Market Size of Africa Food Preservatives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Food Preservatives Market Analysis
The African food preservatives market is projected to register a CAGR of 3.2% % during the forecast period.
- The market is primarily driven by the growing demand for convenience foods and the extended shelf life of processed foods. In addition, the favorable regulation of preservatives in the African community requiring the labeling laws to declare the presence of preservatives in the food, along with the technological effectiveness assessed by Member States of African Union, is further responsible for boosting the market growth.
- Furthermore, an increase in the production of perishable products, such as meat, poultry, and seafood contributed to the growing demand for food preservatives across the region. For instance, according to the SAPA (South African Poultry Association), the production volume of chicken in South Africa rose by 75.03 per thousand metric ton in 2015.
- However, the health hazards associated with these synthetic food preservatives and the higher cost of natural preservatives are few of the factors restraining market growth.
