South Africa Food Thickeners Market Size & Outlook
South Africa food thickeners market, 2018-2027 (US$M)
Related Markets
South Africa food thickeners market highlights
- The South Africa food thickeners market generated a revenue of USD 153.1 million in 2019 and is expected to reach USD 212.4 million by 2027.
- The South Africa market is expected to grow at a CAGR of 4.2% from 2020 to 2027.
- In terms of segment, hydrocolloids was the largest revenue generating type in 2019.
- Protein is the most lucrative type segment registering the fastest growth during the forecast period.
Food thickeners market data book summary
| Market revenue in 2019 | USD 153.1 million |
| Market revenue in 2027 | USD 212.4 million |
| Growth rate | 4.2% (CAGR from 2019 to 2027) |
| Largest segment | Hydrocolloids |
| Fastest growing segment | Protein |
| Historical data | 2018 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Protein, Starch, Hydrocolloids |
| Key market players worldwide | Archer-Daniels Midland Co, DuPont de Nemours Inc, Tate & Lyle PLC, Kerry Group PLC Class A, Ingredion Inc, Ashland Inc, Darling Ingredients Inc, Huvis, Cargill, CP Kelco, TIC Gums, Naturex, Medline Industries |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.2% of the global food thickeners market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Middle East & Africa, South Africa food thickeners market is projected to lead the regional market in terms of revenue in 2027.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 142.0 million by 2027.
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Food Thickeners Market Scope
Food Thickeners Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa food thickeners market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food thickeners market will help companies and investors design strategic landscapes.
Hydrocolloids was the largest segment with a revenue share of 40.69% in 2019. Horizon Databook has segmented the South Africa food thickeners market based on protein, starch, hydrocolloids covering the revenue growth of each sub-segment from 2018 to 2027.
The South African food industry amounted to over USD 55 billion in 2017. South Africa dominated the food & beverage industry in the Africa region, accounting for the majority share.
The beverage industry segments such as juices, bottled water, and sports & energy drinks are projected to witness growth rates of 29%, 25%, and 35%, respectively.
Over the coming years. In addition, the widespread urbanization in South Africa is expected to have a positive impact on the food & beverage industry, mainly on account of the changing consumer behavior trends.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa food thickeners market , including forecasts for subscribers. This country databook contains high-level insights into South Africa food thickeners market from 2018 to 2027, including revenue numbers, major trends, and company profiles.
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South Africa food thickeners market size, by type, 2018-2027 (US$M)
South Africa Food Thickeners Market Outlook Share, 2019 & 2027 (US$M)
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