Africa Acidulants Market cover

Africa Acidulants Market by Types (Malic Acid, Citric Acid, Lactic Acid, Phosphoric Acid, Acetic Acid, and Others), Application (Meat Industry, Confectionery, Beverages, Dairy & Frozen Products, Bakery, and Others), and Geography (Egypt, South Africa, and Rest of Africa)–Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: MC-1800
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 184
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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.

Africa Acidulants Market summary

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

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.

Attributes

Details

Report Title

Africa Acidulants Market–Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018-2019

Forecast Period

2021-2028

Segmentation

Types (Malic Acid, Citric Acid, Lactic Acid, Phosphoric Acid, Acetic Acid, and Others), Application (Meat Industry, Confectionery, Beverages, Dairy & Frozen Products, Bakery, and Others)

Regional Scope

Egypt, South Africa, and Rest of Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players covered in the Report

Ingredion Inc.; Corbion N.V.; Breentag; Tate & Lyle plc; Hawkins Watts ltd.; and Cargill Inc.

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.

Africa Acidulants Market types

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.

Africa Acidulants Market geography

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 Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Acidulants Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Acidulants Demand Share Forecast, 2019-2026
6. North America Acidulants Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Acidulants Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Acidulants Demand Share Forecast, 2019-2026
7. Latin America Acidulants Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Acidulants Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Acidulants Demand Share Forecast, 2019-2026
8. Europe 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
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Acidulants Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Acidulants Demand Share Forecast, 2019-2026
9. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Acidulants Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Acidulants Demand Share Forecast, 2019-2026
10. Middle East & Africa 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Acidulants Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Acidulants Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Acidulants Market: Market Share Analysis
  11.2. Acidulants Distributors and Customers
  11.3. Acidulants Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Ingredion Inc.
     11.4.2. Corbion N.V.
     11.4.3. Breentag
     11.4.4. Tate & Lyle plc
     11.4.5. Hawkins Watts Ltd.
     11.4.6. Cargill Inc.

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.

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.

Africa Acidulants Market keyplayers

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