Egypt Acidulants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Egypt Acidulants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Egypt Food Acidulants Market is anticipated to grow at a CAGR of 7.5% during the forecasted period (2020-2025).

Key Highlights

• The growing processed food industry and rising preference for ultra-food are expected to boost the Egypt market. The major applications of Acidulants is seen in non-alcoholic beverages and soft drinks.
• Acidulants offer various functional properties. They act as antioxidants, curing and pickling agents, flavor enhancers, flavoring agents, leavening agents, pH control agents, sequestrates, and synergists. Acidulants influence the pH, and therefore, influence the environment of the micro-organisms and the effectiveness of preservatives.
• Citric acid is the most used acid in food products, due to its compatibility with most of the end products.

Key Market TrendsGrowing Consumption of Processed Foods

The growth of Egypt’s food processing and manufacturing sectors is associated with the market being price sensitive. Driving growth has been a shift to increased production for domestic consumption and exports. Egyptian food processors and manufacturers are taking advantage of Egypt’s central location in the Middle East North Africa (MENA) region to increase exports to nearby regional markets. Egyptian processed and manufactured food products are import-duty exempt in nearly all of the Arab and African export destinations. Furthermore, the changing consumer behaviour has also increased the demand for processed foods in the country. The country has experienced a remarkable CAGR of 18.03% during the past few years in the processed foods market. The evident growth in the processed food industry in Egypt will drive the growth of food ingredients including acidulants.

Citric Acid Holds A Prominent Market Share

Growth in the citric acid market is expected, due to shifting consumer preference towards organic beverages and natural drinks, as compared to alcoholic drinks. Moreover, the ability of organic acids, to impart anti-oxidants and anti-bacterial effects to food additives and power drinks, is expected to boost the region's citric acids market in coming years. The rising demand by the food manufacturers to produce flavorful food, with natural preservative is further fuelling the demand of citric acid in the country, as it is perfect to be used in craft making, candy making, pH adjustment, etc.

Competitive Landscape

Egypt acidulants market is a fragmented market with the presence of various players in the market. The companies are also consolidating and restructuring their business in line, with the supply-demand dynamics that facilitates them with sustainable sales growth. With the increasing number of health-consciousness world-wide, the major players are adopting strategies to draw the attention of consumers, by introducing products with clinical claims, such as Organic, Clean-label, Non-GMO certified, etc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

ADM
Cargill Inc.
NAMAA EGYPT
EL BADRAMANY
Univar Solutions Inc.
Brenntag AG
Kima Kamas

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