Food & Grocery Retail in South Africa

Key Highlights

• The food & grocery retail market is segmented into household products, tobacco, food, and drinks. Market value refers to retail sales.
• The South African food & grocery retail market recorded revenues of $53.9 billion in 2023, representing a negative compound annual growth rate (CAGR) of 0.5% between 2018 and 2023.
• The food segment accounted for the market's largest proportion in 2023, with total revenues of $40.8 billion, equivalent to 75.6% of the market's overall value.
• The decline in the South African food & grocery retail market in 2023 can be attributed to the significant drop in disposable income, which has intensified the market's challenges. Eurostat reports that the net household disposable income of South Africa stood at $192.7 billion in 2023, a decline of 4.9% from the previous year.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the food & grocery retail market in South Africa
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the food & grocery retail market in South Africa
• Leading company profiles reveal details of key food & grocery retail market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Africa food & grocery retail market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the South Africa food & grocery retail market by value in 2023?
• What will be the size of the South Africa food & grocery retail market in 2028?
• What factors are affecting the strength of competition in the South Africa food & grocery retail market?
• How has the market performed over the last five years?
• Who are the top competitors in South Africa's food & grocery retail market?