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Africa Food Ingredients Market Share

Report ID: GMI5257
Published Date: Apr 2022
Report Format: PDF

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Africa Food Ingredients Market Share

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
Ajinomoto Co., Inc.

along with several small- and mid-sized companies. The small-scale companies are increasingly investing in development of innovative products whereas major market players are involved in mergers & acquisition activities for market expansion and consolidation. The market players are implementing strategies such as strategic partnerships & collaborations and production capacity expansion to increase the market share and tap the growth opportunities in the market.

For instance, In February 2021, Dupont completed its Nutrition and Biosciences business merger with International Flavors & Fragrances company. IFF specializes in developing and manufacturing of food flavor and fragrances. This strategic initiative will help both companies to become leader in ingredients and solutions for health and wellness as well as the food & beverage industry.

In December 2021, Kerry Group announced the acquisition of Afribon. The company specializes in marketing & production of food flavors and has production sites in Cameron, Tanzania, Uganda, Kenya & Rwanda. This strategic initiative will help Kerry Group to expand its presence in the African market.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Africa food ingredients market value exceeded USD 2.3 billion in 2028 and is slated to expand at a CAGR of 4.5% from 2022 to 2028 driven by the soaring demand for ready-to-eat and convenience food products.

The market revenue from natural flavors & enhancers is estimated to grow at a CAGR of 5.5% through 2028 considering the escalating preference for naturally sourced enhancers and the rising demand for clean labeled food products.

South Africa food ingredients market size is expected to exceed USD 658 million by 2028 owing to the robust presence of several food & beverage manufacturers in the country.

Key companies in the Africa food ingredients market comprise Kerry Group, Archer Daniels Midland Company, Givaudan S.A., DuPont de Nemours, Inc., and others.