% during the forecast period 2020-2025.
- A wide scope of application in the food and beverage industry coupled with the range of functional benefits provided by food acidulants are key factors driving the food acidulants market in the region.
- In addition, the robust growth in the food and beverage sector majorly supports the market world-wide. With the economic development along with changing consumer behavior in Africa, the region outshines as a promising market for the food and beverage industry supplementing the consumption of food acidulants.
Africa Food Acidulants Market Trends
This section covers the major market trends shaping the Africa Food Acidulants Market according to our research experts:
Wide application in growing confectionery market鈥�
The advancement in the confectionery industry dedicated to health-oriented consumers with the development of low-calorie, organic products are gaining a large number of consumer base supplementing the growth of additives market including food acidulants. In addition, the booming demand for premium chocolates among work professionals and burgeoning millennials has significantly increased the chocolate consumption, globally. In confectioneries, malic acid is gaining popularity due to its multi-function properties of blending in fruit flavors and creating sourness. Hence, developing a considerable demand for specific acidulants in the industry.
Citric Acid holds a Prominent Share in the market studied
Abundant availability, lower-cost production, wide application scope, and multi-functional attributes are few factors augmenting the growth of the citric acid market, in the African region. Since more than 50% of total citric acid produced is consumed in beverages, the industry accounts for leading consumers of the product in the food and beverage sector. In order to address the rising demand for citric acid across the globe, the manufacturers are setting up production units to supplement the global supply, which in turn is boosting the citric acid market.
Africa Food Acidulants Industry Overview
Companies are expanding their facilities and product portfolio, due to the growing demand for the confectionery and beverage segment in the African region. Some of the manufactures in the market studied are Brenntag, Cargill Inc, Jungbunzlauer AG , Hawkins Watts Limited among others.
Africa Food Acidulants Market Leaders
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Brenntag
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Cargill Inc
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Tate & Lyle
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Archer Daniels Midland Company
*Disclaimer: Major Players sorted in no particular order
Africa Food Acidulants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Citric Acid
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5.1.2 Lactic Acid
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5.1.3 Acetic Acid
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5.1.4 Phosphoric Acid
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5.1.5 Malic Acid
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5.1.6 Others
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5.2 By Application
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5.2.1 Beverages
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5.2.2 Dairy & Frozen products
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5.2.3 Bakery
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5.2.4 Meat Industry
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5.2.5 Confectionery
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5.2.6 Others
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5.3 By Geography
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5.3.1 South Africa
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5.3.2 Rest of Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Brenntag
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6.4.2 Cargill Inc
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6.4.3 Jungbunzlauer AG
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6.4.4 Tate & Lyle
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6.4.5 Hawkins Watts Limited
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6.4.6 Archer Daniels Midland Company
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6.4.7 Corboin
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Africa Food Acidulants Industry Segmentation
African food acidulant market is segmented by type, application, and geography. By type, the market is segmented into Acetic Acid, Citric Acid, Lactic Acid, Phosphoric Acid, Malic Acid, Others. On the basis of application, the market is segmented into Beverages, Dairy & Frozen products, Bakery, Meat Industry, Confectionery, Others. Based on geography, reports provide a regional analysis, which includes South Africa, and rest of Africa.
| By Type | |
| Citric Acid | |
| Lactic Acid | |
| Acetic Acid | |
| Phosphoric Acid | |
| Malic Acid | |
| Others |
| By Application | |
| Beverages | |
| Dairy & Frozen products | |
| Bakery | |
| Meat Industry | |
| Confectionery | |
| Others |
| By Geography | |
| South Africa | |
| Rest of Africa |
Africa Food Acidulants Market Research FAQs
What is the current Africa Food Acidulants Market size?
The Africa Food Acidulants Market is projected to register a CAGR of 7.80% during the forecast period (2024-2029)
Who are the key players in Africa Food Acidulants Market?
Brenntag, Cargill Inc, Tate & Lyle and Archer Daniels Midland Company are the major companies operating in the Africa Food Acidulants Market.
What years does this Africa Food Acidulants Market cover?
The report covers the Africa Food Acidulants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Food Acidulants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Food Acidulant in Africa Industry Report
Statistics for the 2024 Food Acidulant in Africa market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Food Acidulant in Africa analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
