The South Africa Bakery Products Market grew moderately in 2018 and 2019, owing to a increase in consumption by the growing population. Furthermore, government’s initiative 'South Africa's Township and Rural Entrepreneurship Programme (TREP),' in which the government gave $1 million to 1,400 owner-managed micro, home-based, co-operative bakeries and confectioneries, is accelerating the country's bakery product growth. Due to the COVID-19 outbreak, tendency of bulk purchasing of bread products was observed throughout the country in 2020 leading to a sudden spike in sales. However, disruption of supply chain as well as imports dependency for wheat, resulted in supply side constraints; additionally, the closure of bakeries, restaurants, retail establishments, and other places of business resulted in significant business interruption and loss of revenue.
According to the publisher, the South Africa Bakery Products Market revenue size is projected to grow at a CAGR of 2.7% from 2022-to 2028. The Bakery Products Market in south Africa will obtain growth over the forecast period since the demand for these products is growing in the country. South Africa Bakery Products Industry is an essential part of the Africa Bakery Products Market. Over the past few years, bakery products market in South Africa grew steadily on account of growing demand for affordable and ready-to-eat products among consumers due to fast-paced lifestyle and constrained spending among majority class of the country. Development of the retail sector, with expansion of supermarket/ hyper market networks across key cities along with development of retail store chains would continue to support growth of the domestic bakery industry.
There are a number of key companies operating in this sector and with their hard work and efforts they have been adding value to the South Africa Bakery Products Market growth.
Market by Product Types
Bread, traditionally being a key ingredient of the staple diet in the country accounts for a major chunk of the South Africa bakery products market revenues. However, several factors such as prevalence of home baking, consumer preference for lower value product and increasing wheat prices are impeding growth of the market. Bread will remain the highest growing product type segment in the market.
Market by Distribution Channels
Convenience store held significant revenues in South Africa bakery product market on account of wide presence and proximity across diverse residential developments. This segment will grow more in the years to come.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2018 to 2028.
- Base Year: 2022
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- South Africa Bakery Products Market Overview
- South Africa Bakery Products Market Outlook
- South Africa Bakery Products Market Forecast
- South Africa Bakery Products Market Size
- Historical Data of South Africa Bakery Products Market Revenues, for the Period 2018-2021
- South Africa Bakery Products Market Forecast of Revenues, Until 2028
- Historical Data of South Africa Bakery Products Market Revenues, by Product Types, for the Period 2018-2021
- Market Size & Forecast of South Africa Bakery Products Market Revenues, by Product Types, until 2028
- Historical Data of South Africa Bakery Products Market Revenues, by Distribution Channels, for the Period 2018-2021
- Market Size & Forecast of South Africa Bakery Products Market Revenues, by Distribution Channels, until 2028
- Market Drivers and Restraints
- South Africa Bakery Products Market Trends
- Market Opportunity Assessment
- South Africa Bakery Products Market Share, By Players
- South Africa Bakery Products Market Share, By Regions
- South Africa Bakery Products Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Product Types
- Cakes and Pastries
- Biscuits
- Bread
- Sandwiches & Wraps
- Others
By Distribution Channels
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Online Retailing
- Others
Table of Contents
1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of The Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. South Africa Bakery Products Market Overview
3.1. South Africa Bakery Products Market Revenues, 2018-2028F
