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South Africa Food Sweetener Market - Growth, Trends and Forecasts (2019 - 2024)

  • ID: 4828018
  • Report
  • Region: Africa, South Africa
  • 80 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2019
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FEATURED COMPANIES

  • Ajinomoto Co., Inc.
  • Cargill Incorporated
  • GLG Life Tech Corporation
  • Ingredion Incorporated
  • PureCircle Limited
  • Tate & Lyle PLC
  • MORE
Market Overview

South Africa Food Sweeteners Market is forecasted to grow at a rate of 5.88% during the forecast period (2019 - 2024).
  • South African Food Sweetener market is the largest market in Africa holding around 15% of the African market.
  • The increasing levy on sugar is also a factor that leads the manufaturers to use sweeteners. Due to the increasing levy manufacturers are trying to reduce the sugar content, and in turn, the calorie content, but without compromising the taste of the final product.
  • Even with high growth rates and higher consumption rates, consumers no longer want to consume artificial ingredients and controversy surrounding the possible health effects of artificial sweeteners are hindering the market.
Scope of the Report

South Africa Food Sweetener Market is segmented by Type into Sucrose, Starch Sweeteners and Sugar Alcohols and High-Intensity Sweeteners. The market is segmented by Application into Dairy, Bakery, Beverages, Soups, Sauces and Dressings, Confectionery and Others.

Key Market Trends

Stevia Is The Growing Sweetener Type

Stevia a natural sweetener, otherwise known as stevia rebaudiana, is known worldwide for its sweet plant leaves. According the World Health Organization (WHO), t few years. Companies, such as Purecircle are investing heavily in R&D to meet the global demand for plant based sweetener across the entire food and beverage industry. Stevia, has been approved for use in South Africa with the recent promulgation (10 September 2012) of new sweetener regulations. Regulations Relating to the Use of Sweeteners in Foodstuffs, allows the use of extracts of Stevia rebaudiana, in composition and quantities in line with Codex standards, in food and beveglobal stevia consumption could eventually replace 20% to 30% of all dietary sweeteners in the nexrages.

Beverage Segment Is One Of The Major Application Area

Intakes of soft drinks, colas, other sweetened carbonated beverages, and fruit drinks with added sugar have increased dramatically, especially among youth, whereas the intake of milk has declined.The intake of beverages has changed dramatically over the past few decades, coinciding with an increased prevalence of obesity. the South African Revenue Services (SARS) announced that it will start to collect sugar tax from all sweetened beverages, excluding 100% fruit juices. Due to recent studies on the detrimental health impact of beverages containing artificial sweeteners, consumers are increasingly turning to new products, such as ready to drink herbal teas, functional beverages, etc.

Competitive Landscape

South Africa Food Sweetener market is a fragmented with the presence of various local and major players. Players are coming up with various sweeteners to expand their product portfolio and dominate the market. Players are also focusing on natural sweeteners since consumers are more attracted towards natural label.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ajinomoto Co., Inc.
  • Cargill Incorporated
  • GLG Life Tech Corporation
  • Ingredion Incorporated
  • PureCircle Limited
  • Tate & Lyle PLC
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY
3.1 Market Overview

4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Sucrose (Common Sugar)
5.1.2 Starch Sweeteners and Sugar Alcohols
5.1.2.1 Dextrose
5.1.2.2 High Fructose Corn Syrup (HFCS)
5.1.2.3 Maltodextrin
5.1.2.4 Sorbitol
5.1.2.5 Xylitol
5.1.2.6 Others
5.1.3 High Intensity Sweeteners (HIS)
5.1.3.1 Sucralose
5.1.3.2 Aspartame
5.1.3.3 Saccharin
5.1.3.4 Cyclamate
5.1.3.5 Ace-K
5.1.3.6 Neotame
5.1.3.7 Stevia
5.1.3.8 Others
5.2 By Application
5.2.1 Dairy
5.2.2 Bakery
5.2.3 Soups, Sauces and Dressings
5.2.4 Confectionery
5.2.5 Beverages
5.2.6 Others

6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Tate & Lyle PLC
6.4.2 Cargill Incorporated
6.4.3 Archer Daniels Midland Company
6.4.4 Ingredion Incorporated
6.4.5 Ajinomoto Co., Inc.
6.4.6 PureCircle Limited
6.4.7 GLG Life Tech Corporation
6.4.8 *List is not Exhaustive

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • Tate & Lyle PLC
  • Cargill Incorporated
  • Archer Daniels Midland Company
  • Ingredion Incorporated
  • Ajinomoto Co., Inc.
  • PureCircle Limited
  • GLG Life Tech Corporation
  • *List is not Exhaustive
Note: Product cover images may vary from those shown
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