Africa Food Ingredients Market Application, Global Forecast to 2032

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Africa Food Ingredients Market Size to Cross USD
2.30 Bn by 2028
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Overview of Feed Mycotoxin Binders Market

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

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• 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.
• 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.

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• 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.
• 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.

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• 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.
• 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.
• Notable participants in the Africa Food
  Ingredients market include Givaudan, Ajinomoto
  Group, DuPont, Kerry Group, DSM, and ADM

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