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The South Africa acidulants market is segmented by Type (Citric Acid, Lactic Acid, Acetic Acid, and Other Types), Application (Beverage, Dairy and Frozen Products, Bakery, Meat Industry, Confectionery, and Other Applications)
The South African acidulants market is projected to witness a CAGR of 7.8% during the forecast period (2020-2025).
The South African acidulants market is segmented based on type, application, and geography. By type, food acidulants market is segmented into citric acid, lactic acid, acetic acid, phosphoric acid, malic acid, and other types. The application segment involves beverage, dairy and frozen products, bakery, meat industry, confectionery, and other applications.
|Dairy and Frozen Products|
|Bakery and Confectionery|
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Confectionery remains one of the most popular product categories in South Africa. According to the significant chocolate and confectionery manufacturers, the demand for sugar confectioneries across the South African region is growing at the fastest pace. This growth has intensified the demand for food acidulants in the confectionery segment. Food acidulants, including malic acid, fumaric acid, lactic acid, and citric acid, are primarily used in the confectionery industry. For instance, acidulants, such as lactic acids and lactates, have distinct roles in producing candies. It not only helps in countering the sweet taste of sugar and sugar replacers but also enhances the impact of flavors on the taste. The benefits of food acidulants and its increasing awareness among end-user industries resulted in the acidulants having a prime role in the confectionery market of the region. This factor is contributing to the overall growth of the market.
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South Africa has a well-developed retail sector expanding into other African countries. The country is the biggest market for food and beverage products in Southern Africa and serves as a gateway to other Sub-Saharan African countries. According to USDA, there are over 1,800 food production companies in South Africa, which provides an excellent platform for the food acidulants manufacturers to expand their product offerings and gain competitive advantage. South African food retail sales totaled USD 52.2 billion in 2018. The sector is well developed and aggressively developing into other African countries, which in turn is expected to boost the market of food acidulants during the forecast period.
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The South Africa food acidulants market faces high competition, with the presence of both global and local players. Some of the companies operating in this market are Tate & Lyle, Cargill, ADM, and Corbion NV Acquisitions, and partnerships remain the most common strategy adopted by key players in the South African food acidulants market. The global giants, like Corbion, have been continuously increasing their presence and expanding their food acidulants businesses through acquisitions. Additionally, the companies are active with new product launches and sustainable procurement for raw material. The major manufacturers are focusing on utilizing fermentation technology, both an aerobic and anaerobic method, for the production of significant food acidulants.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Citric Acid
5.1.2 Lactic Acid
5.1.3 Acetic Acid
5.1.4 Other Types
5.2 By Application
5.2.2 Dairy and Frozen Products
5.2.3 Bakery and Confectionery
5.2.4 Meat Industry
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Position Analysis
6.3 Company Profiles
6.3.1 Corbion NV
6.3.2 Archer Daniels Midland Company
6.3.3 Cargill Incorporated
6.3.4 Tate & Lyle PLC
6.3.5 Isegen South Africa (Pty) Ltd
6.3.6 Protea Chemicals
6.3.7 Kayo Fine Chemicals
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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