Africa Food Ingredients Market Regional Outlook, End-User Applicants by 2028

1. Africa Food Ingredients Market Size to Cross USD 2.30 Bn by 2028 Global Market Insights Inc.

2. 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. Global Market Insights Inc.

3. Continue… • 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. Global Market Insights Inc.

4. Continue… • 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. Global Market Insights Inc.

5. Continue… • 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 includeGivaudan, Ajinomoto Group, DuPont, Kerry Group, DSM, and ADM Global Market Insights Inc.

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