Market Trends of South Africa Food Enzymes Industry
This section covers the major market trends shaping the South Africa Food Enzymes Market according to our research experts:
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.
