Market Size of South Africa Food Colorants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.60 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Africa Food Colorants Market Analysis
The South Africa Food Colorants Market is expected to grow at a CAGR of 4.6% during the forecast period, 2020 to 2025.
- The market is driven by easily available raw materials which include fruits & vegetables. Growing food safety concerns in the African food markets are pressurizing manufacturing to adopt clean labels.
- The major restrain the industry faces is the growing awareness of the ill effects of synthetic colors. This has triggered the demand for natural colors, which have high costs when compared to synthetic colors. The increasing disposable incomes, changing lifestyles in emerging countries are driving demand for processed foods and to attract the target segment companies tend to add food colorants, mostly driven by consumer interest.
