Africa Food Ingredients Market to 2028 - Opportunity Analysis & Growth Insights

1. Africa Food Ingredients Market - Growth Statistics, Trends Analysis, Revenue and Forecast to 2028

2. Africa Food Ingredients Market size is expected to exceed USD 2.30 billion by 2028. Rising consumption of dairy & frozen dairy products coupled with the rapidly growing food & beverage sector is anticipated to positively influence the market. Additionally, growing demand for processed & packaged food coupled with an increasing focus on innovation in the food & beverage industry should drive the market growth. • Some major findings of the market report include: • Flavours & enhancers product is projected to grow at a CAGR of over 5.0% over the forecast timeframe owing to increasing product usage in non-alcoholic beverages and innovative food products. • Beverages application is predicted to surpass USD 928.0 million by the end of 2028 owing to rising consumption of functional and fortified beverages. • Major players in the food ingredients market are focused on implementing strategic initiatives such as mergers & acquisition, partnerships, and collaborations to cater the rising demand for food ingredients across Africa. • South Africa comprises a significant share in the food ingredients market and is anticipated to grow with a CAGR of over 4.5% owing to developed food & beverage sector and surging demand for processed food.

3. The acidulants market surpassed USD 98.0 million in 2021 and is anticipated to witness a growth of over 5.5% in the forecast period. Acidulants are used in food products beverages due to its functional benefits such as a preservative for microbial control, flavouring agent, chelating agent, gelling, buffers, and coagulating agent. Its primary function is to stabilize the pH level of the food product and preserve the product's shelf life. Thus, the increasing focus of food & beverage producers on increasing shelf life and quality of the products is boosting product demand. • Citric acid is the most widely used food acidulant. It is used to control microorganisms’ growth, adjust acidity (pH), provide sourness & tartness, and enhance flavors. Moreover, acetic acid is extensively used in the commercial production of vinegar. It also performs various functions such as pH control, flavor enhancer, and microbial control in food and beverages, thus bolstering product demand. • The bakery & confectionery application surpassed USD 352.0 million in 2021 and is anticipated to witness a growth of over 5.0% in the forecast period. Food ingredients are widely used in bakery & confectionery products for their features such as improved quality, enhanced taste, increased shelf life, and texture enhancement. Growing consumption of baked products such as biscuits, cakes, bread, toast, and cupcakes owing to increasing demand for ready- to eat food and rising demand for confectionery products by millennials should escalate product demand.

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5. Ethiopia food ingredients market surpassed USD 163.5 billion in 2021 and is anticipated to grow at a significant pace at over 5.0% CAGR up to 2028. High production and consumption of dairy & dairy product in Ethiopia is driving the demand for food ingredients such as emulsifiers, thickeners, and antioxidants to improve flavor and shelf life, thus propelling the market growth. Additionally, shifting preferences toward wheat & flour-based products, such as pasta, pizzas, cereals, and biscuits, are propelling the use of food ingredients. • Competitive Analysis • Africa food ingredients industry is highly fragmented with a presence of major manufacturers such as Archer Daniels Midland Company (ADM), Koninklijke DSM N.V., Kerry Group, DuPont de Nemours, Inc., Givaudan S.A, and Ajinomoto Co., Inc., along with several small- and mid-sized companies.

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