Market Size of South Africa Food Flavor and Enhancer Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.10 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South Africa Food Flavors and Enhancers Market Analysis
South Africa Food Flavor and Enhancer market is projected to grow at a CAGR of 5.1% during the forecast period (2020-2025).
- Globalization and modernization have changed the lifestyle of the people which in turn changed the food habits, thus increasing demand for the flavors and enhancers.
- Consumption of low fat, low salt, and low carbohydrate foods are also key drivers to increase the consumption of flavors and enhancers. As flavors are region and country-specific, manufacturers are constantly innovating to hold a larger share of the pie in the market.