Market Size of South Africa Food Additives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.40 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
South Africa Food Additives Market Analysis
The South African food additives market is projected to register a CAGR of 5.4% during the forecast period (2022-2027).
The COVID-19 pandemic disrupted the supply chain and also brought a halt to the production processes due to lockdown and government restrictions. Various studies have depicted that due to export restrictions, the export of food ingredients, including food additives, faced a negative impact of around 40%. However, the overall processed food market showed a positive trend because of the higher dependency on convenience food during the pandemic.
The market is driven by the extensive use of additives in the F&B sector for different functions, including preservatives, flavor enhancers, emulsifiers, sweeteners, and colorants. Also, the rising demand for convenience and packaged foods where additives are used in a higher quantity is further fueling the market growth.
The South African market is growing as it is one of the emerging countries, which is very conscious of health and wellness. The thirst for convenience food is high, which ultimately gives a boost to the food additive market. In processed and packaged foods, ensuring food safety and quality starting from transportation to farm to fork and storage facilities is a major concern. The South African Food Additives Market is expected to witness a CAGR of 6.19% during the forecast period (2020-2025).
