Africa Food Ingredients Market Share

Africa Food Ingredients Market Share

Africa food ingredients industry is highly fragmented with a presence of major manufacturers such as

• Archer Daniels Midland Company (ADM)
• Koninklijke DSM N.V.
• Kerry Group
• DuPont de Nemours, Inc.
• Givaudan S.A
• Ajinomoto Co., Inc.

along with several small- and mid-sized companies. The small-scale companies are increasingly investing in development of innovative products whereas major market players are involved in mergers & acquisition activities for market expansion and consolidation. The market players are implementing strategies such as strategic partnerships & collaborations and production capacity expansion to increase the market share and tap the growth opportunities in the market.
 

For instance, In February 2021, Dupont completed its Nutrition and Biosciences business merger with International Flavors & Fragrances company. IFF specializes in developing and manufacturing of food flavor and fragrances. This strategic initiative will help both companies to become leader in ingredients and solutions for health and wellness as well as the food & beverage industry.
 

In December 2021, Kerry Group announced the acquisition of Afribon. The company specializes in marketing & production of food flavors and has production sites in Cameron, Tanzania, Uganda, Kenya & Rwanda. This strategic initiative will help Kerry Group to expand its presence in the African market.