Market Size of South Africa Food Preservatives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.52 % |
| 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 Preservatives Market Analysis
South Africa's food preservatives market is projected to grow, witnessing a CAGR of 3.52% during the forecast period (2020 - 2025).
- The preservatives market in South Africa is largely driven by demand for convenience and packaged foods by the burgeoning population and rising urbanization rates.
- Thee increase in the formal retail segment is driving the market for processed foods in the Sub Saharan region, thus driving the food preservatives market in the country. Furthermore, the supply chain complexity and low infrastructure in Africa are seen by manufacturers estimating a huge potential for the preservatives market to meet the food security and safety of the region, including South Africa.
- The major constraint is the increased awareness of the ill effects of synthetic ingredients and growing consumer demand for fresh and natural foods. Companies are seeing this as an opportunity to innovate and provide solutions in the form of natural and functional ingredients.
