Africa Acidulants Market - Growth, Trends, and Forecast (2020 - 2025)

Africa Acidulants Market is segmented by Type is segmented by Type (Citric Acid, Lactic Acid, Acetic Acid, Phosphoric Acid, Malic Acid and Others), by Application (Beverages, Dairy & Frozen Products, Bakery, Meat Industry, Confectionery and Others) and Geography.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

7.34 %

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Market Overview

Africa Acidulants Market is projected to grow at a CAGR of 7.34% during the forecast period 2020-2025.

  • A wide scope of application in 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 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 food and beverage industry supplementing the consumption of food acidulants.​

Scope of the report

Africa Acidulants Market is segmented by type, application, and geography. On the basis of type, the market is segmented into Citric Acid, Lactic Acid, Acetic Acid, Phosphoric Acid, Malic Acid and Others. On the basis of application, the market is segmented into Beverages, Dairy & Frozen Products, Bakery, Meat Industry, Confectionery and Others. Based on geography, the report provide a detailed analysis, which include South Africa, Egypt, 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
Egypt
Rest of Africa

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Key Market Trends

Wide Application in Confectionery Market

The advancement in confectionery industry dedicated to health oriented consumers with the development of low-calorie, organic products is 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 in the region.​ 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.​

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South Africa holds a Prominent Share in the market studied

South Africa is one among the more prominent countries in the region that act as emerging markets for food acidulants. This is mainly attributed to the increase in consumption of processed foods and increasing nutritional requirements among consumers. Also, the growing GDP of the country is allowing middle-income group with increased disposable income to spend on luxury consumption., which in turn boosting the market studied in the country.

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Competitive Landscape

Some of the players who have been profiled in the African food acidulant market  are, ADM, Brenntag, Cargill, and Tate & Lyle, among others. Manufacturers are adopting innovative technologies to increase their profit margins in the market such as expanding their facilities and product portfolio, due to the growing demand for the confectionery and beverage segment in the Asian and African region.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Citric Acid

      2. 5.1.2 Lactic Acid

      3. 5.1.3 Acetic Acid

      4. 5.1.4 Phosphoric Acid

      5. 5.1.5 Malic Acid

      6. 5.1.6 Others

    2. 5.2 By Application

      1. 5.2.1 Beverages

      2. 5.2.2 Dairy & Frozen products

      3. 5.2.3 Bakery

      4. 5.2.4 Meat Industry

      5. 5.2.5 Confectionery

      6. 5.2.6 Others

    3. 5.3 By Geography

      1. 5.3.1 South Africa

      2. 5.3.2 Egypt

      3. 5.3.3 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Hawkins Watts Ltd

      2. 6.4.2 Brenntag

      3. 6.4.3 Cargill Inc.

      4. 6.4.4 Corbion N.V.

      5. 6.4.5 Tate & Lyle

      6. 6.4.6 Ingredion Incorporated

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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