The Africa acidulants market size is expected to expand at significant CAGR during the forecast period 2021–2028. Growth of the market is attributed to increasing population, rising awareness about healthy diet, and rapid development in food & beverage sectors.
The acidulants are inorganic and organic ingredients which emits salt part & hydrogen in water solution. Many foods such as fruits hold natural acids like tartaric acid, citric acid, and malic acid which are responsible for flavour and taste of particular fruit. Manually fermented foods also hold a mixture of various sour taste and acid sensation is generally sign of good quality food. Acids are used by food makers to achieve the texture of foods, increase flavour & taste, maintain colour of the food, buffer, and achieve the required pH of foods. Acids also play a major role in the natural conservation of foods. There are many acids used by the food industries such as acetic acid, malic acid, citric acid, fumaric acid, succinic acid, tartaric acid, and phosphoric acid.
The covid-19 pandemic affected the demand and supply of the Africa acidulants market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for acidulants products is projected to boost the market.
- Rising application of acidulants in carbonated & soft drinks is the major factor fueling the market.
- Strict regulations on the production are projected to restrict the market growth during the forecast period.
- Lack of awareness and use of additives as whole is anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in acidulants is projected to create lucrative opportunities for the market players.
Scope of the Report
The report on the Africa acidulants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Africa Acidulants Market–Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018-2019
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Forecast Period
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2021-2028
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Segmentation
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Types (Malic Acid, Citric Acid, Lactic Acid, Phosphoric Acid, Acetic Acid, and Others), Application (Meat Industry, Confectionery, Beverages, Dairy & Frozen Products, Bakery, and Others)
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Regional Scope
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Egypt, South Africa, and Rest of Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Ingredion Inc.; Corbion N.V.; Breentag; Tate & Lyle plc; Hawkins Watts ltd.; and Cargill Inc.
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Market Segment Insights
The confectionery segment accounts for key share of the market
Based on applications, the Africa acidulants market is divided into meat industry, confectionery, beverages, dairy & frozen products, bakery, and others. The confectionery segment accounts for a key share of the market. Growth of the market is attributed to increasing per capita income and rising demand for premium chocolates among work people. However, the beverages segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing demand for low-calories food and rising spending on luxury consumption.
The acetic acid segment accounts for significant share of the market
On the basis of types, the market is segmented into malic acid, citric acid, lactic acid, phosphoric acid, acetic acid, and others. The acetic acid segment accounts for a significant share of the market. Growth of the market is attributed to increasing awareness towards healthy diet and rising nutritional demand. However, the citric acid segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising demand for frozen meat & meat products and increasing technological advancement.
South Africa is anticipated to expand at significant CAGR during forecast period
On the basis of region, the Africa acidulants market is categorized as Egypt, South Africa, and Rest of Africa. The market in Egypt is anticipated to expand at a high CAGR during the forecast period due to major drivers such as rising nutritional requirement, increasing demand for organic food, and growing population. The market in South Africa experiences rise in need for acidulants products due to factors such as rapidly emerging economy in country and increased focus on sustainable products.
Segments
Segments Covered in the Report
The Africa acidulants market has been segmented on the basis of
Types
- Malic Acid
- Citric Acid
- Lactic Acid
- Phosphoric Acid
- Acetic Acid
- Others
Applications
- Meat Industry
- Confectionery
- Beverages
- Dairy & Frozen Products
- Bakery
- Others
Geography
- Egypt
- South Africa
- Rest of Africa
Key Players
- Ingredion Inc.
- Corbion N.V.
- Breentag
- Tate & Lyle plc
- Hawkins Watts Ltd.
- Cargill Inc.
Competitive Landscape
Key players competing in the Africa acidulants market includes Ingredion Inc.; Corbion N.V.; Breentag; Tate & Lyle plc; Hawkins Watts Ltd.; and Cargill Inc.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and rise their production line of the business in the coming years.
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