Africa Food Stabilizers Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Food Stabilizers Market Analysis
The Africa food stabilizers market is projected to register a CAGR of 2.1% over the forecast period (2020-2025).
- The growing demand for naturally sourced ingredients, coupled with the increasing need for customized blends, fuels the growth of the food stabilizers market. By source, the plant segment is projected to grow at the highest CAGR owing to the growing trend of clean label, health-conscious, and veganism. Furthermore, frequent product launches, agreements were the dominant strategies adopted by the key players to capitalize on the strong market potential.
- However, limitations over usage of certain stabilizer blends, stringent government regulations on usage and quantity, and consumer preference for fresh food have become a hurdle in the growth of the food stabilizer market.
Africa Food Stabilizers Market Trends
This section covers the major market trends shaping the Africa Food Stabilizers Market according to our research experts:
Acquisitive Demand of Food Stabilizers in Bakery & Confectionery
The demand for stabilizers in the bakery and confectionery industries has witnessed a significant increase in the market as stabilizers make up a very small part of the final product, but have a significant impact on the final packaged product. The stabilizers in baking products maintain the structure of the baked product and also helps in the retention of water, therefore increases the shelf life of the food. Therefore the rising demand for bakery and confectionery products in the region is expected to propel the stabilizer market growth in the country. According to the South African Chamber of Baking, total bread production increased in 2016 from 171 million loaves baked in January 2016 to 182 million loaves in December 2016. This was as a result of consumers replacing maize meal with bread because of the higher price of maize products brought about by severe drought and the weaker South African rand. However, the current drought in the Western Cape where more than 60% of South Africa's wheat is planted has also meant that approximately 51% of the country's wheat is imported at import parity prices.
South Africa to Hold the Major Share in the Africa Market
South Africa is expected to drive the African market for the stabilizers, owing to the rising demand for convenience and packaged foods in the country, along with increasing population and economic development. In addition, the growing market for food products such as bakery, meat products, beverages, convenience food, and beverages, in which stabilizers are used for manufacturing is expected to offer potential growth opportunities for the stabilizer blends and systems market. Furthermore, the demand for natural ingredients in the packaged food has influenced the ingredient buying behavior and it is expected to drive the demand of natural stabilizers in the country. Local players along with the international players are extensively involved in the production of food stabilizers, among which international companies dominate its priduction within the country.
Africa Food Stabilizers Industry Overview
The Africa food stabilizers market is competitive and fragmented in nature owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the market include BASF SE, Barentz International BV, Palsgaard A/S, Tate & Lyle PLC, Kayo Fine Chemicals, and Hydrosol GmbH & Co. KG, among others.
Africa Food Stabilizers Market Leaders
BASF SE
Barentz International BV
Palsgaard A/S
Tate & Lyle PLC
Kayo Fine Chemicals
Hydrosol GmbH & Co. KG
*Disclaimer: Major Players sorted in no particular order
Africa Food Stabilizers Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 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 Source
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5.1.1 Natural
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5.1.1.1 Plant
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5.1.1.2 Microbial
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5.1.1.3 Animal
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5.1.2 Synthetic
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5.2 By Application
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5.2.1 Bakery & Confectionery
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5.2.2 Dairy
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5.2.3 Meat, & Poultry
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5.2.4 Beverages
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5.2.5 Sauces & Dressings
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5.2.6 Other Applications
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5.3 Geography
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5.3.1 South Africa
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5.3.2 Nigeria
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5.3.3 Rest of Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 BASF SE
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6.4.2 Barentz International BV
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6.4.3 Palsgaard A/S
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6.4.4 Tate & Lyle PLC
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6.4.5 Kayo Fine Chemicals
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6.4.6 Hydrosol GmbH & Co. KG
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6.4.7 Cape Food Ingredients
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6.4.8 Omnia Group (Protea Chemicals)
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Africa Food Stabilizers Industry Segmentation
The Africa food stabilizer market has been segmented by source, and by application. On the basis of source, the market is segmented into natural and synthetic sources, where natural stabilizers have been further bifurcated into the plant, microbial and animal-sourced food stabilizers. By application, the market is segmented into bakery & confectionery, dairy, meat and poultry, beverages, sauces and dressings, and other applications. Also, the study provides an analysis of the food stabilizer market in the emerging and established markets across Africa, including South Africa, Nigeria, and the Rest of Africa.
| By Source | |||||
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| Synthetic |
| By Application | |
| Bakery & Confectionery | |
| Dairy | |
| Meat, & Poultry | |
| Beverages | |
| Sauces & Dressings | |
| Other Applications |
| Geography | |
| South Africa | |
| Nigeria | |
| Rest of Africa |
Africa Food Stabilizers Market Research FAQs
What is the current Africa Food Stabilizers Market size?
The Africa Food Stabilizers Market is projected to register a CAGR of 2.10% during the forecast period (2024-2029)
Who are the key players in Africa Food Stabilizers Market?
BASF SE, Barentz International BV, Palsgaard A/S, Tate & Lyle PLC, Kayo Fine Chemicals and Hydrosol GmbH & Co. KG are the major companies operating in the Africa Food Stabilizers Market.
What years does this Africa Food Stabilizers Market cover?
The report covers the Africa Food Stabilizers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Food Stabilizers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Africa Food Stabilizers Industry Report
Statistics for the 2024 Africa Food Stabilizers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Africa Food Stabilizers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
