Market Insight
The Africa market for food emulsifiers is projected to register an estimated CAGR of 5.0% during 2018-2023 (the forecast period). The trend for natural emulsifiers opens up huge potential in the emulsifier market, for example beeswax, lanolin, lecithin, and saponin.
Expanding Processed Food Market Driving the Market Growth
A rapidly rising population and greater levels of urbanization, globally, have boosted the demand for processed food products, thus, driving the demand for food ingredients. Food emulsifier manufacturers are seeing increased demand from food manufacturers, for preserving freshness, safety, taste, appearance, and texture of processed foods.
The region is expected to develop in the coming decade, and people could reach middle-income status.
Varied Application of Emulsifiers
By product type, major food manufacturers use lecithin, as it is considered to be non-toxic to humans, and easily enhances the color, flavor, texture, and shelf life of products.
The application in the emulsifier market is very diverse, and each segment holds a valuable share of the market. The demand for natural and nutraceutical products further drives the use of emulsifier in varied food applications.
South Africa to Register CAGR of 5.4% during the Forecast Period
The South African food emulsifier market is growing at a faster pace compared to other countries, as it is one of the high-income countries in the region. The remaining countries, like Nigeria, Algeria, Morocco, and Angola, contribute little to the market revenue of the food emulsifier market in Africa.
Competitive Landscape
Some of the prominent key players in the market include Cargill, ADM, Palsgaard, Kerry Group, Ingredion, Lonza Group, amongst others. Companies are trying to increase their presence in the region, by adopting several strategies, such as acquisitions and investments, and so on.
Reasons to Purchase this Report
- Analyzing outlook of the market, with the recent trends and Porter’s five forces analysis
- Market dynamics, which essentially consider the factors that impel the present market scenario, along with growth opportunities in the market in the years to come
- Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects
- Regional and country-level analysis, integrating the demand and supply forces that influence the growth of the market
- Competitive landscape, involving the market share of major players, along with key strategies adopted for development in the past five years
- Comprehensive company profiles covering product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by major market players
- 3 months analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
- Value chain analysis
- Consumer behavior analysis in country level
