South Africa Acidulants Market
Segments - by Types (Citric Acid, Lactic Acid, Acetic Acid, and Others), Applications (Beverages, Dairy & Frozen Products, Bakery, Meat Industry, Confectionery, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The South Africa acidulants market size is anticipated to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for processed food products owing to increasing population and shifting consumer lifestyle.
Acidulants are chemical compounds that can add sour, tart, or acidic flavor to the foods. They differ from acidity regulator as they are food additives, which intend to modify the stability of the food. Acidulants selection depends upon the application of processed food. Acidulants acts as a food preservative that inhibit the growth of the microbes. Moreover, it controls the acidity and pH of the food and beverage as well as regulates the flavor, color and moisture levels in food, such as dairy products, meat, and seafood.
Acidulants helps in countering the sweet taste of sugar and sugar replacers, and also enhances the impact of flavors. These chemical compounds can act as neutralizing agents, and buffering agents or bases. Acidulants possesses the properties, such as flavoring agent, preservatives, chelating agent, buffer, gelling agent, and coagulating agent.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing number of retailers and retail channels led to growing consumer access to process and convenience foods, which is anticipated to drive the market growth.
- Rising demand for confectionery food products is estimated to spur the market expansion in the coming years.
- Increasing utilization of fermentation technology for the production of significant food acidulants is one of the key factors driving the market growth.
- Growing health consciousness is expected to spur the growth of the market.
- Increasing demand for acidulants by the food and beverage industry in South Africa is projected to spur the market growth.
- Acidulants are used as preservatives to extend the shelf life of products, propelling the market growth.
- Disruption in the supply chain distribution of the ingredients is anticipated to hamper the growth of the market during the forecast period.
- Rising technological advancements and investment in R&D activities on acidulants by biotechnological companies are anticipated to create significant market growth opportunities.
Scope of the Report
The report on the South Africa acidulants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
South Africa Acidulants Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Types (Citric Acid, Lactic Acid, Acetic Acid, and Others), Applications (Beverages, Dairy & Frozen Products, Bakery, Meat Industry, Confectionery, and Others) |
|
Geographical Zone |
South Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Corbion N.V., Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle PLC, and Isegen South Africa (Pty) Ltd. |
South Africa Acidulants Market Segment Insights
Citric acid segment is projected to represent a large market share
On the basis of types, the market is divided into citric acid, lactic acid, acetic acid, and others. The citric acid segment is expected to account for a major market share in the coming years due to its increasing use in the food and beverage sector. It is applicable in preparations of jams and jellies. Citric acid can be produce commercially through the fermentation process.
Confectionery segment is expected to grow at a significant pace
Based on applications, the South Africa acidulants market is segmented into beverages, dairy & frozen products, bakery, meat industry, confectionery, and others. The confectionery segment is expected to grow at a robust pace during the forecast period. Food acidulants including malic acid, fumaric acid, lactic acid, and citric acid are used in the confectionery industry. Acidulants, such as lactic acids and lactates are used to make confectionery candies. The benefits of food acidulants and its increasing awareness among the end-user industry is anticipated to drive the market segment growth.
Segments
Segments Covered in the Report
The South Africa acidulants market has been segmented on the basis of
Types
- Citric Acid
- Lactic Acid
- Acetic Acid
- Others
Applications
- Beverages
- Dairy & Frozen Products
- Bakery
- Meat Industry
- Confectionery
- Others
Country
- South Africa
Key Players
- Corbion N.V.
- Archer Daniels Midland Company
- Cargill Incorporated
- Tate & Lyle PLC
- Isegen South Africa (Pty) Ltd
Competitive Landscape
Key players competing in the South Africa acidulants market include Corbion N.V., Archer Daniels Midland Company, Cargill, Incorporated, Tate & Lyle PLC, and Isegen South Africa (Pty) Ltd.
