South Africa Acidulants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.80 % |
| 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 Acidulants Market Analysis
The South African acidulants market is projected to witness a CAGR of 7.8% during the forecast period (2020-2025).
- Food retail is a highly competitive industry in South Africa. Increased number of retailers, retail channels, and formats are increasing consumers' access to process and convenience foods. This is further increasing the demand for food acidulants by the food and beverage industry in South Africa. While providing consumers with competitive prices, quality, and services, the organized retail sector exposes the consumer to label information, and quality comparison with both private labels and branded products is boosting the retail food market in South Africa.
- The South African market is a growing market, as it is also one of the emerging countries which are very conscious of health and wellness. Its thirst for convenience foods is high, which ultimately gives a boost to the food acidulants market. In processed and packaged foods, ensuring food safety and quality, starting from transportation to farm to fork and storage facilities, is a significant concern.
South Africa Acidulants Market Trends
This section covers the major market trends shaping the South Africa Acidulants Market according to our research experts:
Increasing Demand for Food Acidulants in the Confectionery Market
Confectionery remains one of the most popular product categories in South Africa. According to the significant chocolate and confectionery manufacturers, the demand for sugar confectioneries across the South African region is growing at the fastest pace. This growth has intensified the demand for food acidulants in the confectionery segment. Food acidulants, including malic acid, fumaric acid, lactic acid, and citric acid, are primarily used in the confectionery industry. For instance, acidulants, such as lactic acids and lactates, have distinct roles in producing candies. It not only helps in countering the sweet taste of sugar and sugar replacers but also enhances the impact of flavors on the taste. The benefits of food acidulants and its increasing awareness among end-user industries resulted in the acidulants having a prime role in the confectionery market of the region. This factor is contributing to the overall growth of the market.
Growing Demand for Retail Food
South Africa has a well-developed retail sector expanding into other African countries. The country is the biggest market for food and beverage products in Southern Africa and serves as a gateway to other Sub-Saharan African countries. According to USDA, there are over 1,800 food production companies in South Africa, which provides an excellent platform for the food acidulants manufacturers to expand their product offerings and gain competitive advantage. South African food retail sales totaled USD 52.2 billion in 2018. The sector is well developed and aggressively developing into other African countries, which in turn is expected to boost the market of food acidulants during the forecast period.
South Africa Acidulants Industry Overview
The South Africa food acidulants market faces high competition, with the presence of both global and local players. Some of the companies operating in this market are Tate & Lyle, Cargill, ADM, and Corbion NV Acquisitions, and partnerships remain the most common strategy adopted by key players in the South African food acidulants market. The global giants, like Corbion, have been continuously increasing their presence and expanding their food acidulants businesses through acquisitions. Additionally, the companies are active with new product launches and sustainable procurement for raw material. The major manufacturers are focusing on utilizing fermentation technology, both an aerobic and anaerobic method, for the production of significant food acidulants.
South Africa Acidulants Market Leaders
-
Corbion N.V.
-
Archer Daniels Midland Company
-
Cargill, Incorporated
-
Tate & Lyle PLC
-
Isegen South Africa (Pty) Ltd
*Disclaimer: Major Players sorted in no particular order
South Africa Acidulants Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
-
4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 By Type
- 5.1.1 Citric Acid
- 5.1.2 Lactic Acid
- 5.1.3 Acetic Acid
- 5.1.4 Other Types
-
5.2 By Application
- 5.2.1 Beverage
- 5.2.2 Dairy and Frozen Products
- 5.2.3 Bakery and Confectionery
- 5.2.4 Meat Industry
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Position Analysis
-
6.3 Company Profiles
- 6.3.1 Corbion NV
- 6.3.2 Archer Daniels Midland Company
- 6.3.3 Cargill Incorporated
- 6.3.4 Tate & Lyle PLC
- 6.3.5 Isegen South Africa (Pty) Ltd
- 6.3.6 Protea Chemicals
- 6.3.7 Kayo Fine Chemicals
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablitySouth Africa Acidulants Industry Segmentation
The South African acidulants market is segmented based on type, application, and geography. By type, food acidulants market is segmented into citric acid, lactic acid, acetic acid, phosphoric acid, malic acid, and other types. The application segment involves beverage, dairy and frozen products, bakery, meat industry, confectionery, and other applications.
| By Type | Citric Acid |
| Lactic Acid | |
| Acetic Acid | |
| Other Types | |
| By Application | Beverage |
| Dairy and Frozen Products | |
| Bakery and Confectionery | |
| Meat Industry |
South Africa Acidulants Market Research FAQs
What is the current South Africa Acidulants Market size?
The South Africa Acidulants Market is projected to register a CAGR of 7.80% during the forecast period (2024-2029)
Who are the key players in South Africa Acidulants Market?
Corbion N.V., Archer Daniels Midland Company, Cargill, Incorporated , Tate & Lyle PLC and Isegen South Africa (Pty) Ltd are the major companies operating in the South Africa Acidulants Market.
What years does this South Africa Acidulants Market cover?
The report covers the South Africa Acidulants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Africa Acidulants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South Africa Acidulants Industry Report
Statistics for the 2024 South Africa Acidulants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Africa Acidulants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
