Market Size of Africa Food Preservatives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Food Preservatives Market Analysis
The African food preservatives market is projected to register a CAGR of 3.2% % during the forecast period.
- The market is primarily driven by the growing demand for convenience foods and the extended shelf life of processed foods. In addition, the favorable regulation of preservatives in the African community requiring the labeling laws to declare the presence of preservatives in the food, along with the technological effectiveness assessed by Member States of African Union, is further responsible for boosting the market growth.
- Furthermore, an increase in the production of perishable products, such as meat, poultry, and seafood contributed to the growing demand for food preservatives across the region. For instance, according to the SAPA (South African Poultry Association), the production volume of chicken in South Africa rose by 75.03 per thousand metric ton in 2015.
- However, the health hazards associated with these synthetic food preservatives and the higher cost of natural preservatives are few of the factors restraining market growth.
Africa Food Preservatives Industry Segmentation
The African food preservatives market is segmented by type into natural and synthetic, by application into beverages, dairy and frozen products, bakery, meat, poultry, and seafood, confectionery, sauces and salad mixes, and other applications, and by geography into Egypt, South Africa, and Rest of Africa.
| By Type | |
| Natural | |
| Synthetic |
| By Application | |
| Beverages | |
| Dairy and Frozen Products | |
| Bakery | |
| Meat | |
| Poultry and Seafood | |
| Confectionery | |
| Sauces and Salad Sixes | |
| Other Applications |
| By Country | |
| Egypt | |
| South Africa | |
| Rest of Africa |
Africa Food Preservatives Market Size Summary
The African food preservatives market is experiencing growth driven by the increasing demand for convenience and processed foods with extended shelf life. This demand is further supported by favorable regulatory conditions within the African Union, which have facilitated the use of preservatives while ensuring transparency through labeling laws. The rise in production of perishable goods, such as meat, poultry, and seafood, has also contributed to the market's expansion. However, the market faces challenges due to health concerns related to synthetic preservatives and the higher costs associated with natural alternatives. Despite these challenges, the trend towards natural and clean label food products is significantly influencing the market, as consumers and producers alike seek safer and more sustainable options.
The shift towards natural preservatives, such as rosemary extract and organic acids like sorbic and benzoic acids, is gaining momentum, offering significant growth opportunities for market players. This trend is particularly evident in the beverage industry, where preservatives are crucial for maintaining taste, color, and preventing spoilage. The competitive landscape of the African food preservatives market is characterized by the presence of numerous domestic and multinational companies, with key players like Kerry Inc., Cargill Incorporated, ADM, Jungbunzlauer Suisse AG, and DuPont leading the charge. These companies are focusing on strategic initiatives such as mergers, acquisitions, and new product development to enhance their market presence and capitalize on the growing demand for food preservatives in the region.
Africa Food Preservatives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Natural
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2.1.2 Synthetic
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2.2 By Application
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2.2.1 Beverages
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2.2.2 Dairy and Frozen Products
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2.2.3 Bakery
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2.2.4 Meat
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2.2.5 Poultry and Seafood
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2.2.6 Confectionery
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2.2.7 Sauces and Salad Sixes
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2.2.8 Other Applications
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2.3 By Country
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2.3.1 Egypt
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2.3.2 South Africa
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2.3.3 Rest of Africa
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Africa Food Preservatives Market Size FAQs
What is the current Africa Food Preservatives Market size?
The Africa Food Preservatives Market is projected to register a CAGR of 3.20% during the forecast period (2024-2029)
Who are the key players in Africa Food Preservatives Market?
Kerry Inc. , Cargill, Incorporated, ADM, Jungbunzlauer Suisse AG and DuPont are the major companies operating in the Africa Food Preservatives Market.
