Acidulants are one of the major food additives used in Food & Beverages industry and are one of the fastest growing segments. The main function of the Acidulants is to stabilize the Ph. level the food product and preserve the product shelf life. Apart from this, they function as gelling agents, as flavor enhancers in confectionary products and improve the taste in beverages. The global Acidulants market is projected to reach $6340 million by 2023, growing at a CAGR of 7.56%. The African market for food acidulants is expected to grow at a CAGR of 7.92% for the period 2018-2023. South Africa is one of the fastest growing emerging markets.
The Global food acidulants market is driven by growing processed food and beverages market and their consumption by the burgeoning middle class population. Other factors like supply chain complexities like lack of cold storage chains and also consumer demand for nutrition anabled food products seem to drive the market. The market finds restrains in the form of huge competition in pricing due large number of suppliers in the market. Regulatory checks on imports to create perfect competition like environment is still in the nascent stages in several countries. The key potential this industry sees is in the form of manufacturers adopting technologies to improve their production processes to meet the capacity requirements.
The market is segmented based on type which include Citric acid, phosphoric acid, and lactic acid among others. Citric acid dominates the Acidulants market, followed by phosphoric acid. The major applications of Acidulants is seen in non-alcoholic beverages and soft drinks. Beverages are the largest segment for Acidulants followed by seasonings, condiments sauces and Processed food products.
Some of the players who have been profiled in this market are ADM, Brenntag, Cargill, Hawkin Watts, Tate& Lyle among others. Manufacturers are adopting innovative technologies to increase their profit margins in this market.
In this report we offer,
1 Market Definition for the specified topic along with,identification of key drivers and restraints for the market.
2 Market analysis for the South Africa Food Acidulants Market, with region specific assessments and competition analysis on a global and regional scale.
3 Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4 Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
5 Identification and analysis of the Macro and Micro factors that affect the South Africa Food Acidulants Market on both global and regional scale.
6 A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Why should you buy this report?
1 For getting a comprehensive overview of the South Africa Food Acidulants Market.
2 To gain wide ranging information about the major players in this industry and the strategies adopted by them.
3 To gain an insight about the major countries/regions in which this industry is blooming and also identify the regions which are untapped.
1.1 Research methodology
1.2 Market Definition
1.3 Report Description
2. Key Findings
3. Market Overview & Dynamics
4.1.1 Demand for food products with high nutritional value
4.1.2 Supply chain complexities
4.1.3 Wide applications due to varied functionality
4.1.4 Increased demand for processed food & beverages
4.2.1 Debate on Ill effects of food acidulants
4.2.2 Competitive pricing
4.3.1 Infusion of technology
4.3.2 Wider Acceptance of GSFA for improved International Trade
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining power of Suppliers
4.4.2 Bargaining power of Buyers
4.4.3 Degree of Competition
4.4.4 Threat of Substitution
4.4.5 Threat of new entrants
5. Market Segmentation by Type
5.1 Food Acidulants Market, by type
5.1.1 Citric Acid
5.1.2 Phosphoric acid
5.1.3 Lactic acid
5.2 By Application
5.2.2 Dairy & Frozen products
5.2.3 seasonings, condiments & sauces
5.2.5 Meat poultry & Sea Food products
6. Competitive Landscape Overview
6.1 Market Share Analysis
6.2 Strategies by leading players
6.3 New Product Developments &Other Innovations
7. Company Profiles
7.1 Archer Daniels Midland(ADM)
7.3 Cargill Inc
7.4 Hawkins Watts Ltd
7.5 Jungbunzlauer Ag
7.6 Parry Enterprises India
7.7 Purac Biochem
7.9 Tate & Lyle
7.12 Merko group Llc
7.13 Weifang Ensign Industry Co. Ltd
7.14 Isegen South Africa (Pty) Ltd
7.15 fbc industries inc
LIST OF TABLES
1. South Africa: Acidulants market Revenue,by Type, 2012-2020 ($Million)
2. South Africa: Acidulants market Revenue,by Application, 2012-2020 ($Million)