South Africa Food Enzymes Market

South Africa Food Enzymes Market Analysis

The South Africa Food Enzymes Market is expected to register a CAGR of 3.4% during the forecast period.

• The growing demand for processed foods and increasing health consciousness in the people is driving the food & beverage industry which in turn is driving the food enzymes market. Food enzymes are major food additives that convert complex molecules into simpler ones in our diet.
• The government's support, through enabling policies, has positively impacted the growth of the food enzyme market in the country. Many South African companies have formed associations with international companies, giving South Africa access to the latest technology, expertise, and distribution. For instance, In August 2019, Barentz International, a leading global distributor of a comprehensive portfolio of specialty ingredients (including food enzymes), announced a joint venture with SK Chemtrade Services, to continue its expansion in South Africa.
• The demand for processed and packaged foods is growing with the need to provide food security and safety. However, due to complexities in the global food supply chain, there is a need to add food additives to keep intact the nutritional content and maintain the shelf life. Food enzymes are major food additives that convert complex molecules into simpler ones in our diet.

South Africa Food Enzymes Market Trends

Progressive Growth in Retail Sector of the Country

South Africa has a well-developed retail sector expanding into other African countries. The country is the biggest market for food and beverage products in Southern Africa and serves as a gateway to other Sub-Saharan African countries. According to USDA, there are over 1,800 food production companies in South Africa, which provides a great platform for the food enzymes manufacturers to expand their product offerings and gain competitive advantage. South African food retail sector is continuously developing and aggressively expanding into other African countries, which in turn is expected to boost the market of food acidulants during the forecast period.

Increasing Application in Confectionery Sector

South Africa has one of the largest and most well-established confectionery markets on the African continent. South Africa has a sizeable market for chocolate confectionery since income levels and therefore consumer spending tends to be higher than the regional average, whilst the country also has a fairly developed retail food industry. This is one of the major which is driving the application of food enzymes in the confectionery segment of the country. As consumers are actively seeking for nutritional benefits in their food products, the application of food enzymes in confectionery products is one of the greatest opportunity for the manufacturers to cater the on-going interest of the consumers as well as giving a boost to the overall growth to the food enzymes market in the country.

South Africa Food Enzymes Industry Overview

The South Africa food acidulants market faces high competition, with the presence of both global and local players.Some of the companies operating in this market are DuPont, Chr. Hansen Holding A/S, Koninklijke DSM N.V., Kerry Inc, and Corbion N.V. Acquisitions and partnerships remain the most common strategy adopted by key players in the South African food acidulants market. The global giants, like Corbion, have been continuously increasing their presence and expanding their food acidulants businesses through acquisitions. Additionally, the companies are active with new or product launches and sustainable procurement for raw material. The major manufacturers are focusing on utilizing fermentation technology both an aerobic and anaerobic method for the production of major food acidulants.

South Africa Food Enzymes Market Leaders