Dublin, Dec. 27, 2024 (GLOBE NEWSWIRE) -- The "Staple Foods in South Africa" report has been added to ResearchAndMarkets.com's offering.
Retail volume sales of staple foods in South Africa are gradually rising in 2024, as an increasing number of local consumers find themselves in a better financial position compared to the previous year due to factors such as lower food inflation and decreased interest rates. The outcome of the South African national election also boosted the positive outlook, which saw the formation of the Government of National Unity (GNU) that aims to grow the local economy and focus on fiscal discipline.
The Staple Foods in South Africa report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2019-2023, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market directly informs our forecasts to 2028, clearly indicating how the market is expected to change.
Product coverage: Baked Goods, Breakfast Cereals, Processed Fruit and Vegetables, Processed Meat, Seafood and Alternatives to Meat, Rice, Pasta and Noodles.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Staple Foods market;
- Pinpoint growth sectors and identify factors driving change;
- Understand the competitive environment, the market's major players and leading brands;
- Use five-year forecasts to assess how the market is predicted to develop.
Key Topics Covered:
EXECUTIVE SUMMARY
- Staple foods in 2024: The big picture
- Key trends in 2024
- Competitive Landscape
- Channel developments
- What next for staple foods?
MARKET DATA
- Table 1 Sales of Staple Foods by Category: Volume 2019-2024
- Table 2 Sales of Staple Foods by Category: Value 2019-2024
- Table 3 Sales of Staple Foods by Category: % Volume Growth 2019-2024
- Table 4 Sales of Staple Foods by Category: % Value Growth 2019-2024
- Table 5 NBO Company Shares of Staple Foods: % Value 2020-2024
- Table 6 LBN Brand Shares of Staple Foods: % Value 2021-2024
- Table 7 Penetration of Private Label by Category: % Value 2019-2024
- Table 8 Distribution of Staple Foods by Format: % Value 2019-2024
- Table 9 Forecast Sales of Staple Foods by Category: Volume 2024-2029
- Table 10 Forecast Sales of Staple Foods by Category: Value 2024-2029
- Table 11 Forecast Sales of Staple Foods by Category: % Volume Growth 2024-2029
- Table 12 Forecast Sales of Staple Foods by Category: % Value Growth 2024-2029
BAKED GOODS IN SOUTH AFRICA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Intense competition and constrained market environment lead to another year of decline
- Health and wellness trend drives up demand for flat bread and fortified options
- Gradual shifts in consumers' purchasing behaviour influences distribution
PROSPECTS AND OPPORTUNITIES
- Affordability expected to remain leading demand driver for bread as volatile global wheat prices persist
- Tiger Consumer Brands calls for local partnership to reduce imports and boost local production
- Private label set to continue lead innovation within cakes and pastries
BREAKFAST CEREALS IN SOUTH AFRICA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Consumers feel further pressure as food inflation continues to rise
- Healthier options dominate new breakfast cereal launches
- Rising costs lead to fewer promotions and loss of share
PROSPECTS AND OPPORTUNITIES
- Weak performance expected over the forecast period due to elevated costs
- Health and wellness to support interest in fortified breakfast cereals
- Updates on food labelling legislation still likely in the future
PROCESSED MEAT, SEAFOOD AND ALTERNATIVES TO MEAT IN SOUTH AFRICA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Shelf stable seafood remains an important protein source in South Africa
- Lucky Star maintains strong performance despite temporary factory closure
- Rainbow Simply Chicken's innovative products drive solid performance
PROSPECTS AND OPPORTUNITIES
- Shelf stable poultry set to intensify competition over the forecast period
- Further growth predicted for meat and seafood substitutes as target audience expands
- Updates on food labelling legislation still likely in the future
PROCESSED FRUIT AND VEGETABLES IN SOUTH AFRICA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Shelf stable beans enjoys robust growth through retail and foodservice as an affordable source of protein
- Affordable options from private label continue to attract price-sensitive consumers
- Increased import tariffs remain in place to protect local potato farmers
PROSPECTS AND OPPORTUNITIES
- Consumers set to continue focusing on affordability to stretch household budgets
- Home-cooking trend and leftovers culture expected to continue
- Brands expected to leverage social media to increase consumer awareness and drive sales
RICE, PASTA AND NOODLES IN SOUTH AFRICA
KEY DATA FINDINGS
2024 DEVELOPMENTS
- Rice remains popular staple food in South African households due to affordability
- Rising costs lead to fewer promotions and lost share
- Supermarkets strengthens dominance as distribution channel
PROSPECTS AND OPPORTUNITIES
- Home-cooking trend and leftovers culture expected to remain relevant
- Price pressure on rice to potentially ease as India removes ban on exports and source markets report good yields
- Brands expected to leverage social media to increase consumer awareness and drive sales
For more information about this report visit https://www.researchandmarkets.com/r/ivr8tu
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