Market Size of Africa Food Additives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Food Additives Market Analysis
The Africa food additives market is projected to grow with a CAGR of 5.4% during the forecast period, 2020 - 2025.
- The market is driven by the extensive use of additives in the food & beverage sector for different functioning, such as preservative, flavor enhancer, emulsifier, sweetener, colorant, and many other functions. In addition, the rising demand for convenience and packaged foods where additives are used in a higher quantity is further fueling the market growth. Also, the key players are focusing on promoting the benefits of clean label ingredients, due to the high interest of consumers in healthy eating habits and an increase in awareness of ingredients used in the food products.
- However, several health hazards and side-effects associated with synthetic food additives are anticipated to negatively impact the growth of the market.
