South Africa: Insufficient Food Ingredients Production in South Africa Presents Diverse Opportunities for US Exporters
The South African food ingredients market was valued at R25.6 Billion (US$1.7 billion) in 2019, and is expected to reach R30 billion (US$2.0 billion) by 2024. Notably, South Africa does not produce sufficient food ingredients to meet the local demand. As a result, an estimated 90 percent of food ingredients are imported. The United States is already a reputable exporter of food ingredients to South Africa and opportunities for U.S. food ingredients exports are diverse.
