South Africa Acidulants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

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)

Home right-chevron-icon Industry Reports right-chevron-icon Food & Beverage right-chevron-icon Additives right-chevron-icon South Africa Acidulants Market

South Africa Acidulants Industry Overview

South Africa Food Acidulants Market Summary
Study Period: 2018 - 2028
CAGR: 7.8 %

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order
setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

South Africa Acidulants Market Analysis

The South African acidulants market is projected to witness a CAGR of 7.8% during the forecast period (2020-2025).

  • Food retail is a highly competitive industry in South Africa. Increased number of retailers, retail channels, and formats are increasing consumers' access to process and convenience foods. This is further increasing the demand for food acidulants by the food and beverage industry in South Africa. While providing consumers with competitive prices, quality, and services, the organized retail sector exposes the consumer to label information, and quality comparison with both private labels and branded products is boosting the retail food market in South Africa.
  • The South African market is a growing market, as it is also one of the emerging countries which are very conscious of health and wellness. Its thirst for convenience foods is high, which ultimately gives a boost to the food acidulants market. In processed and packaged foods, ensuring food safety and quality, starting from transportation to farm to fork and storage facilities, is a significant concern.

South Africa Acidulants Industry Segments

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.

By Type
Citric Acid
Lactic Acid
Acetic Acid
Other Types
By Application
Beverage
Dairy and Frozen Products
Bakery and Confectionery
Meat Industry

Report scope can be customized per your requirements. Click here.

South Africa Acidulants Market Trends

This section covers the major market trends shaping the South Africa Acidulants Market according to our research experts:

Increasing Demand for Food Acidulants in the Confectionery Market

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.

South Africa Acidulants Market

Growing Demand for Retail Food

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.

South Africa Food Acidulants Market

South Africa Acidulants Market Competitor Analysis

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.

South Africa Acidulants Market Top Players

  1. Corbion N.V.

  2. Archer Daniels Midland Company

  3. Cargill, Incorporated

  4. Tate & Lyle PLC

  5. Isegen South Africa (Pty) Ltd

*Disclaimer: Major Players sorted in no particular order

SA acidulants1.jpg

South Africa Acidulants Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Citric Acid

      2. 5.1.2 Lactic Acid

      3. 5.1.3 Acetic Acid

      4. 5.1.4 Other Types

    2. 5.2 By Application

      1. 5.2.1 Beverage

      2. 5.2.2 Dairy and Frozen Products

      3. 5.2.3 Bakery and Confectionery

      4. 5.2.4 Meat Industry

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Position Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Corbion NV

      2. 6.3.2 Archer Daniels Midland Company

      3. 6.3.3 Cargill Incorporated

      4. 6.3.4 Tate & Lyle PLC

      5. 6.3.5 Isegen South Africa (Pty) Ltd

      6. 6.3.6 Protea Chemicals

      7. 6.3.7 Kayo Fine Chemicals

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You can also purchase parts of this report. Do you want to check out a section wise price list?

South Africa Acidulants Market Research FAQs

The South Africa Acidulants Market is studied from 2018 - 2028.

The South Africa Acidulants Market is growing at a CAGR of 7.8% over the next 5 years.

Corbion N.V., Archer Daniels Midland Company, Cargill, Incorporated , Tate & Lyle PLC, Isegen South Africa (Pty) Ltd are the major companies operating in South Africa Acidulants Market.

South Africa Acidulants Industry Reports

In-depth industry statistics and market share insights of the South Africa Acidulants sector for 2020, 2021, and 2022. The South Africa Acidulants research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the South Africa Acidulants report PDF.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!