South Africa Food Acidulants Market

South Africa Food Acidulants Market Research Analysis 2022 - 2027:

South Africa Food Acidulants Market is anticipated to experience adequate growth to record a CAGR of 7.8% during the outlook period (2022 - 2027).

Food acidulants balance the pH levels of food as they regulate humidity, flavor, and color levels. In addition, these ingredients preserve foods while acting as gelling agents. Food retailing is a very competitive industry in South Africa. The increase in the number of retailers, retail channels and formats rise consumer access to processed and prepared foods. This further increases the demand for food additives from the food and beverage industry in South Africa. While offering consumers competitive prices, quality and services, the organized retail sector exposes consumers to label information, and comparing quality with private labels and brand name products stimulates the South African food retail market. The South African market is a growing market, as it is also one of the emerging countries very concerned about health and well-being. Their thirst for prepared foods is high, which ultimately stimulates the market for food acidulants.

Recent Developments

In June 2019, Bartek celebrated its 50th anniversary with an updated brand name, improved capacity, and an expanded management team that is aiming to take the enterprise into maintenance mode to spur new growth

In November 2018, TorQuest Partners confirmed about its purchase of Bartek Ingredients Inc. a specialty chemical manufacturer that is operating in the the food and drinks industry.

Market Drivers and Restraints:

According to leading chocolate and confectionery manufacturers, demand for confectionery products throughout the South African region is growing at the fastest rate. This growth has intensified the demand for food additives in the confectionery segment. Food acidulants, especially malic acid, fumaric acid, lactic acid, and citric acid, are mainly used in the confectionery industry. For example, acidulants, such as lactic acids and lactates, have different roles in candy production. Not only does it help counteract the sweet taste of sugar and sugar substitutes, it also improves the impact of flavors on flavor. The advantages of food acidulants and their growing knowledge among end-user industries have made acidulants a key role in the region's confectionery market. This factor contributes to the general growth of the South Africa Market.

Market Segmentation:

The South Africa market is analyzed on the basis of different types like acetic acid, lactic acid, citric acid, malic acid, phosphoric acid, and others. Citric acid is the most commonly found acidulant in the food and beverage sector. Although this acid was extracted from limes and lemons in the past, it can now be produced commercially through a fermentation process. From adding a lively flavor to sweets and cold drinks, to generating an optimal condition for the formation of desserts, jellies and jams, citric acid has numerous applications. Malic acid is typically found in food products like tomatoes, apples, bananas, cherries, etc. Its applications are similar to those of citric acid and are generally used for the manufacture of low calorie beverages. However, it is cheap compared to citric acid.

By application, the regional market is divided into bakery, meat industry, confectionery, dairy and frozen products, drinks, and others.

Impact of covid-19 on South Africa Food Acidulants Market

COVID-19 will continue to impact the food industry and its supply chains. Meeting short-term demands shouldn't be a major challenge for most companies in the food industry, but industry experts and analysts have expressed a lack of clarity on the degree and extent of the impact sprouts. Due to this uncertainty, the F&B sector experienced delays in the supply of products. Many companies have launched contingency plans to build in-depth supply chain facilities across the country. Food retailers remain committed to preserving local supplies to combat the danger of interregional transportation bans. Food manufacturers with services in other countries have begun working with local suppliers to keep products moving and overcome potential ingredient shortages. There will surely be lasting changes in the way we live, work, and eat after we overcome the Corona virus pandemic. The F&B culture that had flourished over the past decades will have to see new challenges with the slowdown of the coronavirus, such as recovering from losses and a preference for ordering food online.

REPORT COVERAGE:

Regional Analysis:

South Africa has a well-developed retail sector that extends to other African countries. The country is the largest food and beverage market in southern Africa and serves as a gateway to other countries in sub-Saharan Africa. According to the USDA, there are more than 1,800 food production companies in South Africa, providing an excellent platform for food additive manufacturers to expand their product offering and gain a competitive advantage. Retail sales of food products in South Africa totaled $ 52.2 billion in 2018. The sector is well developed and growing dynamically in other African countries, which in turn should stimulate the South African acidulant market throughout the outlook period.

Leading Company

Corbion N.V. had the largest share of the Food Acidulants Market in terms of sales and revenue in 2020.

Key Players

Some of the major players operating in this South Africa Food Acidulants Market are Archer Daniels Midland Company, Corbion N.V., Cargill Incorporated, Tate & Lyle PLC, and Isegen South Africa (Pty) Ltd.