Market Trends of Egypt Acidulants Industry
This section covers the major market trends shaping the Egypt Acidulants Market according to our research experts:
Growing Consumption of Processed Foods
The growth of Egypt's food processing and manufacturing sectors is associated with the market being price sensitive. Driving growth has been a shift to increased production for domestic consumption and exports. Egyptian food processors and manufacturers are taking advantage of Egypt's central location in the Middle East North Africa (MENA) region to increase exports to nearby regional markets. Egyptian processed and manufactured food products are import-duty exempt in nearly all of the Arab and African export destinations. Furthermore, the changing consumer behaviour has also increased the demand for processed foods in the country. The country has experienced a remarkable CAGR of 18.03% during the past few years in the processed foods market. The evident growth in the processed food industry in Egypt will drive the growth of food ingredients including acidulants.
Citric Acid Holds A Prominent Market Share
Growth in the citric acid market is expected, due to shifting consumer preference towards organic beverages and natural drinks, as compared to alcoholic drinks. Moreover, the ability of organic acids, to impart anti-oxidants and anti-bacterial effects to food additives and power drinks, is expected to boost the region's citric acids market in coming years. The rising demand by the food manufacturers to produce flavorful food, with natural preservative is further fuelling the demand of citric acid in the country, as it is perfect to be used in craft making, candy making, pH adjustment, etc.