3.2. South Africa Bakery Products Market - Industry Life Cycle
3.3. South Africa Bakery Products Market - Porter’s Five Forces
3.4. South Africa Bakery Products Market Revenue Share, By Product Types, 2019 & 2028F
3.5. South Africa Bakery Products Market Revenue Share, By Distribution Channels, 2019 & 2028F
4. South Africa Bakery Products Market Covid-19 Impact Analysis
5. South Africa Bakery Products Market Dynamics
5.1. Impact Analysis
5.2. Market Drivers
5.3 Market Restraints
6. South Africa Bakery Products Market Trends
7. South Africa Bakery Products Market Overview, By Product Types
7.1. South Africa Cakes and Pastries Market Revenues, 2018-2028F
7.2. South Africa Biscuits Market Revenues, 2018-2028F
7.3. South Africa Bread Market Revenues, 2018-2028F
7.4. South Africa Sandwiches & Wraps Market Revenues, 2018-2028F
7.5. South Africa Others Market Revenues, 2018-2028F
8. South Africa Bakery Products Market Overview, By Distribution Channels
8.1. South Africa Bakery Products Market Revenues, By Hypermarkets/Supermarkets Distribution Channel, 2018-2028F
8.2. South Africa Bakery Products Market Revenues, By Convenience Stores Distribution Channel, 2018-2028F
8.3. South Africa Bakery Products Market Revenues, By Speciality Stores Distribution Channel, 2018-2028F
8.4. South Africa Bakery Products Market Revenues, By Online Retailing Distribution Channel, 2018-2028F
8.5. South Africa Bakery Products Market Revenues, By Other Distribution Channels, 2018-2028F
9. South Africa Bakery Products Market - Key Performance Indicators
10. South Africa Bakery Products Market - Opportunity Assessment
10.1. South Africa Bakery Products Market Opportunity Assessment, By Product Types, 2028F
10.2. South Africa Bakery Products Market Opportunity Assessment, By Distribution Channels, 2028F
11. South Africa Bakery Products Market Competitive Landscape
11.1. South Africa Bakery Products Market Revenue Ranking, By Companies, 2021
11.2. South Africa Bakery Products Market Competitive Benchmarking, By Operating & Technical Parameters
12. Company Profiles
12.1. Pioneer Food Group
12.2. Tiger Brands
12.3. Premier Foods Group
12.4. RCL Foods
12.5. AVI Limited
12.6. Libstar operations (pty) ltd
12.7. Bimbo QSR
12.8. Blue Shirt Bakery
12.9. Rhodes Foods Pty Ltd
12.10. Baketech (Pty) Ltd
13. Key Recommendations
14. Disclaimer
List of Figures
1. South Africa Bakery Products Market Revenues, 2018-2028F ($ Million)
2. South Africa Bakery Products Market Revenue Share, By Types, 2021 & 2028F
3. South Africa Bakery Products Market Revenue Share, By Distribution Channels, 2021 & 2028F
4. Consumer expenditures in Africa (US$ Trillion), (2025 - 2030)
5. South Africa Industry revenue of "restaurants, bars and canteens" 2018-2023 (in US$ Billion).
6. South Africa Usage of Online Services by Frequency of Online Shopping (2020)
7. Popularity of E-commerce in South Africa, By Product Category (% respondents)
8. South Africa Composition of employment by occupational level before and during COVID-19
9. South African Food Inflation and Consumer Price Index (2018-2021)
10. South Africa Wheat Price Rand per Tons (2017 - 2020)
11. South Africa Hotel room revenue, 2018-2022
12. South Africa Hotel room revenue (% Change year on year)
13. South Africa Consumer spending their budget on food, 2020
14. South Africa Ultra-processed beverages, sales (Kg) per capita
15. South Africa Annual Per Capita Consumption (Kg/Person) Of The Major Starches, 2021
16. South Africa Bakery Products Market Opportunity Assessment, By Product Type, 2028F
17. South Africa Bakery Products Market Opportunity Assessment, By Distribution Channel, 2028F
18. South Africa Bakery Products Market Revenue Ranking, By Companies, 2021
List of Tables
1. South Africa Bakery Products Market Revenues, By Product Type, 2018-2028F ($ Million)
2. South Africa Bakery Products Market Revenues, By Material, 2018-2028F ($ Million)
3. South Africa Price trends of Wheat, 2018-2020
4. South Africa Future Prices of wheat (Year/Month),2022
Companies Mentioned
- Pioneer Food Group
- Tiger Brands
- Premier Foods Group
- RCL Foods
- AVI Limited
- Libstar operations (pty) ltd
- Bimbo QSR
- Blue Shirt Bakery
- Rhodes Foods Pty Ltd
- Baketech (Pty) Ltd
