Africa Food Sweetener Market - Growth, Trends and Forecast 2017 - 2022

  • ID: 4386825
  • Report
  • Region: Africa
  • 89 pages
  • Mordor Intelligence
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In 2014 the global market for food sweeteners was valued at USD 84 billion. It is estimated to increase at a CAGR of 4.5% to reach nearly USD 111 billion by 2020.

Africa Food Sweetener Market Dynamics

Sugar dictates more than 80% share in this market. The major constraint in the sugar market is the volatility in prices, leading to market fluctuations.

Africa Food Sweetener Market Segmentation

The sweetener market is segmented into sugar, high-intensity sweeteners (HIS) and high-fructose corn syrup. The market for HIS is expected to reach nearly USD 2.2 billion in 2020 at a CAGR of 5.1%. This growth is due to increased awareness and usage of dietary foods. Another major driver is the growing population of overweight, obese, and diabetic patients which is resulting in growth in this category. Although presently, HIS does not constitute a major share of the market, this is the fastest growing segment due to the rising health concerns among people. Aspartame and sucralose are the most famous sweeteners in the HIS segment. Stevia is also seeing a major demand in the natural sweeteners category. Saccharin and cyclamate are the lowest-cost HIS available, and therefore enjoy wide use in developing regions of Africa. Along with Asia and South America, Africa accounted for the bulk of cyclamate consumption. As diet beverages and food become more popular for health-related reasons, cyclamate, as the least expensive HIS, has replaced sucrose or table sugar in these regions.

In the African regions, concerns about health and nutrition are relatively nascent and diet products have less market penetration, due to which food sweeteners are in high demand in this region.

Key Players in the African Food Sweetener Market

The leading players in this segment are Cargill, Kerry Group, Stevia First Corporation, Hermes Sweeteners Ltd, and Tate and Lyle Plc. Companies are bringing innovations in the stevia-derived products to meet the consumer demand for non-caloric natural sweeteners.
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Research Methodology
1.2 Market Definition
1.3 Report Description
2. Key Findings
3. Market Overview & Dynamics
3.1 Introduction
3.2 Drivers
3.2.1 Undeveloped cold storage chains in the value chain
3.2.2 Expanding Processed Foods market
3.2.3 Penetration of Organized Retail sector
3.2.4 Increasing demand from Emerging countries
3.3 Restraints
3.3.1 Consumers demand for Natural Additives
3.3.2 Demand for Clean label solutions
3.3.3 Complex US regulatory environment
3.4 Opportunities
3.4.1 Growing demand for Natural and Nutraceutical Ingredients
3.4.2 Innovations to meet the wellness demand
3.4.3 Wider Acceptance of GSFA for improved International Trade
3.5 Porter Five Forces Analysis
3.5.1 Bargaining power of Suppliers
3.5.2 Bargaining power of Buyers
3.5.3 Degree of Competition
3.5.4 Threat of Substitution
3.5.5 Threat of new entrants
4. Market Segmentation
4.1 by Type
4.1.1 Bulk Sweeteners Sucrose Fructose Lactose High Fructose Corn Syrup (HFCS) Others
4.1.2 Sugar Substitutes Sucralose Xylitol Stevia Aspartame Saccharine Others
4.2 By Application
4.2.1 Dairy & Frozen products
4.2.2 Bakery
4.2.3 Beverages
4.2.4 Meat and seafood products
4.2.5 Confectionary
4.2.6 Others
5. Competitive Landscape Overview
5.1 Market Share Analysis
5.2 Strategies by leading players
5.3 New Product Developments &Other Innovations
6. Company Profiles
6.1 Cargill Inc
6.2 Kerry Group
6.3 Corbion Purac
6.4 Stevia First Corporation
6.5 Hermes Sweetners Ltd
6.6 Tate & Lyle Plc
6.7 Archer Daniels Midland (ADM)
6.9 Corn Products International
6.10 Danisco
6.11 JK Sucralose Inc
6.12 Fraken Biochem
6.13 Associated British Foods
6.14 Ashland
6.15 Australian Stevia Mills
7. Appendix
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Note: Product cover images may vary from those shown