South Africa Food Colorants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.60 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South Africa Food Colorants Market Analysis
The South Africa Food Colorants Market is expected to grow at a CAGR of 4.6% during the forecast period, 2020 to 2025.
- The market is driven by easily available raw materials which include fruits & vegetables. Growing food safety concerns in the African food markets are pressurizing manufacturing to adopt clean labels.
- The major restrain the industry faces is the growing awareness of the ill effects of synthetic colors. This has triggered the demand for natural colors, which have high costs when compared to synthetic colors. The increasing disposable incomes, changing lifestyles in emerging countries are driving demand for processed foods and to attract the target segment companies tend to add food colorants, mostly driven by consumer interest.
South Africa Food Colorants Market Trends
This section covers the major market trends shaping the South Africa Food Colorants Market according to our research experts:
Growing Emergence of Natural Color
Over the past years, the country has a high prevalence of ration in terms of synthetic food colorants use, wherein, manufacturers' demand for synthetic food colorants was in line with availability and lower costs. Color variation in foods throughout the seasons and the effects of processing and storage often make color addition commercially advantageous to maintain the color expected or preferred by both the manufacturers and consumers.
However, with the growing penetration of clean labeling across food products along with more stringent regulations and consumer awareness, the trend has witnessed a gradual shift towards natural food colorants. That being said, manufacturers are incorporating natural vegetables and foods to derive colors such as beta-carotene, annatto, turmeric, carmine, paprika, and beet, as well as special blends, which can be further added across processed products.
Growing Application from Bakery along with Meat, Poultry and Sea Food Manufacturers
South Africa has a significant level of bakery product consumption, where especially, bread, plays a very important role in the nation's diet. Therefore, in many households where bread can be considered a staple food, daily consumption is much higher, especially where other staples are not consumed. On the other hand, the bakery industry in South Africa is being driven by consumer demand for quality products and for products that were once seen as only within the reach of the better-off white South Africans. With a change in population demographics, black South African population has now become more affluent and is eager to taste and have the experience of eating a subsequent variety of bakery products that are readily available across the Supermarket shelf.
South Africa Food Colorants Industry Overview
The South Africa food colorant market is highly competitive with major players involved in this industry are BASF SE, CHR Hansen, Chemical Service Ltd (Lake Foods), Sensient Technologies, EDCOL among others. To gain market share, these companies are adopting numerous market strategies like innovative product development, partnerships, mergers & acquisitions, and expansion of existing facilities.
South Africa Food Colorants Market Leaders
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Sensient Technologies
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BASF SE
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Chr Hansen Holding A/S
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Chemical Services Ltd (Lake Food)
*Disclaimer: Major Players sorted in no particular order
South Africa Food Colorants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market Definitions
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1.2 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 Product Type
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5.1.1 Synthetic Food colorants
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5.1.2 Natural Food Colorants
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5.2 By Application
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5.2.1 Bakery
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5.2.2 Dairy & Frozen products
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5.2.3 Confectionery
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5.2.4 Meat poultry & Sea Food products
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5.2.5 Beverages
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5.2.6 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Chr Hansen holdings A/S
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6.3.2 EDCOL
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6.3.3 Sensient Technologies
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6.3.4 Chemical Services Ltd. (Lake Foods)
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6.3.5 Nicola J Flavors & Fragrances
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6.3.6 BASF SE
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6.3.7 Quantum Colors SA
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South Africa Food Colorants Industry Segmentation
The South Africa Food Colorants Market is segmented by Type as Synthetic food colorants, Natural food colorants, and Others, by Application as Bakery, Meat poultry & Seafood products, Dairy & Frozen Products, Beverages and Confectionery, and Others.
| By Product Type | |
| Synthetic Food colorants | |
| Natural Food Colorants |
| By Application | |
| Bakery | |
| Dairy & Frozen products | |
| Confectionery | |
| Meat poultry & Sea Food products | |
| Beverages | |
| Others |
South Africa Food Colorants Market Research FAQs
What is the current South Africa Food Colorants Market size?
The South Africa Food Colorants Market is projected to register a CAGR of 4.60% during the forecast period (2024-2029)
Who are the key players in South Africa Food Colorants Market?
Sensient Technologies, BASF SE, Chr Hansen Holding A/S and Chemical Services Ltd (Lake Food) are the major companies operating in the South Africa Food Colorants Market.
What years does this South Africa Food Colorants Market cover?
The report covers the South Africa Food Colorants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Africa Food Colorants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Food color in South Africa Industry Report
Statistics for the 2024 Food color in South Africa market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Food color in South Africa analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