Companies are engaging in acquisitions and partnerships to expand their market share. Moreover, they’re expanding their product capacity to cater to the growing demand across the globe.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Acidulants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Acidulants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Acidulants Market - Supply Chain
4.5. Global Acidulants Market Forecast
4.5.1. Acidulants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Acidulants Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Acidulants Market Absolute $ Opportunity
5. Global Acidulants Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Acidulants Market Size and Volume Forecast by Types
5.3.1. Citric Acid
5.3.2. Lactic Acid
5.3.3. Acetic Acid
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Acidulants Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Acidulants Market Size and Volume Forecast by Applications
6.3.1. Beverages
6.3.2. Dairy & Frozen Products
6.3.3. Bakery
6.3.4. Meat Industry
6.3.5. Confectionery
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Acidulants Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Acidulants Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Acidulants Demand Share Forecast, 2019-2026
8. North America Acidulants Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Acidulants Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Acidulants Market Size and Volume Forecast by Types
8.4.1. Citric Acid
8.4.2. Lactic Acid
8.4.3. Acetic Acid
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Acidulants Market Size and Volume Forecast by Applications
8.7.1. Beverages
8.7.2. Dairy & Frozen Products
8.7.3. Bakery
8.7.4. Meat Industry
8.7.5. Confectionery
8.7.6. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Acidulants Demand Share Forecast, 2019-2026
9. Latin America Acidulants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Acidulants Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Acidulants Market Size and Volume Forecast by Types
9.4.1. Citric Acid
9.4.2. Lactic Acid
9.4.3. Acetic Acid
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Acidulants Market Size and Volume Forecast by Applications
9.7.1. Beverages
9.7.2. Dairy & Frozen Products
9.7.3. Bakery
9.7.4. Meat Industry
9.7.5. Confectionery
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Acidulants Demand Share Forecast, 2019-2026
10. Europe Acidulants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Acidulants Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Acidulants Market Size and Volume Forecast by Types
10.4.1. Citric Acid
10.4.2. Lactic Acid
10.4.3. Acetic Acid
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Acidulants Market Size and Volume Forecast by Applications
10.7.1. Beverages
10.7.2. Dairy & Frozen Products
10.7.3. Bakery
10.7.4. Meat Industry
10.7.5. Confectionery
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Acidulants Demand Share Forecast, 2019-2026
11. Asia Pacific Acidulants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Acidulants Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Acidulants Market Size and Volume Forecast by Types
11.4.1. Citric Acid
11.4.2. Lactic Acid
11.4.3. Acetic Acid
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Acidulants Market Size and Volume Forecast by Applications
11.7.1. Beverages
11.7.2. Dairy & Frozen Products
11.7.3. Bakery
11.7.4. Meat Industry
11.7.5. Confectionery
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Acidulants Demand Share Forecast, 2019-2026
12. Middle East & Africa Acidulants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Acidulants Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Acidulants Market Size and Volume Forecast by Types
12.4.1. Citric Acid
12.4.2. Lactic Acid
12.4.3. Acetic Acid
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Acidulants Market Size and Volume Forecast by Applications
12.7.1. Beverages
12.7.2. Dairy & Frozen Products
12.7.3. Bakery
12.7.4. Meat Industry
12.7.5. Confectionery
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Acidulants Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Acidulants Market: Market Share Analysis
13.2. Acidulants Distributors and Customers
13.3. Acidulants Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Corbion N.V.
13.4.2. Archer Daniels Midland Company
13.4.3. Cargill, Incorporated
13.4.4. Tate & Lyle PLC
13.4.5. Isegen South Africa (Pty) Ltd
2. Assumptions and Acronyms Used
3. Research Methodology
4. Acidulants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Acidulants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Acidulants Market - Supply Chain
4.5. Global Acidulants Market Forecast
4.5.1. Acidulants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Acidulants Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Acidulants Market Absolute $ Opportunity
5. Global Acidulants Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Acidulants Market Size and Volume Forecast by Types
5.3.1. Citric Acid
5.3.2. Lactic Acid
5.3.3. Acetic Acid
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Acidulants Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Acidulants Market Size and Volume Forecast by Applications
6.3.1. Beverages
6.3.2. Dairy & Frozen Products
6.3.3. Bakery
6.3.4. Meat Industry
6.3.5. Confectionery
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Acidulants Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Acidulants Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Acidulants Demand Share Forecast, 2019-2026
8. North America Acidulants Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Acidulants Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Acidulants Market Size and Volume Forecast by Types
8.4.1. Citric Acid
8.4.2. Lactic Acid
8.4.3. Acetic Acid
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Acidulants Market Size and Volume Forecast by Applications
8.7.1. Beverages
8.7.2. Dairy & Frozen Products
8.7.3. Bakery
8.7.4. Meat Industry
8.7.5. Confectionery
8.7.6. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Acidulants Demand Share Forecast, 2019-2026
9. Latin America Acidulants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Acidulants Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Acidulants Market Size and Volume Forecast by Types
9.4.1. Citric Acid
9.4.2. Lactic Acid
9.4.3. Acetic Acid
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Acidulants Market Size and Volume Forecast by Applications
9.7.1. Beverages
9.7.2. Dairy & Frozen Products
9.7.3. Bakery
9.7.4. Meat Industry
9.7.5. Confectionery
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Acidulants Demand Share Forecast, 2019-2026
10. Europe Acidulants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Acidulants Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Acidulants Market Size and Volume Forecast by Types
10.4.1. Citric Acid
10.4.2. Lactic Acid
10.4.3. Acetic Acid
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Acidulants Market Size and Volume Forecast by Applications
10.7.1. Beverages
10.7.2. Dairy & Frozen Products
10.7.3. Bakery
10.7.4. Meat Industry
10.7.5. Confectionery
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Acidulants Demand Share Forecast, 2019-2026
11. Asia Pacific Acidulants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Acidulants Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Acidulants Market Size and Volume Forecast by Types
11.4.1. Citric Acid
11.4.2. Lactic Acid
11.4.3. Acetic Acid
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Acidulants Market Size and Volume Forecast by Applications
11.7.1. Beverages
11.7.2. Dairy & Frozen Products
11.7.3. Bakery
11.7.4. Meat Industry
11.7.5. Confectionery
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Acidulants Demand Share Forecast, 2019-2026
12. Middle East & Africa Acidulants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Acidulants Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Acidulants Market Size and Volume Forecast by Types
12.4.1. Citric Acid
12.4.2. Lactic Acid
12.4.3. Acetic Acid
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Acidulants Market Size and Volume Forecast by Applications
12.7.1. Beverages
12.7.2. Dairy & Frozen Products
12.7.3. Bakery
12.7.4. Meat Industry
12.7.5. Confectionery
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Acidulants Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Acidulants Market: Market Share Analysis
13.2. Acidulants Distributors and Customers
13.3. Acidulants Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Corbion N.V.
13.4.2. Archer Daniels Midland Company
13.4.3. Cargill, Incorporated
13.4.4. Tate & Lyle PLC
13.4.5. Isegen South Africa (Pty) Ltd
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