Africa Food Hydrocolloids Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.14 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Africa Food Hydrocolloids Market Analysis
Africa Food Hydrocolloids Market is projected to grow at a CAGR of 4.14% during the forecast period (2020-205).
- The increase in consumer preference for convenience foods indirectly contributes to the growing demand for hydrocolloids required as stabilizers, binding agents and thickening agents in convenience food products. The processed food market is driven by the greater need for convenience due to the busy lifestyles of consumers. This, in turn, increases the demand for hydrocolloids.
- In African countries like Nigeria the food and beverage market remains viable for investment in spite of the challenges of high energy cost and volatile raw material prices. Thus, driving the food ingredients market including hydrocolloids.
Africa Food Hydrocolloids Market Trends
This section covers the major market trends shaping the Africa Food Hydrocolloids Market according to our research experts:
Increasing Application In Beverage Sector
Acidified protein drinks, such as fruit juice and milk- or yogurt-based beverages, alternative milk, and juice drinks, carbonated soft drinks, energy drinks, and others tend to be the highest users of hydrocolloids in the region. Some of the popular hydrocolloids with increasing applications in the beverage sector include gellan gum, xanthan, and pectin. In African countries like Nigeria, the fast-growing population brings a continuing demand for soft drinks, especially as the climate is quite hot, which in turn is propelling the growth market studied at a faster pace. According to German Engineering Federation, in 2016 Nigeria was the fourth largest country with the highest consumption of soft drinks after the United States, China, and Mexico, which has resulted in increasing demand for stabilizing and texturing food ingredients including hydrocolloids.
South Africa Remains the Largest Market in the Region
The growing food industry along with the overall food retail sector in South Africa has a major role to play in the growth of the thickeners segment for hydrocolloids. Besides this, it is the changing consumer preference favoring the dense ready-to-eat products is another key factor driving the overall growth of the segment. Product innovation in hydrocolloids is majorly focused in the bakery and confectionery market of the country, owing to increasing per capita consumption. Although gelatin is widely used consumers demanding vegan and Kosher labels are enabling companies to look at natural derived systems to meet the demand.
Africa Food Hydrocolloids Industry Overview
The Africa food hydrocolloids market is fragmented and includes several global and domestic food ingredient companies. Some of the key market players include Cargill, Incorporated, Kerry Group plc, Cp Kelco, Ingredion Incorporated, Koninklijke DSM N.V., REDA Food, and others.
Africa Food Hydrocolloids Market Leaders
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Cargill, Incorporated
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Kerry Group plc
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Cp Kelco
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Ingredion Incorporated
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Koninklijke DSM N.V.
*Disclaimer: Major Players sorted in no particular order
Africa Food Hydrocolloids 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 Force 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 Gelatin Gum
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5.1.2 Pectin
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5.1.3 Xanthan Gum
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5.1.4 Other Types
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5.2 By Application
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5.2.1 Dairy and Frozen Products
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5.2.2 Bakery and Confectionery
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5.2.3 Beverages
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5.2.4 Meat and Seafood Products
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5.2.5 Oils and Fats
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5.2.6 Other Applications
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5.3 By Geography
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5.3.1 South Africa
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5.3.2 Nigeria
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5.3.3 Algeria
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5.3.4 Egypt
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5.3.5 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 Cargill, Incorporated
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6.4.2 Kerry Group plc
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6.4.3 Cp Kelco
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6.4.4 Ingredion Incorporated
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6.4.5 Koninklijke DSM N.V.
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6.4.6 REDA Food
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6.4.7 Palani Group
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6.4.8 Tranarc Holdings (Pty) Ltd
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Africa Food Hydrocolloids Industry Segmentation
The Africa food hydrocolloids market is segmented by type, application, and geography. Based on type, the market has been further segmented into gelatin gum, pectin, xanthan gum, and other types, while based on application, it has been segmented into dairy and frozen products, bakery and confectionery, beverages, meat and seafood products, oils and fats, and other applications. By geography, the market is segmented under South Africa, Nigeria, Algeria, Egypt, and the Rest of Africa.
| By Type | |
| Gelatin Gum | |
| Pectin | |
| Xanthan Gum | |
| Other Types |
| By Application | |
| Dairy and Frozen Products | |
| Bakery and Confectionery | |
| Beverages | |
| Meat and Seafood Products | |
| Oils and Fats | |
| Other Applications |
| By Geography | |
| South Africa | |
| Nigeria | |
| Algeria | |
| Egypt | |
| Rest of Africa |
Africa Food Hydrocolloids Market Research FAQs
What is the current Africa Food Hydrocolloids Market size?
The Africa Food Hydrocolloids Market is projected to register a CAGR of 4.14% during the forecast period (2024-2029)
Who are the key players in Africa Food Hydrocolloids Market?
Cargill, Incorporated, Kerry Group plc, Cp Kelco, Ingredion Incorporated and Koninklijke DSM N.V. are the major companies operating in the Africa Food Hydrocolloids Market.
What years does this Africa Food Hydrocolloids Market cover?
The report covers the Africa Food Hydrocolloids Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Food Hydrocolloids Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Food Hydrocolloids Industry Report
Statistics for the 2024 Africa Food Hydrocolloids market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Africa Food Hydrocolloids analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
