Africa Food Ingredients Market Size, Share and industry Analysis Report by Product (Flavors & Enhancers {Natural, Artificial}, Sweeteners, Food Emulsifiers {Mono, Di-Glycerides & Derivatives, Lecithin, Stearoyl Lactylates, Sorbitan Esters}, Acidulants {Ci

Africa Food Ingredients Market Size, Share and industry Analysis Report by Product (Flavors & Enhancers {Natural, Artificial}, Sweeteners, Food Emulsifiers {Mono, Di-Glycerides & Derivatives, Lecithin, Stearoyl Lactylates, Sorbitan Esters}, Acidulants {Citric Acid, Lactic Acid, Fumaric Acid, Phosphoric Acid, Tartaric Acid, Malic Acid}, Shelf -Life Stabilizers, Food Colorants {Natural, Synthetic}, Enzymes, Hydrocolloids {Xanthan Gum, Starch, Guar Gum, Carrageenan}, Preservatives {Natural, Artificial [Antimicrobial Agent, Antioxidants, Chelating Agent]}) and Application (Bakery & Confectionery, Food & Nutrition, Beverages, Dairy & Frozen Desserts, Sauces & Dressing), Regional Outlook, Application Potential, Competitive Market 2022- 2028

The Africa food ingredients market is anticipated to grow massively by 2028 owing to growing demand for ready-to-eat products. In addition, high product demand in the food & beverage sector, coupled with growing consumption of convenient and fortified foods, is likely to further contribute to market growth through the forecast timeline.

Recently, major players in the industry have been implementing strategic initiatives to expand their market standing, which has substantially supported overall business dynamics. For instance, in March 2021, Kerry Group, a leading taste and nutrition company, announced a partnership with the UN World Food Programme (WFP) to enhance the production and availability of safe & sustainable milk for children as well as communities in Burundi, East Africa.

In another instance, in February 2022, the Archer Daniels Midland (ADM) Company, a leading American food processing and commodities trading corporation, completed the acquisition of Comhan, a South African leading flavor distributor, strengthening its position in the South African food ingredients space.

The Africa food ingredients market has been bifurcated based on product, application, and country. With regards to product, the Africa food ingredients market has been divided into flavors & enhancers, food emulsifiers, sweeteners, acidulants, shelf-life stabilizers, hydrocolloids, food colorants, and preservatives.

The food emulsifiers segment is projected to grow with a CAGR of above 4.2% over the forecast period. Under food emulsifiers, the Africa food ingredients market has been further classified into lecithin, sorbitan esters, mono, di-glycerides & derivatives, and others. The mono, di-glycerides & derivatives market is speculated to reach approximately USD 41.0 million valuation by 2028. The lecithin segment is likely to showcase around 4.5% gains by 2028.

The Africa food ingredients market share from the sorbitan esters is anticipated to be valued at more than USD 2.5 million by the end of the study timeframe. The others food emulsifiers segment, which includes polyglycerol ester and polyglycerol polyricinoleate, is estimated to register over 3.5% gains by 2028.

Under acidulants, the market has been divided into lactic acid, citric acid, acetic acid, fumaric acid, phosphoric acid, tartaric acid, and malic acid. The lactic acid segment is contemplated to grow at a CAGR of above 6.0% from 2022 to 2028. Malic acid is anticipated to expand at over 5.0% CAGR through 2028.

The fumaric acid segment is slated to develop at a CAGR of roughly 4.0% over the projected timeline. In 2021, the Africa food ingredients market size from phosphoric acid surpassed USD 4.70 million in revenue and is set to observe robust growth by 2028. Tartaric acid was valued at nearly USD 1.80 million in 2021 and is estimated to exhibit steady progress in the coming years.

The shelf-life stabilizer segment is expected to attain about USD 52.0 million in revenue share by the end of 2028. The food colorants segment is speculated to depict significant gains at approximately 4.0% by 2028.

Under food colorants, the market has been segmented into natural and synthetic. The natural food colorants segment is anticipated to witness robust expansion at a CAGR of around 3.5% over the forecast period. The synthetic food colorants segment surpassed a valuation of USD 14.5 million in 2021 and is expected to grow significantly during the review timeframe.

Under hydrocolloids, the Africa food ingredients market has been further categorized into xanthan gum, gelatin gum, starch, carrageenan, guar gum, and others. Xanthan gum was valued at approximately USD 5.25 million in 2021 and is slated to progress considerably through 2028. The gelatin gum segment is anticipated to reach approximately USD 32.5 million in revenue by 2028.

The guar gum segment is primed to register over 4.9% gains through the analysis timespan. The carrageenan segment is speculated to be worth over USD 3.30 million by the end of 2028. In 2021, the others hydrocolloids segment, which includes locust bean gum, acacia gum, or gum Arabic, was valued at around USD 23.0 million and is slated to grow steadily over the review timeframe.

The preservatives product segment generated around USD 52.0 million in market revenue share in 2021 and is forecast to amass notable gains up to 2028. Under preservatives, the Africa food ingredients market has been segregated into natural and artificial.

The natural preservatives segment is poised to reach USD 30.5 million in revenue by the end of the analysis timeline. The artificial preservatives market, on the other hand, is projected to register above 3.5% gains by 2028.

The artificial preservatives product segment has been fragmented into antimicrobial agents, antioxidants, and chelating agent. The antimicrobial agents segment garnered a valuation of around USD 10.2 million in 2021 and is primed to progress at a steady pace over 2022-2028. The antioxidants segment is anticipated to surpass a valuation of USD 22.5 million by the end of the study time period. The chelating agent segment is contemplated to register above 2.5% gains by 2028.

In terms of application, the Africa food ingredients market has been further divided into bakery & confectionery, dairy & frozen desserts, food & nutrition, beverages, and sauces & dressings. The dairy & frozen desserts segment surpassed USD 164.0 million in 2021 and is projected to record solid revenue growth over the review period. The sauces & dressings segment is foreseen to register approximately 4.0% gains by 2028.

By country, the Africa food ingredients market spans the geographies of Kenya, Nigeria, South Africa, Ghana, Ethiopia, Tanzania, and Rest of Africa. The Kenya food ingredients market is speculated to exceed a valuation of USD 173.5 million by the end of the stipulated timeline. The Ghana food ingredients industry is estimated to be valued at more than USD 57.5 million by 2028.

The Tanzania food ingredients market is poised to expand at a CAGR of around 4.2% through the forecast period. The Rest of Africa food ingredients market, which includes Egypt, Morocco, Algeria, and Tunisia, is primed to register above 4.7% gains up to 2028.